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Henry Paulson
'Poverty Inc.' gives long lecture on the banking world
The advocacy documentary "Poverty Inc." claims that the Federal Reserve, like other central banks such as the International Monetary Fund and the World Bank, is a pyramid scheme that redistributes wealth from the many to the few through quantitative easing. It characterizes the Fed as an unconstitutional lobbying body for commercial banks that prints money out of thin air. The film also contends that the 1999 repeal of the Glass-Steagall Act effectively turned Goldman Sachs from a financial casino into a commercial bank with full government coverage. Its former head, Henry Paulson, went to the George W. Bush administration to leverage how much it could borrow speculatively, the...
Related "Henry Paulson" Articles
'Poverty Inc.' gives long lecture on the banking world
The advocacy documentary "Poverty Inc." claims that the Federal Reserve, like other central banks such as the International Monetary Fund and the World Bank, is a pyramid scheme that redistributes wealth from the many to the few through...
Maurice Greenberg puts U.S. handling of AIG bailout on trial
Maurice R. Greenberg, the ousted chief executive of American International Group Inc., was practically laughed out of New York for claiming that he and other shareholders were shortchanged by the U.S. government's $182-billion bailout of AIG.
No one's...
Suit asks why U.S. bailout of AIG wasn't more generous
The trial pitting a fallen financial titan against an array of former high government luminaries provides a through-the-looking-glass view of the financial credit crisis of 2008 — a view that only makes sense on Wall Street.
In the U.S. Court of...
AIG bailout was designed to punish insurance giant, Paulson testifies
The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry M. Paulson said in U.S. court Monday.
The $85-billion loan package extended to AIG — then reeling...
Trial begins in lawsuit over AIG's $182-billion taxpayer bailout
The U.S. extorted American International Group Inc. shareholders when it extended a $182-billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg said.
Greenberg's Starr International Co., AIG's...
Eric Cantor latest politician to move to Wall Street
Former House Majority Leader Eric Cantor became the latest politician to move to Wall Street, taking a high-paying job at investment bank Moelis & Co. and boosting the profile of the boutique firm founded in Century City.
Cantor, 51, who resigned...
Bipartisan report tallies climate change impact on economy, urges businesses to act
Billions of dollars of property damage along the Eastern Seaboard. Sharply reduced yields of corn, wheat and soy at Midwestern farms. Rising sea levels threatening military installations in Southern California.
These and other risks from...
Warren in new book accuses Kashkari of lying as TARP chief
In her new book, “A Fighting Chance,” Massachusetts Sen. Elizabeth Warren accuses California gubernatorial candidate Neel Kashkari of lying to her when he led the taxpayer-funded federal bank bailout.
Warren, a Democrat, served as chair of the bipartisan...
Kashkari raises $1.3 million for gubernatorial bid
GOP gubernatorial candidate Neel Kashkari has raised $1.3 million in the two months since he kicked off his campaign and has about $900,000 in the bank, according to disclosures filed with the state on Monday.
Kashkari’s campaign wants to raise several...
Gov. Jerry Brown amasses $19.7 million for reelection bid
SACRAMENTO — Gov. Jerry Brown has built a war chest of $19.7 million to fund his bid for an unprecedented fourth term, easily eclipsing the money raised by his challengers, according to new campaign reports filed with the state.
Brown has raised nearly...
Timothy Geithner unapologetic in memoir of the financial crisis
Former Treasury Secretary Timothy F. Geithner never seemed to fit in the nation’s capital. And he knew it.
He begins his memoir, “Stress Test: Reflections on Financial Crises,” by admitting that he was “an unorthodox choice” for one of the most crucial...
Neel Kashkari says his diverse skills prepare him to serve as governor
Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a young man's...
Neel Kashkari's stint running TARP inspired admiration, criticism
In 2008, when Treasury Secretary Henry M. Paulson needed someone to run the controversial bailout of the nation's banks, he turned to a trusted and unflappable aide who had followed him from Goldman Sachs to Washington — Neel Kashkari.
"We had other...
The carbon taxes we're already paying
In June, a decades-long open secret hit the media like a typhoon: Climate change is the fundamental economic challenge of our time.
The bipartisan troika of former New York Mayor Michael Bloomberg, hedge fund mogul Tom Steyer and former Treasury...
Water that irrigates lawns and golf courses should grow food instead
To the editor: Boy, our priorities are screwed up when it comes to allocating water. Central Valley farmer Fred Lujan's water supply for growing our food was cut off, but hundreds of golf courses in California remain lush? What craziness is this?...
Saturday's TV highlights and weekend talk: 'Outlaw Prophet' and more
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This week's TV Movie
Past Republican donors rebuffing GOP candidates to back Jerry Brown
With Democratic Gov. Jerry Brown expected to romp to reelection this year against little-known rivals, many donors who gave Republican candidates more than $37 million in the last gubernatorial contest are now keeping their hands in their pockets.
But...
PASSINGS: Herbert Allison Jr.
Herbert Allison Jr.
Headed Fannie Mae, U.S. bank rescue program
Herbert Allison Jr., 69, a former head of the U.S. government's bank rescue program and chief executive of Fannie Mae after it was taken over by the government, died Sunday at his home...
China's leaders rethink growth model as economy runs out of steam
BEIJING — The Chinese leadership is hyping a Communist Party meeting that began Saturday as the greatest financial rethink since leader Deng Xiaoping launched China's economic revolution in the late 1970s.
In keeping with past patterns, the Chinese...
Former Treasury Secretary Timothy Geithner joins private equity firm
WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday.
Geithner, who was a major player in the...
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