Economics @ ITT

Hank Paulson: Once a Wanker…

Posted in economics by ittecon on September 12, 2013

…always a wanker.

In 2008, then-U.S. Treasury Secretary Hank Paulson was at the center of the storm during the worst economic crisis since the Great Depression. Today he maintains that the major actions the government took then were necessary at the time.But while Paulson believes the Troubled Asset Relief Program TARP, the bailout of insurance giant AIG and other broad measures enacted at that time were the correct actions to take, he does regret not communicating their importance more clearly.

via Hank Paulson admits second thoughts about a lot of things from financial crisis –

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