Posts filed under “Hank Paulson”
Swimming Upstream
It takes brass balls to write an uncritical, borderline hagiographic story on Hank Paulson given all we know today. That clanging sound is just David Cho walking down the hall to collect his Pulitzer or whatever the prize is called when you get everything exactly wrong: During his 28 months at the Treasury, Paulson has [...]
Dean Baker on Hank Paulson
Precisely: In short, we have one of the chief arsonists telling us about his heroic efforts to combat the huge fire he faced. I’ve been documenting Paulson’s antics for almost two years now. This isn’t a game of “gotcha” based on one unfortunate quote or action. He’s simply been wrong about everything, all the time. [...]
Does He Pass The Shoelace Test?
There are true confessions. And then there are true confessions. Matt’s favorite cabinet member, Hank Paulson, probably put himself in line for a Congressional Medal of Honor with this one: In an hourlong interview with The New York Times, Mr. Paulson defended Treasury’s actions, saying that he and his aides had done everything they could, [...]
Iz R Korprations Lerning?
Mich. lawmakers want gov’t to help auto financing AP (10/22/08): Michigan lawmakers plan to ask Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson to use their regulatory powers to loosen up credit to help finance car loans. [...] The letter is expected to be sent to the Bush administration Thursday. It asks Bernanke [...]
AP Reporter Martin Crutsinger is Nothing More Than a Stenographer
Paulson predicts success in overcoming crisis – AP (10/21/08): Treasury Secretary Henry Paulson said Tuesday the current financial challenges facing the country will persist for a number of months, but he said the economy will rebound. Paulson, speaking to an audience in New York, said that the recovery will occur because the administration, working with [...]
Hank Paulson Regrets Other Peoples’ Mistakes
I guess I’m lucky that I don’t have to choose between saying goodbye to Bush and saying goodbye to Hank Paulson, because that would honestly be a tough call. The AP just moved a piece headlined: “Paulson regrets mistakes on economy.” I was kind of astounded that the man who has made so many big [...]
Quotes of the Day
Brad Sherman (D-CA): “If you want to see your 401(k) alive again, give us $700 billion in unmarked bills,” he said, facetiously quoting Treasury Secretary Henry Paulson. “What they’re saying is, we have to pass a bill now, and if we don’t, there will be blood in the streets and Democrats will be blamed.” Knock [...]
Depends on the Definition of Discretion
It’s not for nothing that I’ve been tracking Hank Paulson since he was selected Treasury Secretary. He was supposed to bring “credibility” to the job, and in 2006 with the economy teetering, that was kind of important. His track record (wreckord?) has been simply atrocious, exemplified by quotes like these: “All the signs I look [...]
Best Of Show
This may be the best comment on Paulson‘s bailout plan: A satirical e-mail is circulating through the inboxes of official Washington mocking Treasury Secretary Henry Paulson’s proposed financial sector bailout. Written in the language of a Nigerian bank scam spam e-mail, the author of the e-mail is unknown. Here’s the version The Trail received today [...]
I’m in Ur Ovul Offis…
…allokating kapital. Bookmark on DeliciousDigg this postShare on Facebookshare via RedditShare with StumblersTweet about itBookmark in BrowserTell a friend