Documents: Paulson forced banks into bailout

Courtesy MSNBC.com: Business  Thu, 05/14/2009 - 15:02

Former Treasury Secretary Henry PaulsonĀ told the bankers it would not be prudent to opt out of the program because doing so "would leave you vulnerable and exposed."The chief executives of the nine largest U.S. banks had no choice but to accept capital infusions from the Treasury Department in October, government documents confirm.



 

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