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EDOLPHUS
TOWNS,
NEWYORKCHAIRMANDARRELLE. ISSA, CALIFORNIA
RANKING MINORITY
MEMBER
ONE
HUNDRED ELEVENTH CONGRESS
@onqreßß
st
tbe
@niteù
åtuteø
Tþouse
of
lßepr
esmtutíbeø
COMMITTEEON
OVERSIGHT
AND
GOVERNMENT
REFORM
2157
Raveunru
House
Orprce
Butou.rc
Wassrrucroru,
DC 20515-6143
Majority
(202)
225-5051
Minority
(202)225-507 4
June29,2009
Mr.
Henry
M.
Paulson,
Jr.
Johns
Hopkins University
School
of
Advanced
International
Studies
Suite
810-81
1
1619Massachusetts
Avenue,
NW
Washington,
D.C.
20036
Dear
Mr.
Paulson:
We
are
writing
toconfirmyour
acceptance
of
our
invitation
for
you
to testify
at
a
hearing
of
the Committee on
Oversight
and
Government
Reform
on
Thursday,
July16,at
10:00 a.m.
in
room
2154
Rayburn
House
Office
Building.
Thepurpose
of
thehearing
is
to
examine
events
surrounding
Bank of America's acquisition of
Merrill
Lynch
and
receipt
of
Federalf,rnancial assistance.
In
preparation
for this
hearing,
you
may
wish toreview
thetestimony
presented
to
the
Committee
on
June
11,2009,by
Bank
ofAmerica
CEO
Ken Lewis,
and
on
June25,2009,by
Federal
Reserve
BoardChairmanBen
S.
Bernanke.
In
addition,
amongthe
issues
you
should
beprepared
to
address are
the
following:
o
Did
Bank
of America
need or request
the
$15
billion
it
received
from
the
Federal
government
in
October
2008?
o
Did
Bank
of America
decide
to
acquire
Merrill
Lynch,
or
was
the
acquisition
suggested
by
a
government
agency?
o
How
and
when
did
the Federalgovernmentbecome
aware
of
the deteriorating
conditionof
Menill
Lynch?
Mr.
Henry
M.
Paulson
Jr.
Page2
o
What
roledid
theFederalgovernment
play in Bankof America's
decision
to
completethe
acquisitionof
Merrill
Lynch?
o
Did
Bank
of America
need
or
request
the
$20
billion
it
received
from
theFederal
government
in
January2009?
o
When,
how,
and
under
what
circumstances
did
theFederalgovernment
commit
to
provideadditionalfinancial
assistance
to
Bank
of
America?
o
How
can the
kind
of financial
disaster
this
country
has
experiencedover
thepast year
be
prevented
in
the future?
You
maysubmit
writtentestimonyfor
therecord,
of
anyreasonable
length.
In additiontoyourwritten testimony,you
should
beprepared
to
provide
a
hve minute
opening
statementand
answer
questionsposed
by
Members
of
the
Committee'Information
for
witnesses
appearing
beforetheCommitteeis contained
in
the
enclosed
Witness
InformationSheet.Inparticular,
pleasenote
theprocedures
for
submittingwrittentestimony
atleast
two
businessdays
prior
tothehearing.Shouldyouhaveanyquestions,
please
contact
John
Arlington
or
Christopher
Staszak
of
the
Full
Committeestaff
at202-225-5051,or
Jaron
Bourkeof the
Subcommitteestaff
at202-
225-6427.Sincerely,Chairman,
Su
Committee
on
Oversight
and
Government
Reform
EnclosureDomestic
Policy
TheHonorable
Darrell
Issa
Ranking
Minority
MemberCommittee
on
Oversight
and
Government
Reform
D
Dennis
Kucinic
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