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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 441.88-2.7%Feb 5 4:00 PM EST
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To: Haim R. Branisteanu who wrote (49119)4/24/2009 2:37:48 PM
From: energyplay  Read Replies (1) of 220063
 
I don't think Ken Lewis is trying to cover his ass, because there is a lot of evidence that Wells Fargo was also coercced into taking the TARP money, and then told what to do - go buy Wachovia and keep it away from Citibank.

I think Lewis and the B of A board had no choice but to go along, or be replaced by some Paulson flunkie, who would really screw over the B of A sharholders.

If Ken Lewis stays, it puts more pressure on the government to fullfill Paulson's promise to B of A to cover the Merill's loss.
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