... Mr. Lewis agreed to proceed with the Merrill merger only after Messrs. Paulson and Bernanke said that he and his board would lose their jobs if Bank of America backed out of the deal. Mr. Lewis's testimony with the New York attorney general's office corroborates that account.
Isn't this extortion? sschu
This is hardball, CEO style. How do you think Goldman Sachs has come to de facto, control the US? And why was it so imperative that Paulson’s mini-me Geithner HAD to be the next Treasury Secretary?
“It’s not personal, Fredo, it’s only business. And Fredo, don’t ever take sides against the family again””
Not when it is the government trying to make the world better....