![]() ![]() Henry Paulson and Timothy Geithner had a dim view of Christopher Cox, the chairman of the Securities and Exchange Commission, the market regulator. ![]() Mind you, one might also conclude the markets deserved what they got. Reading about the recklessness at Lehman prior to the crisis, one can easily conclude that it deserved to fail, notwithstanding the harrowing consequences for the world's financial markets. As a reader, you cheer when Gregory is forced out after being Fuld's junkyard dog for 30 years. Gregory, according to Sorkin, was also an SOB, making zero allowances for a fellow executive who had a daughter with cystic fibrosis, essentially ruining the man's career. 2, Joe Gregory, would helicopter to work each day. Lehman, on the other hand, was run by obnoxious big spenders. ![]() We later find out that this dedicated birder, a Prius driver, also owns an enormous tract of land in the southern United States, but as a conservationist. He and his wife were housed in a mere 1,200-square-foot apartment in New York City when he ran the storied investment bank. We learn that Paulson, with the hundreds of millions of dollars he made as CEO of Goldman Sachs prior to joining Treasury, lived a frugal life for a big shot. Aside from the inside dope on high-stakes meetings and negotiations, the book's strength lies in the details about the people involved. ![]()
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