BP Editors
Former Treasury Secretary and former CEO of Goldman Sachs, Henry Paulson, is among an elite group of fat cats who have become incredibly wealthy through shady and outright corrupt business and political practices. Alternet reports that while serving as Treasury Secretary, “Paulson personally approved a direct $10 billion capital injection into his former firm.” In that same article, they note that Paulson “held a secret meeting in Moscow with Goldman’s board of directors, where they discussed economic prognostications, market conditions and Treasury rescue plans.” Paulson also reportedly tipped off his old company about the impending failure of Fannie Mae and Freddie Mac nearly two months before it happened. It boggles the mind that such blatant corruption is practiced so brazenly in the halls of power, but then again — it explains a lot about the country’s current economic situation.
