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Latest Henry Paulson Stories

2009-04-10 10:07:26

New York financial firm Goldman Sachs Group Inc. may soon announce a multibillion shares sale to help repay a $10 billion government debt, sources said. Executives said a decision to move forward with a sale will be based on market conditions, The Wall Street Journal reported Friday. The firm is expected to announce strong first-quarter earnings Tuesday. Goldman Sachs' shares reached $9.58 a share Thursday, higher than they have been in five months. Goldman Sachs accepted the government...

2009-03-26 06:30:00

NEW YORK, March 26 /PRNewswire/ -- Business Plus, an imprint of Grand Central Publishing (Hachette Book Group), announced today that it will publish a new book by former Secretary of the Treasury Henry M. Paulson, Jr. It is scheduled for publication in October 2009. The book, which is yet-to-be titled, will be an insider's account of Paulson's experiences as Treasury Secretary and how he dealt with the greatest financial crisis confronting the United States -- and the world -- since the...

2009-03-10 12:43:14

Portland's mayor says he isn't sure if there are enough votes on the city council to pass a tentative deal that would bring Major League Soccer to Oregon. Mayor Sam Adams told The (Portland) Oregonian that he and one other member of the five-person council are ready to vote yes Wednesday while the other three have yet to commit. We go into this without an identified third vote, Adams said after the deal was announced Monday. The Oregonian said Tuesday that an agreement with Merrit Paulson...

2009-03-01 14:01:27

U.S. House Financial Services Committee Chairman Barney Frank, D-Mass., says Congress has lost its appetite for bailing out troubled banks. Frank also asserts bank bondholders, such as university and hospital endowments that bought debt from troubled banks, should not be left holding the bag if the financial institutions are taken over by the government, Financial Times reported Sunday. These (bondholders are) not all bad people "¦ . A lot of good entities, a lot of public purpose...

2009-01-19 13:01:36

A key economic adviser to Barack Obama said the new administration expects U.S. banks to increase lending as a condition for receiving government aid. Speaking on CBS's Face the Nation, Lawrence Summers, the oncoming director of the National Economic Council, said banks using government assistance would be expected to lend above their baseline levels," Financial Times reported Monday. On ABC's This Week program, another Obama adviser, David Axelrod said, we want to see credit flowing again....

2009-01-16 14:52:49

The global credit crisis did not originate with China's build up of savings, a senior fellow at the Carnegie Endowment for International Peace said. Albert Keidel, in effect, discounted U.S. Treasury Secretary Henry Paulson Jr.'s analysis of the credit crisis, the China Daily reported Friday. In the years leading up to the crisis, super-abundant savings from fast-growing emerging nations such as China and oil exporters ... put downward pressure on yields and risk spread everywhere, Paulson...

2009-01-15 08:38:00

NEW YORK, Jan. 15 /PRNewswire/ -- Brunswick Group LLC, a leading global communications consultancy, today announced that Jim Wilkinson will join the firm as Managing Partner, International Business and Financial Strategy. Mr. Wilkinson joins Brunswick from the U.S. Department of the Treasury, where he has served since 2006 as Chief of Staff to Secretary of the Treasury Henry M. Paulson, Jr. As Chief of Staff, he has served as Secretary Paulson's senior strategist and counsellor, and has...

2009-01-07 16:13:49

U.S. Treasury Secretary Henry Paulson Jr. Wednesday called for restructured models for the nation's largest mortgage brokers. The Federal Home Loan Mortgage Corp. and the Federal National Mortgage Association, grew to their enormous sizes -- holding collectively $5.4 trillion in debt obligations -- in part due to the misconception that they were government-backed enterprises, Paulson said. But, with its most recent steps to purchase pump $600 billion into the companies, the federal government...

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2008-12-18 15:07:48

White House spokeswoman Dana Perino said the U.S. government was closing in on a deal to help the Big Three automakers. We're nearing a conclusion. We're very close, Perino said Thursday. The president is not going to allow a disorderly collapse of the companies. That is not an option, she said, The Detroit News reported. Perino said the package could include the option of a managed bankruptcy or using money from the $700 billion financial firm bailout. I don't want to rule anything out, she...

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2008-12-18 06:53:46

White House and U.S. Treasury officials are wading through financial details to fit a financial aid package to the ailing U.S. auto giants, sources said. The negotiations with General Motors Corp. and Chrysler LLC have gotten down to the level of GM providing the Treasury with financial details on payroll, debt obligations and production schedules, The New York Times reported Thursday. While Chrysler extended its normal two-week winter shut down to a month for all its factories, the Bush...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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