>Not sure who the bad guys are in this:
>
>http://www.nytimes.com/2009/06/12/business/12bank.html
>http://www.miamiherald.com/business/nation/story/1091482.html
>http://thehill.com/leading-the-news/documents-show-fed-put-pressure-on-boa-2009-06-11.html

They were trying to keep Merrill from failing. Remember that the market had been sent into a tailspin just weeks before by the failure of Lehman Brothers.