Word: paulson
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
After last week's political theater in Washington over the $700 billion bailout bill, the stock market's continuing woes have left many people shaking their heads. Isn't that huge sack of money Treasury Secretary Hank Paulson sought supposed to be solving the problem...
None of that is to say that the bailout bill won't help at all. Paulson and Co. have a lot of flexibility under the legislation, and could ultimately act as a kind of sovereign wealth fund, injecting cash for equity, as famed investor Warren Buffett recently did with Goldman Sachs. Or the Feds could avoid carrying equity by lending money to financial institutions willing to buy up questionable bank assets at discounted rates. But first the Treasury seems ready to dip into its $700 billion to establish a reverse auction set-up to ensure that the government doesn...
Frank, Barney •effrontery of Paulson's original bailout proposal is mocked by •Republican spin that tone of Pelosi's speech caused insulted members to vote against bailout bill is mocked...
...voting yes - a larger margin than expected, considering the bill's spectacular failure, 228 to 205, on Monday that caused the largest one-day drop, 778 points, in the Dow Jones industrial average. Very soon after passage, President Bush signed the bill into law, finally giving Treasury Secretary Hank Paulson the authority that he requested more than two weeks ago to buy up Wall Street's distressed mortgage-backed securities. But getting it done was not pretty or easy, and the clearest sign of that was in the sheer size of the legislation itself; Paulson's original request was barely...
While the bill is intended to help fix, or at least calm, the ailing economy, perhaps the most immediate impact has been on the presidential campaign. Since Paulson made his request on Sept. 18, McCain has lost the 3-point lead in national polls - his first in the general election - which he'd built on the back of his successful convention and pick of Sarah Palin as his running mate. He now trails Obama by 6 percentage points, according to an average of national polls by the nonpartisan website RealClearPolitics, and the focus of the campaign has shifted from character...