Here we have Hank Paulson threatening Ken Lewis of Bank of America to keep his yap shut about what was really going on at Merrill Lynch . . . even though this violates about a dozen, state and federal criminal laws. And who was the CEO of Merrill Lynch? Another Goldman Sachs former executive and butt kissin' buddy of Hank Paulson . . . John Thain. The same guy that demanded a $10 million bonus and was remodeling his office to the tune of $1.5 million with our money.
So I wonder out loud. What's Cuomo going to do about it? Obviously, we have the elements of criminal conduct here. Better yet, what's Eric Holder the U.S. Attorney General going to do about it? Answer: Not a damn thing, because this goes to the heart of the good ol' boy system at Goldman Sachs. And because Andrew Cuomo is only concerned about one thing . . . being elected Governor of New York. We all know you can't be Governor of New York if you piss on companies like Goldman Sachs.
Here's the opening of The Wall Street Journal article . . .
Then U.S. Treasury Secretary Henry Paulson threatened to remove Bank of America Corp. Chief Executive Kenneth Lewis and the bank's board of directors if the bank backed out of its merger with Merrill Lynch & Co. last year, New York Attorney General Andrew Cuomo said. In a letter to members of Congress on Thursday, Mr. Cuomo said his investigation into the Charlotte-based bank's merger has found that Mr. Paulson told Mr. Lewis on Dec. 21, 2008, that the government "could or would" replace the bank's management and its directors if the bank exited the deal.
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