Who is Hank Paulson?

This is the man who proclaimed the subprime crisis "largely contained" in April 2007; "near the bottom" in May 2007; and "largely contained" again in August 2007. This is the man who pledged that he had "no interest in bailing out lenders or property speculators" in October 2007 and couldn't "think of any situation where the backdrop of the global economy was as healthy as it is today." This is the man who patted himself on the back for refusing to "put taxpayer money on the line" to rescue Lehman Brothers on Sept. 15 - and then turned around the next day and engineered the $85 billion taxpayer-funded bailout of AIG. This is the man who vowed he had "no plans to insert money" into Fannie Mae and Freddie Mac -and then turned around and committed $200 billion in capital and credit lines to those corrupt, bloated, crumbling institutions. This is the man who declared "the worst is likely to be behind us" in May 2008.

Full story - Hank Paulson, naked emperor, by Michelle Malkin