Secretary Hank Paulson

Judicial Watch Forces Release of Bank Bailout Documents “These documents show our government exercising unrestrained power over the private sector. Despite promises of transparency, the Obama administration tried to cover up the very existence of these smoking-gun documents. And the cover-up continues, as the Obama administration protects Timothy Geithner by withholding a key document about his role in this infamous bankers meeting,” stated Judicial Watch President Tom Fitton. (excerpt) Contact Information: Press Office 202-646-5172, ext 305 Washington, DC — May 13, 2009 Documents Detail Historic Treasury/Bankers Meeting – but Geithner Input on Key Document Withheld from the Public Judicial Watch, the public interest group ... Read Full Story

THE GOOD PEOPLE @ THE CAPITAL TIMES (CYBERSPACE, VIA MADISON, WISCONSIN) HAVE SOME SHOCKING NEWS TO REVEAL in the following editorial vis-a-vis Treasury Secretary Paulson's Grand Delusion otherwise known as a $700 Billion Misunderstanding. Videlicet , that the whole, as originally written, may be--shock!! horror!!--unconstitutional: Treasury Secretary Henry Paulson's draft proposal for the bailout of struggling financial services firms sought to make himself the most powerful unelected official in American history through his proposal to take charge of vast sectors of the U.S. economy--setting policy, buying and selling assets, determining whether financial institutions thrive or collapse--with no oversight. Under Paulson's draft plan, Congress and ... Read Full Story

who-caused-the-biggest-financial-crisis-since-the-great-depression Financial Crisis Timeline ----------------------------------------------------------------------------------- Jul 1, 2008: Meanwhile, Sen. Charles E. Schumer (D-N.Y.), who helped fuel depositors’ concerns about the bank last week,(July 11th, 2008 Indymac seized by federal regulators), sounded like he was trying to double-back a bit. He told the Associated Press that he had spoken with Treasury Secretary Henry M. Paulson Jr. and with Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., and was "reassured they are on top of the situation." ------------------------------------------------------------------------------------ New York's Democrat Senator Charles Schumer's loose lips being a reason for the current banking crisis--remember he blabbed about IndyMac's viability and people withdrew 1.3 Billion ... Read Full Story

I was trying to think of a witty title for this article, but I kept coming back to this one because it’s absolutely true. I was inspired to write this because I recently hooked up with an old friend who is out of work and looking for a new job. His neighborhood bank was looking for a part-time teller, so he went in to inquire. When he found out the bank does a credit check on new employees, he respectfully begged off. He knew that he would not pass that kind of inspection right now. The whole time we were together talking, all I ... Read Full Story

An interesting photo From badbilladams9 I personally think the bailout is a scam. Paulson, former CEO of Goldman Sachs, after the elections, goes back to work in the industry he is now bailing out. He personally knows near to nothing about the lives of the majority of Americans. From WiKi the easy facts. "He worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973." "He joined Goldman Sachs in 1974, working in the firm's Chicago office. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest ... Read Full Story