This breaking news is stunning.
Basically, Paulson hauled in the executives of the nine leading banks into a closed room, handed them a piece of paper with a deal to inject money into all of them by buying preferred shares, then told them they had to sign it before they left.
Who knows - maybe he had Oddjob waiting outside the door to knock them out, stuff them into the trunk of a car, and crush them to death at the scrapyard if any of them protested.
At any rate, they all saw the writing on the wall, and signed.
Maybe Paulson learned a thing or two after dealing with Congress.
So you want me to sign?
No, Mr. Dimon, I want you to crashhhh.....
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