• (p35-36) - Paul Kanjorski (D-PA) - [To Hank Paulson] - I daresay for criticism, I think both yourself and Chairman Bernanke and the new Secretary of Treasury have failed to inform adequately the American people as to what meltdown meant. I remember those vital days and some of those meetings and telephone conference calls that we all participated in and some of the descriptions.
  • I don’t want to provide that testimony, but I am hoping that maybe you may remember whether questions of law and order were asked, whether questions of the capacity to feed the American people for what period of time were asked. I am not going to say what I remember the answer to be, but I think when you give the description now, something dire had to be stopped from happening. That is great for you to understand that and those of us that were there, but that doesn’t mean a damn thing to the American people. And as we move through this, you can see that committee members here don’t quite understand what the situation of September, October, November, and December 2008 was like.
  • Please take moments now to describe as fully in detail as you can what were the projections that could happen to not only the United States but the world in a period of 24 hours, 48 hours, 72 hours, and how that would comport to what life would be like if no action were taken.

2009 0716 - GOV (House-OGR) - Bank of America and Merrill Lynch: How Did a Private Deal Turn Into a Federal Bailout? Part III, (CSPAN) Former Treasury Sec. Paulson on Merrill Lynch Merger, Edolphus Towns (D-NY)  ---  [BonkNote]