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Lawmakers accused former Treasury Secretary Henry Paulson on Thursday of bending to the demands of a major bank and keeping negotiations of a hefty bailout secret in his rush to stabilize financial markets last year.
Former Treasury Secretary Henry Paulson has said in written testimony that the Bush administration's response to the financial crisis late last year was "not perfect" but "saved this nation from great peril."
Defending the government's handling of the economic crisis last year, former Treasury Secretary Henry Paulson said Wednesday that the Bush administration's responses were not perfect but "saved this nation from great peril."
Former Treasury Secretary Henry Paulson will testify next month before a House committee that's investigating whether he and other government officials pressured Bank of America Corp. to acquire Merrill Lynch in a deal that cost taxpayers $20 billion.
Bank of America Chief Executive Kenneth Lewis told the New York attorney general he believed former Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke wanted him to keep quiet about the worsening terms of the bank's acquisition of Merrill Lynch, according to testimony reviewed by The Wall Street Journal.
Treasury Secretary Henry Paulson on Friday defended his handling of the $700 billion financial rescue program, saying it has made real progress toward achieving financial stability.
Barack Obama's economic team is talking with the Bush administration about having Treasury Secretary Henry Paulson ask Congress within the next week for access to the $350 billion remaining in the financial bailout fund, officials on both sides said Friday.
Treasury Secretary Henry Paulson on Wednesday said the best option for the future of Fannie Mae and Freddie Mac could be for the mortgage giants to be run like public utilities.
Treasury Secretary Henry Paulson said Friday that Congress will need to release the last half of the $700 billion rescue fund because the first $350 billion has been committed.
Every year we reporters and editors gather in our smokeless newsrooms to debate the top stories of the year and come up with endless "top 10" lists.
Treasury Secretary Henry Paulson said Tuesday that he does not expect any more major financial institutions to fail during the current credit crisis.
President George W. Bush gave the U.S. automakers $17.4 billion in emergency rescue loans, but the fate of the industry is in the hands of President-elect Barack Obama.
The United States and China will provide $20 billion in loans to finance trade by developing countries amid a global crisis that has battered credit markets, U.S. Treasury Secretary Henry Paulson announced Friday as the two sides wrapped up high-level economic talks.
Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.
Treasury Secretary Henry Paulson, preparing for his final round of economic talks with China, said Tuesday that Beijing must keep letting its currency rise in value against the dollar to help ease trade tensions with the United States.
The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package.
The government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls vital to supporting the economy.
President Bush argued Monday that the government's dramatic rescue of Citigroup was necessary to "safeguard the financial system" and help the economy recover, and he said there could be more such moves if other institutions need help.
Treasury Secretary Henry Paulson called the financial crisis now plaguing the world economy a "once or twice" in a 100 years event, even as he warned Thursday against imposing too-strict regulations to prevent a repeat calamity.
American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores.
A bill to rescue the troubled auto industry with $25 billion in emergency loans inched forward Friday when Majority Leader Harry Reid said the Senate will begin debate Monday and hold a test vote two days later. Supporters scrambled for votes to break an expected filibuster.
An anxious Wall Street proceeded cautiously Monday after last week's selloff, sending stock futures lower ahead of earnings from two major retailers.
Michigan lawmakers asked the government on Thursday to make it easier for car buyers to get loans, in hopes of helping U.S. automakers ride out the financial crisis.
An impatient White House prodded banks and other financial companies Tuesday to quit hoarding billions of dollars flowing into their vaults from Washington and start making more loans. Wall Street soared nearly 900 points on bargain-hunting and hopes of a hefty interest rate cut by the Federal Reserve.
Treasury Secretary Henry Paulson said Tuesday the current financial challenges facing the country will persist for a number of months, but he said the economy will rebound.
Obama's Presidency Isn't Too Big to FailA president has only so much capital to expend, both in tax dollars and public tolerance, and Barack Obama is dangerously overdrawn. He has tried to have it all on three fronts, and his administration is in serious danger of going bankrupt.
Animal Farm - 2009 The American people are like sheep being led to slaughter. Our Founding Fathers declared that the common people were in control.
Wall Street Lauches PR Campaign To Counter "Populist Overreaction" To Banking CrisisWall Street's largest trade group has started a campaign to counter the "populist" backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.
GOP: Did George W. Bush team force BofA merger? Capitol Hill Republicans investigating the fire sale purchase of Merrill Lynch by Bank of America last year are digging for evidence of improper behavior by two Bush appointees – former Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke.
[How Geithner and Others] Cashed In on Goldman SachsWe are so inured to tales of business corruption that even a devastating exposé in The Wall Street Journal no longer shocks us.
Matt Taibbi on: The Big Takeover The global economic crisis isn't about money - it's about power.
LIMBAUGH: Reject faux stimulus Why do you think the Obamites are constantly blaming market excesses, greed and Wall Street for our financial problems, when most of the blame lies with politicians themselves? Why do you think they trash talk the economy every day, when they know that such pessimism from "on hig …
The First TARP (Bailout) Formula Had It Right"Blink," the mega-best-seller by Malcolm Gladwell, is about the importance of first impressions, and Mr.
Economic Jihad: $700 Billion Bail-Out Aids Oil Rich Arab Sheikhs"...Americans no longer are in control of their destiny and that the future of the country will not be controlled by President-Elect Barack Obama but rather by oil-rich Arabs. "
Despite desperate banks and a massive bailout plan, Paulson can't get decent terms on TARP plan; Buffett spent half as much for four-times the warrantsHenry Paulson may be the most powerful manager of money in the world and he still couldn't do for taxpayers with the $700 billion bailout of American banks what Warren Buffett did for his shareholders in investing in Goldman Sachs Group Inc.
In a recent associated press article they described the lack of tracking mechanisms on the bailout money. They detailed that banks won't even disclose what they're doing with the money as well. The article can be found here.
Congress Ignored Critical Bailout OversightOn December 19th, Henry Paulson urged Congress to release the second half of the $700 billion of the bailout money. But no one seems know what banks have done with the first $350 billion.
Bank takes $10 billion bailout, then cuts tax rate 33 percent"Say you got a ten billion dollar loan to shore up your finances, and you paid your employees $10.9 billion, and you raked in $2.3 billion for the year. What would you say you owed in taxes? One percent?
Mineweb - GOLD NEWS - Swiss gold bullion in huge demand as trust in banks divesSwiss gold bullion in huge demand as trust in banks dives Most people know what's up...... Happy New World Order Year
Obama named TIME's 2008 Person of the YearCould TIME magazine's 2008 Person of the Year have been anyone
Obama named TIME's 2008 Person of the YearCould TIME magazine's 2008 Person of the Year have been anyone
Feds Unveil $800B Plan For New Credit, MortgagesThe government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls vital to supporting the economy. See more irresistible headlines
30 reasons for Great Depression 2 by 2011ARROYO GRANDE, Calif. (MarketWatch) -- By 2011? No recovery? No new bull? "Hey Paul, why do you keep talking about a bigger crash coming by 2011?" Readers ask that often. So here's a sequel to my predictions of 2000 and 2004, with a look three years ahead:
Are You Kidding Me??? Paulson Warns Against Over Regulation, When Greenspan Said His Belief In Deregulation Was A Mistake!Paulson is at it again. He's resorting to the P.T. Barnum theroy of there's a sucker born every minute Public Relations strategy in trying to diffuse efforts to re-regulate the credit market criminal enterprise that he was once apart of while at Goldman Sachs.
America Reboots As G.O.P. Relegates Itself To LandfillOnly a moronic cleric in denial could confuse the recent seismic shift in American politics with simply a different political perspective of the future.
Bernanke is a Lying Criminal - Congress Stands DownWho owns the Fed and how are they profiting from this scam? What percentage of the national debt is interest owed to the Fed for their worthless fiat money? We want in writing the details of all transactions in this $2 trillion debacle. Now. Will you, Mr.
GOP Senator: Cancel the $700 billion "blank check''U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation's financial system and should take back what is left of the $700 billion "blank check'' it gave the Bush administration.
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