![]() ![]() Curl ended up telling Wilson, however, that Bank of America was having a problem with the Richmond Fed and would need Treasury’s help to clear that up before they could help Lehman, which Wilson relayed to Paulson. Curl was cautious but said he would “talk to the boss” (244). ![]() Fuld called Rodgin Cohen and asked him to call Curl. He warned Fuld indirectly that “he didn’t have much negotiating power-or time” (243). ![]() Ken Wilson at Treasury pressured Fuld to call Bank of America, but Wilson did not tell him that “he had already worked over Greg Curl of Bank of America to tee up the phone call” (243). This was mainly a courtesy to Fuld, who had been “stripped of any real authority” (235). McDade told Fuld that they should “preannounce earnings before the scheduled earnings call next Thursday” to try to “settle things down” (234). When the news broke that the Korea Development Bank was no longer considering buying Lehman, its stock “dropped precipitously” (234). ![]()
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