Henry Paulson Memoir 'On The Brink' Exclusive: Strongly Defends TARP, AIG Bailout, Praises Bush, Slams Palin
January 27, 2010
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 today's Congressional hearing, 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. 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.
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. 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.
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