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Deal Journal - WSJ.com   : Mean Street: Hank Paulson, National Hero
Deal Journal - WSJ.com : Mean Street: Hank Paulson, National Hero
History often carries an air of inevitability. Nixon in China. Reagan at the Berlin Wall. And now Paulson in D.C. Only a wealthy Wall Street CEO could have undertaken Monday’s sotto voce nationalization of the U.S. banking system — and saved the economy from collapse. meanstreet Critics, hold ...
Radical Measures May Be In The Wings - Financials * US * News * Story
cnbc.com — As the financial crisis threatens to spiral out of control, Treasury Secretary Henry Paulson is prepared to... take extraordinary steps through the extensive authority granted to him under emergency rescue legislation. With the legislation’s main ... (more) Radical Measures May Be In The Wings - Financials * US ...
Paulson Indicates Need to Purchase Bank Equity `Soon as We Can'
bloomberg.com — Paulson Indicates Need to Purchase Bank Equity `Soon as We Can' By John Brinsley and Rebecca Christie... Oct. 11 (Bloomberg) -- U.S. Treasury Secretary Henry Paulson indicated that pumping government funds into banks is a priority and said financial ... (more) Paulson Indicates Need to Purchase Bank Equity `Soon as ...
Oh, No!
econlog.econlib.org — (October 11, 2008 10:36 PM, by Arnold Kling) The Wall Street Journal reports, The government's plan to... buy equity in financial institutions, announced Friday by Treasury Secretary Henry Paulson, is an idea that many academic economists have championed ... (more) Oh, No!
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Candide, or Optimism
The Epicurean Dealmaker — ... Evan Newmark continues to surprise me with hidden talents. Today, he is a philosopher, out-Panglossing Pangloss by putting forth the modest proposal that we anoint Treasury Secretary Henry Paulson a national hero for his role in the current credit crisis. Yes, you read that correctly. ...

Wednesday links: gloomy and vague
Abnormal Returns — ... capitalism) US corporations are hoarding cash and passing up the opportunity to buy back shares.  (FT.com) Is the US Treasury going to make money as a bank investor?  (NYTimes.com, MarketBeat) How prior bank recapitalizations have played out over time.  (Odd Numbers) Hank Paulson, national hero?  (Deal Journal) Need cash?  Call a hedge fund.  ...

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