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How Hank Paulson Rescued the Economy in 2008
In this episode of The CEO Diary, Lucas and Luna examine Treasury Secretary Hank Paulson's leadership during the 2008 financial crisis. They focus on the pivotal weekend of September 13-14, 2008, when Paulson and Federal Reserve Chair Ben Bernanke faced the collapse of Lehman Brothers and the near-failure of AIG. Lucas explains Paulson's approach: using the 'too big to fail' framework to let Lehman fail as a warning, then reversing course to bail out AIG with an $85 billion loan. Luna highlights the psychological toll on Paulson, who described his hands shaking as he…
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