CNBC's Kate Kelly reports that Henry Paulson's umbrella funds are down significantly through December.
LIANGJIAHE, China-- The next leader of China spent much of his youth living in a dug-out cave. Xi Jingping's seven years in this remote northern community meant toiling alongside rural villagers by day and sleeping on bricks by night, in stark contrast to his pampered early years in Beijing.
During the frenzied days of September 2008, as the U.S. financial system teetered on the brink of collapse, the government chose winners and losers. Washington Mutual, the country’s largest savings and loan bank, fell into the latter camp. The author of "The Lost Bank" has the story of the biggest bank failure in American history.
Tim Geithner could be heading back to school so to speak, at least if his chatty father-in-law is to be believed.
Although there are similarities with what the United States went through at the onset of the financial crisis, the issues in Europe are are more complex and will take years to resolve, Henry Paulson, former Treasury Secretary and founder of the Paulson Institute told CNBC on Wednesday.
After the weekend's International Monetary Fund (IMF) meeting passed with no concrete announcements on the resolution of the Eurozone debt crisis, one analyst called for a "Paulson moment" between politicians and fiscal policymakers in Europe.
The idea that Paulson needed a crisis in order to solve a bigger crisis could be seen by some as a post-game rationalization by the former official, but it raises some interesting questions for German Chancellor Angela Merkel and Europe's ongoing sovereign debt crisis.
What is playing out in Portland, where the Timbers are in their inaugural season in Major League Soccer and passionate fans are embracing some of the trappings of their European counterparts, suggests soccer might finally be poised to become a big-league sport in the United States.
Alex Pollock of the American Enterprise Institute assembled a collage of quotes from former Treasury Secretary Henry Paulson’s memoir of the financial crisis, On the Brink. The collage paints a stunning and frightening picture of a confused and panicked government without a coherent strategy for containing the financial crisis and preventing worldwide financial panic.
I recently sat down with George W. Bush to discuss his new book, Decision Points. With the greatest respect to the former president, he and I disagreed on a number of issues, and let each other know about it.
Market commentators and Warren Buffett followers have been buzzing after seeing the Oracle of Omaha's op-ed piece featured in The New York Times. ...A report from TheStreet.
Merrill Lynch was the world's largest brokerage but in September 2008 – at the height of the financial crisis, it ceased to exist as a separate entity when it was acquired by Bank of America. How could this American institution collapse almost overnight? Now the story is being told.
The government let Lehman Brothers fail during the financial crisis because there was no other choice, former Treasury Secretary Henry Paulson said Wednesday.
There are many books written about the global economy’s collapse by those who can quote their ‘inside’ sources, but the ultimate ‘insider’ — the man who was actually IN the INSIDE and at the very center of the storm — tells his story in "On the Brink: Inside the Race to Stop the Collapse of the Global Financial System."
If the Dodd-Frank Wall Street Reform and Consumer Protection Act had been in place during his tenure, would the financial crisis — and the ensuing recession — have happened? The NYT asks former Treasury Secretary Henry Paulson.
So, who are the most influential Goldman Sachs alums linked to Washington DC and beyond? Click to find out!
For Jon S. Corzine, it has come to this: a bare Manhattan office still littered with mementos from the previous occupant, at a company few outside Wall Street have heard of.
Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. The Dow ended down about 350 points and the VIX was above 34.
Stocks declined for a third straight session Thursday as retail sales fell short of expectations and worries about the European debt crisis nagged at the market.
The US stock market could be in for another rough day as investors grew nervous over uncertainty in the European debt crisis.