2009 0716 - GOV (House) - Bank of America and Merrill Lynch: How Did a Private Deal Turn Into a Federal Bailout? Part III, Edolphus Towns (D-NY)

  • 2009 0716 - GOV (House-OGR) - Bank of America and Merrill Lynch: How Did a Private Deal Turn Into a Federal Bailout? Part III, (CSPAN) Former Treasury Sec. Paulson on Merrill Lynch Merger, Edolphus Towns (D-NY)  ---  [BonkNote]
    • [PDF-212p,  CSPAN-VIDEO]
    • Hank Paulson
    • House – Joint Hearing - Committee on Oversight and Government Reform - Committee on Oversight and Government Reform and the Subcommittee on Domestic Policy of House of Representatives
  • (p71) - Marcy KAPTUR (D-OH) - Oh, they are happening, Mr. Paulson. You ought to come and visit us in Ohio and see the results of your handiwork.
  • Hank PAULSON. Well, I know how terrible it is. I am just telling you it would have been worse.
  • Ms. KAPTUR. If that is your best argument, that is not good enough.
  • Mr. PAULSON. I want to explain it to you, because you probably don’t agree there was a crisis.
    .....
  • Ms. KAPTUR. I agree it was a crisis of your making——