Monday, July 20, 2009

Secretary Paulson, Shouldn't You Have Recused Yourself?

Good question.



As I said back then, when your Treasury Secretary is the former Chairman and CEO of Goldman Sachs (GS), and he allows GS's main competitor to go bankrupt, and a week later helps engineer the bailout of AIG, a firm that was on the hook for $13 billion to GS, the whole thing looks really bad no matter how good his intentions were.

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