Posted on 04/24/2009 1:34:34 PM PDT by Kartographer
Mr Paulson later testified to Mr Cuomo that he only threatened Mr Lewis "at the request of Chairman Bernanke."
(Excerpt) Read more at telegraph.co.uk ...
Neil Cavuto's guest host just reported on Your World that the "stress test" information on financial institutions will be under "a harsh gag order" by the government. It may violate many SEC laws if they do.
a bank nationalization.
SEC already called Hal turner because they wanted to see the document. I suspect it is as bad as he says it is and thus the need for the harsh gag order.. but keeping that info from the public should violate many SEC rules.
Thanks for the heads up.
Stress-testing the stress test
And also:
U.S. releases criteria for bank stress tests
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Let’s hope for an over-active copy machine
UPDATE 2-Regions only major bank that may fail test - analyst
***************************EXCERPT***************************
KBW analysts said Bank of America Corp (BAC.N) is the most likely bank to need another round of government capital -- as much as $15 billion to $20 billion -- from the Capital Assistance Program. (Reporting by Tenzin Pema in Bangalore; Editing by Mike Miller and Deepak Kannan)
Courageous Kenny, he's made over $160 Million dollars over the last 5 years to protect the stockholders, and one little threat from Paulson and he caves like a cheap suit. WTF are these outrageous salaries for if they don't protect the stockholders???
In all seriousness, is this straight-up extortion?
So, the fed gov’t told BofA (Lewis)... “Hey, this deal you have to buy Merrill Lynch... we want you to hide Merrills losses from the public and the owners of Merrils stock. And if you don’t buy Merrill we’ll fire you.”
When the Mafia does this it’s called EXTORTION.
Our federal gov’t is engaging in blatantly criminal activity. And yet not one person will be brought to justice.
“In all seriousness, is this straight-up extortion?”
You’re damn right its extortion.
Honestly, this is what our gov’t has coem to. Unreal.
This is getting confusing ... and serves to prove the folly of our government handing out billions in taxpayer funded bailouts to ANYONE.
Can’t you just hear Don Corleone? “Iam going to make him an offer he can’t refuse.”
“Mention extortion again, and I’ll have your legs broken.”
Maybe Lewis should be excused, because face it there is nothing like waking up in the morning with a fresh horse head laying next to you to get you motivated!
Why does it take the UK to give us news about America?
Looky here.
Uhhhh....because the U.S. media didn't get approval to report it from its Editor-in-Chief, Barry Hussein Obama?
(Just a guess, of course.)
I can’t wait for the shareholder lawsuits to start.
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