Dec 19th, 2008 · One of the crucial moments in the economic crisis came last month when Treasury Secretary Henry Paulson announced the government would help banks by purchasing billions of dollars of their stock. Paulson had previously opposed the idea but some people credit it with preventing financial collapse. Paulson only had authority to buy that stock because of some subtle wording that made it into the bailout bill.
Nov 18th, 2008 · Treasury Secretary Henry Paulson once again defends his management of the federal government's $700 billion rescue program for the financial industry. Democrats want some of the money used to help other ailing industries, as well as struggling homeowners.
Nov 18th, 2008 · Treasury Secretary Henry Pauson is defending the $700 billion bailout on Capital Hill Tuesday. Meanwhile, the question of whether automakers will get more government money, hangs heavy in the air.
Nov 13th, 2008 · Treasury Secretary Henry Paulson talks about his plans to stave off more economic turmoil. Despite the government's $700 billion financial rescue package, credit markets remain frozen and the economy keeps getting worse.
Nov 12th, 2008 · Treasury Secretary Henry Paulson has reversed course, saying the government will not buy up banks' troubled assets. Instead, he has said, the administration will use part of the bailout money to buy stock in banks in an attempt to encourage them to lend.
Nov 12th, 2008 · Treasury Secretary Henry Paulson delivered a progress report Wednesday in Washington, defending the Bush administration's use of the $700 billion financial rescue package. The program was meant to buy up mortgage-backed securities full of toxic subprime mortgages, but so far $250 billion has been injected into banks.
Nov 12th, 2008 · Instead of being used to buy toxic assets, Treasury Secretary Henry Paulson says a $700 billion bailout program will be used in other ways to stabilize financial markets. The program will now include companies that issue credit card debt, auto loans and student loans.
Oct 20th, 2008 · Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson separately addressed the ongoing financial crisis this morning. Bernanke warned that it will be a while before the economy can bounce back. Paulson explained to reporters how his bank equity program would work. We examine Bernanke's and Paulson's efforts to reassure the country that they've got the economic situation under control.