Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

U.S. Investing $250 Billion in Banks

Oct. 13, 2008
Treasury Secretary Henry M. Paulson Jr. told nine leading bankers they would have to accept government investment for the good of the U.S. financial system.
Related Stories from UPI.com

Paulson: Treasury needs the other $350B

WASHINGTON, Dec. 19 (UPI) -- The remaining $350 billion in bailout funds is needed to ensure the stability of financial markets, Treasury Secretary Henry Paulson said Friday.
Paulson cool to auto company help

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

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

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.
Paulson outlines equity purchase program

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.
Feds buying into nine banks, Paulson says

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.

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

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 says bailout carries least risk

WASHINGTON, Sept. 21 (UPI) -- Treasury Secretary Henry Paulson said Sunday the rescue plan for Wall Street would help everyday Americans by unclogging the U.S. financial system.

Foreign banks added to U.S. bailout list

WASHINGTON, Sept. 21 (UPI) -- Overseas banks could be eligible for financial help in the Bush administration's planned bailout of the mortgage industry, the Politico reported Sunday.

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.
Paulson: 'No choice' available in bailout

Paulson: 'No choice' available in bailout

WASHINGTON, Sept. 8 (UPI) -- Fannie Mae and Freddie Mac are so entwined in the U.S. financial system, the U.S. government had to intervene, Treasury Secretary Henry Paulson said.
Reg overhaul would expand Fed's power

Reg overhaul would expand Fed's power

WASHINGTON, March 31 (UPI) -- An extensive overhaul of the way Wall Street is regulated was formally unveiled Monday by U.S. Treasury Secretary Henry Paulson.
1 of 27
Snigdha Nandipati of San Diego wins Finals of the Scripps National Spelling Bee
View Caption
Snigdha Nandipati of San Diego, California watches confetti rain down as she wins the two-day Scripps National Spelling Bee championship, May 31, 2012, in National Harbor, Maryland. Nandipati successfully spelled the word .* guetapens *, meaning to lure or ambush. UPI/Mike Theiler