Boa /merrill "mac daddy" clause

Discussion in 'Financial Cents' started by Tango3, Apr 24, 2009.

  1. Tango3

    Tango3 Aimless wanderer

    NY AG Cuomo's Investigation of the BOA merrill lynch merger reveals: When BOA discovered merrill fraudulently under reported losses, BOA wanted to invoke the "mac clause" and back out of the deal . " paulson read the ceo the riot act and said if they did the govt would fire the entire BOA board., [beat][beat][beat][freedom][freedom]
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