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Posted AT 9:54 PM EST on 12/09/08

The Goldman touch

KEVIN CARMICHAEL AND SINCLAIR STEWART

From Saturday's Globe and Mail

OTTAWA, NEW YORK — Back in his investment banking days at Goldman Sachs Group Inc., Henry Paulson took just three weeks to orchestrate the 2005 takeover of Gillette Co. by Procter & Gamble for $57-billion (U.S.). Last weekend, as U.S. Treasury Secretary, he engineered one of the biggest financial bailouts in history, putting up as much as $200-billion of taxpayers' money to seize control of mortgage giants Fannie Mae and Freddie Mac.

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