PublicWorstEnemy

IS  CEO of Bank of America (2001-present) WHAT HE DID  Created ultimate too-big-to-fail company, buying up Fleet, MBNA, Countrywide and Merrill Lynch. WORST MOVE  Failed to catch a $15 billion loss at Merrill before buying the firm; needed $20 billion bailout to close deal. NOW SAYS  It’s a false “claim” to say “the banks that [...]

WAS  CEO of Goldman Sachs (1999-2006); Treasury secretary (2006-2009) WHAT HE DID  Pushed for end to debt restrictions for banks like Goldman, then arranged big bailout for Goldman. WORST MOVE  TARP proposal just three pages long; made his decisions “non-reviewable.” NOW SAYS  “I don’t think we’ve made mistakes on the major decisions.” So, how would [...]