Risky Business Co-Chair Henry M. Paulson
Next Generation
Published on Jun 23, 2014
http://riskybusiness.org
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Note:
PAULSON'S BACK WITH ANOTHER "MANUFACTURED CRISIS"
PAULSON'S BACK WITH ANOTHER "MANUFACTURED CRISIS"
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.[34] Because of his leadership and public appearances on this issue, the press labeled these measures the "Paulson financial rescue plan" or simply the Paulson Plan.[35]
With the passage of H.R. 1424, Paulson became the manager of the United States Emergency Economic Stabilization fund.
As Treasury Secretary, he also sat on the newly established Financial Stability Oversight Board that oversaw the Troubled Assets Relief Program.
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