RSSLawmakers grill Paulson over Merrill deal
From: The Washington Times | July 16, 2009
A bipartisan chorus of House lawmakers on Thursday angrily accused former Treasury Secretary Henry M. Paulson Jr. of abusing his authority and misleading Congress in pressuring a reluctant Bank of America to go through with a takeover of Merrill Lynch last year. Mr. Paulson, while testifying on the merger before the House Oversight and Government Reform Committee, said he warned Bank of American Chief Executive Ken Lewis that backing out of the deal would “show a colossal lack of judgment,” have a “destructive” impact to the economy and possibly be illegal. The former secretary, who stepped down in January with …
Filed Under The Wire
Content posted by users from other sites is posted for commentary and news purposes under fair use and each author is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or its owner.
Please Note: The comments section is for both the registered users of this web site as well as non-registered users. All wishing to post comments must comply with our Commenting Rules or risk having their comments stricken. Comments do not necessarily reflect the views of the ownership of this site and should not be taken as such just because they are visible and posted here.
Leave a Reply
Loading ...Recommended Reading:
