Paulson, Fool Or Rogue?

The answer is not entirely clear. Hank was in the business and as the U.S. Treasury Secretary, he was a front man which makes him easy to blame when things go wrong. Some time ago he was sent off to China to plead with them. Changing the rules would have deferred problems. The Chinamen did not oblige. I am disposed to believe that he was more fool than rogue albeit he ran Goldman Sachs, a Jewish firm.

Hank Paulson ex Wiki
QUOTE
Notable statements
In Spring 2007, Secretary Paulson told an audience at the Shanghai Futures Exchange that "An open, competitive, and liberalized financial market can effectively  allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention."
In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades.
On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”
On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.
On December 19, 2008 Paulson during a conference call said that there will be a martial law if bailout plan was rejected.
UNQUOTE
I suppose we all have things we regret saying. The interesting point here is that he would have been saying something of the sort to the people in charge and might well have been believed. Whoops. How very wrong you can be.

 

Henry Paulson - Wikipedia, the free encyclopedia

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5. Hank Paulson, Naked Emperor by Michelle Malkin on National Review ...

6. An Interview with Hank Paulson by Larry Kudlow on NRO Financial

7. Can Hank Paulson Defuse This Crisis? - NYTimes.com

8. Goldman Sachs | Our Firm

9. 3 Reasons Behind Hank Paulson’s Bailout Flip-Flop - The Home Front ...

10. The 11 Blunders of Hank Paulson - Capital Commerce (usnews.com)

11. Hank Paulson has turned a drama into a crisis | Anatole Kaletsky ...

12. Hank Paulson's bailout 419 letter - Boing Boing

13. Michelle Malkin » Hank Paulson, naked emperor

14. The Curious Capitalist - TIME.com » Blog Archive Maybe Hank ...

15. Hank Paulson: Give him credit - Profiles, People - The Independent

16. Fire Hank Paulson Now - Seeking Alpha

17. US Treasury Secretary Hank Paulson rejected Gordon Brown meeting ...

18. Hank Paulson, Revisionist - Finance Blog - Felix Salmon - Market ...

19. Hot Air » Blog Archive » Video: Hank Paulson, cartoon character

20. Degrees of Hank Paulson - ProPublica

 

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Updated on 23/06/2018 21:29