Feb 09, 2010 By Henry M. From 'On the Brink' Chapter 1 Thursday, September 4, 2008 Do they know it’s coming, Hank?” President Bush asked me. Jan 27, 2010 In his new book, former Treasury Secretary Henry Paulson strongly defends the massive bailout of Wall Street financial firms, including the controversial. Jan 14, 2010 ON THE BRINK: Inside the Race to Stop the Collapse of the Global Financial System by Henry M. Paulson, Jr., Business Plus, Hachette Book Group, 2010 Reviewed by Bill Breakstone, Somers, NY, May 22, 2010 This is more or less the 12th book I’ve read about the Financial Crisis of 2007—2009. Mar 18, 2010 ON THE BRINK. Inside the Race to Stop the Collapse of the Global Financial System. Business Plus/Grand.

In his new book, former Treasury Secretary Henry Paulson strongly defends the massive bailout of Wall Street financial firms, including the controversial decision to rescue AIG -- though he neglects to describe the controversial counterparty payments that are the subject of, where Paulson is set to testify. Paulson depicts himself in the largely self-serving book as a strong believer in free markets who was forced to make tough decisions to help the country get through the worst recession since the Great Depression. Driver Acer Q65h2. When he left office, 'I knew that we had succeeded in averting the collapse of the system,' he writes in 'On the Brink,' a copy of which was obtained by Huffington Post. When the former Goldman Sachs chairman took the position at Treasury in 2006, he vowed to avoid any substantive interaction with Goldman executives for his entire term. But he reveals that months before he received an ethics waiver to conduct discussions with his former firm, he talked to his successor, Goldman chairman Lloyd Blankfein, several times to discuss the firm's concerns. Once, Blankfein even called Paulson at his home. On Saturday, March 15, 2008, six months before Paulson received his waiver on September 17: The first call I received was from Lloyd Blankfein, my successor as Goldman Sachs CEO.

It was as unnerving as it was unexpected, It was the first, and only, time Lloyd called me at home while I was at Treasury. Lloyd went over the market situation with me, providing a typically analytical and extraordinarily comprehensive overview, but I could hear the fear in his voice. His conclusion was apocalyptic. Paulson also describes how closely he worked with then-presidential candidate Barack Obama to discuss Treasury's actions, sometimes speaking several times a day during the fall of 2008. He also reveals that he carefully coordinated public perception of the controversial bailout with both Obama and Republican candidate John McCain, convincing them to avoid making overly critical comments about the bailout. Though he praises Obama for being 'well-informed' and depicts him in a flattering light compared to McCain, he also says that politics was 'always' at play -- 'the day after the election, Obama abruptly stopped talking to me.'

And he takes a shot at Sarah Palin, describing how McCain excitedly put her on the phone with Paulson. Palin annoyed Paulson by continually calling him 'Hank' and did not seem knowledgeable of the issues: Right away she started calling me Hank. But for some reason, the way she said it over the phone like that, even though we'd never met, rubbed me the wrong way. I'm also not sure she grasped the full dimensions of the situation I had sketched out - or so some of her comments made me think. How To Patch Ups Gba Roms.