The WSJ today quotes a number of statements and emails that indicate the central planners (Federal Reserve Chairman Bernanke and then Treasurer Secretary Paulson) were near-apoplectic about Lewis' attempt to back out of the purchase of Merrill Lynch, which Bernanke, Paulson and others had pressured BoA to undertake.
Lewis is now finding out that it isn't wise to get cross-wise with the cryptocracy on one of their high priority projects. The cryptocracy doesn't forget and now Lewis will have to pay the consequences for his temerity.
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