Although Paulson doesn’t have the means to actually do much, if anything, about China, his rhetoric is right out of Wall St. and exactly what the markets want to hear.

An “orderly” resolution is very much desired as the alternative is a crash which could and almost certainly would have ramifications globally.

Do you think that Paulson’s (and Robert Rubin’s) Wall St. connection is crucial to the Treasury position? It’s hard to see Snow or O’neil with as much credibility.