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In May 2008, The Wall Street Journal wrote that Paulson said U.S. financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession. "I do believe that the worst is likely to be behind us," Paulson told the newspaper in an interview.
- Wendy Judge
- Republican
- 2, including Merritt
Apr 19, 2019 · When the global financial system was melting down in 2008, Ben Bernanke was head of the Federal Reserve. Henry Paulson Jr. was Treasury secretary.
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Feb 15, 2024 · The 2007-2008 Financial Crisis. 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...
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
Secretary Henry M. Paulson, Jr. led President George W. Bush’s economic team in designing and coordinating the successful domestic and international response beginning in 2008 to the greatest financial crisis since the Great Depression.
May 1, 2024 · In 2008 Paulson became the designated leader of the Bush administration’s attempt to stem a credit crisis resulting from widespread losses on faulty or subprime mortgage loans made by financial institutions.
6 days ago · Following the 2008 financial crisis, the bank wound down its proprietary trading arm. ... Hank Paulson. Henry “Hank” Paulson started at Goldman in 1974 having worked in Washington at the ...
