Daily Intel: US Economy - Hank Paulson Sees Himself and Ben Bernanke As a Team of Outlaws - by Jessica Pressler
For the complete report from the New York Magazine click on this link
US Economy - Hank Paulson Sees Himself and Ben Bernanke As a Team of Outlaws - by Jessica Pressle
Joe Nocera had a long sit-down with the Treasury secretary for his book a dramatic Page One Times feature today, in which Paulson describes what was going through his mind during the early weeks of the financial crisis, as he raced from one problem to the next, trying to solve them, only to have another one appear on the horizon. “I feel like Butch Cassidy and the Sundance Kid," he told the Times. "Who are these guys that just keep coming?" Paulson is super-pleased with this analogy, you can tell. Like when he describes how Ben Bernanke asks him to go ask Congress for help, "it's just like when Butch, the thoughtful one played by Paul Newman, comes up with the idea for the two of them to go to Bolivia because there's gold there", he says.
See? They are partners till the death. Just like B&S! Only: no. No, no. No. This is basically like the worst metaphor ever for Paulson to have used. Not only were Butch Cassidy and the Sundance Kid robbers — immoral, lawless, murdering robbers — they were feckless robbers. They had no idea what they were doing! But maybe Bernanke and Paulson also identified with that:
Labels: Ben Bernanke, Hank Paulson, US Economy
