Former Treasury Secretary Henry Paulson Redefines Chutzpah* (Again) “I believe that the root cause of every financial crisis, the root cause, is flawed government policies.” — Henry Paulson –Andrew Ross Sorkin, “Five Years After TARP, Misgivings on Bonuses“; The New York Times (8/26/2013) Surprise, surprise, Henry Paulson exonerates himself and the banking industry generally for its role...Read More
“It Depends on What the Definition of ‘Is,’ Is” Too much risk is just as bad [as too little]. Just ask the financial wizards at American International Group who ended up on the wrong side of tens of billions of dollars in financial contracts, almost bringing down the world’s biggest insurer. –Andrew Ross Sorkin, “Taking...Read More
