Rat Says: When “Hank” Paulson(Sec of the Treasury) speaks about housing and mortgage financial gloom and doom you better listen up. As other big investment banks and hedge funds were/are taking big hits on their CDO portfolios, Goldman Sachs was hedged and came out smelling like a rose. Is this because they were just smarter, savvier market wizards? Doubtful….. my guess is they helped orchestrate/implement policy designed to help crash our economy. A scam this large requires complicity from government and media, we have been swindled on the largest scale imaginable but you people are glued to the Roger Clemens/Britney Spears dramas.

Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972.[7] He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.

He joined Goldman Sachs in 1974, working in the firm’s Chicago office. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of Investment Banking, then, Chief Operating Officer from December 1994 to June 1998;[8] eventually succeeding Jon Corzine (now Governor of New Jersey) as its chief executive. His compensation package, according to reports, was US$37 million in 2005, and US$16.4 million projected for 2006.[9] His net worth has been estimated at over 700 million.[9] wikipedia.org/HankPaulson

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