James Pethokoukis

Reassessing Hank Paulson

July 16, 2009

Imagining that Henry¬†Paulson would threaten Bank of America CEO Ken Lewis¬†into completing the Merrill Lynch acquisition late last year never required a huge mental leap. “I intended to deliver a strong message,” Paulson anticlimactically acknowledged in congressional testimony.

Would America have collapsed without TARP?

July 16, 2009

A fascinating exchange just occur ed during Hank Paulson’s testimony on Capitol Hill about the Bank of America-Merrill Lynch merger. (Paulson admitted in his testimony that he more or less threatened Ken Lewis with dismissal if Lewis scuttled the deal late last year.)