{"id":300442,"date":"2010-02-09T15:47:22","date_gmt":"2010-02-09T20:47:22","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/09\/paulson-im-not-a-great-investor\/"},"modified":"2010-02-09T15:47:22","modified_gmt":"2010-02-09T20:47:22","slug":"paulson-%e2%80%98i%e2%80%99m-not-a-great-investor%e2%80%99","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/300442","title":{"rendered":"Paulson: \u2018I\u2019m Not A Great Investor\u2019"},"content":{"rendered":"

Former Treasury Secretary Henry Paulson<\/strong> got down on bended knee in front of House Speaker Nancy Pelosi to \u0093break the tension and to get a smile or laughter\u0094 during the darkest days of the financial crisis but said \u0093it didn\u0092t really have its desired effect.\u0094<\/p>\n

Paulson, in a wide-ranging interview conducted by billionaire investor Warren Buffett<\/strong>, recounted a key meeting last fall between balky Republican and Democratic lawmakers — including Pelosi and then-presidential candidates John McCain and Barack Obama. \u0093People didn\u0092t come to physical blows but there were verbal blows,\u0094 Paulson said of the meeting, which was held to gain approval of TARP.<\/p>\n

In a session before the Omaha Chamber of Commerce<\/strong>, Paulson said Wall Street pay is \u0093out of whack,\u0094 the economy is recovering and he\u0092s keeping his money in fixed-income and money market accounts.<\/p>\n

\u0093One of the things I learned during my career is I\u0092m not a great investor,\u0094 said Paulson, the former head of Goldman Sachs Group Inc. \u0093A lot of what I have is in fixed-income markets, money markets, cash \u0085 growth equities.\u0094<\/p>\n

Paulson details his handling of the financial crisis in his new book \u0093On the Brink,\u0094 including how Obama stopped talking to him the day after the 2008 election. He made reference to that again after Buffett recounted how \u0093Obama sort of stopped talking to you\u0094 after the election.<\/p>\n

\u0093Take out the \u0091sort of\u0092,\u0094 Paulson quipped.<\/p>\n

As for what would have happened if Bank of America hadn\u0092t bought Merrill Lynch, he says Merrill \u0093wouldn\u0092t have lasted a week.\u0094<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Former Treasury Secretary Henry Paulson got down on bended knee in front of House Speaker Nancy Pelosi to \u0093break the tension and to get a smile or laughter\u0094 during the darkest days of the financial crisis but said \u0093it didn\u0092t really have its desired effect.\u0094 Paulson, in a wide-ranging interview conducted by billionaire investor Warren […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-300442","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/300442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=300442"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/300442\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=300442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=300442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=300442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}