Hank Paulson tells Congress he threatened Ken Lewis
By TIM CATTS
Posted 12:00 PM 07/16/09 Economy, People
Former Treasury Secretary Henry Paulson said he warned Bank of America (BAC) CEO Ken Lewis that regulators could remove him and other executives at the company if they pulled out of a deal to buy Merrill Lynch, he told a congressional committee investigating the deal.
Paulson told the House Oversight Committee that he "intended to deliver a strong message" to Lewis that "it would be unthinkable for Bank of America to take this destructive action for which there was no reasonable legal basis and which would show a lack of judgment."
Paulson's testimony follows appearances before the committee by Lewis and Federal Reserve Chairman Ben Bernanke. Lawmakers are trying to figure out whether Paulson and Bernanke improperly pressured Lewis to complete the deal even though Merrill Lynch's financial health was rapidly deteriorating.
"I believe my remarks to Mr. Lewis were appropriate," Paulson said. That echos Bernanke's comments. The Fed chief said the central bank acted with "the highest integrity" during talks with Bank of America when he testified before the panel three weeks ago.
The committee is also seeking to determine whether Lewis threatened to scuttle the merger in an attempt to gain additional government support for the deal. Lewis denied that during his testimony last month.
http://www.dailyfinance.com/story/hank-paulson-tells-congres...
This is thug wars
for territory.
We have been made into collateral to satisfy the Crown/Vatican under the 14th amendment because they have tricked us into becoming 'corporations' under commercial code without full disclosure to the contract. Therefore the contract is 'null and void'. 'They' are in dishonor. Its a fraud. Central banking is a fraud.
Do not 'contract' with them. Do not accept their 'offers'. Say no. Do not play their game. While at it, do the affidavit process, reclaim your 'strawman' (birth certificate), social security, drivers license, port pass. Become an American national, a sovereign American, a citizen/resident of your sovereign State.
If about 144,000 people did this it would be game over.
What is 144,000 times $15Billion of exemption? mmmmm...$15billion per man/woman is how much they lose as each one pulls out of their fraud.
Our Constitution only applies to living breathing men and women NOT fictitious entities. That is why our Constitution has not been applicable to any of us because they consider you a strawman from which they pluck energy. We have been living under commercial law, contract law hence the 'admiralty flag' with the yellow fringe means our 'flag was captured'.
We have become their batteries. Their fraudulent source of wealth. We were programmed to allow this, but once we understand we do not have to accept this and pull ourselves out of their game, their house of cards will collapse.
The legal term for this is called "duress."
Of course, there no crime committed....yet!
DURESS
Restraint or danger, actually inflicted or impending, which is sufficient in severity or apprehension to deprive a person of free choice, destroy his volition, or obtain consent only in form.
Under the law, a person is not guilty of a crime if he participated only because he believed, and had good reason to believe, that he would be seriously harmed if he did not participate and had no other way of escaping serious harm. The burden is on the government to prove the defendant's guilt beyond a reasonable doubt. To find someone guilty, therefore, there must be proof beyond a reasonable doubt that when he participated in the offense, he did not have a reasonable belief that such participation was the only way he could save himself from serious harm.
An actual or a threatened violence or restraint of a man's person, contrary to law, to compel him to enter into a contract, or to discharge one.
http://www.lectlaw.com/def/d082.htm
Theatre of the Absurd
A criminal and traitor orders a large insolvent bank to purchase an even more insolvent bank - with taxpayer money.
If they don't comply, then they won't get their enormous bonus - again paid with taxpayer money.
Makes perfect sense.
.
banking seems to be a dirty business.
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