Rep. Peter King was on FoxNews this morning. He didn't seem too happy with this deal, either.
These people are all full of sh!t. There is a specific period of time (30 days, I believe) during which mergers/acquisitions of this sort are subject to review. Apparently none of these people had any concerns about it during that 30-day review period, but once the story became a public issue (complete with all kinds of grossly inaccurate information) everyone is scrambling to cover their @sses.
Peter King is the point man on taking this down.