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Henry Paulson

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“ It would be unthinkable for Bank of America to take this destructive action for which there was no reasonable legal basis and which would show a lack of judgment ”
Paulson defends pressuring bank
United Press International
“ In the years leading up to the crisis, super-abundant savings from fast-growing emerging nations such as China and oil exporters ... put downward pressure on yields and risk spread everywhere ”
Disagreement over root of credit crisis
United Press International
“ While the purpose of (the TARP) and the enabling legislation is to stabilize our financial sector, the authority allows us to take this action ”
White House bails out GM, Chrysler
United Press International
“ The autos will get the money as quickly as we can prudently do it ”
Aid to autos 'very close' White House says
United Press International
“ We expect banks to increase their lending as a result of these efforts ”
Bailout to get first official critique
United Press International
“ By providing liquidity to issuers of consumer asset backed paper, the Federal Reserve facility will enable a broad range of institutions to step up their lending ”
Fed to ease consumer credit
United Press International
“ We're continuing to work and develop and deploy TARP (Troubled Asset Relief Program) capital in programs that make sense ”
Paulson: No timetable on TARP funds
United Press International
“ It is naive for any of us to think when you're dealing with a situation of this magnitude that a bill could be passed or a single action could be taken and make all of the issues to go away ”
Paulson: No magic bullet for the economy
United Press International
“ I know that this administration believes the auto industry is a very important, critical industry in this country. Manufacturing is critical to the country ”
Paulson: Bailout not for auto industry
United Press International
“ Foreclosure prevention is something I'll keep working on right up until I leave ”
Bailout shifts from buying to investing
United Press International
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