Hank Paulson + Goldman Sachs = <3 4ever!!!11!
Listen, there are people that I never hang out with unless I want something.
Let's call her Pam B (very creative, right?). Why do I seduce her across the Bay to the hipster bar to hang out with me? Because I want something. Either I want her advice or to rip on her ass or to have someone to drink Racer 5 with. Whatever, the why doesn't matter, especially if we're talking about crooked pinky Hank Paulson and Lord Blankfein.
Pssst: me and Pam don't have the nation's financial system by the balls. Bottom's up, bitches.
Former U.S. Treasury Secretary Henry Paulson met privately with Goldman Sachs Group Inc.’s board in Moscow last year and kept the occasion off his official calendar, according to a new book about the financial crisis.
Paulson, who was chief executive officer of Goldman Sachs before taking the Treasury post in 2006, arranged the meeting when he realized he’d be in the Russian city on business at the same time as the New York-based firm’s board was meeting there, according to Andrew Ross Sorkin’s“Too Big to Fail.”
In his almost two years leading the Treasury Department, Paulson had only had one other private event with a company’s board, attending a cocktail party hosted by BlackRock Inc., according to the book. The meeting with Goldman’s board in late June 2008 was deemed a “social event” to ensure it didn’t violate U.S. government ethics rules, the book said. Still, Paulson aide Jim Wilkinson asked John Rogers, the firm’s chief of staff, to keep the plans quiet, the book says.
In the meeting at the Moscow Marriott Grand Hotel, Paulson shared stories about his experience at Treasury and gave the Goldman Sachs directors his views on the economy, the book says. When they questioned him about the possibility that Lehman Brothers Holdings Inc. or another bank could fail, Paulson talked about the need for the government to gain the power to wind down troubled financial firms, the book says. He concluded by saying that while there could be tough times ahead, he thought the worst might be over by year end, the book says.
Goldman Sachs CEO Lloyd Blankfein told a director of the firm the next day that he didn’t know why Paulson would say that, adding “it can only get worse,” the book recounts.
Yeah and I never have any idea what me and Pam talked about the following day either. Funny how that works.