Secretary Hank Paulson

It was a tall order last fall when then-Treasury Secretary Hank Paulson Jr. asked Congress for $700 billion and nearly unilateral power over how to spend it. With the nation on the precipice of economic Armageddon, Paulson's request was granted. But now, as financial reform legislation makes its way through Congress, some lawmakers are worried that Paulson's replacment, Timothy Geithner, may be attempting another Paulson-like power play...  

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...  

Felix Salmon and Reuters highlights a damning passage from Andrew Ross Sorkin’s new tome on the decline and fall of the global economy. It details a late June 2008 meeting between then Treasury Secretary Hank Paulson and the board of Goldman Sachs, his former firm, at the Marriott Grand in Moscow: Paulson regaled his old friends [...]  

The book, published today, describes in detail what happened on September 13 and 14 last year, when Hank Paulson, the US Treasury Secretary, his successor Tim Geithner — then president of the New York Federal Reserve — and Christopher Cox, chairman of the Securities and Exchange Commission, were battling to prevent the fall of Lehmans. Their plan was for other banks to underwrite its most toxic assets. The investment banking division, the most...  

Bloomberg has an article this morning that reads like a hard-hitting investigative journalism piece. It turns out they've uncovered that some of Treasury Secretary Timothy Geithner's aides earned millions of dollars working for Wall Street banks. Bloomberg might also be shocked to learn that former Treasury Secretary Hank Paulson actually was the CEO of Wall Street behemoth Goldman Sachs, and consequently surrounded himself with his Wall...  

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...  

Treasury Inspector General Neil Barofsky has released another biting report on his department's mismanagement of the Troubled Asset Relief Program (TARP). This latest assessment will probably make former Treasury Secretary Hank Paulson's retirement a bit less comfortable and Bank of America CEO Ken Lewis' likely court appearances a whole lot more interesting. Barofsky, whom Mother Jones profiled last week, accuses Paulson of misleading...  

Before we get to the new TARP IG revelations of Hank Paulson’s deceit on the health of financial institutions, let’s take a trip down bank bailout memory lane. He’s been misleading America from Day One.On September 19, 2008, I declared the death of fiscal conservatism:Bush Treasury Secretary Hank Paulson just wrapped up his press conference announcing the Mother of All Bailouts. He said a “bold” approach was needed to achieve “stability” in...  

I'm sure this will come as an enormous shock to you, but it looks like Treasury Secretary Hank Paulson and Fed chairman Ben Bernanke lied to the public about the soundness of banks that were getting hundreds of billions in government loans to stay afloat. Special Inspector General Neil Barofsky generally found that the government had acted properly in October 2008 as it scrambled to implement the Troubled Asset Relief Program to avert the...  

CHARLOTTE, N.C. - Bank of America Corp. said Wednesday it has agreed to sell First Republic Bank, a private bank it inherited from Merrill Lynch & Co., to a group of investors. The buying group is led by private-equity firms General Atlantic LLC and ...  

RANDY LEONARD WANTS TO BUY MADE IN OREGON SIGN!!! And change it to read "Portland." At least, that's what he says he wants it to say. This week. ILLUSTRATION BY BT LIVERMORE A ROOF FOR PGE PARK??? Oh, goody! Can it say "Portland" on it, too? APPLE PROFITS SURGE 47% And you bought stock. Right? Tell me you bought stock, already. CEO PERKS BOOM AFTER BAILOUT!!! That would be the bailout organized by Hank Paulson. Father of Merritt Paulson, who...  

Felix Salmon wonders what Hank Paulson was thinking. Me too: The secret Paulson-Goldman meeting, by Felix Salmon: Andrew Ross Sorkin’s new book is out today, and breaks some pretty stunning news, dating from the end of June, 2008. At this...  

" Today, Timothy Geitner is the Secretary of the Treasury, having succeeded Hank Paulson, late of Goldman Sacks—which directly benefitted from the AIG both in the run-up to its collapse, and in the bailout orchestrated by . . . Paulson. And the ...  

Raj-Raj and Hank Paulson yuk it up at a business and technology conference, November 2004. [via] Sponsored Topics: Henry Paulson - Business - Management - Conferences - Past  

WASHINGTON -(Dow Jones)- Deputy U.S. Treasury Secretary Neal Wolin will travel to three African countries later this month, the first such trip to Africa by a senior Treasury Department official during the Obama administration. Wolin will meet with ...