My real job here at CNBC is to edit the blogs by CNBC anchors, reporters and guests. So this morning when I was reading Larry Kudlow’s blog– I came across a nugget I wanted to share with you.
On Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG. Now that’s what I call appointment viewing!
Paulson’s book, “On the Brink: Inside the Race to Stop the Collapse of the Global Financial System” goes on sale next week and it’s already making headlines.
Today’s WSJ gives a rundown of Paulson’s so-called “Enemies List” - and it's safe to say, this former Boy Scout doesn't pull any punches. One example is what he writes about Sarah Palin, “Right away she started calling me Hank. Now everyone calls me Hank…but for some reason the way she said it over the phone like that, even though we’d never met, rubbed me the wrong way….I’m also not sure she grasped the situation I had sketched out….”
Likening himself to a "first responder" Paulson writes, "we had little choice" but to bail out the banks.
“The pace of events during the financial crisis of 2008 was truly breathtaking,” writes Paulson who explains, “In this book, I have done my best to describe my actions and the thinking behind them during that time, and to convey the breakneck speed at which events were happening all around us.