Born –March 28, 1946
Education- Dartmouth (BA) Harvard (MBA)
Previous Job- Secretary of Treasury 2006-2008
Current Job: Professor John’s Hopkins
Political Party- Republican
On October 28, 2008 Treasury Secretary Hank Paulson started the Troubled Asset Relief Program's Capital Purchase Program. Rockefeller's JPMorgan Chase bank was among the eight large U.S. banks to receive the Treasury Department's initial round of capital investments and received $25 billion of TARP funds.
Paulson is yet another former Goldman Sachs CEO who becomes a key government regulator of the banking industry. It would make sense why Paulson basically threatened and intimidated every honest banker and congressman to go along with his proposed TARP program. This program benefited his elitist cronies and their powerful private banking interests, such as guess who, Goldman Sachs. They walked away with untold billions. Goldman Sachs was also one of the big creditors to AIG, which Paulson and crew "bailed out". So you have to ask yourself, by bailing out AIG weren't we really bailing out Goldman? Not according to Paulson and the spin doctors who would have us Americans believe there was no conflict of interest and that Mr. Sec. Treasury Paulson was only doing what was right and good for us average Americans. Forty eight hours after promising Congress he would bail out American Main Street, Paulson showed his real fangs and told Congress he was reversing his decision and not going to tell us where all our taxpayer money was going. We all know where it went, Hank. Someday he may answer for his deception. Hank is just what he looks like, a fox who got into the hen house and devoured a bunch of trusting hens. What else can you expect from a fox.
Key Quote: "It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.” July 2008