Word: paulson
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...Carl Paulson, LEWISTON, IDAHO...
...then get out of its way. But he's not an absolutist when it comes to government meddling in the markets. Though he denounces the bailout of Detroit carmakers, Romney is a backer of TARP, though he couches his position with a caveat that protects his right flank. "Secretary Paulson's TARP prevented a systemic collapse of the national financial system," he writes. "Secretary Geithner's TARP became an opaque, heavy-handed, expensive slush fund. It should be shut down." (See a stimulus report card...
Kennedy School student Sebastian M. Litta asked whether Paulson thought that the greed of both bankers and ordinary people would eventually go away or whether greed would cause another financial crisis...
...Paulson responded that while editing his memoir—“On the Brink: Inside the Race to Stop the Collapse of the Global Financial System”—he had changed the word “greed” to “profit motive.” According to Paulson, this desire for profit would not dissipate, which is why regulatory systems are necessary...
...Alexandru Chivescu ’13 said that he wished Paulson would have discussed more explanation for some of Paulson’s decisions...