– from Art Info, December 2008 –
Think U.S. Treasury Secretary Hank Paulson was the first with an economic bailout plan this year?
Not by a long shot.
In October, after the government’s plans was passed, Edelman sent around another, more strongly worded electronic missive stating his belief that the cost of the credit crisis will be “closer to $5 trillion. NOT $700 BILLION!”
In other words, even Damien Hirst’s 2008 net profits could not plug the hole.
To download the original page in the December issue of Art Info as pdf, please click here.