Articles About Treasury Secretary

Author:
James I. Clark III
Posted:
03.25.2010

The Canary in the Mine Shaft

A decade before the financial meltdown, one woman was sounding the alarm that a catastrophe was coming.  That woman is Brooksley Born, who correctly predicted that investments known as over-the-counter derivatives could cause a financial crisis.  As Chairman of the Commodity Futures Trading Commission (CFTC) during the second Clinton administration, Born would wake up “in […]

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Author:
Tom Silva
Posted:
11.21.2008

$700 Billion Financial Bailout Plan Still Evolving

Treasury Secretary Henry Paulson is sitting on $350 billion dollars of the taxpayers’ money, and can’t quite settle on the best way to spend it.  When approved by Congress in October, the $700 billion Troubled Assets Relief Program (TARP) bill’s purpose was to purchase bad mortgage assets that had frozen the credit markets. The Treasury Department […]

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Author:
Tom Silva
Posted:
10.21.2008

The Federal Government Takes First Steps to Bail Out Banks

The Treasury Department is spending the first $250 billion of the $700 billion rescue bill that Congress recently approved in an attempt to defuse the financial crisis that has dominated the headlines for weeks.  According to a recent article on GlobeSt.com, the move – which partially nationalizes the banking system – is seen by some […]

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