Feb 10, 2010
Video: Warren Buffett and Hank Paulson
Former Treasury Secretary Hank Paulson has a new book coming out, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System, which looks like an interesting account of what happened from his perspective. As Paulson describes:
The pace of events during the financial crisis of 2008 was truly breathtaking. In this book, I have done my best to describe my actions and the thinking behind them during that time, and to convey the breakneck speed at which events were happening all around us.
I believe the most important part of this story is the way Ben Bernanke, Tim Geithner, and I worked as a team through the worst financial crisis since the Great Depression. There can’t be many other examples of economic leaders managing a crisis who had as much trust in one another as we did. Our partnership proved to be an enormous asset during an incredibly difficult period. But at the same time, this is my story, and as hard as I have tried to reflect the contributions made by everyone involved, it is primarily about my work and that of my talented and dedicated team at Treasury.
–Henry M. Paulson
Warren Buffett recently had an opportunity to interview Paulson in Omaha, and didn’t spare any tough questions, choosing to even ask about whether the TARP would be repaid (Paulson said yes).
Below is a video of the interview:
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