Treasury Pushed BofA to Close Merrill Deal
Apr 24th, 2009 by Johnny
Mr. Paulson and Mr. Bernanke
According to a New York Times article, the US Treasury pushed Bank of America into closing the merger deal with Merrill Lynch.
What is becoming of America? It seems that this new Presidency and his cabinet is muscling corporations like the mob muscled small businesses for security protection from the mob itself. I just cannot believe the tactics that was placed onto Bank of America by the top people (Mr. Bernanke and Mr. Paulson) running the US Treasury. 
I think that both, Mr. Bernanke and Mr. Paulson, should resign or be charged with racketeering. It sure sounded like it by what they made Bank of America do; not to mention all the money that shareholders and taxpayers lost as a result.
I guess banks taking the US government’s TARP fund is now being power extorted by the government. Mr. Lewis should have spoken up sooner.
I am sure more information is going to come out from this … and maybe someone would get indicted.
