Henry Paulson

Bailout Economy Has Roots In Obscure Law

by Rob K. Blake | May 31, 2009

Many believe the mortgage and housing crisis which triggered an impending financial system meltdown according to the former Treasury Secretary, Hank Paulson, would need a Congressional “blank check” to avert disaster. At least, that is what Ben Bernanke and Mr. Paulson told Congress who then gave them the “bailout bill” including the $750 Billion asked [...]

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Economy

Government To Steal $15,000 From Every American Household To Bailout Big Banks and Lenders

by Charles Feldman | September 21, 2008

NOTE: Image below is $15,000 Cash . . . pretty nice, huh? If someone came into your home and held you at gunpoint and forced you to fork over $15 thousand dollars in cash (provided, of course, you kept such a large amount at home), you’d call the cops as soon as you could, wouldn’t [...]

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Economy

Paulson Seeks Congressional Authority To Spend $700B

by Rob K. Blake | September 21, 2008

Hank Paulson is not done asking for more authority to “rescue” us from the mortgage crisis. In his first round of legislative begging, he got Congress to pass The Housing Economic Recovery Act of 2008 which gave him the right to take over Fannie and Freddie putting taxpayers on the hook for their greed and [...]

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Real Estate

The Sad Saga of Fannie Mae and Freddie Mac: BAILOUT! Conventional Wisdom Failed

by Charles Feldman | September 9, 2008

Not too long ago, I wrote for this blog that when Congress passed a plan to help Fannie Mae and Freddie Mac, it amounted to a taxpayer bailout of these two mortgage giants. There were those who took issue at the time with my use of the word “bailout.” Sadly, as the events of the [...]

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Commentary

Bush Discovers Mortgage Crisis: Says He Is Watching

by Charles Feldman | January 9, 2008

Will wonders never cease? First, Hillary Clinton proves the media wrong and wins the New Hampshire presidential primary with a comfortable number of votes just 24 hours after some polls said she would lose by as much as 15 percent. And now, George W. Bush has finally come to recognize what most of the world [...]

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Commentary

Treasury Secretary Awakens From Coma: Finally Realizes Housing Bubble Exists

by Charles Feldman | October 17, 2007

Well,it took long enough. Henry Paulson Jr. — that would be the U.S. Secretary of the Treasury — admitted that the housing/credit/confidence crush (HCCC for short) is a hell of a lot worse that he ever imagined (clearly the Secretary does not exactly have a fertile imagination!) and, . . . now this is the [...]

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