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View Article  Fred Harteis News Articles - U.S. Pressured Bank to Buy Merrill Lynch, Executive Says

Fred Harteis News Articles-  Kenneth D. Lewis, the chief executive of Bank of America, testified before a congressional committee on Thursday that he was pressured by the government late last year to purchase Merrill Lynch.

 

But, he said, without the government pressure, the bank still might have completed the deal.

 

“It’s hard for me to project what I ultimately would have done,” Mr. Lewis said when asked if he would have walked away from the Merrill Lynch purchase. “But, yes, we were strongly considering it.

 

The ...   more »

View Article  Fred Harteis News Article- Inspector Predicted Problems a Year Before Buffalo Crash

Fred Harteis News Articles - More than a year before Colgan Air crashed a twin-engine turboprop on approach to Buffalo, Christopher J. Monteleon told his superiors at the Federal Aviation Administration that the airline was going to have trouble flying that model. As an F.A.A. inspector, Mr. Monteleon was in the cockpit when the airline got its first such plane, a Bombardier Dash 8 Q400, and put it through a series of test flights.

 

Three times, he said, the pilots flew the airplane faster than the manufacturer’s specifications allowed, ...   more »