Paulson's Unethical Blurring of Public Research Proposal

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On the other hand, the need to promote productivity exerts pressure in favor of incentive schemes that have the foreseen consequence of material inequality (Ibid., 8). Yet, none of these policies exist in a vacuum -- instead, the synthesis of economic tendrils and market fluctuations act in congruence to a larger paradigm of causality -- one that takes on an almost philosophical regimine.

This ideology would be little more than rhetoric for Secretary Paulson and the Bush Administration, who would operate with a much clearer intent to benefit the irresponsibility of bank owners and administrators. This would be initiated during Paulson's tenure with Goldman-Sachs, when he would help to broker the conditions by which America's banks could lend frivolously to high-risk loan candidates. Simultaneously, banks were being allowed to voluntarily abide or resist Treasury oversight requiring such firms to demonstrate the reserve funds to back up these loans. (Tong, 1) With the initiation of the sub-prime mortgage crisis, where countless home and business owners found themselves unable to contend with skyrocketing interest rate terms, the banking system collapsed. (Brinsley, 1)

After helping drive these destructive policies, Paulson was appointed to the Secretary of Treasury office, where he adapted a new position in support of massive government interventionism. To some accusers, Paulson may be said to have authored independent of oversight the largest 'bailout' in U.S. history.

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The Wall Street Journal would report a price tag on the Emergency Economic Stimulation Act as totaling over $700 billion, much of it going through the Troubled Assets Relief Program [TARP] and into the coffers of the banks and financial firms which have created the current turmoil. (Shindelar, 7). Paulson's commitment to the procedure he used to sell all his stocks at Goldman's and his effort to reach some outcomes states the uneasiness about the ethical misconduct which is evident due to the fact that Paulson was a senior member of the government and also his former company was collapsing. Paulson assisted both Bear Sterns and Lehman Brothers - direct the competitors of Goldman Sachs. Indeed, the choice to let Lehman collapse and bail out American International Group trading associates was baffling to members of congress and the market affiliates (Clemmens, 2009). Although Paulson had no financial gain in Goldman Sachs the company had to excel. Paulson was questioned about the part he played in making Goldman Sachs get $13 billion in taxpayer funds as an outcome of bailout of the American International Group (Gretchen, et.al., 2009).

When AIG collapsed, for instance, it would cost billions of dollars to its attendant relationship.....

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