Word: paulsonã
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...pocketbooks—of every American, and is sending Congress into panic mode again. It seems that few predicted a worsening crisis after the subprime bubble months ago, listening to President George W. Bush’s serene conviction that everything was going smoothly, and Treasury Secretary Hank Paulson??s repeated assurances that, “It’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation...
...able to step out to speak live.” Before coming to Harvard, Forst served as the global head of Goldman’s investment management division, joining the bank’s elite management company in 2004. He became a Goldman partner in 1998, Paulson??s first year leading the firm. Paulson left Goldman in 2006 to become President Bush’s treasury secretary. Paulson??s bailout plan, which seeks to raise confidence in the ailing pillars of the U.S. financial system—would give the federal government authority...
Over the weekend, leaders in Washington reached a tentative agreement on a government rescue strategy for the fraught U.S. economy. After intense, partisan negotiations, the core proposal of Secretary of the Treasury Henry M. Paulson??s original $700 billion bailout plan remains largely intact. Originally conceived and announced last week amid unprecedented U.S. bank failure and market turmoil, the bailout plan will appear in front of the House of Representatives this morning. The aim of the Paulson proposal, if passed, will be to inject liquidity into the stagnant credit markets, which must be greased in order to prevent...
Fifteen Minutes: What do you think of Hank Paulson??s nomination to be Treasury secretary? University President Lawrence H. Summers: He’s an alum of our business school. He’s a first rate guy with very broad experience who may well need it, given the large challenges our economy and financial system face...
...next Treasury secretary, the post that Lawrence H. Summers held before becoming Harvard’s president. The Senate is widely expected to confirm Paulson, and he could succeed John W. Snow at the position as early as the beginning of July. But when students wrote down Paulson??s name last year on ballots handed out to the graduating class, they were choosing him as a representative of the private sector—not a public official. A committee composed of four elected students from the Class of 2006 then narrowed down the list of possible speakers...