For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.» Read More
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.
The U.S. economy faces a period of slower growth as unemployment remains high and the housing market remains weak, Pimco executive Neel Kashkari said at an investor conference in Singapore overnight.
Video clips of Warren Buffett and Hank Paulson discussing the credit crisis and the economy in an appearance before the Greater Omaha Chamber on Tuesday, February 9, 2010.
Warren Buffett has made no secret of his opposition to President George W. Bush's policies and actions during his eight years in the White House. But Buffett said today that after reading former Treasury Secretary Henry Paulson's new book on the credit crisis, he has a greater appreciation of Mr. Bush's understanding of the crisis and the president's willingness to do what was needed to prevent a complete economic collapse.
CNBC.com and CNBC-TV plan live video coverage tomorrow (Tuesday) of Warren Buffett's planned 50 minute "conversation" with former Treasury Secretary Henry Paulson. Buffett and Paulson are the main event at the Greater Omaha Chamber's 2010 Annual Meeting Luncheon at the Qwest Center Omaha.
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
More than a year after the collapse of Lehman Brothers, former Treasury Secretary Hank Paulson admitted that saying the bank would not get a bailout, was a ploy in the negotiations over the failed institution.
This Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG.
Unpopular as he may be, Treasury man Tim Geithner did a fine job yesterday defending the government rescues of last fall — including AIG.