Hank Paulson is the ultimate insider. He worked with Nixon, was US treasury secretary, but hit the jackpot working for Goldman Sachs in China. Gerard Howlin discusses a career built on, among other things, charm.
Sat, 04 Jul, 2015
Tension grew in the US financial markets today, sending stocks mostly lower as investors worried about the effectiveness of a still-emerging government plan to rescue banks from crippling debt. The credit markets also showed added strain, with rising demand for short-term Treasury bills, considered the safest of investments.
Wed, 24 Sep, 2008
Presidential candidates Barack Obama and John McCain found themselves in rare agreement, each demanding the Bush administration's unprecedented US$700bn (€477bn) bailout for US financial institutions be subject to independent oversight and guarantees their top executives not be rewarded.
Wed, 24 Sep, 2008
The Bush administration insisted Congress must move quickly to approve what one politician called the "mother of all bailouts" - a US$700bn (€483.5bn) proposal to buy a mountain of bad mortgage debt in a bid to free up the nation's credit markets.
Mon, 22 Sep, 2008
THE world’s most famous hockey mom, Sarah Palin, wants creationism taught in America’s classrooms and, as unsentimental, unforgiving capitalist evolution topples masters-of-the-universe financiers, it is easy to envy the comfort offered by the certainty inherent in Palin’s Old Testament beliefs.
Wed, 17 Sep, 2008
US president George Bush said the historic federal government takeover of mortgage giants Fannie Mae and Freddie Mac was needed to keep them from failing, a risk he called “unacceptable” for an economy battered by housing and credit crises.
Mon, 08 Sep, 2008
President George W Bush tonight said that the historic federal government takeover of mortgage giants Fannie Mae and Freddie Mac is needed to keep them from failing, a risk he called “unacceptable” for an economy battered by housing and credit crises.
Sun, 07 Sep, 2008