Henry Paulson

...a $20 billion loan from the government. Over the summer, Lewis, former Treasury Secretary Hank Paulson and Federal Reserve chairman Ben Bernanke testified separately to the committee. The committee is examining both the bank and the...

In this article: Bank of America Corp., Material adverse change, and Amy Woods Brinkley

...bought FleetBoston in 2004. The House panel has already questioned and faulted Lewis, Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson for how they handled the Merrill deal. Reporting by Rachelle Younglai...

In this article: Bank of America Corp, FleetBoston Financial Corp, Ben Bernanke, Federal Reserve, and Merrill Lynch & Co

...frightening. In the preceding two months, Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson had visited Capitol Hill to explain that the financial system was on the verge of collapse. President George W....

In this article: American International Group, Federal Reserve, Washington, Treasury Department, Troubled Asset Relief Program, Dow Jones Industrial Average, Lehman Brothers, and Ben Bernanke

...to back out. At a meeting in Washington on Dec. 17, then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke told the bank it didn't have the basis for a Material Adverse Change escape clause, or MAC. Abandoning the...

In this article: Bank of America Corp., Ken Lewis, Edolphus Towns, Merrill Lynch, Darrell Issa, and John Thain

...at Merrill. Henry Paulson, then Treasury Secretary, and Ben Bernanke, the Fed chairman, pressured Mr Lewis to go through with the acquisition, with the promise of a $20 billion bailout to help BoA absorb Merrill's losses. But BoA did not...

In this article: Kenneth Lewis, Bank of America, The Fed, Ben Bernanke, Elijah Cummings, and Dennis Kucinich

...with them even before Lewis engaged in a public dispute with Federal Reserve Chairman Ben Bernanke and former Treasury Secretary Henry Paulson over whether they put undue pressure on the bank to complete its acquisition of Merrill Lynch...

In this article: Bank of America, Jpmorgan, Wealth management, Countrywide, Wall Street, and Financial crisis