Henry Paulson, then the Treasury secretary, in his office last September, the month Lehman fell and the bailout took shape. By Nigel Parry/CPi Syndication. It was February 2008, and Henry M. Paulson Jr., a prince of Wall Street turned secretary of the Full Story »
Posted by Derek Hawkins - via Real Clear Politics
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Purdum's story on Paulson ran about a third longer than necessary, written with the all the excessive language typical of Vanity Fair. At times he overcompensates with negatives for what is obviously a favorable view of Paulson and his reporting methods were almost too transparent. But there are some insights into Paulson's character here I haven't gotten elsewhere, and his ambition for writing this piece is commendable.
This is a very friendly view of Hank Paulson, whose personal style and characteristics are emphasized. There is no critical examination of his account of the fiscal fiasco the Fed and Treasury abetted Wall Street in executing.
I have difficulty accepting that all those top financial wizards were "surprised at how the crisis in the subprime-mortgage market became, by the ... More »
Geithner’s name came up so frequently in Paulson’s conversation that one began to think of the pair of them—and others formed by the same Wall Street culture—as ... More »
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