Bannon alleges Treasury Secretary Hank Paulson enabled risky leverage at Goldman Sachs leading to 2008 crisis

Bannon alleges Treasury Secretary Hank Paulson enabled risky leverage at Goldman Sachs leading to 2008 crisis The passage provides a specific claim that former Treasury Secretary Hank Paulson, while chairman of Goldman Sachs, secured regulatory changes that allowed banks to increase leverage dramatically before the 2008 crisis. It names high‑profile actors (Hank Paulson, Goldman Sachs, Steve Bannon) and suggests potential misconduct (regulatory capture, conflict of interest). While the allegation is not new, it offers a concrete lead-investigate the timing and nature of the leverage rule changes and any communications between Paulson and regulators-that could be pursued for further evidence. Key insights: Bannon says Hank Paulson, then Treasury Secretary, pushed for leverage rule changes favoring banks.; Leverage ratios allegedly jumped from 8:1 to 35:1 before the 2008 crisis.; No criminal charges were ever filed against bank executives for the crisis, according to Bannon.