Keyword: paulson

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  • Tillerson picked as SOS, Recommended by James Baker and Robert Gates

    12/12/2016 8:15:33 PM PST · by nwrep · 116 replies
    The New York Times ^ | Dec 12, 2016 | By MICHAEL D. SHEAR and MAGGIE HABERMAN
    Mr. Tillerson emerged as a contender on the strong recommendations of James A. Baker III, the secretary of state under President George Bush, and Robert M. Gates, the former defense secretary, according to a person briefed on the process. Mr. Kushner and Mr. Trump’s chief strategist, Stephen K. Bannon, advocated strongly for Mr. Tillerson, and the president-elect became intrigued.
  • PAULSON'S RIPPED $700B BAILOUT CALLED 'MASTERFUL DECEIT'

    07/17/2009 5:12:13 AM PDT · by Liz · 75 replies · 2,117+ views
    NY POST ^ | 7/17/09 | PAUL THARP
    .......almost every lawmaker blasted Former Treasury Secy Hank Paulson's $700B bailout as a deception and ultimate bait-and-switch ruse. "It was masterful deceit," said Rep. Marcy Kaptur (D-Ohio), hammering Paulson for his initial pleas to Congress a year ago to buy toxic assets.....that went to prop up banks and financial firms......Paulson's payoff to his Wall Street "pals," said one lawmaker. "You misled Congress," said Rep Stephen Lynch (D-Mass). Paulson, he said, concealed his ultimate motive....to give $700B to his pals.'" "You asked us, and not very tactfully, for a blank check," said Rep Mark Souder (R-Ind). ".......if we had known you...
  • Exxon Mobil signs on to Republican-led carbon tax proposal

    06/20/2017 9:54:17 PM PDT · by Timpanagos1 · 35 replies
    Houston Chronicle ^ | 6/20/17 | James Osborne
    WASHINGTON - Exxon Mobil Corp. and other large oil companies are backing a carbon tax proposal put forward earlier this year by a group of former Republican leaders including James A. Baker III, the former secretary of state and a Houston attorney. The Climate Leadership Coalition, a group that includes Baker, former Treasury Secretary Hank Paulson, and former Secretary of State George Shultz, announced a list of "founding members" Tuesday that includes Exxon Mobil, BP, Shell, Total, General Motors and Johnson & Johnson. "We support @TheCLCouncil as a founding member and are working to support its policy development process," Exxon...
  • Senior Republican statesmen propose replacing Obama’s climate policies with a carbon tax

    02/11/2017 5:37:45 PM PST · by yoe · 58 replies
    The Washington Post ^ | Feburary 8, 2017 | Chris Mooney and Juliet Eilperin
    Representatives from a coalition of veteran Republican officials — including five who have either served as treasury secretary or as chairman of the Council of Economic Advisers — met Wednesday with White House officials to discuss the idea of imposing a national carbon tax, rather than using federal regulations, to address climate change.[snip]Despite the group’s impeccable Republican credentials — Baker, Paulson and Schultz served as treasury secretaries and Feldstein and Mankiw served as CEA chairs under GOP presidents — the proposal faces long odds. Many congressional Republicans are adamantly against a tax increase of any kind, and President Trump repeatedly...
  • Minnesota GOP (RINO) Rep. Paulsen Criticizes Trump Travel Ban

    02/01/2017 5:58:31 PM PST · by ButThreeLeftsDo · 12 replies
    KSTP.com ^ | 2/1/17 | AP
    A Minnesota Republican congressman is criticizing President Donald Trump's temporary travel ban on seven Muslim-majority countries.                 Rep. Eric Paulsen said in a statement Monday the executive order "is too broad and has been poorly implemented and conceived."                 Paulsen says it doesn't ensure that legal residents such as green card holders and people who are no threat, such as those who served alongside the U.S. military in Iraq, are treated fairly.
  • Pat Paulsen For President 2016 America Outta Shut Up Tour

    09/16/2016 7:16:53 AM PDT · by Paul46360 · 12 replies
    20th Anniv. from the Smother's Brothers
  • Donald Trump targeted by Henry Paulson in op-ed endorsing Hillary Clinton

    06/25/2016 11:59:39 AM PDT · by Innovative · 58 replies
    CBS News ^ | June 25, 2016 | Reena Flores
    "This troubles me deeply as a Republican, but it troubles me even more as an American," said Paulson, a former Goldman Sachs chief executive who spearheaded the 2008 Wall Street bank bailout as treasury secretary. "Enough is enough," he wrote. "It's time to put country before party and say it together: Never Trump." Instead, he offered up Democrats' presumptive presidential nominee, Hillary Clinton, as the country's best alternative to Trump, encouraging his GOP colleagues to consider her when casting their ballot.
  • Republican ex-Treasury chief Paulson slams Trump, to vote for Clinton

    06/25/2016 7:28:18 AM PDT · by Olog-hai · 90 replies
    Reuters ^ | Fri Jun 24, 2016 8:37pm EDT | Eric Beech
    Henry Paulson, a Republican who was U.S. Treasury secretary during the 2008 financial meltdown, on Friday called a Donald Trump presidency “unthinkable” and said he will vote for Democrat Hillary Clinton. Paulson joins a growing list of establishment Republicans who say they will not cast a ballot in the Nov. 8 election for Trump, the party’s presumptive nominee and a political neophyte whose populist rhetoric runs counter to many long-held Republican principles. […] “I’ll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and...
  • John Paulson and George Soros Score Big Selling OneWest Bank For $3.4 Billion

    07/22/2014 10:34:23 AM PDT · by mgist · 12 replies
    Forbes ^ | 7/22/14
    John Paulson and George Soros Score Big Selling OneWest Bank For $3.4 Billion Comment Now Follow Comments A gang made up of some of Wall Street’s biggest names and formed by former Goldman Sachs partner Steve Mnuchin is set to realize a big score from the sale of OneWest Bank to CIT Group CIT +11.19% for $3.4 billion. Hedge fund billionaires John Paulson and George Soros were part of the group that together with buyout baron Christopher Flowers and billionaire Michael Dell bought the assets in 2009 of the former IndyMac, one of the nation’s largest bank failures ever, from...
  • "We Made It Wider!" Hank Paulson Bursts Out Laughing When Asked About Wealth Inequality

    09/07/2015 7:31:14 AM PDT · by Cheerio · 28 replies
    Zerohedge ^ | 09/06/2015 | Tyler Durden
    A few months ago, a hurt Ben Bernanke put on his blogger hat and set out to explain why, in his mind, the unconventional policies undertaken by the Fed in the post-crisis years have not contributed to record income inequality. As we noted at the time, epic hilarity ensued. Bernanke’s explanation went something like this: while QE does indeed inflate asset prices, poor people have been getting poorer for quite some time, so sure, maybe the Fed contributed a little bit, but probably not a whole lot and besides, the more Keynes the better when it comes to smoothing out...
  • Prouty: I believe in a PR renaissance and the ‘smart money’ does too

    02/14/2014 11:37:02 AM PST · by cll · 6 replies
    Caribbean Business ^ | 2/142014 | Nicholas Prouty
    tor Nicholas Prouty, who is betting at least $750 million on Puerto Rico through his firm Putnam Bridge, remains bullish on the island’s potential despite credit downgrades and marathon economic doldrums. Putnam Bridge is spending $450 million to overhaul its Puerto del Rey Marina complex in Fajardo and spending hundreds of millions more at its La Ciudadela housing and commercial complex in Santurce, a project that includes plans to create a sprawling public park in the historic heart of San Juan. Prouty’s passion for Puerto Rico, and his confidence that an economic rebound is in the works, was evident in...
  • Hedge-fund Manager Paulson (major Democratic donor) Moving to Puerto Rico?

    03/11/2013 8:11:54 AM PDT · by reaganaut1 · 6 replies
    Barron's ^ | March 11, 2013 | Brendan Conway
    Unnamed sources speaking with Bloomberg News say the hedge-fund manager is considering relocating to Puerto Rico for tax reasons, to benefit from a new law that the wire says lets new residents pay no local or U.S. federal taxes on capital gains. The story goes on to relate, via those unnamed sources, that Paulson & Co.would remain in New York:
  • A Rhodes-style China scholarship - ($300 Million)

    04/21/2013 8:00:05 PM PDT · by haffast · 4 replies
    The Hindu ^ | April 22, 2013 | Keith Bradsher
    The private-equity tycoon Stephen A. Schwarzman, backed by an array of mostly western blue-chip companies with interests in China, is creating a $300 million scholarship for study in China that he hopes will rival the Rhodes scholarship in prestige and influence. The programme, whose endowment represents one of the largest single gifts to education in the world and one of the largest philanthropic gifts ever in China, was announced by Mr. Schwarzman in Beijing on Sunday. The Schwarzman Scholars programme will pay all expenses for 200 students each year from around the world for a one-year master’s programme at Tsinghua...
  • Billionaire John Paulson may be eyeing move to Puerto Rico to pay lower taxes: report

    03/12/2013 6:04:36 AM PDT · by cll · 24 replies
    NY Daily News ^ | 3/11/2013 | Erik Ortiz
    Could big-money billionaire John Paulson be ready to bolt from New York and into a palatial Puerto Rico penthouse in the name of lower taxes? A Bloomberg News report says the Queens-born hedge fund heavyweight — worth $11.2 billion — has looked at property in the wealthy Condado neighborhood of San Juan. The $5 million penthouse he reportedly eyed is 8,379 square feet, occupies three floors and includes six underground parking spaces, according to the Trillion Realty Group listing. ~ snip ~ Paulson’s potential move to the commonwealth would save the 57-year-old from paying tax gains on the $9.5 billion...
  • The Great Economic Collapse; and why no one is arrested

    12/15/2011 9:14:27 AM PST · by Starman417 · 20 replies · 1+ views
    Flopping Aces ^ | 12-15-11 | Gary Kukis
    60 Minutes, as usual, had a very nearly excellent program last week on the economic collapse, and they were all upset because no one has been arrested; no particular person appears to be under investigation.  They have a good reason to be upset, but they seemed, at least in this report (and in several previous programs), to be clueless as to why. What happened at the end of 2008 changed history and the direction of the United States.  Treasury Secretary Hank Paulson goes to President George Bush and tells him, “The banks in the United States are about to collapse. ...
  • How Paulson Gave Hedge Funds Advance Word (about Fannie and Freddie shares)

    11/29/2011 7:14:17 AM PST · by reaganaut1 · 5 replies
    Bloomberg | November 29, 2011 | Richard Teitelbaum
    No excerpt allowed from Bloomberg, story here .
  • Government looks to past, free enterprise to future

    06/19/2011 4:55:55 AM PDT · by gusopol3 · 6 replies
    Washington Examiner ^ | June 18, 2011 | Michael Barone
    Two years ago, in June 2009, the American economy emerged from recession, according to the National Bureau of Economic Research. But as this week's Economist noted, with typical British understatement, "The recovery has been a disappointment." And maybe not a recovery for long. Robert Shiller, the economist who first identified the housing bubble, said last week that we may be headed for recession again. "Whether we call it a double dip or not," he told Reuters, "there is a risk." His Case/Shiller housing price index indicated that home prices in March slumped to levels not seen since March 2003, and...
  • Obama names businessman Bryson to Commerce post

    05/31/2011 8:41:36 AM PDT · by sunmars · 33 replies
    WASHINGTON—President Barack Obama will nominate businessman John Bryson to lead the Commerce Department, a White House official said Tuesday. Bryson's appointment brings another private sector player into an administration that has been making a concerted effort to improve its relationship with the business community.
  • Too Big to Fail Surprises

    05/19/2011 3:26:02 PM PDT · by MrTim29 · 3 replies
    A Hollywood Republican ^ | 05/19/11 | Tim Ross
    I’ve written several articles skewering HBO for producing political projects destined to air immediately prior to the 2012 election, where the vast majority of the cast and crew are passionate Barack Obama supporters, and where the content is aimed at the Democrat’s two favorite Republican villains… Sarah Palin and Dick Cheney. So, when I sat down to watch HBO’s Too Big to Fail, I prepared myself for the worst. What I didn’t expect was the big surprise awaiting me. Too Big to Fail, which premieres on HBO on May 23, 2011, features a star studded cast recounting the events that...
  • Soros Has Begun Dumping Gold And Silver, While John Paulson Says Gold Will Go To $4,000

    05/04/2011 6:32:50 AM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 05/04/2011 | Joe Weisenthal
    John Paulson told a UK news show on Tuesday that gold is going to $4,000, reports WSJ. Despite some recent gyrations in the precious metals arena -- more so on the silver side of things -- the prominent investor remains super-bullish for the next 3-5 years. On the other hand, according to reporters Gregory Zuckman and Caroline Cui, Soros has been a seller of gold and silver lately. What what's interesting is why: Soros no longer sees a big threat of deflation. Huh? Yes, while the average person may still think of gold as a bet to counter inflation, the...