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October 15, 2008 · 11:16AM

Drama Behind Treasury’s $250B Bank Deal

New details emerged Wednesday about the U.S. Treasury’s $250 billion equity purchase program, suggesting Bank of America’s CEO Ken Lewis argued with Wells Fargo’s Chairman Richard Kovacevich about limits on executive compensation. Kovacevich protested the deal, claiming his bank largely avoided the mortgage crisis. (NYT)

Categories: Business & Finance Today · Financial Services

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