Treasury Secretary Henry Paulson urged Goldman Sachs (GS) and Wachovia to merge last year - and...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Treasury Secretary Henry Paulson urged Goldman Sachs (GS) and Wachovia to merge last year - and Paulson and Ben Bernanke told John Mack he should sell Morgan Stanley (MS) to JPMorgan Chase (JPM) for $1/share - according to Andrew Ross Sorkin's Vanity Fair excerpt of his coming book. "Hank, if you do this, you'll get killed," Sorkin reports Paulson's chief of staff said about concerns that Paulson would be lining Goldman's pockets, and that "Government Sachs" theories would flourish.