Paulson’s comment: “I believe in markets. I also believe that there is a role for government. Raw capitalism is a dead end. I’ve seen it.”
Paulson played a leading role in the global fight against the Credit Freeze. Perhaps the toughest job on the planet, Paulson was officially appointed as Treasury Secretary July 10, 2006.
(born March 28, 1946) is the United States Treasury Secretary and member of the nternational Monetary Fund Board of Governors. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.
Not only is King Henry the chief salesman for Reaganomics and the archconservative Bush administration, he's worth $800 million -PAUL B. FARRELL.
Marketwatch 3/13/07: Paulson also said the fallout in subprime mortgages is "going to be painful to some lenders, but it is largely contained."
Reuters 4/20/07: "I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained."
Bloomberg 5/22/07: Paulson, also speaking to CNBC, said the housing slump was ``largely contained'' and that market's correction was mostly ``behind us.''
Bloomberg 6/20/07: Subprime fallout ``will not affect the economy overall.''
Forbes 7/27/07: Appearing on CNBC with other members of the Bush administration's economic team, he again said mortgage industry problems would be 'largely contained.'
Boston.com 8/1/07: Paulson added that he did not see anything that caused him to reconsider his view that the economic damage from the housing correction was "largely contained.
Many in the global press are calling him "King Henry." Henry's now the biggest power-player in the world. If he pulls this hat trick off, history will put him on par with J. Pierpont Morgan, who rescued the U.S. government twice, from the 1895 depression and the 1907 financial crisis. No wonder he's now the de facto president as well as CEO and "Chief Securities Analyst" for the "New America Corporation."
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