{"id":304,"date":"2008-09-29T14:53:25","date_gmt":"2008-09-29T19:53:25","guid":{"rendered":"http:\/\/www.noiselabs.com\/blog\/?p=304"},"modified":"2008-09-29T14:53:25","modified_gmt":"2008-09-29T19:53:25","slug":"more-of-hank-paulsons-brilliant-insights","status":"publish","type":"post","link":"http:\/\/www.noiselabs.com\/blog\/2008\/09\/29\/more-of-hank-paulsons-brilliant-insights\/","title":{"rendered":"More of Hank Paulson’s Brilliant Insights"},"content":{"rendered":"

\"Hank<\/p>\n

From Hank’s Wikipedia entry<\/a>:<\/p>\n

In Spring 2007, Secretaty Paulson told an audience at the Shanghai Futures Exchange that “An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.” [Bloomberg News<\/a>]<\/p>\n

In August 2007, Secretary Paulson explained that U.S. subprime mortgage fallout remained largely contained due to the strongest global economy in decades. [Boston Globe<\/i><\/a>]<\/p>\n

On July 20, 2008, after the failure of Indymac Bank, Paulson reassured the public by saying, \u201cit’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.\u201d [CBS News<\/a>]<\/p>\n

On August 10, 2008, Secretary Paulson told NBC\u2019s Meet the Press that he had no plans to inject any capital into Fannie Mae or Freddie Mac.[Bloomberg News<\/a>] On September 7, 2008, both Fannie Mae and Freddie Mac went into conservatorship.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From Hank’s Wikipedia entry: In Spring 2007, Secretaty Paulson told an audience at the Shanghai Futures Exchange that “An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.” [Bloomberg News] In August 2007, Secretary Paulson explained that U.S. subprime mortgage […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,183,4,203,199],"tags":[423,422,418],"_links":{"self":[{"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/posts\/304"}],"collection":[{"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/comments?post=304"}],"version-history":[{"count":0,"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/posts\/304\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/media?parent=304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/categories?post=304"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.noiselabs.com\/blog\/wp-json\/wp\/v2\/tags?post=304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}