Word: paulson
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Dates: during 2000-2009
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...among the leading lights of the unlikely coalition in favor of it, and members of the Obama Administration repeatedly denying that it's in their plans. It's a misleading debate, though, given that the U.S. banking system was effectively nationalized on Oct. 13, when then Treasury Secretary Henry Paulson called the heads of the country's nine biggest banks into his office and told them they couldn't leave the room before agreeing to sell shares to the government...
...After meeting with Yang, Clinton announced a tentative plan to hold regular high-level talks between the U.S. and China. During the Bush administration Treasury Secretary Henry Paulson led a Strategic Economic Dialogue with China, but under the new system, both Treasury Secretary Timothy Geithner and Clinton would lead discussions divided into two tracks: economic and strategic, which includes a broad range of "political and security and global issues," she said. (See 25 people to blame for the global financial crisis...
...become the primary source of bilateral friction. In a January speech at Davos, Chinese Premier Wen Jiabao lectured about the "inappropriate macroeconomic policies of some economies" with low rates of savings and high consumption - an "unsustainable model of development." In other words, the U.S. When outgoing U.S. Treasury Secretary Paulson was quoted as suggesting that China's high rate of savings helped set off the worldwide crisis by lowering interest rates and encouraging high-risk investment, the state press launched a loud and extended attack. Paulson eventually clarified that he thought the crisis had many causes, and the majority...
Treasury Secretary Timothy Geithner has unveiled a new plan to combat the financial crisis: persuading private financial institutions to buy up toxic assets with the government's backing. While this is a step up from former Secretary Henry Paulson's original bailout plan - in which the government itself would buy up the bad securities - it is still not the right approach...
Vengeance is mine, saith the Lord, except that right now everyone wants a little piece of it. The mob has been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent...