Posts tagged Secretary Paulson

• The Next Bailout: How Much Will It Cost?

  Paul Kiesel | October 07, 2008 4:35 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  A few excellent points on the $700 billion Rescue Package have been made since President Bush signed it into law last Friday. 1. The plan does not recapitalize banks, it just buys their troubled...

• Three Blind Mice: Bush, Bernanke and Paulson on the Economy

  Paul Kiesel | September 25, 2008 3:53 PM | 3 CommentsLos Angeles, CA Category: Miscellaneous
  

  How wrong were Bush, Bernanke and Paulson on the state of the economy over the past six months? Very wrong. "I have great confidence in our capital markets and in our financial institutions. Our...

• SEC Chairman Chris Cox: "Market Ripe for Fraud and Manipulation"

  Paul Kiesel | September 23, 2008 2:15 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  SEC Chairman Chris Cox testified this morning at the Senate Banking Committee hearing in regards to the potential Wall Street Bailout plan that was proposed over the weekend. Cox said that his...

• What's Missing From Bush's Bailout Plan? For Starters, the Word Bailout...

  Paul Kiesel | September 19, 2008 7:36 PM | 2 CommentsLos Angeles, CA Category: Miscellaneous
  

  It's finally happened. The federal government, much to the chagrin and support of Congressional leaders, stepped in this morning and has written a blank check for Wall Street's blunders. In his...

• Housing Crisis has Los Angeles Upside-Down

  Paul Kiesel | August 12, 2008 2:48 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  There is good news and bad news coming from Zillow.com's recent home value statistics for the Los Angeles area. The good news: If you purchased your current home in 2003, you're very likely not to...

• Secretary Paulson: Housing Crisis Remains the Biggest Threat to U.S. Economy

  Paul Kiesel | August 11, 2008 8:42 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Even after Fannie Mae and Freddie Mac announced last week that their losses were three times worse than estimated, Treasury Secretary Paulson said, "We have no plans to insert money into either of...

• Bush Signs Housing Relief Package

  Paul Kiesel | July 30, 2008 2:27 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  President Bush finally signed into law this morning the housing relief bill that seemed, until two weeks ago, as if it wouldn't get signed (see the President's comments from last week), after months...

• Bush Embraces Housing Bill, GOP Demands More Time to Review Rescue Package

  Paul Kiesel | July 16, 2008 10:06 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  A grinning Barney Frank told Politico.com that, "The top financial officials of George Bush's administration have come before the public and said 'We're from the government, and we're here to help...

• Taxpayers on the Hook for Fed's Recent Fannie Mae and Freddie Mac Intervention

  Paul Kiesel | July 14, 2008 4:22 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  Fannie Mae and Freddie Mac own over half of the $10 trillion in home mortgages in the U.S. combined. These two government sponsored entities are seen as the wheels that make the mortgage industry...

• Treasury Secretary Paulson: Foreclosures are "Not Preventable"

  Paul Kiesel | July 09, 2008 2:48 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Treasury Secretary Henry Paulson said Tuesday that many homes cannot be saved from foreclosure and that, "There is little public policymakers can, or should, do to compensate for untenable financial...