Henry Paulson's time at Treasury has been one pratfall after another. Even so, on Tuesday he managed to outdo himself. Paulson held a "surprise" press conference where he announced that the $700 billion Troubled Asset Relief Program (TARP) wouldn't be used to buy troubled assets after all.  Instead, the money will used to bail out insurance giant... Read More

  It is being billed as a "massive shakeup of US financial market regulation", but don't be deceived. Treasury Secretary Henry Paulson's proposals for broad market reform are neither "timely" nor "thoughtful" (Reuters) In fact, its all just more of the same free market "we can police ourselves" mumbo jumbo that got us into this... Read More

It's a good thing Henry "Hank" Paulson wasn't around in 1929 or we'd all be hawking apples on a street-corner. Paulson is currently on a losing-streak that would have been the envy of Marvelous "Marv" Thorneberry and the '67 Mets. In the last three months he's put together three new programs to deal with the... Read More

Treasury Secretary Henry Paulson wrapped up 2 days of high level talks with the Chinese delegation on Wednesday without any progress on the two issues of central importance to the American people"the massive $230 billion trade deficit and the ongoing manipulation of the Chinese currency, the yuan. As expected, China agreed to allow "more passenger... Read More