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The hedge fund run by John Paulson, who foresaw the distress in subprime mortgages and reaped billions by betting against the related securities, has bought about 168 million shares of Bank of America Corp., according to a regulatory filing Wednesday.
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."
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.
A book coming this fall will offer one of the ultimate inside takes on the economic crisis — from former Secretary of the Treasury Henry M. Paulson, Jr.
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.
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.
Treasury Secretary Henry Paulson said Tuesday that he does not expect any more major financial institutions to fail during the current credit crisis.
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.
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.
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.
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.
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.
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.
This weekend's summit of world leaders was supposed to generate ideas about how to repair battered financial markets. Instead it is shaping up as a philosophical debate about the future of free-market capitalism.
Now that Sen. Barack Obama has won the presidency, the spotlight will shift quickly to his plan for repairing the damaged economy. And one of his most important decisions will be his choice for treasury secretary, a powerful position that has gained even more importance since Congress approved a $700 billion financial bailout package last month.
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.
Treasury Secretary Henry Paulson said Monday that government purchases of stock in banks represent an investment that should eventually make money for the taxpayer.
Treasury Secretary Henry Paulson said Wednesday he expects improvement in the condition of the economy over time but that there will be "a bump in the road" along the way.
Text of Treasury Secretary Henry Paulson's remarks Tuesday, as transcribed by CQ Transcriptions.
Highlights of Treasury Secretary Henry Paulson's statement Sunday to a meeting of the World Bank's development committee, as provided by the Treasury Department:
Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions.
Treasury Secretary Henry Paulson pledged to get the $700 billion financial rescue program up and going quickly.
It has become glaringly apparent that we are in trouble. You can decide for yourself what the trouble is for you in your life. You can even deny that we are facing a bleak future if you wish. for me and mine, we have decided that it is time.
The Worst is Yet to ComeWhat is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years.
Where is the Outrage?I am outraged that the Obama Administration promised changed and did not deliver. "Yes We Can" was a lie. The reality is "It's Business As Usual, Only Worse, With Higher Deficits".
Too Politically Connected To Fail In Any CrisisOver the past 30 years Wall Street captured the thinking of official Washington, persuading policymakers on both sides of the aisle not to regulate (derivatives), to deregulate (Gramm-Leach-Bliley), not enforce existing safety and soundness regulations (VaR), and to stand idly by …
Study: Bernanke, Paulson misled public on bailoutsFederal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr.
Obama's Presidency Isn't Too Big to FailBut what is nerve-racking about Obama is that even though he campaigned against Bush's follies he has now embraced them. He hasn't yet managed to significantly reduce the U.S.
Bush Treasury Secretary Henry Paulson concocted a neat little slight-of-hand to give 12.9 Billion of our tax dollars to Goldman Sachs... and we citizen taxpayers got nothing in return.
Bail-Out Bonuses at Banks that Got the Most $ from U.s. - $1 Million a Head...Hundreds and Hundreds of HeadsThousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles
Gallup Poll: Americans Turning Against Federal Reserve :Opinions souring as efforts to audit the Fed gain momentumAs momentum builds for Ron Paul's efforts to audit the Fed, a new Gallup poll shows that Americans are turning against the Federal Reserve, with just 30 per cent saying the agency is doing a good job.
Fox News Commentator Glenn Beck: The United States Of America is an OligarchyFox News Commentator Glenn Beck demonstrates that the U.S. is an oligarchy not run by we the people but by a connected group of elites that include the upper tier of Goldman Sachs. Watch this only at your own risk. This is NOT for children.
Congressman Cliff Stearns: Mr Paulson How Do You Have Any Credibility? C-Span/Youtube video
Congressman Stearns Crucifies Paulson On Bailout Bait And Switch Note:page not formatting correctly..scroll down page to view article at link.And watch video!Outrageous!
Paulson Threatened Great Depression, Food Riots To Get Bailout Bill Passed :More information concerning ex-Goldman Sachs CEO's blackmail of Congress revealedMore information has come to light regarding former Treasury Secretary Henry Paulson's threats to Congress last fall that martial law would ensue unless they passed the bailout bill.
YouTube - On the Edge with Max Keiser - "Hank Paulsen lied" 26 June 2009 (pt1 of 4)Max Keiser gives it to you plain and simple when it comes to the ongoing rape of this nations foundations. There is no going back and Sachs goldman is quite happy for opportunities as max see's it.
Paulson grilled over Merrill mergerA bipartisan chorus of House lawmakers on Thursday angrily accused former Treasury Secretary Henry M. Paulson Jr. of abusing power, misleading Congress and suppressing information in pressuring a reluctant Bank of America last year to go through with a takeover of Merrill Lynch.
Durbin cashed out during big stock collapse :: As U.S. stock markets plummeted last September, the Senate's No. 2 Democrat, Dick Durbin, sold more than $115,000 worth of stocks and mutual-fund shares and used much of the money to invest in Warren Buffett's Berkshire Hathaway Inc.
The following is drawn directly from the "WeThePeople Foundation" website. I provide here only a few of the many salient paragraphs, so I encourage all concerned citizens to read the full Argument. (Citations omitted herein).
"The Taxpayers are being raped!!!!!"......lets see how the numbers work out..... Chairman of the Federal Reserve, Ben Bernake, yesterday said that he sees the TARP potentially breaking even........... Lets take a step back a look at what has been happening:
One Nation, Under Banks With Justice for No OneAuthor Jonathan Weil talks about how Bernake, Paulson, and Geithner knowlingly broke the law in an 'ends justify the means' method for getting the Bank of America deal done. This puts you and I, the American Tax payer more at risk than they were willing to admit.
Lewis testified that U.S. urged silence on Merrill deal: reportNEW YORK (Reuters) - Bank of America Corp CEO Kenneth Lewis testified under oath that Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressured him to keep quiet about losses at Merrill Lynch & Co, which the bank was buying, the Wall Street Journal …
UPDATE 4-US Treasury overpaid $78 bln under TARP-watchdogIt seems our government prior to changing hands, has once again hood-winked the American people & the World...This very well written articles from Reuters, needs very thorough investigation...we all deserves answers about "our" money...
William K. Black is an economist who is an expert on the who and what that caused the financial crisis that originated in the U.S. and spread to the rest of the world. His findings have been reported in the alternative media and covered-up by the corporate media.
U.S. to Detail Plan to Rein In Finance WorldThe Treasury secretary, Timothy F. Geithner, will outline the broad revamping of the regulatory system, which goes further than expected, in a hearing on Thursday.
Let's see: if I recall correctly, Hank Paulson gets on TV on like a Wednesday or Thursday, and says if you don't pass this $700 billion bailout package on Monday, Western economic civilization as we know it is going down the tubes without any hope of reclamation.
Watchdog to Fed, Treasury: Where's AIG's Money Going? The reason that taxpayers have had to prop up AIG to the tune of $173 billion is that AIG is now basically a conduit—it owes money to so many other companies that the cash just pours right through.
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