Word: hanks
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Dates: during 2000-2009
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...some ex-officials, the whole thing smacks of politics and hypocrisy. They say Congressional leaders from both sides of the aisle were thoroughly briefed about CIA operations, including details about interrogation techniques. "The leadership was fully briefed, and there was no objection at the time," says Henry "Hank" Crumpton, who headed the CIA's operations in Afghanistan after 9/11...
...country's banking system was effectively nationalized in October when then Treasury Secretary Hank Paulson called the heads of the nine biggest banks into his office and told them they couldn't leave before agreeing to take billions of dollars of government money and hand over ownership stakes in return...
...promise-much approach might turn out to be awfully smart. If one leaves aside the actual details of his not-all-that-detailed proposal, one of the most important jobs of a Treasury Secretary in troubled times like these is to instill confidence. Geithner's predecessor, Hank Paulson, was a believer in doing so by means of bold statements. That served him well for a while, but when the crazy events of the fall made Paulson repeatedly eat his words, confidence in his leadership fell quickly. It is always a mistake, Geithner's mentor (and Obama's top economic adviser...
None of this means Geithner will be a success as Treasury Secretary. He's still got to actually succeed at nursing the financial system back to health. "Hank [Paulson] was in emergency-room care," says Paul McCulley, a managing director and head of the short-term-bond desk at money-management giant Pimco, "whereas Tim is still in emergency-room care but also preparing a room for further care after the emergency." He at least shows signs of having a good bedside manner...
...with China over its currency policy. Trade hawks in Congress, pushed by union allies and some manufacturing lobbies in Washington, have long pined for this. But the Bush Administration resisted, preferring to fold the currency issue into the broader biannual "strategic economic dialogue" (SED) started by former Treasury Secretary Hank Paulson. That less confrontational setting was more likely to produce results on the currency issue than any forum that smacked of the U.S. putting Beijing on trial for "manipulation," the Bushies believed. In fact, over the past two years, the RMB did rise nearly 20% against the dollar. (Read "China...