Paulson: My close ties with Wall Street were 'a huge help'

[katty]

more: http://rawstory.com/2010/02/paulson-being-close-to-wall-street/

EXCERPT:

But in an interview with CNN's Christine Romans Wednesday, Geithner's predecessor Henry Paulson shone some light upon why he deemed his close ties to Wall Street valuable.

"In hindsight it was a huge help," Paulson said, when asked of his own history as former CEO of Wall Street giant Goldman Sachs.


"One of the things I brought to the table was understanding markets, understanding what was going on at the different financial institutions," he continued. "And also, the fact that I've been a CEO helped me when it came to the decision-making process. I needed to be talking to the heads of all of the major firms."

[truedelphi]

1. Boy, we middle incomed folks are so glad that

Paulson was bringing all that wisdom related to his "understanding the markets, understanding what was going on at the different financial institutions. And also, the fact that I've been a CEO" to the nation's economic table.

Just think what our economy would be like now if this Goldman Sachs-affiliated character was clueless!

[CountAllVotes]

3. isn't that the truth

gee I wonder where we'd all be right now without the likes of Hank Paulson! :grr: :argh:

:kick:

[DrDan]

2. ". . . were a huge help . . . to Wall Street"

[katty]

4. right! that should have been the tag line

[polichick]

5. LOL - who does this guy think he's kidding?! nt

[izquierdista]

6. To whom, Hank???