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Henry Paulson

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  • Bernanke says he was reluctant on AIG bailout Friday, 10 Oct 2014 | 3:13 PM ET

    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...

  • Bernanke defends AIG bailout in court Thursday, 9 Oct 2014 | 3:09 PM ET

    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...

  • Geithner defends terms of AIG bailout Wednesday, 8 Oct 2014 | 2:58 PM ET

    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...

  • Geithner grilled in court over AIG bailout Wednesday, 8 Oct 2014 | 12:02 AM ET

    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...

  • Geithner affirms in court need for AIG bailout Tuesday, 7 Oct 2014 | 8:14 PM ET

    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...

  • How climate change is going to slam the US economy Tuesday, 24 Jun 2014 | 5:55 AM ET

    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.

  • 5 takeaways from Geithner and the financial crisis Thursday, 8 May 2014 | 4:46 PM ET
    U.S. Secretary of the Treasury Timothy Geithner testifies during a hearing July 25, 2012 on Capitol Hill in Washington.

    Andrew Ross Sorkin reflects on the major takeaways from his recent interviews with former Treasury Secretary Timothy Geithner.

  • Should Henry Paulson have made the list?     Tuesday, 29 Apr 2014 | 7:10 AM ET

    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.

  • Jamie Dimon—the most influential on Wall Street? Thursday, 20 Feb 2014 | 12:59 PM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    Are big bank leaders like Jamie Dimon the most influential on Wall Street—or activist investors like Carl Icahn?

  • Paulson on JPM: I shouldn't say, but I will ... Thursday, 3 Oct 2013 | 1:21 PM ET
    Jamie Dimon presents driver's license to Justice Department security officer as he arrives at the Justice Department in Washington, Sept. 26, 2013.

    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.

  • Hank Paulson on JPMorgan's legal troubles     Thursday, 3 Oct 2013 | 7:49 AM ET

    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.

  • Paulson: Regaining trust in Congress     Thursday, 3 Oct 2013 | 7:39 AM ET

    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.

  • Political crisis is 'self-inflicted: Paulson     Thursday, 3 Oct 2013 | 7:34 AM ET

    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.

  • 'The cavalry has arrived'     Monday, 16 Sep 2013 | 6:41 AM ET

    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.

  • Tarp: America's most hated success?     Friday, 13 Sep 2013 | 7:29 PM ET

    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.

  • Lehman Brothers 5 years on: Was it a mistake? Tuesday, 10 Sep 2013 | 8:36 AM ET

    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?

  • Paulson: Why Is the Fed the Only Game in Town? Thursday, 27 Jun 2013 | 6:45 PM ET
    CNBC's Maria Bartiromo interviews Hank Paulson Jr. at the 2013 Aspen Ideas Festival in Aspen, Colorado.

    Former US Treasury Secretary Hank Paulson argues the Federal Reserve can't be the only driver of both the markets and economy.

  • Tough Times for Paulson     Friday, 7 Dec 2012 | 10:03 AM ET

    CNBC's Kate Kelly reports that Henry Paulson's umbrella funds are down significantly through December.