Bank stock purchase pushed; 'no' to protectionism

Oct. 12, 2008

Treasury Secretary Henry Paulson told international leaders today that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action by the Bush administration on measures to make direct purchases of bank stock to help unlock lending.

Paulson cool to auto company help

WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson urged Congress to modify already-passed legislation to help the auto companies rather than expect him to buy stock.

Paulson says recovery will take time

WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. told members of Congress Tuesday to look beyond Wall Street to find the effects of the financial bailout.

Kanjorski compares Paulson to Hoover

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Paul Kanjorski, D-Pa., told Treasury Secretary Henry Paulson there is a "crisis of confidence" across the United States that demands action.

Bailout shifts from buying to investing

WASHINGTON, Nov. 12 (UPI) -- The federal government backed off a plan to buy toxic mortgages, U.S. Treasury Secretary Henry Paulson said Wednesday, favoring a program of investment.

Lambright named to bailout post

WASHINGTON, Oct. 22 (UPI) -- James H. Lambright, head of the Export-Import Bank, Wednesday was named interim chief investment officer for the U.S. program to bail out the nation's banks.

Paulson outlines equity purchase program

WASHINGTON, Oct. 20 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. emphasized Monday the $250 billion bank equity purchase program would not cost taxpayers.

Paulson: Poor affected by crisis need aid

WASHINGTON, Oct. 12 (UPI) -- Global financial institutions must be ready to mitigate the impact of financial crisis on the world's poor, U.S. Treasury Secretary Henry Paulson said Sunday.

Crisis will be resolved, Bush pledges

WASHINGTON, Oct. 10 (UPI) -- U.S. Treasury Secretary Henry Paulson Friday said Washington will begin to acquire stock in financial institutions as part of a plan to loosen credit markets.

Bush, Paulson to hold two bailout meetings

WASHINGTON, Oct. 9 (UPI) -- U.S. Treasury Secretary Henry Paulson and financial ministers will discuss coordinating an answer to the global financial crisis, the White House said.

Treasury considers bank purchasing plan

WASHINGTON, Oct. 9 (UPI) -- The U.S. Treasury Department said it is considering a plan of buying bank shares to restore confidence in lending.

Bailout won't bail out all, Paulson says

WASHINGTON, Oct. 8 (UPI) -- The $700 billion U.S. financial bailout plan won't save every financial institution, U.S. Treasury Secretary Henry Paulson said Wednesday.

Treasury secretary says he'll act quickly

WASHINGTON, Oct. 3 (UPI) -- U.S. Treasury Secretary Henry Paulson said he will work quickly but deliberately to implement the authorities he has under the financial markets rescue plan.

Paulson says bailout protects taxpayers

WASHINGTON, Sept. 23 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. said Tuesday a $700 billion bailout plan would cost taxpayers less than allowing financial firms to fail.

Paulson outlines plan for financial fix

WASHINGTON, Sept. 19 (UPI) -- The federal government must take "further, decisive action" to fix the cause of the U.S. financial system's crisis, the U.S. Treasury chief said Friday.