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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Henry Paulson

Henry Paulson stories: 227 news summaries

21 - 40 of 227 Stories | << Prev 1 2 3 4 5 6 ... 12 Next >>

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Report Rips TARP Strategy (or Lack Thereof)

Failure to track funds or evaluate effectiveness troubles panel

Jan 9, 09 9:25 AM CST
(Newser) - So much for transparency. A blistering draft report being issued by a congressional oversight panel today says Treasury has failed to reveal its strategy for stabilizing the financial system and failed to answer questions asked by the watchdog group, the Wall Street Journal reports. But worse still, it’s done... More »

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Congressional oversight • Henry Paulson • bailout • financial crisis • Neel Kashkari • recapitalization • TARP

Geithner Overhauls Bailout to Aid Homeowners, Small Biz

Obama team wants to cover homeowners, small business

Jan 9, 09 6:08 AM CST
(Newser) - The incoming Treasury secretary, Tim Geithner, is conducting a top-to-bottom overhaul of the $700 billion financial rescue program passed by a skeptical Congress last fall. Geithner and other Obama advisers will expand the program to cover small businesses, municipalities, and even homeowners before asking Congress for the second tranche of... More »

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Congress • Henry Paulson • Treasury Department • bailout • Obama administration • rescue package • Timothy Geithner

Lawyers Are
Big Winners
in Bailout

Veterans of S&L bailouts in catbird
seat in current crisis

Dec 29, 08 8:00 AM CST
(Newser) - For a tight-knit group of former top government officials, the current financial crisis is a golden opportunity. Veterans of the savings and loan bailout of the 1990s, these operatives, now mostly lawyers and bank advisers, are doing a brisk business telling clients how to profit from the meltdown, the More »

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Henry Paulson • bailout • banking industry • financial crisis • Wall Street bailout • savings and loan

analysis

Spending Beyond Our Means? It's All China's Fault

The time of the reckoning is here, NYT says

Dec 26, 08 12:13 PM CST
(Newser) - The financial crisis is, in part, a result of the uncomfortably tight economic embrace between the US and China, New York Times reports. China has long fostered an unsustainable credit cycle by keeping its currency artificially cheap and lending massive sums to the US. “Nobody wanted to get... More »

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China • Ben Bernanke • Henry Paulson • Chinese economy • financial crisis • Chinese exports

Paulson Wants Next $350B, But Bush May Not Ask for It

Request likely to set off more hand-wringing in Congress over bailout tactics

Dec 19, 08 11:00 AM CST
(Newser) - Treasury Secretary Henry Paulson called today for Congress to release the second half of the $700 billion bailout fund, but his plea isn’t being echoed at the White House—which would have to make the formal request, the Wall Street Journal reports. “It’s not necessarily true that... More »

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Henry Paulson • US automakers • bailout • Troubled Asset Relief Program • President Obama

ANALYSIS

Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

Dec 16, 08 9:20 AM CST
(Newser) - After refusing to bail out Lehman Brothers, the Federal Reserve funneled $87 billion to a subsidiary through JPMorgan Chase on Sept. 15, then another $51 billion the next day. The feds say they aimed to “facilitate an orderly wind-down” of Lehman’s broker-dealer operations, Andrew Ross Sorkin writes in... More »

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Wall Street • Barclays • Henry Paulson • Lehman Brothers • bailout • JPMorgan Chase • financial crisis • Andrew Ross Sorkin

 Errors Apparent: 
 2008's Worst 
 Predictions 

magazine recalls year's worst punditry

Dec 13, 08 4:42 PM CST
(Newser) - Presidential candidate Bloomberg? Nope. Russia invading the Ukraine? Hardly. Foreign Policy takes a look back at the worst predictions of the year:
  • A stabilized banking system: Shortly after Henry Paulson forecast stability on Wall Street, Citigroup’s stock price dropped 75% and closed below $5 for the first
... More »

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Henry Paulson • Michael Bloomberg • Citibank • $100 a barrel oil • Kenyan elections • Best of 2008 • William Kristol

ANALYSIS

Bush, Obama Camps at Odds on Rescue Plans

White House seeks input; Dem focused on stimulus over bailout

Dec 8, 08 10:40 AM CST
(Newser) - Growing tension between the Bush administration and its replacement is making the waters of the economic turmoil more uncertain, the Wall Street Journal reports. With the first half of the  $700 billion bailout fund nearly gone, the White House wants more input for Barack Obama on securing the next $350... More »

MORE ABOUT:
Bush administration • Henry Paulson • economic stimulus package • bailout • Obama administration • Troubled Asset Relief Program • President Obama

(Newser) - The incoming administration and the outgoing Treasury Department are at a standoff over the second half of the $700 billion bailout, reports the Wall Street Journal. Whether Barack Obama is reluctant to overstep or wary of being associated with Bush administration policies isn't clear, but the Journal reports that unidentified... More »

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Barack Obama • Henry Paulson • Treasury Department • financial crisis • Wall Street bailout • President Obama

 Paulson May 
 Hit Congress 
 for 2nd $350B 
 Next Week 

Treasury Secretary will face a tough audience as skepticism mounts

Dec 3, 08 8:17 AM CST
(Newser) - Further erosion of the economy may send Treasury Secretary Henry Paulson back to Congress for the second half of the $700 billion federal bailout next week, reports the Wall Street Journal. But skepticism over how the initial $350 billion is being administered, conflicting views on how to best use the... More »

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Congress • Henry Paulson • auto industry • bailout • Troubled Asset Relief Program • financial crisis

Private Student Loan Providers Draw Fire

Student groups oppose use of bailout funds for unregulated lenders

Nov 28, 08 3:20 PM CST
(Newser) - Private student lenders deserve no part of the Treasury’s $200 billion consumer lending program, student advocacy groups say. They charge that the largely unregulated industry preys on young borrowers with risky variable-interest loans, the Washington Post reports. “A bailout for the providers of usurious private student loans will... More »

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student loans • Henry Paulson • student loan reform • George Miller • bailout

Low Staffing Strains Feds' Rescue Plan

May have been a big reason for Paulson's TARP flip-flop

Nov 28, 08 12:55 PM CST
(Newser) - The government’s economic rescue plan continues to be hampered by an understaffed Treasury Department, the Wall Street Journal reports. With 40 employees, the Office of Financial Stability—which manages TARP—says it has about half the staff it needs, and banking regulators say there’s a big backlog... More »

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Henry Paulson • Treasury Department • transition

UPDATED

Fed Launches $800B Programs to Unlock Lending

Will lend to investors buying credit-backed securities

Nov 25, 08 7:35 AM CST
(Newser) - The Fed today unveiled a new $200 billion lending facility designed to thaw the freeze in consumer credit, the Wall Street Journal reports. The facility will lend to investors who want to buy securities backed by credit cards, auto loans, student loans, and loans to small businesses. The Fed... More »

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Henry Paulson • Treasury Department • consumer credit • Troubled Asset Relief Program

Analysis

 Bailout Gives 
 Barney Frank 
 Star Turn 

Expertise makes feisty Mass. Congressman key to handling financial crisis

Nov 24, 08 12:57 PM CST
(Newser) - Through decades in Washington, Barney Frank has developed a reputation as a brainy, if less than polite, liberal attack dog. It’s been a bumpy ride for the House Financial Services chairman, including implication in a male-prostitution scandal, writes Michelle Cottle in the New Republic—but as Congress grapples with... More »

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Congress • Henry Paulson • Barney Frank • bailout • George W. Bush • financial crisis

Obama Stimulus Plan Balloons
to $500B

Paulson, too, mulls more aggressive action, tapping bailout funds

Nov 24, 08 10:50 AM CST
(Newser) - Barack Obama’s financial team is constructing a $500 billion stimulus plan that it hopes to rush through Congress early in 2009, the Wall Street Journal reports. Obama would sign the bill, which is far more ambitious than anything discussed during the campaign, almost immediately after his inauguration. “... More »

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Barack Obama • Henry Paulson • Treasury Department • economic stimulus package • bailout • Troubled Asset Relief Program • financial crisis • President Obama • economic policies

MARKETS

 Dow Plummets 400+ Again 

Hopes dim for auto industry bailout

Nov 20, 08 3:32 PM CST
(Newser) - Stocks continued yesterday’s slide today as Congress dashed hopes for quick aid to the Detroit automakers, MarketWatch reports. Henry Paulson also undermined investor confidence by again changing the terms of TARP. The Dow fell 444.99 points to close at 7,552.29. The Nasdaq shed 70.30, closing... More »

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Citigroup • Dow Jones • General Motors • Henry Paulson • Nasdaq • S&P 500 • oil prices • Troubled Asset Relief Program

Paulson, Bernanke Defend Bailout Before House

Money for Detroit isn't the 'purpose' of the bailout: Paulson

Nov 18, 08 11:00 AM CST
(AP) - Treasury Secretary Henry Paulson told Congress today he opposes tapping a $700 billion taxpayer-funded bailout pool to help struggling US automakers. Paulson and Federal Reserve Chair Ben Bernanke were on Capitol Hill defending their management of the bailout program, just a week after the Bush administration abandoned the original strategy... More »

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Ben Bernanke • Henry Paulson • House Financial Services Committee • credit market • bailout • Troubled Asset Relief Program • financial crisis

Paulson:
We're Doing
the Right Thing

Bush administration 'creatively working'
on financial crisis

Nov 17, 08 9:00 PM CST
(Newser) - On the eve of his testimony before Congress, beleaguered Treasury Secretary Henry Paulson used last night's speech to defend the administration's response to the nation's "unprecedented" financial crisis. Paulson said without the $700 billion Wall Street bailout, things would be even worse, ABC News reports. "It's hard to... More »

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Wall Street Journal • Henry Paulson • Treasury Department • Robert Rubin • economic stimulus package • Larry Summers • economy • Treasury secretary • financial crisis • Wall Street bailout

Bailout's Execution Draws Bipartisan Ire on Hill

Treasury's point man takes heat from lawmakers

Nov 14, 08 3:38 PM CST
(Newser) - The Treasury Department's radical shift in the execution of the government bailout drew fire from both sides of the aisle in a Capitol Hill hearing today, the Washington Times reports. Neel Kashkari, point man for the $700 billion plan, felt the wrath of the House Oversight subcommittee's ranking Republican,... More »

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Congress • Henry Paulson • Dennis Kucinich • Treasury Department • credit crisis • Darrell Issa • Wall Street bailout • Elijah Cummings

FDIC Pushes Plan to Ease Mortgage Payments

Bush camp opposes using bailout funds

Nov 14, 08 8:42 AM CST
(Newser) - Officials at the FDIC are butting heads with the Bush administration over the bailout once again, yesterday outlining a plan to prevent 1.5 million foreclosures in the coming year by having banks sharply reduce monthly payments on mortgages, the Washington Post reports. The government would guarantee half the losses... More »

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Henry Paulson • foreclosure • Treasury Department • FDIC • subprime crisis • mortgage defaults • financial crisis • Sheila Bair

21 - 40 of 227 Stories | << Prev 1 2 3 4 5 6 ... 12 Next >>


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