Sunday, July 19, 2009

When Things Got Tough Hank Paulson Went Skiing

Hank Paulson said the unimaginable last week. He testified that he was off on skiing when he had his famous telephone call with Ken Lewis where he strong armed Lewis and Bank of America to complete the acquisition of Merrill Lynch. Lewis had previously testified that he thought that Paulson was on a bike ride but as it turns out Lewis was wrong and Paulson corrected the record.

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