Hank Paulson: Recession could have been worse

WASHINGTON, Sept. 15 (UPI) -- Former Treasury Secretary Hank Paulson said Sunday the financial crisis in 2008 could have been as bad as the Great Depression.

Paulson ties Russia to Fannie-Freddie plot

WASHINGTON, Conn., Jan. 29 (UPI) -- Russia asked China to join it in selling holdings in Fannie Mae and Freddie Mac to force an emergency U.S. bailout, former Treasury Secretary Hank Paulson says.
Paulson: Unemployment could have hit 25%

Paulson: Unemployment could have hit 25%

NEW YORK, Jan. 29 (UPI) -- Former Treasury Secretary Henry Paulson says U.S. unemployment could have reached as high as 25 percent if the government hadn't bailed out Wall Street banks.

Is the worst over?

CHICAGO, Oct. 13 (UPI) -- It may be a false dawn, but the initial indications are that the worst of the Crash of '08 may be over. The Asian and European markets are rising, the world's central banks have agreed to make as many dollars available as are needed, and the U.S. Treasury laid out its plans to spend its $800 billion bailout fund.
MARTIN WALKER, UPI Editor Emeritus
Bush's statement on financial markets

Bush's statement on financial markets

WASHINGTON, Sept. 19 (UPI) -- Following are remarks on the economy made Friday by U.S. President George Bush in Washington.

Lehman talks sag, Merrill has buyer

NEW YORK, Sept. 14 (UPI) -- Talks aimed at rescuing Lehman Brothers Inc. investment bank were fruitless but Merrill Lynch found a buyer in Bank of America Sunday, The New York Times said.

Analysis: Paulson and the end of optimism

WASHINGTON, July 2 (UPI) -- U.S. Treasury Secretary Henry "Hank" Paulson is in the news a lot these days, but not for the reasons he would like: Seven and half years of reckless and blindly optimistic fiscal and energy policies are coming home to bite him and his master, President George W. Bush.

Subprime rate freeze raises ire

WASHINGTON, Dec. 7 (UPI) -- A deal reached by major U.S. lenders to freeze rates on some subprime adjustable-rate mortgages is drawing criticism.

The Indo-Pakistan hyphen

MUMBAI, Oct. 31 (UPI) -- Although India claims that its economic growth makes the world view it as a coming great power independent of the traditional Indo-Pakistan perspective, that stubborn hyphen retains its relevance.
MARTIN WALKER, UPI Editor Emeritus

IMF head fears dollar’s abrupt fall

WASHINGTON, Oct. 23 (UPI) -- The outgoing International Monetary Fund head says the U.S. dollar’s decline so far has been orderly but the greenback faces a risk of an abrupt fall.
Hank Paulson
President George W. Bush speaks via conference call to bicameral and bipartisan leadership on January 17, 2008, from the Oval Office of the White House. With him is Secretary of the Treasury Hank Paulson. (UPI Photo/Joyce N. Boghosian/White House).

Henry Merritt "Hank" Paulson, Jr. (born March 28, 1946) served as the 74th United States Treasury Secretary. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. In 2008, Time named Paulson as a runner-up for its Person of the Year 2008, saying, with reference to the Global Financial Crisis of 2008: "if there is a face to this financial debacle, it is now his."

He was born in Palm Beach, Florida, to Marianna (née Gallauer) and Henry Merritt Paulson, a wholesale jeweler. He was raised in Barrington Hills, Illinois, as a Christian Scientist. Paulson attained the rank of Eagle Scout in the Boy Scouts of America.

A star athlete at Barrington High School, Paulson was a champion wrestler and stand-out football player, graduating in 1964. Paulson received his B.A. in English from Dartmouth College in 1968; at Dartmouth he was a member of Phi Beta Kappa and Sigma Alpha Epsilon and he was an All-Ivy, All-East, and honorable mention All American as an offensive lineman.

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It uses material from the Wikipedia article "Hank Paulson."
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