A Few Quotes from Henry Paulson

[slipslidingaway]

http://www.fiendbear.com/marketre.html


A few quotes below, see link for others. Warren Buffet praised Paulson this morning, but I really do not know why.

:shrug:


March 13, 2007

going to be painful to some lenders, but it is
largely contained."


April 20, 2007

"All the signs I look at" show the housing market is at or near the bottom. The U.S.
economy is very healthy and robust."


May 16, 2008

"We are still working through housing and capital markets issues, and expect to be
doing so for some time. We also expect to see a faster pace of economic growth before
the end of the year."

"We are seeing signs of progress as capital and credit markets stabilize. The markets
are considerably calmer now than they were in March."

"Some bumps in the road" are likely, especially in the housing sector, but we are
closer to the end of the market turmoil than the beginning."

[jtrockville]

1. So, he couldn't see the problem, but he's the right guy to fix it?

And we should just hand him close to 1 trillion USD with no questions asked?

I hope he kisses me. I hate to get screwed without being kissed.

[slipslidingaway]

2. Exactly and half these people should be gone. n/t