A community guide to Hank Paulson and the Department of the Treasury. Henry "Hank" Merritt Paulson is the United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs.
HOLY SH!T!!! Japan and China lead flight from the dollar Japan and China led a record withdrawl of foreign funds from the United States in August, heightening fears of a fresh slide in the dollar and a spike in US bond yields. Data from the US Treasury showed outflows of $163bn (£80bn) from all forms of US investments. "These numbers are absolutely stunning," said Marc Ostwald, an economist at Insinger de Beaufort. Asian investors dumped $52bn worth of US Treasury bonds alone, led by Japan... Read Full Story
Connecticut Democrat Chris Dodd has realized one thing, the NY Times still runs the agenda for his party. Dodd, realizing 99% of American's not only do not know who he is but also do not know he is running for President, found a way to get himself some publicity today. He decided to question the integrity of someone most American's do know: Treasury Secretary Hank Paulson. On a side note, if more folks know who the head guy at Treasury is than know who you are, and you are running for... Read Full Story
And yet one more grim outlook on the housing market! According to Treasury/Secretary, Henry Paulson, he stated, "The unfolding housing crisis presents a significant risk to the economy," in a speech delivered at Georgetown University’s law school this morning. What they are saying is that: Housing is getting worse and this is a crisis in slow motion! Paulson continued, “Let me be clear, despite strong economic fundamentals, the housing decline is still unfolding and I view it as the most... Read Full Story
Secretary Paulson has abandoned his brilliant idea of having the Treasury Dept. to buy up all that "toxic waste" that was floating around. It sounded crazy to begin with to me, and now he must have re-thunk it. You know how the right-wingers keep yelling out "redistribution of wealth" - well, this plan would have been a "redistribution of risk" <
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Paulson, Darling Warn on Economy By LAURENCE NORMAN July 3, 2008 9:00 a.m. LONDON -- U.S. Treasury Secretary Henry Paulson ended a four-day European trip Thursday, joining with U.K. Finance Minister Alistair Darling to warn that the near-term economic outlook remains difficult and the global inflation threat is serious. Days ahead of the Group of Eight leaders meeting in Japan, Mr. Paulson said high oil prices represent a "strong headwind" for the U.S. economy and are likely to prolong its... Read Full Story
- Federal Reserve policy makers don't expect to know for days whether their Aug. 17 discount-rate reduction will succeed at calming markets, Fed watchers say. Yields on three-month Treasury bills yesterday fell the most since the 1987 stock-market crash as money market funds dumped asset-backed commercial paper in favor of the shortest- maturity government debt. Fed officials, who said they would accept everything from home-equity finance to municipal bonds as collateral for loans, expect... Read Full Story
Treasury Secretary Hank Paulson gave an upbeat interview to The Wall Street Journal Wednesday, assuring everyone that the current credit market turmoil will "extract a penalty" but not lead to recession. We tend to agree, but Mr. Paulson would have done better spending his time smoothing over KKR Financial Holdings's commercial paper blowup instead. His words didn't stop another wild market ride yesterday. The point is that, in a market dominated by fear, what Mr. Paulson says means much less... Read Full Story
Since Secretary Paulson's remarks on the housing bubble in the Newshour segment for Thursday May 17, Treasury Secretary Discusses Wolfowitz , Chinese Economy , may have been drowned out by more salacious developments in the world of high level banking I give them here: JIM LEHRER : One final question, and a third subject. How worried are you about the slump, so-called slump in the housing market in the United States right now? And what kind of damage, if any, is it doing to the economy? HENRY... Read Full Story
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From Spain's Princess Letizia to Italy's Mara Carfagna, the game of politics is no stranger to beautiful, powerful women. Following is a list of women whose influence is matched only by their sheer hotness.
We've rounded up the fifty most infamous female teacher sex scandals the Internet has seen, and ranked them from most famous to least. We do it because we care.
