Hank Paulson

According to a recent Bloomberg Markets Magazine article, in the summer of 2008, former Treasury Secretary Hank Paulson tipped off a group of powerful hedge fund managers about a possible scenario where the government would place ailing mortgage GSE's Fannie Mae and Freddie Mac into conservatorship...

In a fairer world, former Treasury Secretary Hank Paulson would spend the next 10 to 12 years in federal prison. In case you missed it, we now have proof that, at the height of the housing crisis and just a few weeks before the public learned that Freddie and Fannie were completely underwater,...

Hank Paulson asked for, and ultimately received his bazooka. For now, it looks like Jean-Claude Trichet is coming out with a squirt gun, when he really needs a RPG launcher at this time. Last night, the European Central Bank announced it would be buying Spanish and Italian bonds, as quantitative...

That was nothing short of a brutal earnings report from Goldman Sachs (NYSE: GS) and is worth of asking whether the prestigious investment bank has lost its luster on Wall Street. The New York-based investment bank reported earnings of $1.85 per share on $7.28 billion in revenues. Wall Street...

I watched "Too Big to Fail" last night, and I have to say that the HBO movie was much better than expected, and it gives a mostly accurate depiction of what happened during the 2008 financial crisis. The movie, taken from Andrew Ross Sorkin's best-seller, was able to depict the major players...