Paulson's media pal

Reader comment on: Paulson's Cronyism

Submitted by Fast Eddie (United States), Nov 29, 2011 20:58

Gee, somehow that incident did not make it into the suckup book by

a now-former NYT business reporter (currently at CNBC) which morphed

into an HBO made-for-TV hagiography of the sainted Mr. Paulson, or "P" as his

TV-wife adoringly called him. Let us also not forget that it was Paulson,

when he was heading Goldman Sachs, who led a delegation to D.C. to

ask for, and be given, permission for a few big investment banks to use MUCH

greater leverage in their investment schemes, the results of which materially

contributed to the catastrophe that unfolded in 2008. Let us also not forget

that it was Paulson who insisted on reimbursing the AIG counterparties 100%

on their potential losses despite the fact that some counterparties openly said

they expected, and would settle for, less than 100%. Needless to say, one of these

counterparties was Goldman Sachs, to the tune of over $10 Billion from U.S. taxpayers.

After he left office, he (and his ghost writer) produced an autobiography which scrubbed

him clean of all these, and more, troublesome incidents and which was erroneously

listed as Non-Fiction in the NYT best sellers list.

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Other reader comments on this item

Title	By	Date
Inside trading information..... is this legal? [50 words]	Peaches	Nov 30, 2011 08:49
⇒ Paulson's media pal [191 words]	Fast Eddie	Nov 29, 2011 20:58
Jail [51 words]	ben	Nov 29, 2011 15:00

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