I was thinking today about what Hank Paulson is up too now. So i did what anyone would do when looking for information, I googled him. Hank Paulson was the 74th Secretary of the Treasury until January 20th. To be perfectly honest, I never paid attention to who the U.S. Treasury Secretary was until this whole economic crisis hit last September. Paulson is responsible for the creation of the Troubled Assets Relief Program(TARP) which was created to buy 700 billion dollars in toxic assets from banks.
Where is Hank Paulson now?
After spending over 30 years on Wall Street, Paulson will be delving into the academic arena. Hank Paulson joined Johns Hopkins University Nitze School of Advanced International Studies (SAIS) as a visiting scholar. Paulson will be a fellow at the Bernard Schwartz Forum on Constructive Capitalism. Basically, Paulson will be working with students and faculty to study issues relating to globalization. This is interesting because we have just gone through one of the greatest breakdowns in the capital markets worldwide.
Every statement that Paulson made or event that he attended received plenty of media attention until January 20th. I find it funny that you can go from being in the media spotlight to anonymity in such a short amount of time.
Paulson has been thrust back into the spotlight with the HBO movie Too Big To Fail.
Paulson recently wrote On the Brink: Inside the Race to Stop the Collapse of the Global Financial. In this book, Paulson done his best to describe his actions to address the systemic crisis. He shows his thinking behind the decisions that he made during that time and explains the reasons for the bailout of the financial system.
The man himself may go from being in the media spotlight to anonymity in the blink of an eye. Sadly, the TARP he pulled over everyone’s eyes will still be there for many years to come.
@Kevin in Tennessee
LOL. Good Point.
Well said Kevin, it seems as if these guys can just slink in and out of the private sector and public office while putting millions in their pockets. The people of the U.S. are too distracted even to notice when they are being fleeced.
What can we do?
Well said Kevin, but what can we do? It seems as if the American people are too distracted to know when they are being fleeced.
WELL! Let me tell you one thing he’s doing: He’s funding his son’s (Merritt Paulson) little pastime into AAA baseball in Beaverton, Oregon, complete with GOLDMAN SACHS’ HENCHMEN, WORKING THE DEAL. AND GOOD ‘OLE HANK IS 20% PARTNER!!! HE GAVE MERRITT $50 MILLION to BUY Shortstop, LLC (limited partnership so they can’t be sued personally for ripping off Beaverton). THAT IS WHAT HANK PAULSON IS DOING WITH THE MONEY HE DRAINED FROM THE U.S. TREASURY AND THE RETIREMENT MONEY, AND FORECLOSED HOMES OF INVESTORS.
NOTE: Portland told Merritt Paulson (and his dad, Hank) to go fly a kite, so now he’s trying to rip off nearby Beaverton through its mayor and city council who are fighting against letting taxpayers VOTE on being ripped off.
@Always Ask WHY
Wow I didn’t know this was happening. Thanks for the update.