Markets

Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis erupted. It may have saved the US economy

Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession. The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed […]
Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis erupted. It may have saved the US economy
Markets

It’s Time To Tell Paulson, Bernanke, And Geithner: You Were Right And We Were Wrong — Thank You For Saving The Economy

[credit provider=””>http://commons.wikimedia.org/wiki/File:Bernanke–500.jpg”] The U.S. Treasury this morning rid itself of the last piece of exposure it had to AIG, the insurer at the centre of the 2008 financial crisis. Both the Fed and the U.S. Treasury intervened heavily during the crisis, with the ostensible objective of stabilizing the system and […]
It’s Time To Tell Paulson, Bernanke, And Geithner: You Were Right And We Were Wrong — Thank You For Saving The Economy
News

Governator To Paulson: About That $7 Billion, Never Mind

A week after he sent a letter to Hank Paulson saying he might need a small loan of $7 billion to shore up California’s economy, Governor Arnold Schwarzenegger wrote Paulson another note saying the state probably wouldn’t need his help after all.
Governator To Paulson: About That $7 Billion, Never Mind