Paulson was the architect of the Bush administration's seizure of mortgage giants Fannie Mae and Freddie Mac in early September 2008, and the $700-billion bank bailout plan that followed in October. He told Bloomberg BusinessWeek recently that even as the financial system's woes deepened in 2008, "None of us understood the full extent of what we were dealing with." He now chairs the Paulson Institute, a think tank in Chicago.
Louis Lanzano / Bloomberg
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