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Paulson’s $140 Billion Surprise

January 24, 2009 8:14 pm The Head Finance, Obama's Staff, U.S. Law and Policy

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During the frenzied events of the fall, Henry Paulson rewrote a piece of the tax code to expedite mergers. The quiet alteration amounts to an estimated $140 billion windfall for big banks. Some critics say Paulson’s move was too autocratic, others argue that it was much more than that-that it was downright illegal. Will Tim Geithner and the Democrats attempt to correct the wrong?

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georgeb.martin 2009-01-24

What a surprise! Who would have thought it. And, the Dems are not going to do anything, what a shocker that is. Chuck Shumer, who has taken millions from the banks and financial institutions is pictured here and he was part of the bailout that His Holiness Obama was pushing. So, maybe corruption and greed are not just Repubocrat problems, the Demoplicans are addicted too. Wow!!!

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