Paulson warns of more bankruptcies

Oct. 8, 2008

WASHINGTON (AFP) - US Treasury Secretary Henry Paulson said Wednesday that more financial firms were expected to go bankrupt in the United States despite a massive government bailout plan approved last week.

Paulson: No magic bullet for the economy

WASHINGTON, Nov. 25 (UPI) -- U.S. Treasury Secretary Henry Paulson said there's no magic bullet to fix the economy and it is naive to assume one piece of legislation could do so.

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.

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.

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.

Treasury eyes credit-focus bailout

WASHINGTON, Nov. 13 (UPI) -- U.S. officials charged with pulling the country out of its financial malaise say they're working on a credit-focused plan aimed at thawing consumer credit.

U.S. markets close down Wednesday

NEW YORK, Nov. 12 (UPI) -- U.S. stock indexes slid from the opening bell to the close Wednesday on news the U.S. Treasury is considering changes in the $700 billion federal bailout plan.

Paulson: Bailout not for auto industry

WASHINGTON, Nov. 12 (UPI) -- The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.

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.

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.

Ex-Goldman, Sachs exec to oversee bailout

WASHINGTON, Oct. 6 (UPI) -- U.S. Treasury Secretary Henry Paulson Jr. Monday put a 35-year-old ex-Goldman, Sachs & Co. executive in charge of ramrodding the $700 billion bailout program.

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.

Poll: More disapprove of bailout handling

PRINCETON, N.J., Sept. 29 (UPI) -- More Americans say they disapprove of the way most of the U.S. political leaders have handled the financial crisis, a Gallup poll indicated Monday.

House GOP rebukes Bush on bailout plan

WASHINGTON, Sept. 27 (UPI) -- A U.S. House Republican move to scuttle a $700 billion financial bailout bill is the culmination of frustrations with the White House, observers say.