Paulson Says U.S. Was ‘Close’ to Financial Collapse

Paulson Says U.S. Was ‘Close’ to Financial Collapse

Michael McKee and Peter Cook Bloomberg Tuesday, February 2nd, 2010 The U.S. economy came “very close” to collapsing into a second Great Depression and the government had no alternative to bailing out financial firms, former Treasury Secretary Henry Paulson said. “There was a time when the credit markets had essentially frozen and when blue chip [...]

Paulson Asked to Testify At AIG Bailout Hearing With Geithner

Paulson Asked to Testify At AIG Bailout Hearing With Geithner

Hugh Son Bloomberg Saturday, January 16th, 2010 Former Treasury Secretary Henry Paulson has been asked to join his successor Timothy Geithner in testifying before a House panel examining bailout payments to American International Group Inc.’s trading partners. Paulson was invited to a Jan. 27 hearing set by Edolphus Towns, chairman of the House Oversight and [...]