Just when you thought our Hank Paulson tag was dead… Hammerin’ Hank has a book coming out about the financial crisis, titled “On The Brink.” Worried? Treasury secretaries aren’t worried! (March 26, 2008): But wait… sure they are! Safely out of the woods, Hank now takes off his game face. “So as I say in [...]
Entries Tagged as 'hank paulson'
Newsflash: Treasury Lied To You
October 7th, 2009 · 1 Comment · hank paulson
Surprise! Neil Barofsky starts ripping Treasury a new one. Sounds like they withheld $10 bn in bailout funds from BAC after allocating it to Merrill in order to force that merger to come to fruition, which is inconsistent when you consider Wells was given all of the $25bn standard “large failbank” allotment before eating up [...]
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He’s As Surprised As Anyone
August 31st, 2009 · 2 Comments · all ur bankz, bailout, hank paulson
To the sheer shock of…everyone, the TARP is beginning to do the unthinkable: turn a profit. Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again. The profits, collected from [...]
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Paulson: OMG, IDK, WTF
May 26th, 2009 · No Comments · hank paulson, lehman brothers
From Twitter, I’ve found an interesting Newsweek story on the blame game between Hank Paulson and Dick Fuld over Lehman (was Lehman the disease that took down the financial system, or just a symptom of it?), and why he should be glad Benny had his back. Some extractions: In retrospect, it appears that Paulson was [...]
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Ken Lewis: Benny Made Me Do It
April 23rd, 2009 · 2 Comments · all ur bankz, bernanke, hank paulson
Ken Lewis, when asked by NY’s attorney general Andrew Cuomo why he didn’t disclose many important details about Bank of America’s faildeal to buy Merrill to shareholders until the damage had been done, places the blame firmly on Bernanke and Paulson: Federal Reserve Chairman Ben Bernanke and then-Treasury Department chief Henry Paulson pressured Bank of [...]
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