Free Market Spin and the Environment

“The big part of our policy is the things we can do ourselves, which has to do with being at the center of capital markets, and finding market-based solutions to environmental problems.”

Henry M. Paulson, Jr., Chairman and CEO, Goldman Sachs Group, remarks to Reuters, November 2005.

Joseph A. Giannone, “Goldman see markets as solution to global warming,” Reuters, 12/30/05.

I come here as an individual who believes passionately in the strength of our free market system -- a system that generates growth, creates jobs, rewards initiative and fosters innovation like no other in history.

…Don’t get me wrong. Our economy is not full of Enrons, ready to collapse when someone takes a close look at their books.

Henry M. Paulson, “Restoring Investor Confidence: An Agenda For Change,” Speech at the National Press Club, Washington, DC, 6/05/02.