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« Shares Of Fannie And Freddie Up 1300% And STILL Rising | Main | UPDATE: Daily Bail To Resume Normal Publishing Today »

Paulson: 'We Had No Choice'


Harry Smith interviews Paulson starting at 1:55.  Relive some history.

The $200 billion bailout of Freddie Mac and Fannie Mae is intended to keep the economy from collapse.  Harry Smith talks to U.S. Treasury Secretary Henry Paulson.

Braodcast on CBS, Sep. 8 2008.


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



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Reader Comments (32)

Wowzer. I had forgotten what an idiot Paulson is. Thanks for the reminder!
Apr 6, 2013 at 9:25 PM | Unregistered CommenterDr. Pitchfork
Doesn't it seem like the whole bailout was PLANNED in order to enrich Goldman Sachs?
Apr 7, 2013 at 11:55 AM | Unregistered CommenterAnn
It's a common misconception and yet it might seem that way at times from the outside, but Goldman has actually been hurt greatly by the crisis. They had to beg Warren Buffett for $10 billion and they paid heavily for it. New regulations, as a result of the crisis, have hurt their outlook. The Volcker Rule is not a good outcome for GS. Their stock still hasn't gotten back to pre-crisis levels.
Apr 7, 2013 at 11:21 PM | Unregistered CommenterDailyBail
Sit and eat cookies all day and soon enough, the jar will be empty. Only a young child does not understand the tummy ache. Business, jobs and tax base go bye-bye to free labor resources, the same outcome should have been and was expected. Comprende? The Big Enchilada could fill you in.
Apr 8, 2013 at 2:20 AM | Unregistered CommenterHoward T. Lewis III
Paulson sure does blink an awful lot here. Never noticed that about him before. Will have to see other interviews and determine if this is some sort of idiosyncracy or some sort of poker play.
Apr 8, 2013 at 2:07 PM | Unregistered CommenterSKINFLINT
Jun 17, 2013 at 10:25 PM | Unregistered CommenterSKINFLINT
Bill Black. There is a podcast in this link. Have not listened to this yet. Runs47 mins. However there is a podcast with Ratifan when he had his show. Really good listen. Black describes the dems who excoriated him during his time as a white hat.http://www.zerohedge.com/news/2013-07-14/bill-black-banks-have-blood-their-hands
Jul 14, 2013 at 8:50 PM | Unregistered CommenterSKINFLINT
More chicanery. We pay so they don't have to.
Jul 15, 2013 at 7:28 AM | Unregistered CommenterSKINFLINT
Just listened to Black''s piece. He seems to be a mixed bag here. Lauds the Fed for saving the Swiss banks, while carping them at the same time. I would more agree with Stockman. Anyway he reaffirms the whole lawless nature of the financial industry and also makes the observation that retail investors have pretty much exited the markets. Now thaere is a revelation.
Jul 17, 2013 at 10:37 AM | Unregistered CommenterSKINFLINT
This is a backup piece to Jacob Lew article . The fleecing of NYU students while faculty members receive forgiveness for loans for vacation homes and set up universities in areas where human rights violations are in question. I wonder if this takes place in other college systems as well. http://wallstreetonparade.com/2013/07/the-battle-to-save-new-york-university-intensifies/
Jul 17, 2013 at 12:09 PM | Unregistered CommenterSKINFLINT
Jul 26, 2013 at 10:20 AM | Unregistered CommenterSKINFLINT
http://lootinc.org/cases. Ladies and Gentleman. Here are some case studies provided by Columbia U to aid teachers in teaching financial literacy to their students. If, after reading this you feel that there is something amiss in the way schools are being run, you would be correct. This explains why in grim detail as to how this has come about. http://mhkeehn.tripod.com/ughoae.pdf#page95. Absolutely stunning and shocking in its breadth and detail, I will guarantee you there is something for everyone here. Why is it that some of our greatest statesmen this country has ever known were uneducated? Washington, Lincoln etc. the answers are here and if you have kids in public schools, well then you had better get busy to bring them back. Ron Paul talks about money, education is first and foremost!!!
Aug 5, 2013 at 4:52 PM | Unregistered CommenterSKINFLINT
http://m.nakedcapitalism.com/nakedcapitalism/#!/entry/david-dayen-jack-lew-shows-his-true-colors-by-forcing,52282d9787443d6c8e5cc884. This article suggests that Gensler has seen the light and tried to force Lews hand, which backfired. Gensler had to relent and back off his position while probably shooting himself in the foot. Gensler is a Goldman alumni, so I will reserve judgement. Pew is of course recipient of an interest free, no, forgiven loan for a house he received as a gift from the students of NYU.
Sep 5, 2013 at 7:22 AM | Unregistered CommenterSKINFLINT
Everyone has a sell out price. EVERYONE!!!! http://newday.blogs.cnn.com/
Sep 10, 2013 at 7:53 AM | Unregistered CommenterSKINFLINT
TRANSFERRING THE ENTIRE DEBT TO THE AMERICAN TAXPAYER???.... yeah, should have been a vote on that one...
Oct 25, 2013 at 10:34 AM | Unregistered Commenterauntie social
http://www.politicalforum.com/showthread.php?t=341355. Bankers are offing themselves here of late. Don't know if there is a connection. ZH the comments there seem to think a link. Three in Europe one inUS. Three linked to JP. One was a douche, Ed, I mean, Deutshe.
Feb 1, 2014 at 2:06 PM | Unregistered CommenterSKINFLINT
http://www.zerohedge.com/news/2014-02-26/presenting-1-financial-haven-dictators-criminals. Who knew? However with Eric Holder still at the helm, it's business as usual. Nothing to see here, so please move along.
Feb 27, 2014 at 2:31 AM | Unregistered CommenterSKINFLINT
http://www.zerohedge.com/news/2014-02-25/here-fts-gold-price-manipulation-article-was-removed. There is not one thing that these criminals haven't done to cause great pain and suffering. They game everything like Vegas. Except they make Vegas look paltry by any imaginable stretch of credulity. I can't sleep at nights half the time thinking about all this crap what with children at home. Of course nothing will come of this. Just recently watched Inside Job again and really just a huge laugh riot. The guy won an Oscar for his efforts, but so did what's his name? Jason Bourne? Won a crystal chalice at the confab in Switzerland for helping poor folks get drinking water. I digress.
Feb 27, 2014 at 2:46 AM | Unregistered CommenterSKINFLINT
http://www.ft.com/intl/cms/s/0/615c29ba-a614-11e3-8a2a-00144feab7de.html#axzz2vNzKObgM. Attack infrastructure weed out individuals, create havoc on both sides. That's how it's done and coming to a place near you.
Mar 8, 2014 at 10:43 AM | Unregistered CommenterSKINFLINT
Mar 19, 2014 at 7:46 PM | Unregistered CommenterSKINFLINT
This is where we came in. Hank forces BOA to purchase these two turds. Gives them billions in tax payer monies to help Lewis swallow the medicine. So here we are with this, billion in fines and STILL no jail time. Guys it's been interesting watching this thing wind down. Hope all is well. Will see you all sometime I am sure.http://www.usatoday.com/story/money/business/2014/08/21/bank-of-america-settlement-announced/14379775/
Aug 21, 2014 at 6:29 PM | Unregistered CommenterSKINFLINT
This is completely contemptable on so many levels it just really flies in the face of all that was good in this country at one time. Completely bizarre.http://www.dailykos.com/story/2014/11/18/1345740/-Tiny-home-village-for-homeless-opens-in-Wisconsin#
Nov 18, 2014 at 2:46 PM | Unregistered Commenterskinflint

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