Thursday, December 1, 2011

Paulson Shared Insider Information

Bloomberg News is reporting that Henry Paulson, Secretary of the Treasury during the mortgage crisis in 2008, and former CEO of Goldman Sachs, gave advance word of the Fannie Mae bailout to an elite group of hedge fund managers and Wall Street insiders during a private meeting at the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan.

This immediately after telling NY Times reporters earlier in the morning that he expected an examination of Fannie Mae's books would give a signal of confidence to the markets.

So who do you think Paulson and the others who are supposed to be overseeing the nation's financial infrastructure work for? The people or the Wall Street executives?

Read more:     Paulson Gave Hedge Funds Advance News     Richard Teitelbaum