Anyone who has switched on the TV or looked in any newspaper around the world lately would have seen the name and face of Hank Paulson all over the news. Hank Paulson is the leading light at the US Treasury and together with George Bush he put together a massive $700 billion rescue package for the US economy. But after the first vote defeat, Hank Paulson seems to have gone to ground – but why?
While Paulson was doing his best to try and save the US economy he tried a major bluff hand on the members of Congress, painting the darkest picture while showing little in the way of detail in his plans. Many are now speculating that Hank Paulson played the biggest bluff of his life and lost, and like any gambler who knows that feeling he is now out of the limelight licking his wounds!
However, unlike many gamblers who try a bluff he was playing with a hand worth up to $700 billion and the weight of the whole US nation on his shoulders. He played his ‘hand’ as if his life depended upon it and while he is being seen as a loser by many in the US, like any good gambler he is expected to pick himself up, dust himself off and start all over again – but when?
Anyone who has switched on the TV or looked in any newspaper around the world lately would have seen the name and face of Hank Paulson all over the news. Hank Paulson is the leading light at the US Treasury and together with George Bush he put together a massive $700 billion rescue package for the US economy. But after the first vote defeat, Hank Paulson seems to have gone to ground – but why?