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Can You Trust A Wall Street Veteran with A Wall Street Bailout?

President Bush speaks about the economy next to Treasury Secretary Henry Paulson in the Rose Garden of the White House, September 19, 2008. (Larry Downing/Reuters)

WASHINGTON - Making the rounds on the Sunday morning talk shows, Treasury Secretary Henry Paulson repeatedly said today's financial problems were long in the making. He should know. He was part of the Gold Rush that has brought the global financial system to the brink of collapse.

Paulson presided over one of the most profitable runs on Wall Street as chairman and chief executive officer of investment banking titan Goldman Sachs & Co. from 1999 until President Bush nominated him on May 30, 2006 to take over the Treasury Department.

Posted in Economy/Trade