Bankers Told by Paulson to Accept U.S. Aid or Be ‘Vulnerable’

Treasury should move their headquarters to Italy
http://www.bloomberg.com/apps/news?pid=20601087&sid=aLYnwYU72yI0&refer=home

 

“If a capital infusion is not appealing, you should be aware that your regulator will require it in any circumstance,” the one-page list of talking points said. “We don’t believe it is tenable to opt out because doing so would leave you vulnerable and exposed.”

That's classic!

 

Bank CEOs meeting with Paulson last summer. He made them an offer they couldn't resist