Henry Paulson

The famous CEO of Goldman Sachs who left his job to serve in the Bush administration as Secretary of Treasury took a vast amount of blame for the crisis. A very intense hardworking republican who preached so much about no government intervention with business had no other choice but to call for congresses aid. Three main arguments against Paulson are he was late to joining the party in fighting the financial crisis. Secondly he let Lehman Brothers, as well as Fannie Mae and Freddie Mac fail which caused severe issues even though he should have followed in Bernankes footsteps in terms of how he saved Bear. Lastly the 700 billion dollar bailout plan just ended up being a wastefull mess with congress. To his credit the actions that caused the crisis were set in motions before Paulson took office.