Former U.S. Treasury Secretary Henry Paulson's testimony wrapped up quicker than expected at the AIG bailout trial, reports CNBC's Mary Thompson.» Read More
WASHINGTON— Former Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc. in 2008. But he ultimately came to believe the $85 billion bailout loan to the company was needed to avert a shock to the financial system. "I did not make any personal judgments about the...
WASHINGTON— Former Federal Reserve Chairman Ben Bernanke testified in federal court Thursday that insurance giant American International Group Inc. had to be rescued by the government in 2008 to avert global catastrophe. Bernanke was one of the key decision makers on the bailout, which began with an $85 billion rescue loan from the New York Federal Reserve...
WASHINGTON— Former top regulator Timothy Geithner defended terms of the U.S. government's bailout of American International Group Inc., saying Wednesday that the insurance giant's exceptionally risky behavior had caused losses that called for strict treatment. In trial testimony, Geithner said he and his colleagues at the Fed and the Treasury Department...
WASHINGTON— Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant's former CEO over the handling of the rescue. The $85 billion loan package for AIG, which was teetering toward bankruptcy in September 2008, gave the government...
WASHINGTON— Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., on Tuesday affirmed in court his belief that the insurer's rescue was needed to avert disaster for the financial system. The $85 billion loan package for AIG, which was teetering toward bankruptcy in September 2008, gave the government control...
The U.S. faces economic costs from climate change adding up to billions of dollars over the next 25 years. And that's just for starters.
Andrew Ross Sorkin reflects on the major takeaways from his recent interviews with former Treasury Secretary Timothy Geithner.
CNBC's Tyler Mathisen; Paul Steiger, ProPublica, and Jeffrey Sonnenfeld, Yale School of Management, share their thoughts on the titans of central banking and whether Treasury Secretary Henry Paulson should have made the list.
Are big bank leaders like Jamie Dimon the most influential on Wall Street—or activist investors like Carl Icahn?
Former Treasury Secretary Hank Paulson told CNBC he'd comment on JPMorgan's legal troubles, even though he shouldn't. Warren Buffett also weighed in.
Former Treasury Secretary Hank Paulson told CNBC that he won't comment on JPMorgan settlement talks with the government, but admitted it's hard for him to be objective.
It's going to take really strong leadership, says former Treasury Secretary Hank Paulson, discussing how both parties can come together and reach a compromise on the budget. At the end of the day, the debt ceiling has got to be increased, Paulson added.
Sometimes it takes a crisis to get something very unpopular done, says former Treasury Secretary Hank Paulson, discussing how "one element" of the Republican Party has "hijacked" the debate on significant economic problems. Also, Paulson weighs in on the job Jack Lew is doing and explains why there has to be "structural changes" in the way people get their information.
Former Rep. Paul Kanjorski, (D-PA), discusses how lawmakers responded to the nation's financial crisis five-years ago and the unfinished business of the Dodd-Frank Act.
Former Treasury Secretary Hank Paulson praised the Tarp program earlier today on CNBC. David Malpass, Encima Global; Douglas Holtz-Eakin, American Action Forum president; and John Tamny, Forbes opinions editor, discuss if Fed chair Ben Bernanke and the Tarp program saved the U.S economy.
Richard Kovacevich, former Chairman & CEO of Wells Fargo, provides his thoughts on how the government handled the financial crisis five years ago, and why he thinks the TARP program actually made the crisis worse.
Former Treasury Secretary Hank Paulson, shares his recollections on what went on behind the scenes when the "massive credit bubble" burst five years ago.
Five years ago, the government abandoned Lehman Brothers to its fate. Was that a mistake, or did it help bring the financial crisis under control?
Former US Treasury Secretary Hank Paulson argues the Federal Reserve can't be the only driver of both the markets and economy.
CNBC's Kate Kelly reports that Henry Paulson's umbrella funds are down significantly through December.