Financial Markets

Reform the architecture of regulation

Financial Times
17-Mar-2009
By Henry Paulson
In the midst of the market turmoil, the pressing priority for US and global policymakers is to repair the financial system and restore the economy. Just as important, however, will be addressing the serious flaws exposed by this crisis. This process of reflection and reform will be critical [...]

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Read the original and skip the media “empty-suits” opinions:
October 8, 2008
hp1189
Statement by Secretary Henry M. Paulson, Jr. on Financial Markets Update
Washington, DC– Good afternoon. Last Friday Congress finalized and President Bush signed into law the bipartisan Emergency Economic Stabilization Act. The EESA provides the Treasury, the Federal Reserve and the FDIC with important new authorities to [...]

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Large gap UP on the open . . . .  lots of selling into the gap.
Overall Sec Hank Paulson did a superb job.

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As expected, Secretary Hank Paulson’s hosted a press conference at 11:00am Sunday September 7, 2008. Read about it below. I am glad we have a man of Hank Paulson’s calibre and experience leading us through a very, very difficult time in global financial markets.   
The Treasury Department and the Federal Housing Finance Agency, with support [...]

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Much criticism has been aimed at  Secretary of the Treasury Hank Paulson, Federal Reserve Chairman Ben Bernanke and SEC Chairman Christopher Cox for their swift action over the weekend of March 15-16 on Bear Stearns & Co. It is illuminating to read Cox’s letter to the Basel Committee on Banking Supervision(March 20, 2008) and the testimony [...]

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