Though not surprising, this is still a fairly damning revelation, in this morning’s Wall Street Journal: Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of America Corp. to not discuss its increasingly troubled plan to buy Merrill Lynch & Co. — a deal that later triggered a government bailout […]
Working Life
Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "Ben Bernanke"
Merrill Makes AIG Look Like Small Potatoes
Posted on 31 March 2009.
Those poor AIG executives–they must be pissed about getting all the heat from walking away with a paltry $165 million in bonuses while the folks at Merrill Lynch managed to cart away twenty times that amount just as the government was crafting its takeover by Bank of America. Remember, Merrill had just posted […]
Posted in General InterestComments (0)
© 2026 Working Life. Powered by WordPress.
