Hank Paulson & Goldman Sachs Played Telephone During Crisis

The New York Times has a detailed account of former Treasury Secretary Hank Paulson and phone calls to Goldman Sachs during the financial crisis.

During the week of the A.I.G. bailout alone, Mr. Paulson and Mr. Blankfein spoke two dozen times, the calendars show, far more frequently than Mr. Paulson did with other Wall Street executives.

On Sept. 17, the day Mr. Paulson secured his waivers, he and Mr. Blankfein spoke five times. Two of the calls occurred before Mr. Paulson’s waivers were granted.

The New York Times even charted the calls and timeline.

Recall Goldman Sachs was the only private party to sit in the government meetings discussing the AIG bail out.

Goldman Sachs made quite a bit of money via AIG payout of CDSes.

I don't know about the phone calls being the most damning evidence of an ethics violation or Goldman Sachs making off like a bandit on the crisis, but it is one more amazing coincidence out of many. Too many.

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