Below is a recap of the top news items from this week on Wall Street:

1. Fed Chairman Ben Bernanke spent Thursday infront of an uneasy panel of congressional leaders who grilled him on his involvement in Bank of America’s (NYSE: BAC) acquisition of Merrill Lynch. This week’s testimony follows Ken Lewis’ testimony earlier this month where he said the Fed pressured BofA to complete the deal in light of the MAC (material adverse change) clause. Lewis also said that the Fed threatened to remove BofA’s Board if the deal was not completed. While Bernanke was very vague throughout the testimony,