Henry Paulson

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

The $700bn (£494bn) US bail-out package has already "clearly helped stabilize" the financial system, US Treasury Secretary Henry Paulson has said. However he added that there would be many challenges in the future Mr. Paulson had said the the authorities had abandoned plans to use some of the $700bn to buy up banks' bad debts. He also warned against expanding the bail-out to automakers Instead of buying banks' large debts, as proposed in the rescue deal, the bail-out will be used to buy...Read Full Story

Reuters - U.S. Treasury Secretary Henry Paulson is weighing whether to ask Congress for the remaining $350 billion of the financial bailout fund, with White House aides approaching President-elect Barack Obama's transition team about the idea, an Obama aide said on Wednesday.Read Full Story

Posted by god 41 minutes ago ( http://article.wn.com ) View profile Category : World Treasury Secretary Henry Paulson said his actions bailing out some US companies to help strengthen capital markets, while "objectionable," were necessary to prevent a deeper collapse of the global economy. "Some of the things that I've been part of have been very, very objectionable decisions, but...Read Full Story

AP - 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.Read Full Story

The government introduced a pair of new programs Tuesday that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls vital to supporting the economy.Read Full Story