Bank of America Corp. issued a statement indicating it would acquire Merrill Lynch & Co. Inc. The deal is a $50 billion all-stock transaction. Lehman Brothers Holdings Inc. intends to file a petition under Chapter 11 of the U.S. Bankruptcy Code, an announcement said. The Federal housing Finance Board issued a statement indicating that Fannie Mae's former chief executive officer and Freddie's former CEO and chairman will not be paid "golden parachute" payments as required under their contracts.
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