Hank Paulson

Tales From The FOMC Underground

"Many of today’s economic troubles are due to a fantastic guess proved false... That the wealth effect of inflated asset prices would stimulate demand in the economy."

Stockman: The Trump Reflation Fantasy Ends On Day 100

"In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD. I’m referring to the “Mother of All Debt” crises, of course... The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s reign."

Paul Ryan "Begged On One Knee" For Obamacare Repeal Vote

In September 2008, Treasury Secretary Hank Paulson reportedly begged House speaker Nancy Pelosi on one knee to support his bailout plan - it worked. Nine years later, faced with a crisis of his own, Speaker Ryan reportedly got down on one knee to plead with Rep. Don Young of Alaska – the longest-serving Republican in Congress - to support the bill.  (He was unsuccessful.)

Gary Cohn's Parting Gift From Goldman: An Accelerated $124 Million

Leaving Goldman Sachs to work for the government has always been a lucrative career move: eight years ago, it allowed former Treasury Secretary Hank Paulson to sell $500 million in Goldman stock tax free, and now its the turn of Gary Cohn, Goldman's former COO and president, who is leaving to join Trump's cabinet, who is departing with an "accelerated" gift.

Trump May Appoint President Of World's Biggest Hedge Fund As Deputy Defense Secretary

For those who collect stats about how many billionaires will be represented in Donald Trump's administration, prepare to make some extra room because according to Bloomberg, David McCormick, president of the world's biggest hedge fund Bridgewater, is the front-runner for the post of deputy defense secretary, according to three people familiar with the presidential transition.