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A $250B Offer They Couldn't Refuse

In brief meeting, Paulson gave banks a 'take it or take it' deal

By Jason Farago, Newser Staff

Posted Oct 15, 2008 7:47 AM CDT

(Newser) – When the CEOs of America's 9 largest banks arrived at the Treasury at 3pm Monday afternoon, they each received a draft one-page statement promising to sell shares to the government. By 6:30 they'd all signed them. The New York Times reconstructs the meeting, during... Read full story »

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A $250B Offer They Couldn't Refuse

In brief meeting, Paulson gave banks a 'take it or take it' deal

Bank of America • CEO • Henry Paulson • Wells Fargo • Treasury Department • financial crisis • recapitalization

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