The Financial Crisis Inquiry Commission is releasing its report Thursday.The New York Times has a preview of the report, which shows that the Commission will slam the right people for causing the financial crisis.Barry Ritholtz gives a good summary of…
Posts Tagged ‘Henry Paulson’
Should Hank Paulson Be In Jail?
December 16th, 2010 |
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Leading bank analyst Chris Whalen has raised the question of whether criminal charges should be brought against former Treasury Secretary Hank Paulson.Any discussion of whether Paulson committed unlawful actions as Treasury Secretary needs to start wit…
Will the Basel III Bank Regulations Change Anything?
September 14th, 2010 |
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The much-trumpeted Basel III increase in capital requirements will not be fully phased in until 2019.Many are criticizing the slow pace of implementation, including Joseph Stiglitz:“While it’s understandable given the weaknesses and the failings of…
McCain: Paulson and Bernanke Promised that the $700 Billion Troubled Asset Relief Program Would Focus on the Housing Meltdown
February 22nd, 2010 |
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The Arizona Republic reports: Sen. John McCain of Arizona … says he was misled by then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. McCain said the pair assured him that the $700 billion Troubled A…
Robert Scheer: The Chinese Come Calling
July 29th, 2009 |
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What a hoot. The Chinese Communists invaded Washington on Monday demanding not that we sacrifice our freedoms but rather that we balance our budget. Creditors…
David Fiderer: Hank Paulson Rewrites History Before Congress
July 18th, 2009 |
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The fallout of Paulson’s two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.
Robert Scheer: ‘Government Sachs’ Strikes Gold … Again
July 15th, 2009 |
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Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in…