Henry Paulson

n case you missed it... early last week The Reformed Broker detailed the incredible amount of gold that hedge funds (in this case Paulson & Co.) have accumulated in a very short period of time: More on Henry Paulson  

Did Henry Paulson, George W. Bush's Treasury secretary, break the law? According to a new book on the financial meltdown by New York Times reporter Andrew Ross Sorkin, in June 2008, Paulson, who was the chairman of Goldman Sachs before joining the Bush administration, held a secret meeting in Moscow with the board of directors of his former employer. The problem for Paulson—then and possibly now—was that after he had been nominated in 2006 to...  

Phillip Swagel, Assistant Secretary for Economic Policy under Henry Paulson at the Treasury Department from December 2006 to January 2009, in other words, he served during the height of the financial crisis, told me he now sees the benefits of bankruptcy over bailouts. It should be noted, Swagel was also a member of the TARP "investment" committee...He seemed to want to change the topic, and he seemed to be a bit more nervous talking to me...  

Yesterday, the Washington Post treated us to an in-depth look at that $700 billion in rescue money being a number pulled out of Hank Paulson's ass, and Neel Kashkari's attempts to lose the weight he gained in DC while he lives in the woods and builds a shed. Now let's take a peek at the absolutely epic slideshow that accompanied that story. Washington Post - Neel Kashkari - Henry Paulson - United States - Hank Paulson  

Felix Salmon has been digging some choice nuggets out of Andrew Ross Sorkin's huge new book "Too Big to Fail." Yesterday, Salmon blogged about a secret meeting Sorkin reports between the entire board of directors of Goldman Sachs (one of The Audit's funders) and then-Treasury Secretary Henry Paulson—in Moscow, of all places, three months before the Lehman Brothers collapse....  

Still dubious that former Treasury Secretary Henry Paulson showed favoritism toward Goldman Sachs, his former firm, during the financial crisis? Read on. In his new book, NYT reporter Andrew Ross Sorkin, here via Felix Salmon, recounts Paulson's June 2008 meeting in Moscow with members of Goldman's board of directors. Why Russia? Apparently because the investment bank officials happened to be in town to huddle with Mikhail Gorbachev, perhaps...  

PRESIDENT BARACK Obama has been hamstrung in dealing with Wall Street bonuses by his own Cabinet, but mostly by the sweetheart deal that the previous treasury secretary, Henry Paulson, made with the banks for the Troubled Asset Relief Program. Paulson could have acted in the best interests of the country and severely limited or eliminated banker bonuses at banks accepting ...