• See? Treasury secretaries suffer just like the rest of us. You can call Henry Paulson a lot of things, but one thing you can’t call the Bush-era Treasury Secretary is “unaffected by the financial crisis.” See, Paulson’s home just got sold on the D.C. housing market, and it went for far less than he bought it for. Let’s check the numbers already:

• $4.3M the cost he paid for his home, near the National Cathedral, in 2006 (which is swank, BTW)
• $4.6M the amount Paulson, no longer a bureaucrat, put the home on the market for in April
• $3.25M the amount Paulson’s home finally sold for a couple of weeks ago – a $1 million loss source

Posted by Ernie Smith • Permalink