Word: paulson
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Dates: during 2010-2019
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Read TIME's profile of Paulson, a 2008 Person of the Year runner...
...Reserve had sought to conceal details of the controversial $182 billion bailout of troubled insurance giant AIG, U.S. Treasury Secretary Timothy Geithner--head of the New York Fed when the e-mails were sent--was called to testify Jan. 27 on Capitol Hill, along with his Treasury predecessor Henry Paulson. At issue: the use of taxpayer money to cover AIG's debts to Goldman Sachs, Morgan Stanley and other Wall Street firms. Both men defended the "backdoor bailout" and denied any involvement in the alleged attempt to hide the details of payments...
...devised to get AIG out of its CDS contracts will prove to be the least costly for taxpayers. He said he had no role in hiding facts about what AIG had paid its counterparties or who those counterparties were. Former Treasury Secretary Henry Paulson, who also testified at the hearing, said he was broadly supportive of the AIG bailout but had no knowledge of any payments that AIG made to particular banks. (See the worst business deals...
...Banks write-offs usually come after the economy has already cracked," says James Paulson, chief investment officer of Wells Capital Management. "The charge-off rate looks to have peaked." (See the worst business deals...