He's a policy guy, not a banker. This is important because Paul wouldn't have any "former associates" in the banking industry to cover for, sympathize with, or protect. Paulson, on the other hand, can't escape the whiff of insider-ism in everything he's doing. Questions like "Why isn't the bailout being used as originally planned?" and "Why can't we get a clear picture of who's getting the money and who's being turned down?" may have a reasonable answer, but the overall tone of Cover-Your-Buddy's-Ass can't be ignored.