Academic

MORE BAILOUT QUESTIONS: ?The spectacle of Ben Bernanke and Henry Paulson running roughshod over Ken?

By Glenn Reynolds

MORE BAILOUT QUESTIONS: “The spectacle of Ben Bernanke and Henry Paulson running roughshod over Kenneth Lewis and his minions at Bank of America Corp. raises a pivotal question for all Americans: Is the U.S. a nation of laws, or a nation of banks? . . . It didn?t matter that investors were buying and selling billions of the banks? shares without a clue that Merrill had lost more than $12 billion during the fourth quarter. Bernanke and Paulson had a singular objective — to get the Merrill deal done, on time — even if that meant duping the stock market and threatening to fire Lewis as chief executive officer, along with the company?s board.”

Full post as published by Instapundit.com on April 27, 2009 (boomark / email).