The Paulson Ethics Waiver
Presented is the recusing ethics waiver that allowed Hank Paulson free reign to do as he saw fit when bailing out Goldman Sachs. The next question is whether Mr. Fred Fielding recused himself of recusing Hank, and just what authority he was granted by the president to allow such unprecedentedly conflicted individuals as the former CEO of Goldman Sachs to do everything in his power to not only place unlimited collect calls into Lloyd Blankfein's office but to make sure that Goldman was the primary beneficiary of all the banking cataclysms of 2008.
Perhaps Messrs. Fielding and Paulson can disclose just what "fraction of his overall investment portfolio" is still represented by his defined benefit pension plan through Goldman Sachs. Also, if the former Secretary of the Treasury could maybe quantify the reputational impact of having his former company going down in flames, as a direct result of balance sheet and risk practices that are a legacy of his time there, and what the opportunity cost to him relative to the taxpayer was (and it was the latter's capital that bailed out Goldman), that would be very much appreciate by all.
And here is the original "Ethics" agreement sent by one Henry M. Paulson, Jr., to John Schorn, Deputy Assistant General Counsel and Designated Agency Ethics Official, highlighting all his incoming conflicts of interest as he was set to become the taxpayer solicitor general.
Source: Talking Points Memo and h/t Ed