Rep. Alan Grayson: "Hank Paulson Had a $700M Conflict of Interest"

f

This is Alan Grayson on MSNBC with Dylan Ratigan and Eliot Spitzer discussing Hank Paulson and the bailouts. Grayson said about former Treasury Secretary and former Goldman Sachs CEO Hank Paulson who presided over the bailout while owning hundreds of millions in Goldman stock:

"Hank Paulson never should have had that job in the first place. He had a $700 million conflict of interest and everything that he did while he was Treasury Secretary, every single thing that he did, has one explanation - what's good for Hank Paulson?"

Grayson also discusses the Federal Reserve's secret trillion dollar bailout, Ron Paul, and why transparency is necessary.