By Krishna Guha in WashingtonPublished: January 31 2010 19:59 | Last updated: January 31 2010 19:59
Hank Paulson feared there would be a run on the dollar during the early phase of the financial crisis when global concerns were focused on the US, the former Treasury secretary has told the Financial Times.“It was a real concern,” Mr Paulson said in an interview ahead of the release on Monday of his memoir On the Brink. A dollar collapse “would have been catastrophic,” he said. “Everything that could go bad did not go bad. We never had the big dislocation of the dollar.
We owe it all to Hank and his henchmen. I read this article and I still have no idea what exactly he saved us from. He did save his bankster buddies that made bad loans with the Taxpayer's money.QB
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