Word: hanks
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Dates: during 2000-2009
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...George W. Bush has no wish to be the Herbert Hoover of the CNBC generation. Accordingly, his Administration will have spent several hundred billion dollars to unfreeze the credit markets. (Indeed, has anything of late so recalled Roosevelt's devotion to "bold, persistent experimentation" as the frantic improvisations of Hank Paulson...
...falls to Geithner to lead the way out of this mess. As Barack Obama's nominee to be Secretary of the Treasury, Geithner will be tugging on the economic levers himself - levers that are, thanks to outgoing Secretary Hank Paulson, far more powerful than they had been. Colleagues say Geithner privately acknowledges that the U.S. economy is still sinking fast and the root cause of the problem - the housing bust and ensuing credit crunch - is still very much with the nation. Critics will ask at his confirmation hearing how the incoming Administration plans to prevent things from getting even worse...
Back in September, V.V. Chari, an economist at the University of Minnesota and an adviser to the Federal Reserve Bank of Minneapolis, got a call from a Congressman. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke were arguing that they needed $700 billion to save the nation's financial system, and the Congressman wanted to know what to make of it all. Chari said he didn't know - he hadn't looked at the data. Policymakers kept talking about how banks weren't lending to businesses or to individuals or even to each other, so Chari pulled numbers...
...cough up some money. Bush's hand was forced. In theory, the job of saving the car companies would have gone to the Commerce Department, but its chief, Carlos Gutierrez, doesn't have access to the kind of money Detroit needs, so Bush gave the job to Treasury Secretary Hank Paulson...
...face voters in 2010, to fill out Clinton's term, and again in 2012, for re-election. And Kennedy, who has never run for office, may not be the strongest candidate against a tough Republican challenger. A Caroline Kennedy appointment "is fifty-fifty at best," says political consultant Hank Sheinkopf, a spokesman for state senate Democratic leader Malcolm A. Smith. "She has not run a statewide campaign. She has not run a local campaign. She has not been in combat, which is the state of politics in New York and anywhere else." (See pictures of J.F.K.'s early years...