Several weeks ago,1 former Wall Street big shot and Treasury Sec Henry Paulson held forth on the urgent need for action on climate change, predicting “a future with more severe storms, deeper droughts, longer fire seasons and rising seas that imperil coastal cities” if we, and the rest of the world, fail to take dramatic…
Tag: Henry Paulson
Trust me, I hate this as much as you do, which is why you’ve got to trust me
It’s time for Democrats to wake up and tell Henry Paulson to go to hell. At first blush, Democrats in Congress, particularly House Speaker Nancy Pelosi, seemed quite ready to go along with Paulson’s request for a $700 billion bailout for Wall Street for three reasons: 1) Most of them don’t know shit about economics;…
Getcher Red Hot Economic Analysis Here!
I don’t know anything about economics, but I know what I like, and what I like is Naked Capitalism’s analysis of the Paulson plan. The long story short of NC’s analysis is that the financial system is, um, fucked up because housing prices became grossly inflated. Stability won’t return until housing prices fall to the…