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Henry Paulson

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Was the 74th United States Secretary of the Treasury (2006 - 2009).
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ENG: Henry Merritt "Hank" Paulson, Jr. (born March 28, 1946) is an American banker who served as the 74th United States Secretary of the Treasury. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. Early career Paulson was Staff Assistant to the Assistant Secretary of Defense at The Pentagon from 1970 to 1972. He then worked for the administration of U.S. President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973. He joined Goldman Sachs in 1974, working in the firm's Chicago office for Manmeet Taneja. He became a partner in 1982. From 1983 until 1988, Paulson led the Investment Banking group for the Midwest Region, and became managing partner of the Chicago office in 1988. From 1990 to November 1994, he was co-head of ...
für36gegen   In my opinion Henry Paulson is quite good politician. For instance, because ... (if I wanted to write why, I wrote it here), positive
für1gegen   The US economy shrank 0.3% in the third quarter, the sharpest contraction in seven years, and payrolls data on Friday showed the US jobless rate jumped to 6.5%, 123
für1gegen   no question that the United States was in a severe recession and that US gross domestic product would drop significantly for the fourth quarter, 123
für1gegen   Eric Hobsbawm, the doyen of Marxist history, says the current financial turmoil is the 'greatest crisis of capitalism since the 1930s'., spetr
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U.S. to Speed Investment From China Banks

The U.S. agreed to speed up approvals for Chinese financial institutions seeking to invest in the country, as Treasury Secretary Henry Paulson tries to find ways to unlock frozen credit markets and stabilize banks.The announcement was made in a joint statement at the close of two days of bilateral talks between China and the U.S. in Beijing. The U.S. also welcomed “commercially based” investments by China’s sovereign wealth fund and the foreign- exchange administration in industries including financials.The U.S. has pledged more than $8.5 trillion to rescue its financial ...

Paulson Considers New Plan to Resuscitate U.S.

Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage- backed securities issued by Fannie Mae and Freddie Mac, could step up those purchases to drive down interest rates on some loans to 4.5 percent, the official said on condition of anonymity. The plan is preliminary and could change. The deliberations come as President-elect Barack Obama pledges fresh action to help American homeowners, and follow a $600 billion initiative ...

White House to extend unemployment benefits

With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would sign quickly legislation pending in Congress to provide further unemployment benefits.The Senate is expected to take up this week a bill, already passed by the House of Representatives, that would extend unemployment insurance checks for up to 13 additional weeks for jobless people whose benefits have run out. The Senate vote could occur as early as Thursday evening and would require support from 60 senators to pass.White House press secretary Dana Perino, discussing the ...

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