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Apr 19, 2019 · What can we learn from the 2008 financial crisis that might apply next time? When the global financial system was melting down in 2008, Ben Bernanke was head of the Federal Reserve. Henry...
Apr 16, 2019 · April 16, 2019. FIREFIGHTING. The Financial Crisis and Its Lessons. By Ben S. Bernanke, Timothy F. Geithner and Henry M. Paulson Jr. For a few months in 2008 and 2009 many people feared...
- Early Life and Education
- Appointment as Treasury Secretary
- The 2007-2008 Financial Crisis
- The Paulson Institute
- The Bottom Line
Henry "Hank" M. Paulson Jr. was born in Palm Beach, Florida, in 1946, and raised in Barrington, Illinois. He earned a bachelor's degree in English from Dartmouth College in 1968 and an MBA from Harvard Business School in 1970. Paulson began his career on the White House Domestic Council as a staff assistant before joining Goldman Sachsin 1974. He w...
Nominated by President George W. Bush on June 19, 2006, and confirmed by the Senate on June 28, 2006, Paulson was sworn into office on July 10, 2006, as the 74th U.S. secretary of the Treasury. In his role, Paulson acted as the president's leading policy advisor on a broad range of domestic and international economic issues, most notably during the...
On Wednesday, Feb. 7, 2007, just seven months into Paulson's tenure, HSBC Bank USA announced losses linked to U.S. subprime mortgages. This event signaled the beginning of what became the 2007-2008 financial crisis, regarded as the worst economic disaster in the U.S. since the Great Depressionof the 1930s. As months passed, and defaults grew, Pauls...
As U.S. Treasury secretary, Paulson helped improve U.S. economic relations with China as well as its trading relationships with Panama, Colombia, South Korea, and Peru.He also worked to modernize the system for issuing U.S. Treasury bonds, helped enhance the national security review process to spur foreign investment in the United States, and launc...
As Treasury secretary from 2006 to 2009, Henry Paulson played a major role in managing the U.S. economy, particularly during the financial crisis of 2007-2008, one of the worst in U.S. and world history. Today, through his Paulson Institute, he continues to work on economic and environmental issues.
Jun 14, 2021 · The 2008 financial crisis diverted Paulson's attention back to the United States. In February, he helped launch the Bush economic stimulus plan. The Treasury Department sent $120 billion in tax rebate checks to spur spending and growth.
- Kimberly Amadeo
On September 19, 2008, Paulson called for the U.S. government to use hundreds of billions of Treasury dollars to help financial firms clean up nonperforming mortgages threatening the liquidity of those firms.
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May 29, 2019 · Bernanke, Paulson and Geithner: revisiting the 2008 financial crisis | Howard Davies | The Guardian. Before the collapse: Lehman Brothers, New York, 2008. Ben Bernanke, Hank Paulson and...
Sep 19, 2008 · Current Issue. Subscribe to Fortune. (Fortune magazine) -- As President Bush's third treasury secretary, Henry "Hank" Paulson was slow to get his footing and recognize the severity of the...
