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- MercyPolitics, on 04/24/2009, -1/+47 Believe it or not, Paulson is currently writing a book about the financial meltdown. I wonder if this incident will be a chapter in his book? Probably not...
- inactive, on 04/25/2009, -1/+40Why are American's getting the news important to our future from a UK source? Nothing against our greatest ally, but our own news outlets aren't doing their job.
- minoss, on 04/25/2009, -2/+23Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.
-Twain - GovernmentSp00k, on 04/24/2009, -2/+23Is there any mystery who pulls the strings of the marionette front-men for the Corporation of the US, inc?
- Exhaust, on 04/24/2009, -2/+22Face... Sack... huh huh eheh
- kemp34, on 04/24/2009, -1/+19Thugs
- nepidae, on 04/25/2009, -2/+19Henry Paulson is the Karl Rove of financials.
- offrdbandit, on 04/25/2009, -5/+20You think Washington is corrupt now? Wait until they've got their hands on the health care system.
I feel sorry for anyone deluded enough to think the government is capable of running anything. - blacklilyninja, on 04/25/2009, -1/+15..and we just keep accepting this behavior as par for the course.
- padraic2112, on 04/25/2009, -1/+13Er, if Ken Lewis is telling the truth, then he knowingly and willfully defrauded Bank of America investors. "Big Bad Government made me do it" isn't going to save your job or save you from jail time for fraud. You could have recorded your conversations with Paulson and told him to go screw himself, and then gone public and boy howdy would you currently be a popular hero in the U.S. I really doubt you're going to get Congress to give you retroactive immunity on this one, Mr. L.
- seena91, on 04/25/2009, -6/+18DOWN WITH THE NEW WORLD ORDER
- hertzsae, on 04/25/2009, -0/+10Feel free to let me know what the new administration is doing that is radically different? There are a few more checks, but those are due to public outrage, not the new administration doing something on their own. Our gov't needs less power, especially the executive branch.
- PterionFracture, on 04/25/2009, -2/+11So that's what all this tea-bagging talk is about...
- gcnaddict, on 04/25/2009, -0/+9You know, you'd think outing this kind of discussion would just ruin Paulson as opposed to ruining BoA.
Why is it that such discussions are never outed? Logic tells me that if the person who outed the discussion gets killed, the guy who is ruined by the leak would be the one suspected of murder, which means he likely won't be killing the guy he's trying to threaten in the conversation in the first place. - ajgasper, on 04/25/2009, -0/+8I second that.
- ajgasper, on 04/25/2009, -0/+7He's saying he was forced to buy ML, which may be his way of saving face of either breaching his fiduciary duties, or covering his negligence or incompetence. The finger pointing on this one is going to be interesting. I wonder if he has any evidence outside of his version of the story? He must be catching hell from stock holders. If he lost that job, I wonder who would hire him?
- offrdbandit, on 04/25/2009, -1/+7And?
- kid625, on 04/25/2009, -0/+6Glad I left Merrill in 2006, already sensed something was wrong when company was under Stan O.
- zestyhedgehog, on 04/25/2009, -0/+6In other words, Ken Lewis chose to keep his chair over the shareholders' interests breaching his fiduciary duties. I smell a lawsuit initiated by shareholders in the near future.
- TheTruthHurts, on 04/25/2009, -0/+5why is this not on every freaking news tube?
- TedTschopp, on 04/25/2009, -0/+5This was all over NPR with their business news. Perhaps there is a connection between large corporations owning the news and a decrease in the reporting focusing on large corporations? It would be something interesting to look into.
- PrettyBoyFloyd, on 04/25/2009, -1/+6Why is Alan Greenspan's photo associated with this article? He was long gone from the Federal Reserve by the time this happened. He had nothing at all to do with it. This was all engineered by Ben Bernanke, Hank Paulson and Timothy Geithner, current Secretary of the Treasury. Buried as inaccurate for the photo alone.
- paulishuku, on 04/25/2009, -1/+5This is *****. Why is it just coming out now? Diversions, and excuses. I'm tired of them.
- PterionFracture, on 04/25/2009, -0/+4Luca Brasi much?
It probably wouldn't be so dramatic as the whistle-blower "getting killed." Those involved to these discussions have enough to lose or gain (business interests, career advancement) to keep silent without the threat of brute force. - geneikillua, on 04/25/2009, -0/+4Wow, total *****. The government is full of incompetents who couldn't hope to run a business if their lives depended on it and now they're trying to call the shots for billion dollar corporations? I repeat: total *****.
- Jascol, on 04/25/2009, -0/+4I was complaining to my American friend the other day about the ***** quality of news reporting we get in the UK. He immediately went on a rant about how good we've got it over here (even with toilet papers like the Daily Mail and the Sun) regarding non-biased (to a point) and fair journalism compared to American news reporting/journalism.
- schlottj, on 04/25/2009, -0/+4and this wont get out just like the merryll lynch bonuses were never all over the news
you remember news for weeks about the AIG bonuses, $136million in bonuses they were supposed to get from contracts from the $160billion or so they got of the bailout
but shortly before that merryll lynch received $10billion in bailout and dished out $3.6BILLION in bonuses, PERFORMANCE bonuses, BEFORE the end of the cycle when theyre suppose to review and hand out bonuses - hertzsae, on 04/25/2009, -0/+4They are guilty of extortion, he's guilty of going along with it.
- BlacklabelSAR, on 04/25/2009, -0/+3Yeah any sane person knows that there are no conspiracies, or else conspiracy to commit a crime would be against the law.
And if you read history, you'll find that there never was even one conspiracy, ever.
Just ask Julius Caesar, he'll tell you there is no such thing as a conspiracy.
http://en.wikipedia.org/wiki/Julius_Caesar#Assassi ... - reeds1999, on 04/25/2009, -0/+3The US Treasury Department
- fmello, on 04/25/2009, -3/+6Please tell me that what Paulson & Bernanke did were felonies.
- cmcagle, on 04/25/2009, -0/+3Thugs is right, and I always got that feeling just looking at Paulson. I mean, there's an intimidating, scary-looking guy.
Can anyone imagine Tim Geithner trying to intimidate anyone? - mrteleprompter, on 04/25/2009, -0/+3Bank of America did not need the money and half of the banks didn't need it. The government forced everyone to take money in order to make the banks that were actually failing from completely tanking. The government forcing you into acquisitions is dangerous territory which no one should support.
- FakeHipster, on 04/24/2009, -1/+4Great minds think alike sir, thats exactly what I was going to say.
- offrdbandit, on 04/25/2009, -1/+4If they threatened to fire him, they are guilty of extortion.
- XanderDee, on 04/26/2009, -0/+3Because the truth is treason in an empire of lies.
No one wants to know they are living in a fascist state where the rule of law exists for the average Joe but not for the political elite.
You need to take care of yourself right now check out this guy's web sight.
http://www.chrismartenson.com/ - LBTS, on 04/25/2009, -0/+3American media has taken neutral reporting to new heights of stupidity. Rather than present us with the truth, they stay neutral by presenting both the truth and the lie. They no longer present the news, they diligently present both sides of every argument, and then they say to us, "you figure it out."
Far be it for the media to offend the side that lies. As pointed out by Amy Poehler 's Hillary Clinton character on SNL, they have no balls. - darkened, on 04/25/2009, -0/+3He will get immunity, just watch, he did what he was told to do.
- faskippy, on 04/26/2009, -0/+3I don't agree with the notion that we have to pick just one to be angry at.
- reeds1999, on 04/25/2009, -0/+3What is the title of the book? "How I Helped Destroy the American Economy" would be appropriate.
- LordRedSnake, on 04/25/2009, -0/+3We the taxpayers should be ashamed that we didn't take to the streets in outrage at the bailouts and instead grumbled a little when our futures were mortgaged to prop up failing institutions. We allowed government in to run our financial sector, introducing a whole new level of corruption.
- ZenMojo, on 04/25/2009, -0/+3Because the media are big business and have their own financial interests to look out for. It's the clang and bang of a Capitalism-fueled information network.
- ajgasper, on 04/25/2009, -0/+2I thought of that, but it would be one hell of a pay cut. I suppose he could make it up through insider trading, and kick backs. The ways things are going he'd be dead before they figured it out.
- murrchen, on 04/25/2009, -0/+2"Henry Paulson told him to buy Merrill..., the government told him to..."
What? Loose cannons?
Obama told him to buy Merrill by extension or in fact. - 2facedtruth, on 04/25/2009, -1/+3Federial reserives R Terriosts
- zestyhedgehog, on 04/25/2009, -2/+3He could've resigned, you know. Nobody put a gun to his head. However, being afraid of losing his multi-million salary and stock options he made an informed decision to buy a company with huge built-in losses without a proper appraisal.
- emmeron, on 04/26/2009, -0/+1That's old news. He wrote it like five years ago, now he's making it true with his buds.
- chourobin, on 04/25/2009, -0/+1how is this news... if you watched any of Ken Lewis's interviews, he stated the reasons like 2 months ago.
- ajgasper, on 04/25/2009, -1/+2That's a valid point. He is saying he was forced to buy ML, which may be his way of saving face in the face of either breaching his fiduciary duties, or covering his negligence or incompetence. The finger pointing on this one is going to be interesting. I wonder if he has any evidence outside of his version of the story?
- ajgasper, on 04/25/2009, -0/+1The Godfather was an action flick? :-)
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