Economy

October 28, 2011 7:12 AM

Bank of America derivatives transfer is criticized by Democrats in Congress

Lawmakers are criticizing Bank of America Corp. again, this time over the reported transfer of financial instruments from Merrill Lynch into the bank's deposit-taking arm. It's a move the lawmakers say could put taxpayers on the hook for big losses - three years after the bank received billions in bailouts from the federal government.

Related content

Comments

Videos

More Videos

President Obama lands in Vietnam 00:52

President Obama lands in Vietnam

Democrats yell "shame" on the floor of the House of Representatives 02:00

Democrats yell "shame" on the floor of the House of Representatives

British royal family, Obamas trash talk ahead of Invictus Games 00:40

British royal family, Obamas trash talk ahead of Invictus Games

TPP is good for American businesses, says White House 02:06

TPP is good for American businesses, says White House

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama 01:44

'Hamilton' star Lin-Manuel Miranda freestyles with President Obama

'The dance Force' is strong with the Obamas 00:23

'The dance Force' is strong with the Obamas

White House is sending its best fighters to advise in Syria 02:36

White House is sending its best fighters to advise in Syria

Obama sings 'Amazing Grace' at Rev. Clementa Pinckney's funeral 02:12

Obama sings 'Amazing Grace' at Rev. Clementa Pinckney's funeral

Fast, long-term relief from opioid dependence? 00:41

Fast, long-term relief from opioid dependence?

Manatee Technical College students undecided as to who to vote for president 01:45

Manatee Technical College students undecided as to who to vote for president

Share Video

Editor's Choice Videos