CEOs not allowed to leave before signing Paulson's takeoverSubmitted by ODell Equip on Wed, 10/15/2008 - 11:27
"The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry Paulson Jr. said they must sign it before they left."
I heard this on CBS radio news this morning, but I couldn't find it in print anywhere, on the radio this morning it sounded a lot more sinister than this article makes it out. Basically they were told "they couldn't leave until they signed." What about the shareholders vote? What about the CEOs 4th and 5th amendment rights? What about the kidnapping and extortion charges?
(These are rhetorical questions, I am well aware that the government is above the law)