Update: CBO scores Blue Dog Medicare cap – bill STILL ADDS BILLIONS TO DEFICIT..Floor vote next week -Blue Dogs rolled over already?..Health Care NOT waiting for August recess….
Well alrighty then! The sneaky attempts to give TOTUS (and his panel) control over Medicare spending (taking it away from Congress and thus from people who can be swayed by the public) and GUT benefits to Seniors STILL will not stop this bill from adding BILLIONS to the deficit according to CBO (the head of which was apparently NOT rolled by TOTUS’ oneness last week). Give that man a medal!
So they wanna Throw (Grand)Momma from the Train and it STILL will not avoid adding BILLIONS to the deficit, (that deficit, and the reality of the public’s reaction to it, of which the WH is rightfully fearful, is, in the projections they are holding back, likely MUCH MUCH higher than what they told us pre-spendulus)..KILL THIS BILL….
Update: Paulson to Lewis on BofA Merrill Merger, An Offer He Couldn’t Refuse?
Update: In Depth View via Bloomberg:
Vodpod videos no longer available.
Our previous posts on the Clash of these Bank, Trading and Finance Titans here
Disclaimer: MiM are Merrill/BofA shareholders, our view is pretty damn biased as a result..
Was Timmeh in the room and in the loop? He was head of NY Fed then, betcha he was in the loop…..
Andrew Cuomo has his teeth in and he has that bulldog lockjaw thing happenin’ as he gets ready to run in 2010, Cuomo v Giuliani would be sweet!
Ken Lewis is SOL, shareholders are rightfully pixxed as all get out if he let Hank bully him into waiving withdrawing form the merger under MAC provisions. Material Adverse Change, which is what the MER losses were at that point according to Lewis’ testimony to Cuomo
…BUT even if he stood up to Hank and pushed ahead and went to court in DE, Hank is right in what he told Lewis anyway, DE is a tough fight on MAC, and it would have likely turned out BofA could NOT withdraw under MAC as with proper DUE DILIGENCE they should have KNOWN these losses were coming…either way Lewis is Fired CEO Walking…
Moderate in the Middle 