Quotes of the Day: Hank Paulson Edition


From Newsweek’s summary of Hank Paulson’s upcoming memoir, which recounts his days running the Treasury Department during the great financial meltdown of 2008:

Paulson delivers a continual and biting critique of Republicans….Kentucky Sen. Jim Bunning is a “cantankerous conservative” (page 275). Meetings with Senate Republicans were “a complete waste of time for us, when time was more precious than anything” (page 275). Ideas that Republicans do add are “unformed,” like Virginia Rep. Eric Cantor’s plan to replace TARP with an insurance program. In a rare moment of sarcasm, Paulson goes off on the minority Whip: “I got a better idea. I’m going to go with Eric Cantor’s insurance program. That’s the idea to save the day” (page 285).

This is no surprise. In his Vanity Fair interview last year, Paulson had glowing comments about Barney Frank, Nancy Pelosi, and Tim Geithner, but about his fellow Republicans he was considerably less charitable. Basically, he says they were preening, ignorant, ideologues. Imagine that.

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