HANK PAULSON TELLS US SOMETHING WE ALREADY KNEW

From a review of On the Brink: Inside the Race to Stop the Collapse of the Global Financial System by Henry M. Paulson, Jr.:

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).