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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Henry Paulson

Henry Paulson stories: 227 news summaries

61 - 80 of 227 Stories | << Prev 1 2 3 4 5 6 7 8 ... 12 Next >>

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Homeowners Need Bailout, Too: FDIC Chief

Regulator clashes with Paulson, Bernanke over relief for lenders

Oct 16, 08 9:25 AM CDT
(Newser) - The FDIC chief is blasting the White House and Congress for focusing the $700 billion bailout on financial institutions and not giving homeowners facing foreclosure more help, reports the Wall Street Journal. Sheila Bair, a Bush appointee, says the government’s insistence that homeowners not profit from its help—... More »

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Ben Bernanke • Henry Paulson • FDIC • housing crisis • subprime crisis • bailout • financial crisis • Wall Street bailout • Sheila Bair

A $250B Offer They Couldn't Refuse

In brief meeting, Paulson gave banks a 'take it or take it' deal

Oct 15, 08 7:47 AM CDT
(Newser) - When the CEOs of America's 9 largest banks arrived at the Treasury at 3pm Monday afternoon, they each received a draft one-page statement promising to sell shares to the government. By 6:30 they'd all signed them. The New York Times reconstructs the meeting, during which Henry Paulson wore down... More »

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Bank of America • CEO • Henry Paulson • Wells Fargo • Treasury Department • financial crisis • recapitalization

OPINION

Where Is Wall Street's Leadership in This Mess?

Finance could take steps to mend the crisis of confidence

Oct 14, 08 12:53 PM CDT
(Newser) - It’s easy to criticize Hank Paulson, writes Steven Pearlstein for the Washington Post—for not predicting the depth and breadth of the crisis as subprime mortgages went sour a year ago, for letting Lehman Brothers fail, or for taking his lead from the UK this weekend. But Paulson and... More »

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Wall Street • Henry Paulson • Lehman Brothers • bailout • Main Street • financial crisis • Wall Street bailout

(AP) - President Bush this morning confirmed the government's $250 billion plan to buy shares in banks, in the latest move to calm the turmoil in the financial markets and stave off a deep recession. Speaking from the Rose Garden after an early-morning meeting with economic advisers, Bush said the move will... More »

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Henry Paulson • financial markets • bailout • George W. Bush • financial crisis • Wall Street bailout • financial meltdown

Paulson to Banks: Do It for Your Country

$250B bailout needed to restore faith, keep capital at home

Oct 14, 08 1:00 AM CDT
(Newser) - The $250 billion plan to guarantee new bank debt and unlimited bank deposits in certain accounts isn’t just an option, Treasury Secretary Paulson told the chiefs of nine banks yesterday; it’s for the good of the country. The plan, the country’s response to similar European banking actions,... More »

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Henry Paulson • Treasury Department • credit crisis • FDIC • bailout • financial crisis • Wall Street bailout

Here Comes the New Bailout Plan

Paulson will match Europe's effort by spending $250B
on stock in 9 banks

Oct 13, 08 5:40 PM CDT
(Newser) - The US version of Europe's new financial bailout plans is coming tomorrow, the Wall Street Journal reports. In the wake of a rollout by European nations today, and soaring stock markets worldwide, Washington will do what it dissed only weeks ago: snap up billions in bank equity stakes. The... More »

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Henry Paulson • bailout • banks • financial crisis • Wall Street bailout

 World Bank 
 Vows to Stand 
 Behind Poor 

Aid to developing nations must be maintained, bank president warns

Oct 13, 08 5:18 AM CDT
(Newser) - The head of the World Bank cautioned yesterday that the economic crisis could hit developing countries the hardest, and pledged the bank’s support in helping those nations protect their poor, reports AP. Bank president Robert Zoellick warned that aid to impoverished regions must continue to flow even as the... More »

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World Bank • Henry Paulson • Robert Zoellick • developing countries • financial crisis

TALK SHOW ROUNDUP

 Talking Heads Talk Economy 

Pocketbook issues seem likely to trump racism for voters

Oct 12, 08 2:07 PM CDT
(Newser) - With little time remaining until Election Day, the Sunday talk shows focused on the ongoing economic turmoil and the racial issues roiling the presidential campaigns. Politico spins the dial:
  • On This Week, surrogates from both parties endorsed the Treasury’s capital-injection plan for banks. But guests split over an
... More »

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Henry Paulson • Ed Rendell • Barney Frank • Roy Blunt • Meet the Press • Election 2008

US Will Buy Shares in American Banks

G7 agrees on 'aggressive action plan' after emergency finance meeting

Oct 11, 08 5:43 AM CDT
(Newser) - Treasury chief Henry Paulson has announced plans to buy up shares in America's troubled banks, Reuters reports. The government will purchase equity in banks "as soon as possible," using some of the $700 billion approved by Congress to rescue the economy, Paulson said yesterday after a crisis meeting... More »

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Henry Paulson • nationalization • bank • Treasury Department • credit crisis • financial institutions • capital markets • Group of Seven • financial crisis

analysis

 Paulson Can't Sack AIG Execs 


Oct 10, 08 6:58 PM CDT
(Newser) - Barack Obama is probably far from alone in wanting the heads of AIG execs who staged a $440,000 employee spa retreat just after the government's bailout of the company. The question is, does Treasury Secretary Henry Paulson have the authority to can the wayward execs? Nope, explains Juliet Lapidos... More »

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Henry Paulson • recession • AIG • Treasury Department • bailout • Treasury secretary • financial crisis • financial meltdown

(Newser) - The finance ministers of the world's economic leaders vowed to stem the financial bleeding in international markets today after stocks plummeted yet again, Reuters reports. Reacting to pleas from investors, the IMF, and several other countries, the G7 reps pledged "urgent and exceptional action" to free up credit... More »

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Henry Paulson • credit crisis • bailout • Group of Seven • financial crisis

OPINION

US Must Save Global Economy —This Weekend

US must join UK's plan or face disaster: Krugman

Oct 10, 08 7:30 AM CDT
(Newser) - Since the collapse of Lehman Brothers the financial crisis has gone from severe to terrifying, but the response of the United States and Europe has been "woefully inadequate," writes New York Times columnist Paul Krugman. We are now at a tipping point, and if world policymakers don't... More »

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Gordon Brown • Henry Paulson • Lehman Brothers • credit market • credit crisis • bailout • rescue package • financial crisis • capital injection

Opinion

Global Economy Needs Shelter From the Storm

Think of it as a bankruptcy; with help, it can recover and thrive

Oct 9, 08 11:28 AM CDT
(Newser) - The global economy is in such chaos that it needs the equivalent of bankruptcy protection, David Ignatius writes in the Washington Post. "Bankruptcy, if properly managed, is a workout process that provides a pathway back to solvency," he argues. "Companies often reemerge from bankruptcy healthier than before;... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • IMF • global economy • credit market chaos • financial crisis

(Newser) - The Treasury Department may take part ownership of many US banks in a bid to encourage lending and shore up confidence, the New York Times reports. Under the proposal, Treasury would give banks cash in exchange for ownership stakes. In theory, that would improve balance sheets and help banks lend... More »

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Henry Paulson • credit crisis • bailout • banking industry • financial crisis

analysis

 Yes, It's Bad, 
 But the Depression It Ain't 

Economist sees differences and remains optimistic

Oct 8, 08 6:50 PM CDT
(Newser) - The economic news out of Wall Street and Washington is scary and shocking, but there's no reason to use the "D" word anytime soon, Jay Hancock writes in the Baltimore Sun. He talks with economic historian and professor Louis Galambos, who remains guardedly optimistic about the "core of... More »

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Ben Bernanke • Henry Paulson • bailout • economy • Great Depression

French Counterpart Calls Paulson Out on Lehman

Lagarde blames treasury sec's decision for increased global turmoil

Oct 8, 08 8:34 AM CDT
(Newser) - Henry Paulson's decision to let Lehman Brothers collapse was "horrendous," his French counterpart said today. Christine Lagarde told a radio interviewer that "for the equilibrium of the world financial system, this was a genuine error." Lagarde added that her government would support financial institutions threatened with... More »

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France • Henry Paulson • Lehman Brothers • Christine Lagarde

Bailout Czar Kashkari Joins World's Big Money Elite

After brisk rise through Treasury, 35-year-old has purse to rival largest sovereign funds

Oct 7, 08 1:01 PM CDT
(Newser) - A behind-the-scenes player at the Treasury Department just weeks ago, 35-year-old Neel Kashkari’s financial heft as the agency’s bailout czar puts him on par with the heads of sovereign wealth funds, Politico reports. The self-described “free-market Republican” enjoyed a meteoric rise through the department, where he was... More »

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Henry Paulson • Treasury Department • credit crisis • mortgage backed securities • Abu Dhabi Investment Authority • sovereign wealth funds • bailout • Neel Kashkari

 The Crisis Dwarfs $700B 

A US-centric band aid can't quell global markets as confidence plunges

Oct 7, 08 10:18 AM CDT
(Newser) - As the financial crisis continues to grow, the $700 billion bailout passed by Congress last week may be too little too late, the Washington Post reports. The plan may not begin relieving banks of toxic assets for another month, and, meanwhile, the crisis has gone global, making $700 billion seem... More »

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Ben Bernanke • World Bank • Europe • Henry Paulson • Chinese economy • bailout • bank failure • economy • financial crisis

Candidates Diverge on Picking the Next Paulson

McCain looks to big names; Obama seeks to sooth markets

Oct 7, 08 5:34 AM CDT
(Newser) - The post of Treasury secretary may be the most important appointment the next president has to make and John McCain and Barack Obama seem to be using different criteria, Bloomberg reports. McCain has mentioned big names like billionaire investor Warren Buffett and former eBay CEO Meg Whitman, while insiders say... More »

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Barack Obama • John McCain • Warren Buffett • Henry Paulson • Treasury Department • Meg Whitman • Robert Rubin • Election 2008 • Treasury secretary • Timothy Geithner

OPINION

 Bailout Won't 
 Bail Out Bernanke 

Nation needs explanation of how it will help

Oct 6, 08 2:42 PM CDT
(Newser) - The economic bailout plan does nothing to address the "collapse in confidence" hammering the financial system, Christopher Carroll writes for the Financial Times. Using the example of the "Bank of Rome" in August, 79 AD, the Johns Hopkins economist argues that the plan makes as much... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • US economy • Treasury Department • Pompeii • bailout • Treasury secretary • financial crisis

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