The Savings investor (Free subscription) | yesterday
Treasury Secretary Paulson lobbied Congress very hard for the $700 billion in bailout funds needed to buy toxic mortgage securities. After Congress approved the plan, Paulson reversed course and the main use of the TARP funds has been capital injections directly into troubled financial companies. Unfortunately, as companies like Citigroup, AIG, Bank of American, Wells Fargo, and more...
The Huffington Post (Free subscription) | yesterday
WASHINGTON — Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration. Paulson said the program has distributed $150 billion out of the $250 billion earmarked to buy stock in banks as a way to boost their resources so they can lend more....
Calculated Risk (Free subscription) | yesterday
I wonder if anyone in Treasury notices the correlation? DOW off 690 NASDAQ off 137 S&P 500 off 80 From Bloomberg: Paulson Says Treasury May Use TARP Funds for Foreclosure Relief U.S. Treasury Secretary Henry Paulson said his department is working to expand the availability of capital to businesses and consumers and may use funds from the $700 billion bank rescue plan to help homeowners....
naked capitalism (Free subscription) | 9 hours ago
To call Paulson response to the credit crisis improvised does a disservice to artists. Improvisation still requires a sense of direction and purpose, the thrust of a musical piece or the likely frictions between two characters. By contrast, the Treasury/Fed program looks completely reactive, an attempt to stabilize a system when they lack a good understanding of the playing field and the nature...
Market Pipeline (Free subscription) | 10 hours ago
( Housing Wire ) If the rumors are true, it looks as if alleged back-room battles with Federal Desposit Insurance Corp. chairman Sheila Bair may be softening up Hammerin’ Hank, as his tenure at the U.S. Treasury comes ever nearer to its close: in remarks delivered Monday afternoon , Henry Paulson suggested that he might yet look to allocate funds from the Troubled Asset Relief Program to support...
Election 2008 (Free subscription) | 14 hours ago
In remarks to executives gathered for the Fortune 500 Forum in Washington, D.C., Treasury Secretary Henry Paulson broke no news, but he did give more hints about what is -- and isn't -- likely in the waning weeks of his tenure.
Salt Lake Tribune (Free subscription) | yesterday
WASHINGTON » Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration.
San Fransisco Chronicle (Free subscription) | yesterday
Treasury Secretary Henry Paulson says the administration is looking for more ways to tap a $700 billion financial rescue program and will consult with Congress and the incoming Obama administration. Paulson says the program has distributed $150 billion out of...
market folly (Free subscription) | yesterday
... John Griffin's Blue Ridge Capital , and Bret Barakett's Tremblant Capital . Next up, we have John Paulson's Paulson & Co. Paulson & Co is famous for making a fortune by betting against sub-prime when this whole mess began to unfold. And, it appears as if Paulson is still up to his fortune-making ways. One of his funds has generated a 589% return, which could easily be...
USA Today (Free subscription) | yesterday
Treasury Secretary Henry Paulson said Monday that the administration is looking for more ways to tap a $700 billion financial ...
Market Watch (Free subscription) | yesterday
WASHINGTON (MarketWatch)-Treasury Secretary Henry Paulson on Monday indicated that he might support a new approach to mortgage foreclosure mitigation, but he didn't go so far as to back a proposal introduced by Federal Deposit Insurance Corp. chief Sheila Bair last month. Bair is seeking $24.4 billion of the federal government's $700 billion Troubled Asset Relief Program to modify loans, claiming...
American Spectator (Free subscription) | 2 hours ago
... to need a real stimulus package of major size. Of course, instead, under that imbecile, Henry M. Paulson, we get state socialism of banks and investment banks. The bailout has morphed from being a help to borrowers in Muncie to being an immense life raft for Paulson's buddies on Wall Street. This is a last, desperate act of rapine against the American people by Mr. Paulson...
- Are You Riled Up? - (Free subscription) | 4 hours ago
Financial news of the day - CNNMoney.com wrote an interesting post today onHere’s a quick excerptThe federal government is reviewing applications from hundreds.[Continue Reading]
Law Blog - WSJ.com (Free subscription) | 13 hours ago
Paulson heads to China with one of his main goals more elusive than ever: Persuading Beijing to allow Wall Street greater access to the Chinese market.
CNNMoney.com (Free subscription) | yesterday
The federal government is reviewing applications from hundreds of banks seeking rescue funding and is "actively" developing new programs to right the nation's unsettled financial system, Treasury Secretary Henry Paulson said Monday.
