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: 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.


Anonymous said...

Geez IA...

If your firm had paid Secretary Paulson $500 million dollars over the years he MIGHT have called you too.

Goldman Sachs pays the fees... Government Sachs gets the calls... it's easy don't you see?

Independent Accountant said...

You don't really believe Paulson's making $600 million over the years at GSG had anything to do with his actions, do you? How cynical can you get?