Hank Paulson: 'I Had To Pinch Myself Over Fannie'

Hank Paulson is back.  Keep an eye on your wallet.

Short clip from an interview with Judy Woodruff to be broadcast tonight on Bloomberg.

Henry Paulson "pinched himself" over Fannie Mae profit

"I could hardly believe what I was reading.  I had to pinch myself at first.  When housing recovers, of course they’re going to make more money, and that’s a good thing now, because the government losses will end being – or the taxpayer losses will be less than projected."

Further reading:

Paulson Says Fannie Mae’s Profits Shouldn’t Deter Overhaul

Paulson Urges Revamp of Entitlements Along With Tax Code

---

Flashback

Paulson on bailing out Fannie and Freddie.

Comments

[DailyBail]

« Simon Johnson Reviews Henry Paulson's Memoir »

http://dailybail.com/headlines/simon-johnson-reviews-henry-paulsons-memoir.html

[DailyBail]

Paulson Says Russia Urged China to Dump Fannie, Freddie Bonds

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afbSjYv3v814

Jan. 29 (Bloomberg) -- Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said. Paulson learned of the “disruptive scheme” while attending the Beijing Summer Olympics, according to his memoir, “On The Brink.”

The Russians made a “top-level approach” to the Chinese “that together they might sell big chunks of their GSE holdings to force the U.S. to use its emergency authorities to prop up these companies,” Paulson said, referring to the acronym for government sponsored entities. The Chinese declined, he said.

[DailyBail]

Back From The Brink: Henry Paulson CBS Interview

http://www.cbsnews.com/stories/2010/01/31/sunday/main6159822.shtml

Transcript

[Yakima Canutt]

There goes the face of a man being eaten from the inside.
Did the guilt and shame get to you Hank?

[ponomo]

Paulson should be imprisoned yesterday---what a pos!