Why did Paulson get a free hand?
Re: “Paulson takes heat for role in bailouts,” July 17:
I don’t suppose anyone in Washington considered telling Paulson before he distributed the billions of taxpayer dollars to his cronies, “Hey, this money is for loans, not for banks to buy other banks, not for the CEOs and CFOs to jack up their retirement shares.” Nah, I did not think so.
Jim Lynch
Cardiff, Calif.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.