• Paulson Plan Aimed at Helping `Poorly Run' Banks, Allison Says
9:55 pm Thurs. 9/25
By David Mildenberg
Sept. 25 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson's proposed $700 billion bank rescue
aims to help ``poorly run'' companies and the primary beneficiaries would be Goldman Sachs Group Inc. and Morgan Stanley,
said BB&T Corp. Chief Executive Officer John Allison in a critique of the plan.
• Paulson bio on US Treasury website
“Before coming to Treasury, Paulson was Chairman and Chief Executive Officer of Goldman Sachs
since the firm’s initial public offering in 1999. He joined Goldman Sachs Chicago Office in 1974
and rose through the ranks holding several positions including, Managing Partner of the firm’s Chicago office,
Co-head of the firm's investment Banking Division, President and Chief Operating Officer, and Co-Senior partner.”
From 1970 to 1974, before joining Goldman, Paulson worked in the Nixon Administration
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