Paulson to name adviser to oversee U.S. bailout: report

Oct. 6, 2008

PHILADELPHIA (Reuters) - Treasury Secretary Henry Paulson is expected to name Neel Kashkari to oversee the $700 billion program to buy distressed assets from financial institutions, The Wall Street Journal reported on Sunday.

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.

Frank to Paulson: Help homeowners

WASHINGTON, Nov. 18 (UPI) -- U.S. Rep. Barney Frank, D-Mass., Tuesday took U.S. Treasury Secretary Henry Paulson to task for the government's failure to buy up problem mortgages.

House grills Treasury on bailout

WASHINGTON, Nov. 14 (UPI) -- A U.S. House panel kept up the congressional criticism of the Treasury Department's handling of the $700 billion financial bailout Friday.

CEO pay now in former CEO's hands

WASHINGTON, Oct. 20 (UPI) -- Executive pay limits mandated by the $700 billion financial bailout bill may not have any teeth to them, a Democratic congressman warned.

Feds buying into nine banks, Paulson says

WASHINGTON, Oct. 14 (UPI) -- U.S. Treasury Secretary Henry Paulson said Tuesday the department would buy stakes in nine banks to help restore confidence in the financial system.

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.

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.

Paulson lays bailout implementation plans

WASHINGTON, Oct. 4 (UPI) -- U.S. Treasury Secretary Henry Paulson is considering who to hire to lead the implementation of a $700 billion financial industry bailout plan, sources said.

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.

Sen. Shelby: Bailout as presented flawed

WASHINGTON, Sept. 26 (UPI) -- The $700 billion Wall Street bailout proposed by U.S. Treasury Secretary Henry Paulson is structurally flawed, Sen. Richard Shelby, R-Ala., said Friday.

Pickens: 'I'd give Paulson the money'

WASHINGTON, Sept. 25 (UPI) -- Oilman T. Boone Pickens said Thursday the United States should give the Treasury secretary funds for a financial sector bailout "and tell him to get it fixed."

Bush: U.S. economy in crisis

WASHINGTON, Sept. 24 (UPI) -- U.S. President George W. Bush said the nation's economy would suffer catastrophic effects if Congress fails to pass a bailout of the financial industry.

Paulson pitches plan to House Republicans

WASHINGTON, Sept. 24 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. agreed Wednesday companies benefiting from a bailout plan should impose restrictions on executive pay.

Obama: Bailout must have oversight

WASHINGTON, Sept. 23 (UPI) -- Democratic presidential candidate Barack Obama said he'd support a bailout of U.S. financial markets only if it had proper oversight and protects taxpayers.