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October 23, 2008

Paulson redacting bailout contracts

Even while getting low marks in polls

Bailout management contracts with both PricewaterhouseCoopers LLP and Ernst & Young
have their bids blacked out.

So, were they low bidders or not? Or are they “Friends of Henry’s”? Both firms did work for AIG, for example, and Paulson’s former company, Goldman Sachs, was AIG’s top investor.

Meanwhile, the public continues to give Paulson low marks on the bailout, and that’s without even knowing about crap like this.

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