Days before BofA (BAC) shareholders approved the bank's $50B Merrill Lynch purchase, bank execs...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Days before BofA (BAC) shareholders approved the bank's $50B Merrill Lynch purchase, bank execs were told Merrill's losses would hit the combined companies' earnings for years, but chose not to share this info with shareholders. Court documents filed yesterday shed new light on the disconnect, and will likely put more pressure on federal officials to hold key execs accountable for their crisis-era (in)actions.