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Will Henry Paulson Sink Detroit?
Will Henry Paulson Sink Detroit?
oxdown.firedoglake.com — Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the ... (more) Will Henry Paulson Sink Detroit?
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This sounds less bad
HorsesAss.Org — I doubt anyone can know how much it might help, but the desperation apparent in this move should be obvious. From Bloomberg: The U.S. Treasury and Federal Reserve will unveil as soon as today a lending program to shore up the consumer-finance market, using money from the government’s $700 billion rescue, two people familiar with the effort said. The Treasury and the Fed will help fund new loans packaged into securities for sale to investors, the people said. Treasury Secretary Henry Paulson, who scheduled a press conference for 10 a.m. New York time, said two weeks ago that he wants to spur lending for automobile purchases and college education while also reducing the cost of credit-card debt. If ...

Geithner Hates Bair Because She Tried to Protect Taxpayers and Help Homeowners
Firedoglake — Sheila Bair This just keeps getting more and more surreal.  Yesterday we heard that Geithner wanted Bair out of her FDIC post because she wasn't a team player.  Today we find out what specifically she wasn't a team player on.  First, the Citigroup takeover of Wachovia: Fargo & Co. days after agreeing to back an initial deal with Citigroup. Geithner was concerned that allowing the Citigroup ...

Maiden lane
SCSUScholars — I was watching Michele Bachmann's latest video from Fox on the amount of extra-constitutional authority she feels Sec. Geithner and Federal Reserve Chair Bernanke had taken in the bailout. It might be worthwhile to recall what current Obama adviser Paul Volcker said about the Bear Stearns a year ago: ``The Federal Reserve has judged it necessary to take actions that extend to the very edge of its lawful and implied powers, transcending in the process certain long-embedded central banking principles and practices,'' Volcker said in a speech to the Economic Club of New York. Fed Chairman Ben S. Bernanke last month agreed to lend against Bear Stearns securities, paving the way for JPMorgan Chase & ...

Treasury Lied, The Economy Died ( a Little Bit More)
Hit & Run — The Treasury Department "lost credibility" when it said its first capital injections from the $700 billion financial rescue were for healthy banks, the inspector general for the Troubled Asset Relief Program said. In a report issued today, the inspector, Neil Barofsky, said then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke had concerns about the ...

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Henry Paulson - Person of the Year 2008
time.com 12/17/2008 — When he arrived in Washington as Secretary of the Treasury in the summer of 2006, Henry M. (Hank) Paulson Jr.'s top priority was to make certain that his department would have independence and clout. If he was giving up the top job at Goldman Sachs, ...
Will Henry Paulson Sink Detroit?
tpmcafe.talkingpointsmemo.com 11/20/2008 — Henry Paulson's main claim to fame is getting just about everything wrong in his tenure as Treasury secretary. However, he now stands to gain lasting notoriety as the person who destroyed the domestic U.S. auto industry, and the economies of the ...
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facebook.com 1/22/2009 — Search for Friends on Facebook Search results will only give you a preview of what's available on Facebook. Sign up for Facebook to connect with friends and see profiles. Search By Name Person's Name:
Blame Henry Paulson
norris.blogs.nytimes.com 11/4/2008 — If John McCain loses, can he blame Henry Paulson?
Paulson
corner.nationalreview.com 12/19/2008 — I supported the Paulson plan, but, man, it's gotten ugly. Here's my column today.
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Washington Post Shills for Henry Paulson
tpmcafe.talkingpointsmemo.com 11/18/2008 — The headline of a front page article in the Washington Post tells readers how Treasury Secretary Henry Paulson changed his approach to the economy in response to "this storm." That is so sweet of the Post. We are looking at an entirely preventable ...
Barack Obama backs plea for Henry Paulson to extend bailout to car industry
business.timesonline.co.uk 11/10/2008 — Barack Obama, the US President-elect, has thrown his weight behind a plea to Henry Paulson, the Treasury Secretary, to use some of his $700 billion ( 444 billion) bailout fund to rescue America's car companies. Nancy Pelosi, the Democrat Speaker of ...
Ken Henry - NEWS.com.au Search
search.news.com.au 11/12/2008 — Smile away recession - Treasury man said today. After two months of persistent bad economic news, Treasury secretary Ken Henry… outcomes globally at the moment is fractured confidence," Dr Henry said. "We can talk ourselves into worse… 9 hours ago  ...