Paulson’s Next Stop: Johns Hopkins Washington Post (1/16/09):
Treasury Secretary Henry M. Paulson Jr. said yesterday that he has decided to take a position at Johns Hopkins University’s School of Advanced International Studies after he leaves the Treasury Department.
His exact title has yet to be worked out, said a spokeswoman for the school in downtown Washington.
In an interview on his last official workday at the department, Paulson said he decided on SAIS to have an office and “a place to hang my hat.” He said he plans to stay for at least several months before deciding what to do next.
Paulson said he has yet to make up his mind on a long-term career option but wants to be involved in nature conservation. A former chairman of Goldman Sachs, Paulson added that he is not interested in taking a job as a chief executive of a company, nor is he seeking to make money.
Since the Post is basically laundering a press release here, I figured I’d translate:
I wrote and held the bit above for the time when Paulson came out in public again. And that time is now:
A book this fall will offer one of the ultimate inside takes on the economic crisis, from former Secretary of the Treasury Henry Paulson.
“I didn’t come to Washington thinking I was going to leave and write a book, but this period was so significant and there are so many insights and so many lessons learned that I think an understanding of this extraordinary period is important,” Paulson told the Associated Press Wednesday from his office at Johns Hopkins University’s School of Advanced International Studies in Washington.
Insights and lessons learned. If this was actually the case, Paulson should be advising his bumbling successor. But what could Paulson have possibly learned? Everything he touched fell apart, and he couldn’t open his mouth without saying something that was proven false in almost no time at all. From his greatest hits:
I challenge anyone to come up with five statements from any one person that top Paulson on the scale of wrongness. (Cheney, maybe, but he’s the devil incarnate.) But when Paulson was given a chance to come clean on these and other massively costly errors in a Fox Business interview, he blamed other people:
“We’re not proud of all the mistakes that were made by many different people, different parties, failures of our regulatory system, failures of market discipline that got us here.”
I wonder if this is the “insight” and the “lessons learned” that we can expect in the book. If so, Johns Hopkins must be so proud. They may want to rethink giving him a job, and maybe send him packing with a nail on which to hang his hat.