Did the Fed threaten to make "management changes" if Ken Lewis didn't stay hush, hush ?
JMO: in light of the ouster of GM's CEO and the Fed's involvement in the preparation of Chrysler's bankruptcy documentation (apparently averted at the 11th hour), one can only assume that there might be some truth to Ken Lewis' assertion that the Fed (Bernanke) pressured him to stay tight lipped about the true financial condition of Merrill Lynch.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment