three hours later with an alpha male, i was exhausted. >> host: i was going to ask you about hank paulsen. because that was one -- the portrait of henry paulsen that comes out in the book is one the rev tour parts of it. because you show how he started out as such a straight arrow and raised up into management because he had honesty, he established good relationships with people. he was a relationship banker. >> guest: he's not going to embarrass the firm. as some other partners had been doing about the time that hank paulsen was elevated to the management of the firm. >> host: but maybe i misread it. i received him as ending up as a machiavellian figure who ended up edging out his co-chairman john corzine and other people in the firm that he pushed out opinion >> guest: it's true. >> host: almost like a back stabber in that regard. he's an extremely forceful person. which is interested for those of us in washington that saw him as treasury secretary and the key role he played throughout the financial crisis. can you talk more about this? you know, the way he pushed out corzine, who was a

and it's an issue that i talked about with hank paulsen when the started at the bank.w in some quarters that said, look, the bank should just deal with the poorest countries. at a time we've got all these changes in the international system and we're trying to out how multilateral institutions change with the circumstance, i think it would be a huge strategic mistake to take the countries that are middle-income countries or moving in the process and say, you're no longer part of the bank system, because if i think about climate change, trade, south-south investment, learning from other countries in terms of how they've done different programs, i want these countries to be active participants engaged in the bank so that's why with share holding, with staffing and others, it's very important. now, particularly with china, we have a certain amount of lending we do to china but frankly, they're not looking at it for the money. they tend to have rather small projects that they use as pilots to develop knowledge and experience which they then expand. about 80% of those are e

but -- and it's an issue that i talked about with hank paulsen when i started the bank and i feel quitestrongly about. there is a view in some, the bank should deal with the poorest countries. the 79ida counties. we are trying to figure out how they change with the circumstances. i think it would be a huge strategic mistake to take the country that is are middle middle-income countries or moving in the process and say you are no longer part of the bank system. because if i think about climate change, trade, south, south investment, learning from other countries in terms of how they have done different programs, i want these countries to be active participates engaged in the bank. so that's why with share holding, staffing, and others, it's very important. now particularly with china. we have a certain amount of lending that we do to china. but frankly they are not looking at it for the money. they tend to have rather small projects that they use as pilots to develop knowledge and experience which they then expand. about 80% of those are environmental. i think it's a good thing, that chi