Small Business, Community and Faith Groups Protest Fed’s Decision to Allow Bank of America to Transfer Risky Assets to FDIC-insured Bank

Washington, DC –(ENEWSPF)–October 24, 2011.  The New Bottom Line – a coalition of small business, community and faith organizations – wrote President Obama, Fed Chair Bernanke, Treasury Secretary Geithner and FDIC Chair  Gruenberg protesting a secretive decision to allow Bank of America’s holding company to transfer risky derivative assets from Merrill Lynch to its FDIC-insured bank.