Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) is the US Treasury Secretary and member of the International Monetary Fund Board of Governors. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. (Who Warren Buffit just invested 5 billion dollars in.)
Ben Bernake On March 16, 2008, JPMorgan Chase announced its intention to acquire Wall Street investment bank Bear Stearns Inc. The proposed purchase is controversial due to the unprecedented involvement of Bernanke's Federal Reserve System. JPMorgan Chase agreed to pay 236 million dollars, but shortly after the deal was announced, the Federal Reserve System confirmed that in a complex package of debt securitization agreements, they were underwriting the deal for around 30 billion dollars.
Paulson and Bernake will make a lot of money for themselves and there friends with this 700 billion dollar bail out.
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