Secretary Hank Paulson

GOLDMAN SACHS CEO turned Treasury Secretary Hank Paulson wasn't the first, or the last, to use the revolving door between Wall Street and Washington. Here's a short list of Obama officials who got their start in the private sector—many, like Paulson, at "Government Sachs." OFFICIAL CURRENT ROLE IN WASHINGTON PREVIOUS ROLE ON WALL...  

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...  

Billionaire Warren Buffett will sit down with former Treasury Secretary Hank Paulson to talk about the economy at an Omaha event next year. Buffett, who is CEO of Berkshire Hathaway Inc., and Paulson, who led the Treasury during last year's economic meltdown,... Berkshire Hathaway - Warren Buffett - Omaha Nebraska - United States - Berkshire  

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 [...]  

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...  

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...  

When Neel Kashkari was tapped as the TARP inspector general, the 35-year-old Goldman Sachs alumnus was thrust under a spotlight so bright and hot that most people would have been reduced to ash. As the face of the $700 billion bailout, he instantly had 300 million enemies. His life was turned upside down, his high-school yearbook photos were published, he was battered to a bloody pulp in front of Congress (figuratively), and, oh yes, he...  

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  

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...  

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...  

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 ...