now it turns out that when ken lewis (ceo of bank of america) found out what a mess merrill lynch was, he tried to back out of the purchase, citing the "material adverse change" clause. then hank paulson threatened to fire lewis as well as the entire management team and the board of directors if the deal didn't go through. now paulson said he made the threat at the direction of ben bernanke, something bernanke has already denied. you'd think they would all get their story straight:

Hank Paulson admitted to Andrew Cuomo that he threatened to oust Ken Lewis and the Bank of America board if Bank of America invoked a Material Adverse Change (MAC) clause to block the deal, Cuomo says. Paulson also added, however, that he made this threat at the request of Ben Bernanke.

This contradicts Bernanke, who earlier denied (through a Fed spokesman) that he did not threaten Ken Lewis.

http://www.businessinsider.com/henry...