Clearly I have no future in government or finance
"In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades. [22]
On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.” [23]
On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac."
Yet instead of being the laughing stock of the entire financial world,
Paulson is soon likely to be charged with managing $700 billion.
Wouldn't it be more reasonable to have expected he would have resigned
and fled the country with an angry mob at his heels?
On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, “it's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.” [23]
On August 10, 2008, Secretary Paulson told NBC’s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac."
Yet instead of being the laughing stock of the entire financial world,
Paulson is soon likely to be charged with managing $700 billion.
Wouldn't it be more reasonable to have expected he would have resigned
and fled the country with an angry mob at his heels?