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Salon
Salon (www.salon.com) has great Henry Paulson news, photos, videos and more
Wednesday, Nov 12
Henry Paulson has a brand-new plan
Furthermore, I think, as a nation, we're better off owning stock in the banks that we are injecting capital in, rather than owning toxic assets that are probably never going to be worth their original valuations. I can envision a future in which Citigroup and JPMorgan and Goldman Sachs end...
Friday, Oct 10
The new improved Paulson plan
We are developing strategies to use the authority to purchase and insure mortgage assets and to purchase equity in financial institutions, as deemed necessary to promote financial market stability. As we develop plans to purchase equity, as in the approach we are taking to broad mortga...
Friday, Oct 3
Credit crisis, California-style
This is what Paulson and Bernanke meant when they warned Congressional leaders two weeks ago that "the economy could stop" if action wasn't taken quickly to restore liquidity to credit markets. States, large corporations and small businesses, and individual Americans are all encount...
Monday, Sep 29
Bailout expected to pass
The Wall Street Journal’s Gordon Crovitz notes that, a century ago, in 1907, J.P. Morgan did a better job all by himself supervising a similar credit crunch than Henry Paulson and Ben Bernacke have today, and in part because the books for the financial institutions then were more open...
Thursday, Sep 25
McCain campaign manager held fundraising dinner Wednesday
The National Journal's Peter Stone reports that Rick Davis, McCain's campaign manager, held a dinner at New York City's famous 21 Club Wednesday night at which he met with about a dozen top New York-based fundraisers. Stone writes: The dinner meeting, according to an attendee, included...
Monday, Sep 22
Not so fast, Secretary Paulson!
We now have Secretary Paulson and Chairman Bernanke appearing on Wall Street, and their announcement is "We're from the government. We're here to help you." UPDATE: The Wall Street Journal reports that Barney Frank says the White House is already making concessions:
First reactions to the Paulson plan: Boo!
Everyone, on every side of the spectrum, is uncomfortable with giving the Treasury essentially unlimited power to spend taxpayer money bailing out financial institutions. Democrats are particularly unhappy that very little is being asked in return.
