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Paulson's $140 Billion Surprise
It's a little-known story about the financial crisis. 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?
Keywords: Economy, Government, 2008-83, bailout, banks, Bernie Sanders, Citizens for Tax Justice, Doggett, Economy, Financial Crisis, geithner, Henry Paulson, Lloyd Doggett, McIntyre, mergers, Paulson, Robert McIntyre, Sanders, section 382, taxes, treasury, wachovia, wells fargo
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