Not even three months after the last administration left office, we have our first in-depth view inside the inter-workings of the former Treasury Department.

Phillip Swagel, assistant Treasury Secretary from December 2006 until January 2009, will present his 50-page essay tomorrow to the Brookings (Institution) Panel on Economic Activity entitled “The Financial Crisis: An Inside View.”

Swagel says that former Treasury Secretary Henry Paulson’s original intentions were to buy bank assets, not shares with the TARP money, and that he knew he would receive significant backlash for changing his course of action.