Monday, July 27, 2009

 

A look back at Paulson’s conflicted interests

When Hank Paulson agreed to become Treasury Secretary in May of 2006, he found himself in a bit of a pickle. You see, he owned about $500 million in Goldman Sachs stock, from his days as CEO of the firm. So, to avoid any appearance of a conflict of interest, government rules forced Mr. Paulson to sell all that stock. Phew! Looks like we dodged a bullet there...

Bearish News: A look back at Paulson’s conflicted interests

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