What Paulson did was obtain plenipotentiary power over the disbursement of 700bil. I imagine a certain percentage of that money is guaranteeing the prosperity of him and his progeny after he leaves government “service” as well as that of friends and allies.A lot of that money, that which Paulson and his GS allies manage to get their arms around will be transformed into inflation-proof forms, like gold in off-shore locations. Cayman Islands will prosper mightily from this economic collapse.
I am a minor fan of almost Marxist use of class as a interpretive tool. If anything Paulson has brought the loyalty of the elite and his children are guaranteed access to the temples of privilege.
Another view, is that he is a prisoner of success and sees the world not as it is and will be, but as it was. Kind of like how Russian royalty used to haunt the capitals of Europe decades after the Bolshevik revolution.
I just know that he either out and out right lied, or didn’t know what he was doing.
Just to get more weird. Maybe Congress is in on this.
When I think about this in general terms, my head swims.