Former Treasury Secretary Henry Paulson testified on Thursday that he pressured Bank of America Corp. last year to go through with its plans to buy Merrill Lynch but didn't tell the bank's chief to hide potential losses from shareholders.
Paulson acknowledged that he warned the bank's CEO, Kenneth Lewis, that Lewis could lose his job if he dropped the deal. Paulson also said he pledged government aid to the bank but declined to put that promise in writing because the details would have been vague and would have to be disclosed publicly by the Treasury Department.
Did he do anything illegal?
Is this going to expand the feds. reach?
Answer by Anonymous at 12:00 PM on Jul. 16, 2009
Answer by yourspecialkid at 12:22 PM on Jul. 16, 2009
Answer by sweet-a-kins at 12:23 PM on Jul. 16, 2009
Answer by yourspecialkid at 12:31 PM on Jul. 16, 2009
If you want to talk about previous administrations fine, you won't be talking to me. I am only worried about the present and the future.
Then why did you answer a thread about Paulson, he is testifying to what he did last year?????
Answer by sweet-a-kins at 12:44 PM on Jul. 16, 2009
Answer by yourspecialkid at 1:44 PM on Jul. 16, 2009
Answer by sweet-a-kins at 2:01 PM on Jul. 16, 2009
Next question overall
Did you bleed less or more after your second baby than your first?