Tim Geithner, Treasury Secretary, supposedly emailed telling BofA that they couldn't back out of acquiring Merrill Lynch, according to CNBC.hat tip Vaughan Sphere: Related Content Print this post
An email by Geithner telling BofA to close the deal would be a proverbial smoking gun, since BofA honcho Ken Lewis has said he was forced into buying the bank and not publicly revealing the poor financial shape that Merill Lynch was in, in the wake of pressure from the government.
Wednesday, June 24, 2009
Posted by Tyler Durden at 4:48 PM
Developing story from Huffington Post: