…sheet vehicles and money market funds as credit providers isn’t a sufficient answer either–it relies on banking but is unwilling to pay the costs. Gordon says that Bernanke and Paulson…

…thing not working, and Paulson isn’t even pretending it was intended to work as advertised, isn’t it time to pull the plug? Shouldn’t the President-elect be out there, demanding an…

…seems afraid to do anything except plead.” And sure enough, the banks seem to be hoarding the cash…. Events have forced Mr. Paulson into a partial nationalization of the financial…

…But it probably won’t do until Paulson is replaced. The rest of this post can now be read as an explanation of why that last sentence is true. The book…

…here’s the high-level list of reasons: It wasn’t going to authorize the whole $700B, but about$250B, with renewal (or scrapping) to follow. (That Henry Paulson was an idiot in his…

…have voted down the Paulson-Dodd-Frank bailout bill. The contingent consensus of the Left Blogosphere seems to have been to go for the Swedish solution if the Paulson solution is rejected…

…Republicans) has already committed billions of dollars over the past six months. Maybe $900,000,000,000. During the entire time of which, Mr. Paulson was (1) certain the crisis was over and…

…buy all of the associated derivative contracts, one side of which may—by that simple—become worthless or become payable?” This is precisely what really scares me about Paulson’s description of the…

We know who’s smart and who’s not. It isn’t Secretary Paulson, who’s been speaking platitudes about a “strong dollar policy” for his entire term. Now China, main beneficiary of its…

…. . . Goldman Sachs. McDonald and Paulson’s analysis showed that there was more to the problem than just the credit default swaps. Securities lending lost the company a massive…