Hank Paulson, obviously, had spent his career on Wall Street, had a deep knowledge of the Street, and also was a very forceful personality, had a very good relationship with the president, and was in a very different place, for example, than Ben Bernanke, who is an academic, quiet guy: spent most of his time thinking about monetary policy. Andrew Ross Sorkin Read Quote
I think, with Hank Paulson, the concept of a bailout was anathema to him from day one. He was a Republican; he’s a free marketeer. He believes in capitalism, and part of capitalism is believing in failure. And so the idea of bailing out an institution, I think, went against every part of him. Andrew Ross Sorkin Read Quote
Why do we have financial crises? Why do banks lose money? If history is any guide, it hasn’t often been the result of speculative bets. It has been the result of banks making loans to individuals and businesses who can’t pay them back. Andrew Ross Sorkin Read Quote
Some billionaires like cars, yachts and private jets. Others like newspapers. Andrew Ross Sorkin Read Quote
By now, it seems as if everyone has already read Thomas L. Friedman’s ‘The World Is Flat: A Brief History of the Twenty-First Century.’ It changed the way we think about global business, competitiveness and the implication for far-flung economies, governments, education and more. Andrew Ross Sorkin Read Quote
The genre of narrative business books that I love so much – the ones that have a you-are-there quality – was invented, or so it is said, in 1982 by David McClintick, who wrote ‘Indecent Exposure,’ a rollicking good read about a Hollywood scandal and the ultimate boardroom power struggle at Columbia Pictures. Andrew Ross Sorkin Read Quote
I don’t sleep well. I’m a very nervous – by my nature – anxious, almost paranoid person and reporter. Andrew Ross Sorkin Read Quote
What keeps me up at night? Waking up to a scoop at another newspaper or on TV. I’m probably competitive, almost too much so. I will stay up till the Web sites at night roll over. And if they don’t roll over, I’ll stay up until it’s done. I’ll wake up at the crack of dawn, or in the middle of the night even, just to go and check and see. Andrew Ross Sorkin Read Quote
I started, actually, in journalism when I was – well. I started at the ‘New York Times’ when I was 18 years old, actually, but really got into journalism when I was 15 years old and had started a sports magazine which was trying to become a national sports magazine. Andrew Ross Sorkin Read Quote
My training really was at the ‘New York Times,’ you know. When I got there, I was literally supposed to stay there for five weeks, and I got lucky like nobody, you know, like nobody’s business. Andrew Ross Sorkin Read Quote
