Democrats lash out at Paulson over mortgages
Frank says some of $700 billion must go to homeowner relief
By Greg Robb & Ronald D. Orol , MarketWatch
Last update: 5:19 p.m. EST Nov. 18, 2008
This is an update to correct the number of mortgages the FDIC plan aims to modify.
WASHINGTON (MarketWatch) -- Democratic lawmakers told Treasury Secretary Henry Paulson on Tuesday that he must reverse course and spend some of the $700 billion in bailout funds to keep individual homeowners from...Read Full Story
WASHINGTON (AP) -- President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation's leading banks, saying the drastic steps were "not intended to take over the free market but to preserve it."
Nine major banks will participate initially including all of the country's largest institutions, he announced, in a move that sent stocks soaring on Wall Street.
Some of the nation's largest banks had to be pressured to participate by Treasury...Read Full Story
by Charley James
One of Chairman Mao Tse Tung’s “sayings” immortalized in his Little Red Book deals with stealth in politics and war. “Make a noise in the east,” the Great Helmsman wrote, “and strike in the west.”
On Monday afternoon, we realised that Treasury Secretary Henry Paulson must be channelling Chairman Mao. While everyone on the Hill and around America was focusing attention on the election and bank rescue plan – a noise in the east – on Sept. 30, Paulson struck in the west by...Read Full Story
The City Council has approved financing $60 million to lure a Major League Soccer franchise to Portland, but hasn't resolved how to raise a quarter of the money. The $60 million would go to renovating PGE Park to meet MLS specifications, and building a new ballpark for the Portland Beavers, the city's Triple-A baseball team. Major League Soccer is expected to choose two expansion teams by March 19. Four cities are in the running: Portland, Vancouver, Ottawa and St. Louis. Merritt Paulson, son...Read Full Story
Reuters
Paulson leaves door open to mortgage modification MarketWatch - 4 hours ago By Ronald D. Orol WASHINGTON (MarketWatch)-Treasury Secretary Henry Paulson on Monday indicated that he might support a new approach to mortgage foreclosure … Paulson’s Remarks on the US Economy Wall Street Journal Blogs Paulson Says Treasury Actively Mulling New Rescue Programs Wall Street Journal Paulson: Feds to expand rescue CNN BusinessWeek - Reuters all 60 news articles
More: continued...Read Full Story
Adam Davidson of NPR compares Bernanke to Henry Paulson, the Treasury secretary during the financial crisis of 2008: “It’s easy to contrast the two men, Henry Paulson and Ben Bernanke, this kind of headstrong, tall, bold bulldog in Henry ...
He was a deputy assistant secretary in the Treasury Department from 2007 to 2009, where he was an adviser to former Treasury Secretary Henry Paulson during the financial crisis. He also worked as a banking staffer for Rep.
To the editor: On July 15, 2008, Treasury Secretary Henry Paulson told a Senate hearing that there were no plans to take over the giant GSE’s — Fannie/Freddie. On July 21, 2008, Paulson held a meeting at the offices of Eton Park Capital ...
NEW YORK (CNNMoney) -- It has been more than three years since then Treasury Secretary Henry Paulson fired his famous metaphorical bazooka and the federal government seized control of mortgage agencies Fannie Mae and Freddie Mac. Sadly ...
Hank Paulson's inside tip to hedge funds about Fannie Mae's 2008 rescue gives new meaning to the phrase "Hanky Panky." The University of Chicago rewarded Henry (Hank) M. Paulson Jr.’s gross ethical failures with a mid-year appointment as a ...
Henry M. Paulson, Jr. Secretary of the Treasury www.ustreas.gov . President George W. Bush nominated Henry M. Paulson, Jr. to be the 74th Secretary of the Treasury on June 19, 2006 ...
Henry Merritt "Hank" Paulson Jr. (born March 28 , 1946 ) is the United States Treasury Secretary and member of the International Monetary Fund Board of Governors.
At a time when record oil prices are making Arab investors rich, U.S. Treasury Secretary Henry Paulson is courting those investors to pour their billions back into the United States. US Treasury Secretary Henry Paulson gives a speech on open ...