(Original source Bloomberg)
“Henry Paulson turned down one of the highest posts in the U.S. government — Secretary of the Treasury — three times before he realized what was holding him back. “I just realized that it was fear of failure,” he said during a recent discussion with Stanford Graduate School of Business students. “And as soon as I realized that, I said, ‘Well, I’m not going to give into that,’ and I accepted.”
It turned out there was something to be afraid of: Two years after he was confirmed by the Senate, the mortgage market imploded and threatened to take down the rest of the banking system. Paulson played a key role in engineering the controversial bailout of investment bank and brokerage firm Bear Stearns and government loan institutions Freddie Mac and Fannie Mae, and the creation of the Troubled Asset Relief Program, commonly known as TARP.”
Click here to read more
Anders Fogh Rasmussen: An alliance of democracies with India at its core
Europe and India need a more practical relationship; together, Europe, India and the United States can be unstoppable. By: Anders Fogh Rasmussen In the minutes…
Thought Leader: Anders Fogh Rasmussen
In Conversation with David Frum: Trump’s growing threats to Canada
Political analyst David Frum joins Sean Speer on The Hub Canada to discuss the current state of Canadian politics. To host Frum for a speaking opportunity, contact WWSG.
Thought Leader: David Frum
Anderson Cooper: At Least 24 Dead In LA Wildfires
Anderson Cooper brings you highlights from CNN’s premier nightly news program AC360. At least 24 people have died in the wildfires that have ravaged Los Angeles County, and…
Thought Leader: Anderson Cooper
Hank Paulson: The Demand for AI
Thought Leader: Hank Paulson
Paulson proposes four tests for ‘pragmatic’ China policy
Thought Leader: Hank Paulson
Episode 90: Melissa Kearney
Thought Leader: Hank Paulson
