Former Treasury Secretary Paulson Forced BoA to Buy ML
The problem with enormous unchecked government power is that it is often used in a very corrupt way that hurts citizens. Â According to his own admission, Former Treasury Secretary actually forced Bank of America to buy Merrill Lynch last year. Â He told the CEO of Bank of America that if he didn’t go through with the deal that the government would remove the CEO and the rest of management. Â Merrill Lynch has been poorly run for a long time and as both a shareholder and a banking client with Bank of America, I am angry and unhappy at this abuse of government power.
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