Word: paulson
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...particular conference calls during the Bear Stearns meltdown in March. (He told the Wall Street Journal he missed one call because the time changed, and he was involved in other calls throughout the weekend.) When he appears alongside Federal Reserve chairman Ben Bernanke and Treasury secretary Hank Paulson at press events he can seem dwarfed in stature, the representative of an agency with its roots not in sweeping monetary policy but in humble consumer protection. Created by Congress in 1934, at the height of the Great Depression, the SEC is charged with making sure that public companies accurately disclose their...
...Give a Democrat a pen ...," grumbled one Republican Senate staffer Monday as he compared Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke's three-page plan to rescue the American financial system to the 40-plus-page proposal they got in response from the Democrats. And by that page ratio alone, it might look to the untrained eye as if Paulson's bailout package was headed for failure, an outcome that spooked markets to another day of stomach-churning 4% and 5% drops on Monday...
Secretary Henry Paulson is requesting unprecedented powers to resolve and dispose of billions of dollars of mortgages and mortgage-backed securities that would turn the Feds into the liquidator of last resort for business deals gone bad. Those powers, should Congress grant them, would come on top of authority Paulson was quietly granted earlier this summer to resolve the Fannie Mae and Freddie Mac messes. And the federal fire sale may not be limited to problem portfolios at home; there are reports that some of those entities subject to Treasury's purchase-and-resale powers may be foreign...
...bailout plan in some kind of perspective: Paulson would rule over a pile of assets that exceeds the annual Pentagon budget of $507 billion by nearly 50%. For at least the next year, and perhaps for years after, Treasury's spending authority will make it harder for the next President to fulfill campaign promises and pump money into new priorities. Depending on how Paulson's power is structured, it could even postpone new federal spending on health-care reform or infrastructure improvements, or hasten the need for increased taxes and deep spending cuts. A similar challenge faced incoming President George...
...there were a real choice for Bernanke and Paulson, no one has been brave enough to voice it. Yet, in a matter of hours, several prominent thinkers rushed to deem the bailout the abandonment of classical economic theories about free market capitalism, as well as the expiration date of Reaganite de-regulation. The former is a plausible argument, but the latter rather inconsequential given the RTC precedents of the current bailout. More importantly, the plan designed by Bernanke and Paulson socializes the risk of the most toxic real estate assets, which have been polluting Wall Street balance sheets since...