Henry Paulson

‘Too Big To Fail’ Movie Review: Hank Paulson’s Legacy

I finally saw HBO’s Too Big To Fail, a movie based on Andrew Ross Sorkin’s book of the same name. It was about Treasury Secretary Hank Paulson’s enactment of TARP during the darkest days of the financial crisis, and begins with Treasury taking over Fannie and Freddie on Sunday, September 7, 2008. That day, my

Panjandrum: Dictionary.com’s Well-Chosen Word of The Day

The folks at Dictionary.com aren’t always topical on their word of the day choices, and I’m not even sure that’s their goal, but they certainly nailed it today with the word panjandrum. It means an important personage or pretentious official, and today was jam packed with panjandrums. In fact, I didn’t even get a chance

Paulson on BofA/Merrill Deal: I Have No Recollection, Senator

Former Treasury Secretary Henry Paulson gave his testimony on the BofA/Merrill deal to the House Committee on Oversight & Government Reform this morning, and he’s still being cross-examined now, a couple of hours later. Watching it, the only thing that comes to mind is a little lesson from the movie Clear & Present Danger. In

Citi To Lend Out $36.5b of $45b in TARP Funds Received

Citigroup has said that it will lend $25.7b in mortgages, $2.5b in consumer loans, $1b in student loans, $5.8b in credit cards, and $1.5b in corporate loans in the near future using $36.5b of the $45b in TARP funds it has received from Treasury. This should be seen as a welcome development after TARP creator

Soros: The Right and Wrong Way To Bail Out The Banks

Below is a proposal from George Soros on how to bailout the banks. It’s on his website and recently ran in the Financial Times. His proposal weighs two ideas: (1) the ‘bad bank’ idea that’s been floating around which says that the FDIC leads an effort, modeled after the original TARP incarnation, to buy illiquid

bTunes Dedication to Hank Paulson: I Will Not Apologize by The Roots

Amazon.com WidgetsOn this last day of the current administration, we have a special bTunes dedication for outgoing Treasury Secretary Henry Paulson. It comes after massive heat he’s taken for his handling of the Troubled Asset Relief Program (TARP). The song is I Will Not Apologize by The Roots, off their eighth album Rising Down which

Paulson’s Recommendations For Fannie/Freddie

Citi + Morgan Stanley To Be Called CITIMORG According to current financial reports, a deal to combine the brokerages of Citigroup and Morgan Stanley — which would give Citi more cash, and Morgan Stanley more manpower — appears just days away. In light of the new venture with Morgan Stanley, the new entity name will