17 Oct

Paulson’s Call Logs: September 2008

hp calendar excerptBelow is a copy of Hank Paulson’s call logs and calendar from the all-important month of September 2008, perhaps the most tumultuous period during the financial crisis.

I obtained the records, along with every month he was in office, during the course of my reporting for Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — and Themselves. The call logs helped confirm much of the information I learned during dozens of interviews with people on both sides of the phone calls listed in these documents.

In the course of my reporting, I sought the calendars of many people on the receiving end of these phone calls to confirm the times and dates listed. Please note that I noticed many discrepancies between these calendars and others, making them only partially reliable. Paulson’s secretary, who kept these records, appears to have included phone calls in which neither side connected and sometimes did not record phone calls when they did. Because she recorded the times of the calls electronically, every call is listed in five-minute increments, even for calls that lasted no more than 30 seconds.

Please also note that at least three different versions of some pages of the calender exist and are shown below. Ostensibly, the third version is the most up to date.

The call logs are extraordinary because they demonstrate both the number and the variety of people that Paulson spoke to in a given day. These people included President Bush, Federal Chairman Ben Bernanke and the finance minister of China. He would also talk to Wall Street CEOs, including Dick Fuld of Lehman Brothers, Jamie Dimon of JPMorgan Chase and Lloyd Blankfein of Goldman Sachs.

For readers of Too Big to Fail, you can follow along on this set of Paulson’s calender starting in Chapter 12.

To Big To Fail: Paulson Call Logs and Calender Sept 2008

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