Hank Paulson Trusts Neither Wall Street Nor Washington

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By Larry Doyle on February 6, 2014

Do you ever wonder if those who ‘find religion’ late in life so to speak are trying to conveniently cleanse their souls before making their way to the pearly gates?

I think in the case of public officials, it is fair to ask if the ‘cleansing process’ is done for purposes of resurrecting an image or if the individual is truly engaging in a meaningful transformation. Continue reading

Washington Post: Lawmakers reworked financial portfolios after talks with Fed, Treasury officials

Washington, D.C. is a town that runs on inside information – but should our elected officials be able to use that information to pad their own pockets?

By , David S. Fallis and Dan Keating, Published: June 24, 2012

“In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial average had lost more than 2,000 points in less than three months. House Minority Leader John A. Boehner became the Bush administration’s point person on Capitol Hill to negotiate a $150 billion stimulus package. In the days that followed, Treasury Secretary Henry M. Paulson Jr. made frequent phone calls and visits to Boehner. Neither Paulson nor Boehner would publicly discuss the progress of their negotiations to shore up the nation’s financial portfolio.

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