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You seem to confuse Hank Paulson, former CEO of Goldman Sachs and Secretary of Treasury under Bush with John Paulson a hedge fund manager who made tons of money betting on the collapse of the real estate markets and the banks.

They are two different people.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Feb 12th, 2010 at 10:35:50 AM EST
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I'm not confusing them.

It's Henry Paulson who was involved with Greece, and it's his pals at GS who have been involved with the current speculation.

by Upstate NY on Fri Feb 12th, 2010 at 10:42:32 AM EST
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Darn, just when I thought I was starting to understand things.

I gather then that Greece has found itself between the rock that is Henry Paulson and his GS and the hard place that is Brussels and its Washington Consensus-lite.  But you're not going so far as to say that Paulson/GS are trying to make Greek lemonade in coordination with the EU, are you?

The march of civilizations is a series of defenses that man has put up against the dread of pure existence.

by marco on Fri Feb 12th, 2010 at 11:09:52 AM EST
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No, the two sides are opposed (EU and GS).
by Upstate NY on Fri Feb 12th, 2010 at 11:42:33 AM EST
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well, one could say that a few years back, GS provided a valuable service to Greece in helping it massage its deficit figures and qualify for the euro. Today, their role seems more ambiguous, if not downright hostile, but it's hard to know exactly what they are doing.

That said, I don't think Hank Paulson has any involvement with Goldman Sachs today, so that's where you got me confused.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Feb 12th, 2010 at 12:26:13 PM EST
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I admit that in much of my frothing I've been writing quickly without following a timeline.

The fact that he headed GS and then held considerable power during a financial meltdown, during which he supported his former company, and then after his former company continued on without contrition in their attitudes and maneuvers...well, sometimes this causes me to lose my mind.

by Upstate NY on Fri Feb 12th, 2010 at 12:29:39 PM EST
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