Word: paulson
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...closer to the end of this problem than we are to the beginning.' HENRY PAULSON, U.S. Treasury Secretary, on the country's economic troubles as the credit crisis enters its ninth month...
...those awkward occasions when he is asked about his nation's currency, President George W. Bush has a simple response. "We believe in a strong-dollar policy," he'll say--or words to that effect. For his Treasury Secretary, Hank Paulson, the mantra is, "A strong dollar is in our nation's interest...
...dollar hasn't been paying much attention, apparently. It has lost 41% of its value against the euro, its main global competitor, since Bush took office in 2001. And Paulson, when he's not busy battling financial crises here, can usually be found in China beseeching the authorities there to let their currency rise against the dollar...
...Bush and Paulson keep saying they're in favor of a strong dollar? Well, the last time a top U.S. official tried to talk halfway honestly about what kind of currency we wanted--then Treasury Secretary Paul O'Neill in 2001--he spooked markets and was criticized mercilessly...
...feel about Treasury Secretary Henry Paulson's proposal to expand the powers of the Fed? -Josh Lyman, SeattleI'm very cautious because it represents the former head of a very large Wall Street firm, acting as Secretary of the Treasury, explaining how we could regulate the economy further to the advantage of Wall Street and the disadvantage of the rest of the country...