Paulson and Federal Reserve ChairmanBen S. Bernankealso told Morgan Stanley Chief Executive OfficerJohn Mackhe should be willing to sell his firm to JPMorgan Chase & Co. for $1 a share, according to excerpts from Sorkin’s new book, “Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System -- and Themselves.”
“Hank, if you do this, you’ll get killed,” saidJim Wilkinson, Paulson’s chief of staff, referring to the Wachovia deal in Sorkin’s account. Paulson “would be accused of lining the pockets of his friends at Goldman; the ‘Government Sachs’ conspiracy theories would flourish,” Wilkinson said, according to the excerpts.
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