Can Hank Paulson Defuse This Crisis?

Can Hank Paulson Defuse This Crisis?
J. Scott Applewhite/Associated Press

As the Bush administration’s third Treasury secretary, Henry M. Paulson Jr. has faced a brutal series of crises on Wall Street and in Washington that have sparked fiercely partisan debates.

By STEVEN R. WEISMAN and JENNY ANDERSON
Published: July 27, 2008

IF Henry M. Paulson Jr. hadn’t left Wall Street for Washington to become Treasury secretary in 2006, he would still be making tens of millions of dollars a year as the chairman of Goldman Sachs. He would be comfortably zipping around the globe on a corporate jet. He would be presiding over the only big Wall Street firm that hasn’t lost billions on bad debt.

http://www.nytimes.com/2008/07/27/business/economy/27hank.html