Secretary Hank Paulson

First, let me take us back, to a dark time just over a year ago, when the financial markets were collapsing, and Treasury Secretary Hank Paulson went hat in hand to Congress, begging $700 billion for a program called TARP. On September 24, 2008, Paulson described the program this way: The $700 billion program we have [...]  

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  

This: Never happens. Hank Paulson eats people like you for breakfast. He never met a striped bass he wouldn't dispassionately shove a hook into and call dinner. But show him a bird in peril and the former Treasury Secretary and Goldman Sachs CEO breaks like a little girl. From Bethany McLean's story in the new Vanity Fair: "Paulson is a walking set of contradictions. A fiercely competitive man, he is also an avid conservationist who...  

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...  

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...  

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...  

Just how extensive were the ties that bound Hank Paulson, Bush's Treasury secretary, to his former employer, Goldman Sachs? On Tuesday, two watchdog groups told Mother Jones that Paulson could have broken ethics laws by meeting secretly with Goldman's board of directors in Moscow months before he obtained an ethics waiver allowing him to work on issues affecting the investment bank. That incident was reported by Andrew Ross Sorkin in his new...  

It includes: the treasury secretary under Bill Clinton (Robert Rubin); the treasury secretary under George Bush (Hank Paulson); the current president and former chairman of the New York Federal Reserve (William Dudley and Stephen ...  

A year ago, you'd have called me a conspiracy theorist if I suggested that the Secretary of the Treasury - the man responsible for doling out $700 billion - was having secret meetings in Russia with Goldman Sachs. Some of you should start becoming less dismissive of "conspiracy theories." This one is true: When Paulson learned that Goldman’s board would...  

Jospeh Tibman submits:After toiling to cobble together an industry solution to prevent a Lehman failure, the government, in the person of Hank Paulson, flanked by Geithner and Bernanke, determined that Lehman would file for bankruptcy. Paulson was very clear that he could not stomach another bailout, on the heels of Freddie (FRE), Fannie (FNM) and Bear. He was very specific that Wall Street would have to learn a "moral hazard" lesson.From a...  

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...  

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 ...  

If the White House and congressional leaders get their way, the vaunted new oversight council charged with overseeing systemic risk in the financial markets will actually be a house organ of the Treasury Department, lacking the independence required to challenge decisions by government regulators, among others. Rep. Keith Ellison (D-Minn.) last week tried to fix that, by offering an amendment in the...AMERICAblog (subscribe) : Independence of...  

Average quality rating by the Stockhouse community. In a recent quarterly letter to investors obtained by Bloomberg News, Paulson discussed his firm’s position in Toronto-based gold explorer Gabriel Resources Ltd. (GBU.TSX), whose stock he believes ...  

" 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 ...