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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Henry Paulson

Henry Paulson stories: 227 news summaries

1 - 20 of 227 Stories | 1 2 3 4 5 ... 12 Next >>

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 Goldman Seizes Homes 
 as Securities Sour 




Just getting them to admit they hold your mortgage can be an ordeal

Nov 2, 09 8:21 AM CST
(Newser) - Imagine finding yourself in a foreclosure battle and discovering that your opponent isn't the obscure lender who wrote your insane mortgage, but the formidable Goldman Sachs. It seems that after years of buying subprime mortgages and packaging them into bonds, at a handsome profit, Goldman is now in the business... More »

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housing market • Goldman Sachs • subprime mortgages • Henry Paulson • foreclosure • subprime crisis • mortgage defaults

GLOSSIES

8 Days That Shook the Financial World

James Stewart on the week that Lehman failed, and meltdown loomed

Sep 16, 09 9:35 PM CDT
(Newser) - James Stewart’s reconstruction of the 8 nail-biting days, a year ago, in which the federal government stepped in to stop the collapse of the world financial system—published in the New Yorker this week, just as Fed chief Ben Bernanke was declaring the recession officially over—makes riveting, tense... More »

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Ben Bernanke • New Yorker magazine • Goldman Sachs • Henry Paulson • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • AIG • financial crisis • Timothy Geithner • James Stewart

(Newser) - Anybody seen $700 billion? The government watchdogs charged with overseeing TARP spending don't seem able to answer even basic questions about where the money went, Chris Adams writes at McClatchy. A special inspector general, a congressional panel, and eight other inspectors general are supposed to be keeping track of the... More »

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Henry Paulson • watchdog • Treasury Department • Government Accountability Office • bailout • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP • Neil Barofsky

ANALYSIS

 Paulson Still Dogged 
 by Ethics Queries 

Ex-Goldman exec coddled firm as Treasury sec, critics say

Aug 9, 09 11:28 AM CDT
(Newser) - As a former Goldman Sachs exec, Henry Paulson vowed to avoid any potential conflicts of interest when he was appointed President Bush’s Treasury secretary. But seven months after he left office, the nagging questions surrounding Paulson’s tumultuous term in office suggest he may not have succeeded, Gretchen Morgenson... More »

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ethics • Wall Street • Goldman Sachs • Henry Paulson • AIG • Treasury Department • Lloyd Blankfein • bailout • conflict of interest • Wall Street bailout

Paulson: BofA-Merrill Deal Saved US From 'Great Peril'

Actions saved nation from 'great peril,' he says

Jul 16, 09 11:15 AM CDT
(Newser) - Former Treasury Secretary Henry Paulson says his role in Bank of America’s acquisition of Merrill Lynch was appropriate and necessary, MarketWatch reports. “I am confident that our responses were substantially correct and that they saved this nation from great peril,” Paulson told a House oversight committee today... More »

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Bank of America • Federal Reserve • Henry Paulson • Merrill Lynch • economy • financial crisis • Wall Street bailout • TARP • Ken Lewis • Edolphus Towns

(Newser) - The recession has been good to Goldman Sachs: The world’s most powerful investment bank snatched $10 billion in TARP funds, reclaimed $13 billion from AIG, watched archrival Lehman Brothers disintegrate, and found alumni spearheading Washington’s economic rescue effort. But this isn’t new, Matt Taibbi writes in a... More »

MORE ABOUT:
Barack Obama • cap and trade • Goldman Sachs • Henry Paulson • AIG • TARP

Bernanke Denies Threatening BofA Boss Over Merrill

He battles accusations that he strongarmed he company

Jun 25, 09 11:42 AM CDT
(Newser) - On Capitol Hill today, Federal Reserve chair Ben Bernanke denied he threatened the job of Bank of America’s CEO when Ken Lewis hesitated on the Merrill Lynch merger last fall, CNNMoney reports. “I did not tell Bank of America’s management that the Federal Reserve would take action... More »

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Ben Bernanke • Bank of America • Federal Reserve • Henry Paulson • House Committee on Oversight and Government Reform • Darrell Issa • Ken Lewis

(Newser) - Ben Bernanke and Henry Paulson may have leaned on Bank of America CEO Ken Lewis too heavily last year when he tried to back out of a deal to acquire Merrill Lynch, say congressional investigators. In fact, a GOP briefing document says the two Bush officals "put a gun... More »

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Ben Bernanke • Bank of America • Federal Reserve • Henry Paulson • merger • Merrill Lynch • Treasury Department • John Lewis • Wall Street bailout

Paulson Threatened
to Oust Lewis, BofA Board

Cuomo wants
federal investigation

Apr 23, 09 5:31 PM CDT
(Newser) - Bank of America wanted to pull out of its deal with a fast-sinking Merrill Lynch last year but changed course after then-Treasury chief Henry Paulson threatened to oust CEO Ken Lewis and the entire BofA board, the Wall Street Journal reports. The revelation came in a letter to members of... More »

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Bank of America • Henry Paulson • Merrill Lynch • Andrew Cuomo • banking industry • Ken Lewis

BofA CEO Says Feds Urged Silence on
Merrill Losses

Shareholders kept in the dark to ensure deal

Apr 23, 09 7:36 AM CDT
(Newser) - Bank of America's CEO felt pressured by Fed Chairman Ben Bernanke and Treasury chief Henry Paulson to withhold details of last year's Merrill Lynch acquisition from shareholders, including mounting losses at Merrill that triggered a $20 billion bailout, the Wall Street Journal reports. BofA CEO Ken Lewis said in testimony... More »

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Ben Bernanke • Bank of America • Henry Paulson • mergers and acquisitions • Merrill Lynch • financial crisis • Ken Lewis

20 Crime Probes Launched Into Bailout Fraud

Inspector calls TARP
'inherently vulnerable' to insider trading, abuse

Apr 21, 09 6:59 AM CDT
(Newser) - Federal authorities have begun 20 separate investigations into possible fraud, tax violations, insider trading, and other criminal activities surrounding Henry Paulson's $750 billion Troubled Asset Relief Program, reports the Los Angeles Times. It's only the first round of probes, according to the bailout program's inspector general, who called TARP "... More »

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fraud • insider trading • Henry Paulson • bailout • Inspector General • Troubled Asset Relief Program • Wall Street bailout • TARP • toxic assets

OPINION

Goldman Back on Top, Thanks to Uncle Sam

Competitors killed off, AIG conveniently saved, bank rakes in profits

Apr 15, 09 8:15 AM CDT
(Newser) - Goldman Sachs reported a $1.8 billion profit yesterday, and it owes it all to its helpful Uncle Sam, writes William Cohan in the New York Times. “Government Sachs,” as it’s come to be known, has been pulling Washington’s strings for years, and now its... More »

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Goldman Sachs • Henry Paulson • AIG

Bailout Chief Drives a Hard Bargain

TARP CIO Lambright adept at 'high-speed game of chicken'

Apr 7, 09 9:11 AM CDT
(Newser) - James Lambright, the man who gets final say over where a lot of the federal bailout money goes, is known at the Treasury, and to an ever-widening circle of executives at America’s biggest companies, as a hard-nosed bargainer, the Wall Street Journal reports. Lambright's self-professed aim is “navigating... More »

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executive compensation • Henry Paulson • Troubled Asset Relief Program • TARP • James Lambright

OPINION

 Krugman in 
 'Despair' Over 
 Toxic Asset Plan 

Dressing up Paulson's failed solution is no solution at all

Mar 23, 09 8:57 AM CDT
(Newser) - Paul Krugman has been downbeat for weeks on the Obama efforts to rescue the economy, but today he hits a new low. “This is more than disappointing. In fact, it fills me with a sense of despair,” writes Krugman in the New York Times of the White House... More »

MORE ABOUT:
Barack Obama • Henry Paulson • Paul Krugman • financial crisis • financial meltdown • Timothy Geithner • toxic assets

OPINION

Spitzer: AIG Bailout an 'Inside Job'

Scandal isn't bonuses, it's payments to influential debtors

Mar 17, 09 1:43 PM CDT
(Newser) - Eliot Spitzer is mad about AIG, and not because it’s giving out bonuses. No, the real scandal, he writes for Slate, is the tens of billions of taxpayer dollars going to pay back AIG’s counterparties. The decision to bail out AIG was made by Henry Paulson, Timothy Geithner,... More »

MORE ABOUT:
Goldman Sachs • Henry Paulson • Eliot Spitzer • AIG • Lloyd Blankfein • bailout • Timothy Geithner

ANALYSIS

Missing, Not Missed: CEOs in Obama Cabinet

Prez keeps Wall Street at arm's length, leans on pols, academics

Feb 20, 09 10:02 AM CST
(Newser) - To the multitude of differences between the Obama administration and its predecessors, add the absence of corporate CEOs from Cabinet meetings. The reason is simple, reports Politico: There aren't any. Recent Wall Street-to-Washington catastrophes such as the Bush Treasury Department aren't the only reason, either. "Obama’s more... More »

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Barack Obama • CEO • Henry Paulson • business • Eric Schmidt • Terry McAuliffe • Robert Rubin • Obama administration • Obama Cabinet

Panel: Paulson Overpaid for Bank Stocks

Treasury spent $254B for a $176B value, Congress learns

Feb 6, 09 11:29 AM CST
(Newser) - Henry Paulson overpaid for the preferred stock he bought from banks with TARP funds, after promising Congress he wouldn’t, a congressional oversight panel says. The government handed banks $254 billion in exchange for stock that was then worth just $176 billion, the Washington Post reports. “Treasury simply did... More »

MORE ABOUT:
Henry Paulson • Treasury Department • Troubled Asset Relief Program • TARP

Pols Sending TARP Funds
to Home State Banks

Frank, others pull strings for bailout funds

Jan 22, 09 9:13 AM CST
(Newser) - Only healthy banks are supposed to get TARP funds, and OneUnited Bank in Boston is not a healthy bank. So why did it wind up pocketing a $12 million infusion from the Treasury? Because powerful Massachusetts Rep. Barney Frank interceded for it, the Wall Street Journal reports. Bankers, regulators,... More »

MORE ABOUT:
Henry Paulson • Massachusetts • bank • Alabama • Barney Frank • bailout • Troubled Asset Relief Program • financial crisis • TARP

ANALYSIS

Banks Relish Public Funds, Won't Loan to Public


Jan 18, 09 7:35 AM CST
(Newser) - Banks are enjoying a public bailout of billions of dollars, but they're not using the funds the way the way they were intended—to loan money to kickstart the economy, reports the New York Times. Banks are using the bucks to pay off debts and, in some cases, acquire companies.... More »

MORE ABOUT:
Henry Paulson • loans • lending practices • Federal government • bailout • economy • banks • emergency lending

'Bad Bank' for Toxic Assets Among Feds' TARP Options

Paulson, Bair show support creating federally sponsored institution

Jan 16, 09 2:12 PM CST
(Newser) - Support is growing for the latest proposed use of bailout funds: a federally sponsored “bad bank” to purchase toxic assets from troubled financial institutions, Bloomberg reports. “A lot of work has been done on an aggregator bank,” Treasury Secretary Henry Paulson said today; FDIC chief Sheila Bair... More »

MORE ABOUT:
Ben Bernanke • Henry Paulson • mortgage • FDIC • bailout • Treasury secretary • financial crisis • Sheila Bair • President Obama • TARP

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