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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Henry Paulson

Henry Paulson stories: 227 news summaries

81 - 100 of 227 Stories | << Prev 1 2 3 4 5 6 7 8 9 ... 12 Next >>

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Paulson Picks Goldman Alum to Oversee Bailout Fund

35-year-old to keep
seat warm until Jan.

Oct 6, 08 9:59 AM CDT
(Newser) - Treasury Secretary Henry Paulson will name former Goldman Sachs banker Neel Kashkari to oversee the $700 billion bailout fund approved last week, reports the Wall Street Journal. The appointment is an interim one for Kashkari, 35, currently an assistant Treasury secretary; a new administration would almost certainly appoint its own... More »

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Goldman Sachs • Henry Paulson • Treasury Department • subprime crisis • bailout • financial crisis • Neel Kashkari

ANALYSIS

 Paulson Lost Some Cred 

Demands and attitude have soured a once promising relationship between the administration and lawamakers

Oct 4, 08 5:01 PM CDT
(Newser) - Treasury Secretary Henry Paulson may have gotten what he wanted from Congress on the Wall Street bailout, but his performance in selling the deal left lawmakers with a sour taste, the Wall Street Journal reports. Many think his original proposal, which would have granted him virtually unlimited powers, and... More »

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Congress • Wall Street • Henry Paulson • Treasury Department • credit crisis • bailout • financial crisis • enmity

For Paulson, Toughest Part Lies Ahead

Treasury has just weeks to create asset-buying behemoth

Oct 4, 08 8:34 AM CDT
(Newser) - The real work for the Treasury Department begins now that the bailout bill has passed, the New York Times writes. Secretary Henry Paulson has less than a month to get a massive asset management firm up and running, and to start pricing the toxic securities that have flummoxed experts. The... More »

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Henry Paulson • asset management • Treasury Department • credit crisis • securities • bailout • financial crisis

California, Out of Cash,
Begs for $7B From Treasury

Cash-starved Calif,  credit markets, may need bailout of its own

Oct 3, 08 8:28 AM CDT
(Newser) - California is almost out of cash, Gov. Arnold Schwarzenegger warned the Treasury Department yesterday, and may need an emergency loan of up to $7 billion from the federal government, the Los Angeles Times reports. California is the largest of several states locked out of the bond market by the credit... More »

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California • Arnold Schwarzenegger • Henry Paulson • Treasury Department • credit market • credit crisis • bond market • bailout • financial crisis

(Newser) - The Senate overwhelmingly passed a historic $700-billion bill tonight to salvage the US economy, MSNBC reports. Senators backed the measure 74-25, hailing changes to the House measure that would aid the middle class and small businesses. Senate leaders said they hoped their bill would persuade House members to get on... More »

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Senate • Henry Paulson • vote • bailout • financial crisis

OPINION

Better Than a Bailout:
Boost FDIC Coverage to $1M

Higher deposit insurance would bring money in, help thaw credit markets

Oct 1, 08 10:17 AM CDT
(Newser) - Congress should stop fighting over the Paulson bailout, writes BusinessWeek economist Michael Mandel, and approve an expansion of FDIC deposit insurance to $1 million. It should also triple deposit insurance reserves to $145 billion. It would solve the immediate problem, calming the hysteria in the market, and attract funds to... More »

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Henry Paulson • FDIC • investment banks • commercial banks • banking industry • financial crisis • Sheila Bair

Fed, Treasury Fall Back on Existing 'Inadequate' Tools

With no federal deal, agencies limited to ad hoc solutions

Sep 30, 08 11:42 AM CDT
(Newser) - With yesterday’s failure of the $700 billion bailout, the Fed and Treasury are reconsidering their options, the New York Times reports. Fearful of cutting interest rates, they're back to rescuing struggling institutions on a case by case basis, and printing money—offering $150 billion in emergency loans to banks... More »

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Ben Bernanke • Federal Reserve • Henry Paulson • Treasury Department • credit crisis • bailout • banking industry • financial crisis

OPINION


 Papers Frothing Over 'No' Vote 

Editorials mostly disparage Congress, Administration

Sep 30, 08 10:33 AM CDT
(Newser) - As Monday’s “no” vote resounded down Wall Street, editorial writers across the country fired up their typewriters. Here’s what the country’s top papers are saying: 
  • Congress earned its 10% approval rating yesterday, the Wall Street Journal says, particularly Nancy Pelosi —“Tom
... More »

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Congress • Henry Paulson • newspaper editorials • bailout • financial crisis

analysis

 Bailout Vote Shows 
 Bush's Power Waning 

Huge defeat contrasts with days of willing Congress

Sep 30, 08 6:56 AM CDT
(Newser) - The bailout bill’s failure to pass the House—due in large part to defectors from his own party—demonstrates President Bush’s flagging influence in Washington, observes the Washington Post. Bush’s “biggest legislative defeat” as president, it highlighted his tendency to rely on alarmist rhetoric—repeated dire... More »

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Congress • Henry Paulson • bailout • George W. Bush • bill • financial crisis

analysis

 Paulson's Power Would Be 
 Unprecedented 

Some checks from Congress, but Treasury will hold the keys

Sep 29, 08 10:41 AM CDT
(Newser) - Though its passage remains uncertain, the bailout bill would make Henry Paulson the most powerful mortgage financier in history, Peter Gosselin writes in the Los Angeles Times. Paulson got nearly everything he asked for; restrictions supposedly reining him in are little more than window dressing. Additions like the Democrats’ housing-relief... More »

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Henry Paulson • Treasury Department • bailout • Treasury secretary • financial crisis

ANALYSIS

Here Come the Peasants With Pitchforks

Meltdown, bailout provoke populist fury against Wall St., DC

Sep 29, 08 10:19 AM CDT
(Newser) - The financial meltdown may have brought simmering economic resentments to a boil and prompted a populist backlash, writes Nina Easton in Fortune. Public opinion indicators—polls, calls to Congress—show widespread fury at the bailout. Long-building anger over growing economic inequality may have combined with disgust at the current crisis... More »

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Newt Gingrich • Henry Paulson • credit crisis • bailout • financial crisis

 Deal Reached on Bailout 

Bill would address exec salaries, hold equity stake for taxpayers

Sep 28, 08 5:08 AM CDT
(Newser) - Congress and the Bush administration have agreed on a preliminary plan for the $700 billion bailout bill, Washington leaders said after emerging from talks after midnight this morning. Though details need ironing out, “I think we're there,” announced Treasury Secretary Henry Paulson. Work was to continue with a... More »

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Congress • Henry Paulson • compromise • subprime crisis • bailout • bill • financial crisis

OPINION

 Market to Congress: Time's Up 

New plans simply can't be negotiated in time

Sep 27, 08 11:50 AM CDT
(Newser) - Henry Paulson’s bailout plan isn’t perfect, writes Joe Nocera in the New York Times, but we have to enact it anyway because time has run out. “With every passing day, Congress is fiddling while Rome is burning,” says Nocera, just last week a bailout opponent.... More »

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Congress • Henry Paulson • markets • credit market • bailout • financial crisis

ANALYSIS

Execs Were Paid $3B to Lay Credit Crisis Foundation

Wall Street chieftains were well rewarded for risks they took in 2003-07

Sep 26, 08 5:45 PM CDT
(Newser) - More than $3 billion was paid to the chief executives of the five biggest financial firms on Wall Street in the run-up to the credit crisis, Bloomberg reports. While supervising bad mortgage-related credit bets that eventually brought the financial system to its knees, Merrill Lynch’s Stanley O’Neal took... More »

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executive compensation • Goldman Sachs • CEO • Henry Paulson • Bear Stearns • Merrill Lynch • James Cayne • credit crisis • Stanley O'Neal • compensation • investment banks • JPMorgan Chase • financial crisis

ANALYSIS

Goldman Sachs
Is DC's Top
Sugar Daddy

$43M since '89 on lobbying, donations greases bailout wheels

Sep 26, 08 2:20 PM CDT
(Newser) - Goldman Sachs has given Washington plenty of reasons to help it out—43 million reasons, to be precise. Goldman bankers have been the nation’s biggest campaign contributors this year, and have poured more than $43 million into lobbying and campaign war chests since 1989, ABC News reports. “They... More »

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Barack Obama • John McCain • campaign finance • Goldman Sachs • Henry Paulson • lobbying • campaign contributions • bailout • financial crisis

OPINION

Swallow the Anger and Pass
a Bailout: Pearlstein

Time to act, act fast, and be prepared to act again in the future

Sep 26, 08 12:18 PM CDT
(Newser) - It's time to suck it up and pass a Wall Street bailout, Steven Pearlstein writes in a blunt piece in the Washington Post. "You're angry. I'm angry," he writes, about having to rescue a bunch of irresponsible high-fliers who put the financial system at risk. But the reality... More »

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Henry Paulson • credit crisis • bailout • financial crisis

The GOP Plan: Less Regulation, Private Funding

Bush, Paulson, Dems reject conservative counterproposal

Sep 26, 08 8:09 AM CDT
(Newser) - When John Boehner scuppered the nearly-sealed bailout deal at yesterday's meeting, the House minority leader proposed an alternative plan: a bank-financed insurance system that would rescue individual mortgages. Under the GOP proposal, the government would not buy up the toxic mortgage-backed securities at the heart of the crisis but instead... More »

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John McCain • Ben Bernanke • Henry Paulson • John Boehner • credit market • mortgage backed securities • bailout • George W. Bush

 How the Bailout 
 Talks Broke Down 

Partisanship, an alternative plan undercut consensus

Sep 26, 08 7:00 AM CDT
(Newser) - Hopes were high yesterday morning that a deal was imminent for Treasury Secretary Henry Paulson’s bailout plan, but a surprise GOP revolt at a tense summit with Bush and the presidential candidates scuttled the agreement, and plunged the capital into partisan bickering last night, the New York Times reports.... More »

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Nancy Pelosi • Henry Paulson • partisanship • bailout • George W. Bush • bill • financial crisis

opinion

 Bailout Standoff 
 Brings Out Worst 
 in Both Candidates 

Despite differing reactions, solutions 'vaguely similar'

Sep 25, 08 2:31 PM CDT
(Newser) - The financial crisis is turning the presidential campaign into a “Goldilocks story," Gail Collins writes in the New York Times. McCain, “desperately reinventing his position every day,” has halted his campaign to focus on Wall Street, while Obama has coolly mentioned he may skip out on... More »

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Barack Obama • John McCain • Henry Paulson • Election 2008 • bailout • George W. Bush • Sarah Palin • financial crisis

OPINION

 We Don't Really Need a Bailout 

With investment banks dead, the point of this is ... what, exactly?

Sep 25, 08 1:22 PM CDT
(Newser) - Now that all the big investment firms are no more, why exactly do we need a bailout? Paulson’s plan involves buying assets that are illiquid, but not worthless. “But regular banks hold assets like that all the time,” writes James Galbraith in the Washington Post.... More »

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Henry Paulson • Treasury Department • FDIC • bailout • investment banks • financial crisis

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