Thursday, October 2, 2008

Henry Paulson

When Henry Paulson accepted the post of Treasury Secretary of the United States in 2006, he probably thought all he will be doing, with 2 years left in George W. Bush's presidency, was shake hands, cut ribbons, sign reports, hobnob with other government finance type.

Then in 2007 sub-prime mortgage had a meltdown.

Then in 2008 the whole American financial system appears to be on the verge of imploding.

Ah well... so much for coasting to the finish line.