Monday, August 4, 2008

Did Treasury Secretary Paulson Have a Grudge Against Bear Stearns?

Buzz has it that a book to be released soon, Bear-Trap: The Fall of Bear Stearns and the Panic of 2008, will charge that Treasury Secretary Henry Paulson had a grudge against Bear Stearns (Going bact to Long Term Capital days)and that it was an important factor behind the collapse of Bear.

The author of the book was a top level Bear exec whose name will be revealed on September 25 when the book is released.

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