As reported widely, but starting, I believe, with WSJ, Ken Lewis is asserting that Paulson and Bernanke told him to be quiet on the BoA/Merrill deal or be sacked:
Here’s Andrew Ross Sorkin at NYT’s Dealbook:
Megan McArdle notes that this helps doom Bernanke being nominated for a second term, but the greater political fallout will probably not be much, unless Geithner is somehow involved:
http://meganmcardle.theatlantic.com/archives/2009/04/ken_lewis_paulson_made_me_do_i.php
Calculated Risk says to look out for the shareholder lawsuits:
http://www.calculatedriskblog.com/2009/04/bofa-ceo-lewis-excerpts-from-testimony.html
Thoughts from Naked Capitalism:
http://www.nakedcapitalism.com/2009/04/lewls-testified-treasury-and-fed.html
Anyone else talking about this? Put it in the comments.
UPDATE: Washington Independent’s Mike Lillis on a Democratic threat to subpoena over this deal:
UPDATE #2: Article on the Daily Beast:
http://www.thedailybeast.com/blogs-and-stories/2009-04-24/banks-tarp-cover-up/
