Is Treasury Secretary Paulson Running Out of Gas?
Over the past two months, Paulson's public image has taken quite a beating. The former Goldman Sachs CEO entered September as the can-do dealmaker who seemed to have finally gotten the yearlong mortgage crisis under control. Now, after the expensive rescues of Fannie Mae, Freddie Mac and AIG, the failure of Lehman Brothers, and the painfully dramatic struggle to get a $700 billion financial bailout bill through Congress, he is a much-diminished figure. Full Story »
Posted by Derek Hawkins
Paulson's not only running out of gas, he also running out time , thank goodness. How can anyone have a set policy one evening, and less than 24 hours change the whole equation. He had the whole country thinking the government were going to help bail-out homeowners who were nearing foreclosure, he does a 24 ,decides to give the money to the banks to use at their discretion, and leaves people who are losing their houses, out in the cold.