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"It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation."
-Hank Paulson one year ago today
-Hank Paulson one year ago today
posted by The Cunning Realist at Monday, July 20, 2009
2 Comments:
Oh, the regulators are on top of it alright. Like I was on top of my girlfriend this weekend! Hay-o!
TCR,
Zero Hedge has a great clip of Paulson today. Anyway, GS is THE example of regulatory capture and it may be that we would have been better off if they failed, not Lehman (sorry, I know you worked there)...
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