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Kenneth Lewis, CEO of Bank of America, testified about the events surrounding Bank of America’s acquisition of Merrill Lynch and its receipt of federal financial assistance. In his testimony he said that federal regulators had pressured the bank into moving forward with the merger. In sometimes contentious exchanges, committee members expressed concern about the pressure applied, but also questioned if Mr. Lewis may have used the threat of backing out of the acquisition as a "bargaining chip" for more government assistance.