Monday, August 24, 2009
Henry Paulson as Joe McCarthy
Yves Smith (YS) has a 9 August 2009 post at her Naked Capitalism referring to a NYT article about Henry Paulson (HP) and his contacts with his "former" firm, Goldman Sachs in September 2008. YS saved me the trouble of writing about this, thanks, link: http://www.nakedcapitalism.com/2009/08/quelle-surprise-hank-paulson-and.html. In reading about HP I thought of what Joseph Welch said to Joe McCarthy on 9 June 1954 at the Senate hearings, "You have done enough. Have you no sense of decency, sir? At long last, have you no sense of decency?" I'll answer for HP and Lloyd Blankfein (LB), none at all. For the record, HP never called me for advice with respect to what to do for or to the financial services industry. I guess I am not as important as LB.