What Hank Paulson’s Admiration? What is That Which Brings Him Joy?
I wonder who Hank Paulson had in mind to bludgeon with his baseball bat at this meeting?*
WASHINGTON — The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry M. Paulson Jr. said they must sign it before they left.
Nah…no coercion there.
And now those banks, none of which were in financial trouble, have lost at least partial control of how they do business to the United States Government.
(via Mark Krikorian)
*Reference below the jump
Possibly not for the squeamish at the end.
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Category: General
