Daily Archives: May 15, 2009

John Gapper

The trove of documents and emails about Hank Paulson’s banking system bailout last October, uncovered by Judicial Watch, are interesting not only for the emails exchanged among Treasury officials but the light they shed on what has become a very controversial topic.

Did Mr Paulson force the nine biggest banks in the US to become partly-owned by the government, or did they take capital because they feared for their existence amid financial turmoil? Read more