So why the federal investment?

Asked by Larry Kudlow on CNBC tonight how he convinced Wells Fargo to agree to an infusion of federal money, Henry Paulsen didn’t answer directly, but did say of the nine banks in the room that they can “survive just fine” without the federal money and didn’t need the capital.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s