Worst of all, the credit crisis spread to all parts of the U.S. Major institutions including Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch, and Citigroup, among others-all steeped in rich, longstanding tradition-literally teetered at the edge of collapse. “ Dealing With China.” Grand Central Publishing, 2015.When Hank Paulson, the former CEO of Goldman Sachs, was appointed in 2006 to become the nation's next Secretary of the Treasury, he knew that his move from Wall Street to Washington would be daunting and challenging.īut Paulson had no idea that a year later, he would find himself at the very epicenter of the world's most cataclysmic financial crisis since the Great Depression. Paulson, “ On the Brink.” Grand Central Publishing, 2011. Paulson, Jr., Secretary of the Treasury.” “ H.R.1424 - A Bill to Provide Authority for the Federal Government to Purchase and Insure Certain Types of Troubled Assets for the Purposes of Providing Stability to and Preventing Disruption in the Economy and Financial System and Protecting Taxpayers, to Amend the Internal Revenue Code of 1986 to Provide Incentives for Energy Production and Conservation, to Extend Certain Expiring Provisions, to Provide Individual Income Tax Relief, and for Other Purposes.” “ Emergency Order Pursuant to Section 12(K)(2) of the Securities Exchange Act of 1934 Taking Temporary Action to Respond to Market Developments.” “ Treasury Announces Temporary Guarantee Program for Money Market Funds.” “ The Global Financial Crisis: Analysis and Policy Implications,”. “ H.R.3997 - Defenders of Freedom Tax Relief Act of 2007.”Ĭongressional Research Service. Credit Markets: Recent Actions Regarding Government-Sponsored Entities, Investment Banks, and Other Financial Institutions.” “ Twenty-Eight Money Market Funds That Could Have Broken the Buck: New Data on Losses During the 2008 Crisis.” Paulson, “ On the Brink,” Search for “no legal basis” and “resolving Lehman Brothers.” Grand Central Publishing, 2011.įederal Reserve Bank of New York. “ Testimony Concerning the Lehman Brothers Examiner's Report.” “ Financial Meltdown and Policy Response,” Pages 4-5. “ Press Briefing by Dana Perino and Secretary of the Treasury Henry Paulson.” “ Housing and Economic Recovery Act of 2008,” Pages 2, 16, 19-20. “ CBS News’ Face the Nation Sunday, July 20, 2008,”. “ The Appointment of FHFA as Conservator for Fannie Mae and Freddie Mac.”ĬBS News. “ The Causes and Effects of the Lehman Brothers Bankruptcy,”. “ Overview of Previous Tax Rebates During Economic Downturns.”
“ Fact Sheet Creation of the U.S.-China Strategic Economic Dialogue.” “ President Bush Delivers State of the Union Address.”
“ An Open Economy Is Vital to United States.” “ Dealing With China,” Search for “70 times.” Grand Central Publishing, 2015. “ FY 2021 Budget in Brief,” Pages 6, 150.
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