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Sunday, April 5, 2009

Henry Paulson: Rogue Treasury Trader?

Henry Paulson: Rogue Treasury Trader?: "Paulson “truly meant” to the use the $700 billion in TARP money to buy assets from the banks, not to buy shares in the banks, because he saw it as “a fundamentally bad idea to have the government involved in the ownership of banks.” He changed his mind when markets deteriorated and “he well understood that directly adding capital to the banking system provided much greater leverage.”"

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