Paulson's media palReader 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. Note: Comments are moderated by the editor and are subject to editing. Other reader comments on this item
Comment on this item |
ADVERTISEMENT |