Henry Paulson

Today's Feature Story: Bailout Would Come In Stages That Congress Could Halt by Kevin G. Hall - McClatchy Newspapers WASHINGTON - Congress and the Bush administration reached tentative agreement early Sunday on a sweeping $700 billion rescue plan to take bad assets off the books of banks and other financial firms. The deal is expected to be put on paper in the course of the day and sent to legislators for debate and a vote later in the week. Demonstrators protest the U.S. Congress' proposed $700 billion bailout of the financial industry in New York's Times Square September 27, 2008. The U.S. Congress embarked ... Read Full Story

IS 350 Model Research, Reviews, Pricing & More. Get Free Lexus Info at Edmunds.com www.Lexus.Edmunds.com Blinkx Video Search World's largest video search engine. Over 26 million hours of video. www.blinkx.com Tale of the first $350 billion - Dec. 19, 2008 See original here Tale of the first $350 billion - Dec. 19, 2008 FinanceProfessor.com: Tale Of The First $350 Billion - Dec. 19, 2008 Have you wondered where the first $350 billion went? Here is how CNN reports it: Tale of the first $350 billion - Dec. 19, 2008: ". " ..checks totaling $168 billion in varying amounts to 116 banks; …committed another $82 ... Read Full Story

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 losing their homes. "Some of this TARP money has to be used for mortgage foreclosure prevention," House Financial Services Committee chairman ... 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 quietly giving banks a $140-billion windfall by issuing new regulations under an arcane provision of a seldom ... 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 of former Treasury Secretary Henry Paulson, would pay $40 million for the franchise and contribute $12.5 million toward construction. He also ... Read Full Story