Secretary Hank Paulson

I was ready to tear the control panel off the treadmill I was on as I watched Treasury Secretary Henry Paulson try to explain to The White House Press Corps how the current administration was not responsible for the financial problems that have led to the collapse of yet 2 more of Americas financial institutions over the weekend. With the collapse of 158 year old Lehman Brothers and Merrill Lynch being gobbled up by Bank of America, Paulson layed the blame on the “adjustment” of the... Read Full Story

Live! From the White House: Treasury Secretary Henry Paulson Holds Press Conference Read Full Story

I came across this blurb on Politico.com's "The Huddle": CANCELLED: Treasury Secretary HANK PAULSON ditches a planned appearance before the Senate Banking Committee. A committee aide notes, unhappily, that Paulson somehow has found time to speak at Brookings today instead. It's so nice to know that our leaders have their priorities in place. I wonder if the MSM will have the courage to call out Mr. Paulson on this one. Some news organization, I presume, will be at the Brookings Institution... Read Full Story

Lou Dobbs' rant about Treasury Secretary Paulson yesterday was way over-the-line. He did more than challenge Paulson's policies and proposals, he attacked him personally with some of the most condescending and insulting language I have heard from a host on CNN. Here's a transcript of Dobb's rant: DOBBS: Well this Treasury secretary is the same buffoon who said a week ago there wasn't a problem, two weeks ago wasn't a problem, three weeks ago and really we don't care what he wants. He is... Read Full Story

This is a classic... From the FT: Click here for music to go along with words A long, long time ago, I can still remember, How much wealth there was in the Square Mile, And I knew that if I had my chance, I could make it in finance, And maybe I’d have money for a while. But subprime assets made me shiver, With every product I’d deliver, Bad news in the press(es), Just look at those CDSs. I can’t remember if I cried, When my salary was pushed aside, But something resounded worldwide, The week... Read Full Story

Live! From the White House: Treasury Secretary Henry Paulson Holds Press Conference Read Full Story

Live! From the White House: Treasury Secretary Henry Paulson Holds Press Conference Read Full Story

Live! From the White House: Treasury Secretary Henry Paulson Holds Press Conference Read Full Story

*FULL CLIP* Interview with Treasury Secretary Henry Paulson (19 Minutes and 19 Seconds) Read Full Story

Oh, for God’s sake. Citigroup is flying high again. The U.S. federal government on Sunday announced a massive rescue package for Citigroup, saying it would guarantee more than $300 billion in company assets, while injecting an additional $20 billion in capital into the embattled bank. In exchange for the assistance, the government would get an additional $7 billion stake in Citigroup. The bank would be prohibited from paying out a dividend of more than a penny per share and would face... Read Full Story