Former Treasury Sec. Paulson on Merrill Lynch Merger скачать в хорошем качестве

Former Treasury Sec. Paulson on Merrill Lynch Merger

Former Treasury Sec. Paulson on Merrill Lynch Merger - House Oversight Committee - 2009-07-16 - Product 287770-1-DVD - House Committee on Government Reform and Oversight. Former Treasury Secretary Henry Paulson testified about federal assistance to Bank of America and Merrill Lynch. Members often asked pointed questions and demonstrated frustration with Mr. Paulson, calling on him to account for misleading Congress to gain approval of the 00 billion financial market rescue program, investing in banks on overly generous terms, failing to help homeowners facing foreclosure, and allowing the nation to fall into economic crisis. Mr. Paulson responded that the government had to intervene in the financial system to prevent an even deeper economic crisis and that the actions he took were appropriate and helpful. The hearing was convened as part of an investigation into the government's efforts to secure the acquisition of Merrill Lynch by Bank of America. The companies struck a deal the previous September to merge without government aid, but only completed the deal in January after the Treasury agreed to invest 0 billion and to help limit Bank of America's losses. Filmed by C-SPAN. Non-commercial use only. For more information see http://www.c-spanvideo.org/program/28...