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The Hammer's reputation restoration tour has begun. Broadcast yesterday morning on CBS Sunday Morning, Hank talks about his tenure as Treasury Secretary, bank bailouts, and a regulatory system that's 'still very sick.'
The reporter doesn't mention that Paulson is singularly responsible for the SEC decision in 2004 that exempted Goldman Sachs and the other 4 large investment banks from previous limits on leverage. Seems a rather salient detail to conveniently leave out of the interview.
The immense value of these clips will become apparent as you watch Paulson stutters his way through difficult answers. No miss.
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