paulson

In one case Mr Paulson blurted out that he did not want to be account- able to taxpayers.

One minute, Robert Paulson was the warm center that the life of the world crowded around, and the next moment, Robert Paulson was an object.

In theory, Ben Bernanke, Henry Paulson and Tim Geithner were as well prepared as anyone for this sort of event.

Mr. Paulson said he would continue to resist efforts to force banks to lend the money they receive from Treasury.

Asked what he might have done better, Mr. Paulson replied, "I could have made a better case to the public. "

It's hard to know what Mr. Paulson was thinking as he never really had to explain himself, at least not in public.

The thing that frightened me was that Mr Paulson put up US government money when he so obviously did not want to.

Some investors like the fact that Mr. Paulson is sticking to his guns on his investments this year.

In his speech in London, Mr. Paulson emphasized that the financial markets have yet to adapt to the changing climate.

And while Paulson didn't get sued, because the SEC said he made no misrepresentations, he did make $1 billion on the deal.

Paulson said the U. S. relationship with China is so significant and complex that it needs to be handled cautiously.

He couldn't say precisely how much of the portfolio underlying the deal was designed by Paulson & Co. , the hedge fund betting on a decline.

Paulson said the loans would likely be nonrecourse, meaning investors wouldn't have to pay the Fed back if the underlying borrower defaults.

Mr Paulson said he would be "pressing my colleagues around the world to design similar programmes for their banks" .

Mr Paulson was still right to intervene: the collapse of Fannie and Freddie would have been a catastrophe.

IF HANK PAULSON had not already lost all his hair, he would surely be tearing it out right now.

Paulson said the same day that China is still committed to the appreciation of the yuan over time.

Mr Paulson made his career at Goldman Sachs at a time when the company was transforming itself into a global meritocracy.

"If someone thinks Hank Paulson could have made the Fed save Lehman Brothers, the answer is, 'No way, ' " he said.

Bernanke also said he had not directed then-Treasury Secretary Henry Paulson to threaten to fire management.

But lawmakers, who repeatedly interrupted Mr. Paulson to ask him to move closer to his microphone, showed little faith in his answers.

That stake has since been sold, for an estimated $400m (Mr Paulson has said he would put his fortune into a charitable trust).

"And I've assured them that the plan laid out by Secretary Paulson is a robust plan to deal with a serious problem, " he went on.

Mr. Paulson said he had to convince a reluctant Mr. Bush that saving AIG was the right decision.

Paulson is not the only big name caught up in the storm.

As for Lehman, Mr. Paulson insisted that it was "a symptom and not a cause" of the financial meltdown that took place in recent weeks.

Bob told Hank Paulson about this fear and he said get on a plane.

The trouble was that Paulson needed buyers of the CDO, in order that it could be a seller.

But how much did the banks benefit from Hank Paulson's "gift" ?

Some students snapped photos of Mr. Paulson; others waited for a glimpse of him.

Paulson, a soft-spoken native of the New York borough of Queens, was an overlooked investor for much of his career.

The shift does not mean Paulson is moving away from his bullish view on gold, a person familiar with the matter said.

Mr. Paulson's firm focuses on largely liquid investments, or those that are relatively easy to sell without pushing prices much lower.

Like Mr Trichet, Mr Paulson said the complexity and global distribution of the securities at the heart of the crisis would prolong it.

Mr. Paulson said he would try to allay those concerns during his meeting Monday.

To that end, he said he thought Fed Chairman Ben Bernanke and Paulson were right to voice support for the dollar last week.

Mr Paulson said he would work with Congress to pass the required legislation "over the next week" .

Mr Paulson said housing was "at the heart of the turmoil and stress for our financial markets and financial institutions" .

This week, China's official Xinhua news agency said Mr. Paulson had sent it a statement clarifying his views.

Paulson said the United States is not afraid of competition from China and supports its continuing efforts to open its economy.

The action begins a formal Treasury role that, just a few weeks ago, Secretary Paulson said he expected to avoid.

Hank Paulson, now America's treasury secretary, is said to have visited China at least 70 times when he was the firm's chief executive.

A Fed spokeswoman said the 'structure and the parameters' of the new program Mr. Paulson described are 'under discussion and development. '

Paulson said he believes China intends to reform its currency and has begun to allow the yuan to appreciate.

Mr Paulson plans to leave much of his fortune to environmental causes.

Since arriving in Washington from Goldman Sachs a year ago, Hank Paulson has carried the expectations of an entire industry.

Treasury Secretary Henry Paulson canceled his planned visit and stayed in Washington to help hammer out a stimulus package.

Paulson allows most investors to pull out four times a year , but they need to give at least 60 days notice .

Mr Paulson and Ms Wu will meet twice a year, and the process will continue on an ongoing basis at a senior official level.

But Mr Paulson has never been a salesman.

Speaking on Fox News Sunday, Paulson said the plan's ultimate cost will likely be less than the initial outlay of funds.

Paulson said the treasury was examining how the $700bn Tarp fund could be used to prevent home foreclosures.

If Mr Paulson can pull off the biggest deal of his life, he could be remembered as the most powerful Treasury secretary.

Treasury Secretary Henry Paulson, who led the US delegation, said the two days of meetings were productive and straightforward.

Mr. Paulson used the term 'market failure' at least six times and 'unprecedented' at least twice in less than two hours.

Paulson said the current financial crisis had many causes, including government inaction and mistaken actions, outdated U.

Prof Johnson says part of his role as an economist is to "float ideas" in ways Hank Paulson, US Treasury Secretary, for instance, is unable.

The heart of the document is one straightforward claim: that Goldman misrepresented the role played by Paulson & Co, a hedge fund.

On CNN's Late Edition program, Treasury Secretary Paulson said the action taken by the Federal Reserve was warranted.

That was the main lesson of former Treasury Secretary Hank Paulson's semiannual meetings with his Chinese counterparts. For two years, Mr.

Mr. Paulson was in Beijing for a seminar on urban development co-hosted by his new Paulson Institute, based in Chicago.

Lawmakers continued to unload their frustration on Messrs. Bernanke and Paulson during hearings Wednesday.

Mr. Paulson has been snapping up bargain-priced debt of Lehman and is now one of its biggest creditors.

Treasury Secretary Paulson told skeptical lawmakers that the two-year long slump in the U. S. housing market is the cause of the crisis.

Hank Paulson, the US Treasury secretary, said the programme would initially cost "hundreds of billions of dollars. "

In response to an investor's question, Mr. Paulson said he had no plans to give up managing money for outside clients, the people said.

But it need not be quite so blatant: even if Mr Paulson's fund buys comparable assets, Goldman will be able to mark up its own book.

Hank Paulson, the Treasury secretary, continued to hold talks with banks yesterday.

But he should consider finding some role for Mr Paulson, at least for a while.

US Treasury Secretary Henry Paulson said the stimulus package aimed to make more lending available to consumers.

In the interview, however, Mr. Paulson said the main issue was whether it was legal.

Self-deprecating, even down to his lack of fashion sense, Mr Paulson gives a frank assessment of his strengths and weaknesses.

It was the greatest opportunity of his career, hedge fund manager John Paulson told investors in 2006.

Like his predecessor, Henry Paulson, Geithner seems to be more popular with investors in theory than in practice.

Some investors are asking why they should pay Mr. Paulson to invest in gold, as he doesn't have years of commodity experience.

Now we see Hank Paulson, US Treasury secretary, trying to organise a cartel of holders of toxic securitised assets in the "superSIV" .

Paulson said that Congress should focus on helping workers who are displaced by trade rather than trying to raise import barriers.

John Paulson stepped away from his desk to greet a group of clients in his Manhattan offices as stocks tumbled last month.

Paulson: I've heard those arguments, and I understand them, but I don't believe that tariffs or protectionism is the answer.

Mr Paulson, who personally pressed Ms Wu for financial reform, said the steps were "incremental changes" .

It definitely embraced them with Abacus, keeping IKB in the dark both about Paulson and its own view of mortgage CDOs.

This is one of several anecdotes in Mr Paulson's eagerly awaited account of capitalism's near-meltdown that have already been aired.

Paulson said he expects the purchase of GSE debt would come at no cost, and possibly at a profit, to taxpayers.

Treasury Secretary Henry Paulson said the moves will increase the availability of credit for home buyers.

Another worry Mr. Paulson had during the dark days of 2008 was 'a sudden decline in the dollar. '

Each of those accusations has weight and yet none proves that Mr Paulson was wrong.

'One of the things I learned during my career is I'm not a great investor, ' said Paulson, the former head of Goldman Sachs Group Inc. (GS).

Agent Paulson continues to debrief the women, but Teri's exhaustion causes her to lose focus.

But the true depth and extent of the losses did not become clear until earlier this year, Mr. Paulson said.

'Implementation of the Paulson plan is going to be a mess, ' he wrote.

Why was a firm like Mr. Paulson's allowed to choose the securities in the CDO it was planning to bet against?

Mr. Paulson said the currency issue was a "core concern" and would take time to resolve.

And U. S. Treasury Secretary Henry Paulson is said to be considering creating an institution to deal with troubled banks and investments.

Mr Paulson's promise did not resolve the uncertainty owners and creditors faced about the soundness of their own investment.

Mr. Paulson said the point of the move may have been 'to test our resolve, ' but the two countries - thankfully - never followed through.

Mr. Paulson said he had set no timeline for going to Congress to request the second TARP installment.

There will be much huffing about China in congressional hearings, but the Democrats seem prepared to give Mr Paulson's new strategy a shot.

In his closing comments, Paulson announced one of the concrete results of this round.

Mr Paulson's pragmatism has given him a degree of flexibility in deciding who to save and who to allow to go under.

Stem the tide of foreclosures. The original Paulson plan is like a massive blood transfusion to a patient with severe internal hemorrhaging.

ACA did so on an understanding it obtained from Goldman that Mr Paulson was to take a long position in the securities.

Mr Paulson said he did so at "the request" of Ben Bernanke, the Fed chairman.

The Paulson Treasury spent months trying to fashion auctions in which the government would buy these assets.

Speaking at China's Academy of Sciences, Paulson said the technology would improve the health and well being of the Chinese people.

Mr Paulson drew inspiration from his president, as well as the Almighty.

And when Mr. Paulson announced his plan for a huge bailout, there was a temporary surge of optimism.

Yet Mr Paulson suggested this week that the Gulf's currency pegs were not the cause of its inflation problems.

Mr Paulson wants the strategic dialogue to address some of these broader issues. Congress should stop distracting him.

Paulson said he expects continued market volatility but he is confident that stability will be restored.

And Paulson and two of the new aid is to be Italy's former golden boy as a "waste of resources Ewing . "

Rumours of a move by Mr Paulson to the Treasury had been circulating for months, all adamantly denied.

"We had to, " Mr. Paulson said. "Our banks would not have been able to compete. "

Obviously, there weren't: the Paulson plan was clearly drawn up in haste and confusion.

Treasury Secretary Henry Paulson says emergency legislation will be presented to lawmakers within the next two days.

Paulson emphasized that China needs a "market-determined" currency to have balanced growth and to contribute to a healthy global economy.

Mr. Paulson's own money largely is in gold, and in gold-denominated share classes offered by his firm.

He said Treasury Secretary Henry Paulson had too much power in the crisis.

By bailing out some of the private lenders, Mr Paulson risks giving the seal of government approval to a sometimes dodgy business.

As chairman and chief executive of Goldman Sachs, Mr Paulson cultivated long-term relationships with a wide range of Chinese leaders.

For a best case, imagine a virtuous circle of events that starts with a favorable market reaction to Paulson's putsch.

The original Bernanke-Paulson plan largely was a plan to shore up the derivatives while doing little about the underlying assets.

Goldman didn't tell IKB who was on the other side of the trade, or the extent to which Paulson influenced selections.

Mr Paulson is quite right to approach this question as a discussion of mutual interests.

Treasury Secretary Henry Paulson was the president's lead negotiator with Congress.

Mr Paulson, who did after all insert a clause in the bail-out plan allowing himself to switch course, may have been ruled by realpolitik .

It treated IKB like a trade counterparty while Paulson got the privileges associated with a client.

Now, Hank Paulson, the treasury secretary, is schmoozing Democrats to see if they might co-operate.

When Congress modified the Paulson plan, it introduced provisions that made such a capital injection possible, but not mandatory.

Paulson conceived as a way for the two sides to have top-level talks about long-term issues.

Mr. Paulson, the most celebrated hedge-fund manager in recent years, is going through the worst period of his career.

And Paulson's dedicated gold fund gained 11% in July and was up 2. 5% for the year, he said.

China would be lucky if, as Mr Paulson hopes, the Zhejiang model was adopted by the rest of the country.

In an apparent response to criticism that he was profiting from misery, Paulson gave $15m to a charity aiding people fighting foreclosure.

Some of Geithner's soft handling of Congress may be the consequence of its rocky relationship with Paulson.

And, indeed, the banks that gained most from Paulson's gift are also the banks that were in imminent danger of a run.

He said that US's financial system had four fundamental problem, Paulson rescues the plan only to solve one.

After seeking to defuse lingering trade disputes with China for the last 15 months, Paulson instead may have to tamp down fresh outbreaks.

Goldman's retort is that it had nothing to disclose - Paulson's role wasn't material, it maintains.

Mr. Paulson added, "No one will, 10 years from now, write the story that this crisis was about Lehman Brothers going down. "

Apparently, not all that Paulson touches turns to gold.

If I was Mr Paulson, in other words, I would certainly be smiling in public right now, in a suitably soothing way.

Mr Paulson's poor showing is perhaps also evidence of the risks of putting a very rich man in charge of the Treasury.

Bankers had been under no illusions that the tweaked Paulson plan would cure all the financial system's ills.

Paulson rarely gives interviews and is guarded about his methods - embedding hi-tech software in his emails to prevent them being forwarded.

However, he emphasised that he does not expect any legal action to be taken against his company, Paulson & Co.

Mr. Paulson was really making the suggestion, on the face of it fairly reasonable, that a global crisis probably had global origins.

Hedge-fund titan John Paulson on Thursday owned up to a series of recent mistakes.

But shortly after the financial rescue plan passed Congress in early October, a flood of economists came out against Paulson's plan.

Hank Paulson, the US Treasury Secretary, told reporters in Ghana, "a strong dollar is in our nation's interest" .

Bush Treasury Secretary Henry Paulson is preparing rooms at the Treasury for a transition team to assure smooth coordination.

One of Paulson & Co. 's largest funds, Paulson Advantage, is up less than 1% in October, two investors say.

The talk, part of Mr. Paulson's promotional tour for his new book 'On the Brink, ' was held during a meeting of the Greater Omaha Chamber.

The meeting in Washington came at Paulson's request. Federal Reserve Chairman Ben Bernanke was also in attendance.

In a speech earlier this year, Mr Paulson eloquently made the case for China to accelerate the reform of its capital and financial markets.

Just months after Mr. Paulson placed his historic trade, U. S. housing prices began to fall.

Many of you were unhappy when I called former Treasury Secretary Hank Paulson a 'hero' for saving our economy last autumn.

The bill requires Treasury to set up an insurance-based alternative. But the core of what Mr. Paulson requested survived largely unscathed.

We know John Paulson made $1 billion betting against mortgages using one of these CDOs.

Mr. Paulson and his team had no experience with CDS contracts. But they put the time into learning about them.

Hank Paulson, Blankfein's immediate predecessor, came from a banking background; but his predecessor, Jon Corzine, was a trader.

Paulson urged cooperation among Democrats and Republicans in Congress and among world leaders, as they work through the crisis.

Bankers involved say they do not recall Mr. Paulson talking about Lehman's impaired collateral.

Paulson*s net worth is pegged at $15. 5 billion, even as some of his investors have suffered steep losses in his funds this year.

With his billions , Mr. Paulson is in a powerful position to get an early call from banks needing capital .

Mister Paulson has recently warned of the danger to American competitiveness from, in his words, an "ever-expanding rulebook. "

Though it was a day after gold prices had plunged, and stocks were jittery, Mr. Paulson took time to join the hour-long meeting.

Paulson is leading a U. S. delegation that includes several cabinet-rank officials and (Ben Bernanke, ) the head of the Federal Reserve.

"He was asked to aggressively look for a buyer, " Mr. Paulson recalled in an interview.

Second, because Mr Paulson carries political clout at home and is Beijing's most receptive and sophisticated US interlocutor.

As Mr Paulson admitted this week "there is not a single or simple solution that will undo the excesses of the last few years. "

For instance, John Paulson, a hedge-fund boss known for his lucrative bet against the housing market, will soon offer a UCITS III product.

Mr Paulson was upbeat, pointing out that since the Treasury would hold the securities to maturity it might one day reap net gains.

And since the start of 2010 many funds have been opening offices in Asia, including giants like Moore Capital, GLG and Paulson & Co.

In effect, Mr Paulson engineered the equivalent of a half-point cut in interest rates targeted at the mortgage market.

Paulson has acknowledged that he hasn't done enough to coordinate China policy with Congress and promises to do something about it.

Mr. Paulson and other regulators said the steps were temporary.

Ultimately, Paulson said, "government support needs to be either explicit or nonexistent. "

Mr Paulson quoted Mr Lewis as responding to his comments on management change by saying: "That makes it simple. Let's de-escalate. "

Speaking ahead of a trip to Beijing, Mr Paulson called on China to maintain its policy of encouraging the renminbi to appreciate.

In contrast, when Mr. Paulson bet against the housing market in 2006, his was an outlier view.

Mr Paulson's challenge is to nudge them to act faster without seeming to be bowing to US pressure.

Paulson said Mr. Geithner was briefed on various matters during the transition period but that he didn't consider him a 'decision maker.

Mr. Paulson interrupted to ask him what hotel he'd stayed at.

Some U. S. manufacturers lobbied Paulson and his predecessors to classify China as a currency manipulator.

Of all the decisions made by Hank Paulson and Ben Bernanke, the one to let Lehman go under stands as the most pivotal.

There appears to be a sliver of good news for Mr. Paulson.

'Going back about five weeks, everybody has worked through every weekday and every weekend, ' Mr. Paulson said in an interview.

In a speech this week, Hank Paulson, US Treasury secretary, insisted on the right of individual governments to take unilateral steps.

But if Mr. Paulson isn't the grown-up we need, are Congressional leaders ready and able to fill the role?

Mr Paulson sent the request to Congress in a two-and-a-half page legislative proposal.

That goes for European countries too, which could assess Mr Paulson's initial, flawed version of his $700bn plan before tweaking it.

Paulson said that traders wanted to stay positioned for a potential year-end rally if stocks break through resistance.

Mr Paulson has also committed to buying as much extra equity as is needed to make sure the GSEs' net worth is never negative.

Meanwhile, Treasury Secretary Henry Paulson provided an update on how the rescue package is being implemented.

In this case, an individual following Paulson's path would have done better with index investing.

Paulson also praised China's mobile news subscribers for good questions and said they could work for the US media.

Unpopular even within his own party, he left Hank Paulson, the Treasury secretary, to take the lead.

Mr Paulson is likely to use today's summit to renew calls for Beijing to allow an appreciation of its currency.

Some skeptics are calling Henry Paulson's $700 billion rescue plan for the U. S. financial system "cash for trash. "

Last week's talks between Hank Paulson, the US Treasury secretary, and a Chinese delegation produced movement, but not much progress.

The investment bank then sold Abacus to its clients without telling them about Paulson's true role.

The Advantage funds, the two largest in the Paulson stable, attracted a number of pension funds and institutional investors in recent years.

That support was reinforced at the weekend when Hank Paulson, US Treasury secretary, offered emergency funding for the companies.

'Unless you want to go sit next to him at a Nationals game, ' said Mr. Paulson, 'he's not going to spend a lot of time schmoozing. '

Mr Bush and Mr Paulson were forced to accept that they were either with European governments or the markets would be against them.

Mr. Paulson, by then, had become frustrated with what he perceived as Mr. Fuld's foot-dragging.

Goldman says that ACA and IKB were sophisticated investors and that disclosure of Paulson's role was not required.

In fact, it puts Mr. Paulson himself under much-needed adult supervision, calling for an oversight board "with cease and desist authority. "

As for whether Paulson can keep it going, the early evidence this year is not especially promising.

After meeting in Paris Monday with his French counterpart, Paulson cautioned against any quick decisions to increase market regulation.

How should you bet if you think Mr. Paulson's right?

Former Treasury Secretary Henry Paulson is finishing a book that highlights the political risks he took last year to save the economy.

While in Africa, Paulson is expected to talk about issues that are directly related to economic and financial performance.

Mr. Paulson said that Chinese officials understand 'the principle of appreciation' and its role in helping them combat inflation.

Paulson was able to exert the influence it did because of the informal way in which Goldman and other investment banks put CDOs together.

He pours cold water on a proposal by Hank Paulson, America's treasury secretary, to give the Fed broad responsibility over market stability.

The treasury secretary, Henry Paulson, insisted that AIG's chief executive, Robert Willumstad, stepped down as a condition of the deal.

Paulson's first problem that Saturday was the reluctance of Wall Street to finance a lifeboat.

The SEC alleges that Goldman misled ACA into believing that Paulson would co-invest with it.

Under Paulson leads the Ministry of Finance also to start to appoint the Democratic Party supporter to take the post of the high-level duty.

Hank Paulson, Treasury secretary, told Congress that the Fed's decision to cut interest rates "helped to stabilise financial markets" .

But Hank Paulson, the treasury secretary, decided to draw a line and refuse such help.

Mr Geithner's predecessor, Hank Paulson, twice tried and failed to deal with toxic assets.

Also in his camp: John Paulson, the hedge-fund manager who made billions betting mortgage-backed securities would implode. Mr.

Quick action by the FDIC could help to press Congress into agreeing to Treasury secretary Hank Paulson's bailout plan for the banks.

'Who are the financial magicians Paulson is going to hire' to handle bad loans?

Henry Paulson, the treasury secretary, in a brief statement, promised to work closely with Obama's team.

Legislators from both parties wrung concessions from Hank Paulson, the treasury secretary, to provide necessary political cover.

Mr. Zhou 'has a charming, mellow style, but underneath he's as tough as can be, ' says former U. S. Treasury Secretary Hank Paulson.

Secretary Paulson says the measures will require legislation to deal with the bad housing debt held by financial companies.

AsMr Paulson himself has said, such growth benefits the US economy; it is not a sign of its weakness.

Financial firms have been positioning for months ahead of Mr. Paulson's visit, and other deals also could be in the works.

The dialogue, Mr Paulson said yesterday, would allow both parties to "take a long-term strategic view to managing this relationship" .

Both Bernanke and Paulson agreed, but said without a comprehensive bailout all consumers will suffer.

The SEC alleges that Goldman should have disclosed Mr. Paulson's involvement in creating the portfolio and his bearish bet.

A gentle nudge from Mr Bush or his Treasury secretary, Hank Paulson, would be the best way to resolve the Wolfowitz mess.

Sarah Paulson, Jennifer Lopez and Madonna take a classy approach to showing some skin in sexy, long-sleeve, sheer dresses.

Paulson made several trips to China during his tenure, before the United States' financial crisis deepened last summer.

Paulson says recovery will take time, and a new regulatory framework cannot be developed while the financial situation is unfolding.

A Paulson acolyte, fellow former Goldman Sachs banker Neel Kashkari, was put in charge of the initiative at the treasury.

Kashkari is an Indian-American who has a few things in common with Paulson.

Picking up the cynical mood, Stephen Colbert, a comedian, lampooned Paulson's pitch.

Earlier this year, Secretary Paulson proposed a blueprint that would modernize our financial regulations.

and an exhausted Mr Paulson, begging congressional leaders on his knees to back a huge rescue plan.

But Hank Paulson's Treasury studiously avoided accusing Beijing of "currency manipulation" , a term that carries legal implications.

Well, the bipartisan "agreement on principles" released on Thursday looks a lot better than the original Paulson plan.

Yesterday's testimony had both Bernanke and Paulson struggling to provide the necessary clarity to persuade senate banking committee.

Thank you for that, Comrade Paulson.

Eager for a sympathetic portrayal, Mr Paulson courted HBO and Mr Hurt, even taking the actor on holiday.

China can also see that Paulson is concerned about the incoming Democrats on this issue.