Email me at Mike Emery. All financial contributions are cheerfully accepted. If you want to keep it private, use my PGP Key. Home Page
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
"Henry Merritt "Hank" Paulson Jr. (born March 28, 1946) is the United States Treasury Secretary and member of the International Monetary Fund Board of ..."
en.wikipedia.org/wiki/Henry_Paulson2. U.S. Treasury - Biography of Henry M. Paulson, Jr., Secretary of ...
"4 Mar 2008 ... Treasury Officials - biography, Henry M. Paulson, Jr., Secretary of the Treasury ."
www.ustreas.gov/organization/bios/paulson-e.html3. Hank Paulson's Secret Life - January 12, 2004
"12 Jan 2004 ... (FORTUNE Magazine) – Bouncing in the back seat of a Toyota 4Runner as it crawls along volcanic clay roads through the jungle, Hank Paulson, ..."
money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357911/index.htm4. Hank Paulson faces the greatest financial crisis of our time - Sep ...
"19 Sep 2008 ... Hank Paulson came to Washington reluctantly. His job was almost a backwater. Today his task is momentous, wrestling down the greatest ..."
money.cnn.com/2008/09/19/news/newsmakers/gunther_paulson.fortune/index.htm5. Hank Paulson, Naked Emperor by Michelle Malkin on National Review ...
"14 Nov 2008 ... Treasury Secretary Hank Paulson finally confirmed what lonely bailout opponents tried to tell the American public all along: The man doesn’t ..."
article.nationalreview.com/?q=NGM4YWRmOWQ3ZGRiZDcyZjJiNzVjYjdhYmExYTgwZjU=6. An Interview with Hank Paulson by Larry Kudlow on NRO Financial
"I sat down Wednesday night with Treasury Secretary Hank Paulson in an exclusive interview for CNBC’s Kudlow & Company. The full transcript follows: ..."
article.nationalreview.com/?q=MjZmYjZmNWUxOGQ3Y2ZjODM5ZjE1M2RjODcwMmIwNjE=7. Can Hank Paulson Defuse This Crisis? - NYTimes.com
"27 Jul 2008 ... The Treasury secretary, Henry M. Paulson Jr., preached against “excessive regulation.” But he now finds himself leading an expansive ..."
www.nytimes.com/2008/07/27/business/economy/27hank.html
"Our Firm. Our people have driven Goldman Sachs' success for 130 years through sustained, superb execution across a range of markets and products. ..."
www2.goldmansachs.com/our-firm/index.html9. 3 Reasons Behind Hank Paulson’s Bailout Flip-Flop - The Home Front ...
"12 Nov 2008 ... Treasury secretary outlines a much different agenda for the $700 billion than the one he sold to Congress."
www.usnews.com/blogs/the-home-front/2008/11/12/3-reasons-behind-hank-paulsons-bailout-flip-flop-2.html10. The 11 Blunders of Hank Paulson - Capital Commerce (usnews.com)
"17 Nov 2008 ... From the Super SIV plan to TARP, here are the mistakes that were made by our man at Treasury."
www.usnews.com/blogs/capital-commerce/2008/11/17/the-11-blunders-of-hank-paulson.html11. Hank Paulson has turned a drama into a crisis | Anatole Kaletsky ...
"16 Sep 2008 ... It looks as if the prophets of doom may have been right after all. With the demise of Lehman Brothers and Merrill Lynch - and the threatened ..."
www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article4761265.ece12. Hank Paulson's bailout 419 letter - Boing Boing
"22 Sep 2008 ... Hal sends us this "brilliant satiric email phrasing Hank Paulson's giant Wall Street bailout as Nigerian spam." Dear American: ..."
www.boingboing.net/2008/09/22/hank-paulsons-bailou.html13. Michelle Malkin » Hank Paulson, naked emperor
"Treasury Secretary Hank Paulson finally confirmed what lonely bailout .... Treasury Secretary Hank Paulson: The man doesn’t know what the hell he’s doing. ..."
michellemalkin.com/2008/11/14/hank-paulson-naked-emperor/14. The Curious Capitalist - TIME.com » Blog Archive Maybe Hank ...
"Judy Biggert, a Republican from Illinois, had a question for Hank Paulson at today's House Financial Services Committee hearing: What ever happened to that ..."
curiouscapitalist.blogs.time.com/2008/11/18/maybe-hank-paulson-should-give-silence-a-try/15. Hank Paulson: Give him credit - Profiles, People - The Independent
"There was a pleading headline in one of the financial newspapers this week:"
www.independent.co.uk/news/people/profiles/hank-paulson-give-him-credit-928809.html16. Fire Hank Paulson Now - Seeking Alpha
"13 Nov 2008 ... For those that may not know, Hank Paulson made all of his hundreds of millions while running Goldman Sachs (GS). ..."
seekingalpha.com/article/105819-fire-hank-paulson-now17. US Treasury Secretary Hank Paulson rejected Gordon Brown meeting ...
"25 Sep 2008 ... Hank Paulson, the US Treasury Secretary, is understood to have rejected a request for a meeting with Gordon Brown, delivering a snub to the ..."
www.telegraph.co.uk/news/newstopics/politics/labour/3074014/US-Treasury-Secretary-Hank-Paulson-rejected-Gordon-Brown-meeting.html18. Hank Paulson, Revisionist - Finance Blog - Felix Salmon - Market ...
"23 Oct 2008 ... Did you know that Hank Paulson is one of the most powerless finance ministers in the world? While his counterparties in other countries feel ..."
www.portfolio.com/views/blogs/market-movers/2008/10/23/hank-paulson-revisionist?tid=true19. Hot Air » Blog Archive » Video: Hank Paulson, cartoon character
"Video: Hank Paulson, cartoon character. posted at 6:50 pm on December 5, 2008 by Allahpundit Send to a Friend | Share on Facebook | printer-friendly ..."
hotair.com/archives/2008/12/05/video-hank-paulson-cartoon-character/20. Degrees of Hank Paulson - ProPublica
"Degrees of Hank Paulson. by Jennifer LaFleur, Dan Nguyen and Lisa Schwartz, ProPublica - October 10, 2008 2:00 pm EDT ..."
www.propublica.org/special/degrees-of-hank-paulson
Errors & omissions, broken links,
cock ups, over-emphasis, malice [ real or imaginary ] or whatever; if
you find any I am open to comment.
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Updated on 24/12/2015 11:25