Archive for the ‘Henry Paulson’ tag
How Paulson Let Wells Fargo and Wachovia shareholders get rich unjustly
Paulson gave Wells Fargo a tax break to purchase Wachovia. He circumvented Congress. Ten Wachovia executives walked away with parachutes equaling 98 million dollars. Basically any big bank that wants to buy a small bank will now have an even larger incentive to do so.
