Wednesday, September 24, 2008

Paulson's Deal-Making Skills Face a Crucial Test -

History will judge Secretary Paulson and Congress' action, or lack thereof, in this financial crisis. But, I have to believe Paulson will always garner high regard for his anticipation and preparedness. The WSJ mentions Paulson's "Break the Glass" scenrios. I find it remarkable, laudable, that he and his staff were ready with a plan ahead of the current turmoil.

Who knows if the Paulson plan will work or even pass. Regardless, I am impressed by the foresight to prepare the plan 9 months ago.

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