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.