Henry Paulson confessed that one his lowest moments as Treasury Secretary came as he was about to deliver a speech just as Citigroup was starting to unravel in late 2008.
Paulson, who'd already worked to rescue Lehman, AIG, Fannie, Freddie, and Bear Stearns with the highly unpopular TARP bail-out funds, badly wanted to address Citigroup’s problems, but knew if he did not appear for the scheduled speech, it would read by the markets as a sign of more trouble.
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