tailieunhanh - BANK OF AMERICA AND MERRILL LYNCH: HOW DID A PRIVATE DEAL TURN INTO A FEDERAL BAILOUT?

At the end of 1996 the first prepaid cards were issued in Germany by the German banking sector (ZKA-GeldKarte-System) and tested in a pilot project. Since the successful test phase the number of prepaid GeldKarte cards has increased to million. There are cards linked to accounts, where the GeldKarte chip is integrated into an ec card, as well as cards not linked to an account (“white cards”), which have only an electronic purse function. The potential of these more than 67 million chipcards with the GeldKarte feature has not yet greatly developed due to lack of acceptance from suppliers. | AUTHENTICATED . GOVERNMENT INFORMATION GPỌ BANK OF AMERICA AND MERRILL LYNCH HOW DID A PRIVATE DEAL TURN INTO A FEDERAL BAILOUT JOINT HEARING BEFORE THE COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM AND THE SUBCOMMITTEE ON DOMESTIC POLICY HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS FIRST SESSION JUNE 11 2009 Serial No. 111-38 Printed for the use of the Committee on Oversight and Government Reform Available via the World Wide Web http congress http reform . GOVERNMENT PRINTING OFFICE 54-877 PDF WASHINGTON 2009 For sale by the Superintendent of Documents . Government Printing Office Internet Phone toll free 866 512-1800 DC area 202 512-1800 Fax 202 512-2104 Mail Stop IDCC Washington DC 20402-0001 COMMITTEE ON OVERSIGHT AND GOVERNMENT REFORM EDOLPHUS TOWNS New York Chairman PAUL E. KANJORSKI Pennsylvania CAROLYN B. MALOnEy NeW York ELIJAH E. CUMMINGS Maryland DENNIS J. KUCINICH Ohio JOHN F. TIERNEY Massachusetts WM. LACY CLAY Missouri DIANE E. WATSON California STEPHEN F. LYNCH Massachusetts JIM COOPER Tennessee GERALD E. CONNOLLY Virginia MIKE QUIGLEY Illinois MARCY KAPTUR Ohio ELEANOR HOLMES NORTON District of Columbia PATRICK J. KENNEDY Rhode Island DANNY K. DAVIS Illinois CHRIS VAN HOLLEN Maryland HENRY CUELLAR Texas PAUL W. HODES New Hampshire CHRISTOPHER S. MURPHY Connecticut PETER WELCH Vermont BILL FOSTER Illinois JACKIE SPEIER California STEVE DRIEHAUS Ohio DARRELL E. ISSA California DAN BURTON Indiana JOHN M. MCHUGH New York JOHN L. MICA Florida MARK E. SOUDER Indiana TODD RUSSELL PLATTS Pennsylvania JOHN J. DUNCAN JR. Tennessee MICHAEL R. TURNER Ohio LYNN A. WESTMORELAND Georgia PATRICK T. MCHENRY North Carolina BRIAN P. BILBRAY California JIM JORDAN Ohio JEFF FLAKE Arizona JEFF FORTENBERRY Nebraska JASON CHAFFETZ Utah AARON SCHOCK Illinois Ron Stroman Staff Director MICHAEL McCarthy Deputy Staff Director Carla Hultberg Chief Clerk Larry Brady Minority Staff Director .