Former Treasury Secretary Henry Paulson continues to make the rounds with his new book, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System.  Here he is telling Charlie Rose about how difficult it was for him emotionally when he knew that Lehman Brothers was going to collapse in September, 2008:

Paulson is being candid and open about what he went through, as he does in much of the book.  But Daniel Gross, in his review of the book at Slate, finds that Paulson comes up short when it comes to analyzing the responsibility some investment bankers had for the crisis based on their decisions in the early 2000s. One of those bankers was , of course, the CEO of Goldman Sachs--Henry Paulson:

As the narrative lurches from crisis to crisis—TARP, AIG, GM—the reader, and Bush, are continually presented with bailout moves as unavoidable faits accomplis. Bush was "visibly shocked" when Paulson told him in November 2008 that Citigroup was in big trouble. "I thought the programs we put in place had stabilized the banks," the president said.
The main problem with this fast-paced book was the main problem with Paulson's tenure—a surprising inability to see the big picture. And as tough as he is on congressional Republicans, Paulson lets some people off much too easy. If many smart, highly regarded people had simply carried out their responsibilities with a bit more diligence—Bernanke, EC Chairman Christopher Cox, Wall Street bankers—much of the catastrophe could have been avoided. "As first responders to an unprecedented crisis that threatened the destruction of the modern financial system, we had little choice," Paulson writes. But the first responders assembled the bonfire and helped light it. Paulson was among the Wall Street chief executives who, in 2004, lobbied the SEC to allow them to use much larger amounts of debt—a move that set the stage for the debacles of Bear Stearns and Lehman.

Read Inside Job: What Henry Paulson's new memoir misses about his own responsibility for the global meltdown, here.