Henry Paulson
Henry Paulson, a member of The Nature Conservency, is the 74th United States Secretary of the Treasury. He is also a member of the Board of Governors for the International Monetary Fund, and on the Board of Directors for the Peregrine Fund.
On September 19, 2008, Paulson and President Bush outlined a financial rescue plan during a press conference. The plan that they laid out is part of a federal effort to contain the economic crisis. The plan could cost billions and would specifically target mortgage related "illiquid assets" that are affecting the economy.1
Fast Facts:
- Full Name: Henry Merritt "Hank" Paulson Jr.
- Born March 28, 1946, in Palm Beach, Florida
- Party: Republican
- Assumed Office: July 3, 2006
- Preceded By: John. W. Snow
- Spouse: Wendy
- Has two children
- Profession: Investment Banker
- Previous Occupation: Chairman and CEO of Goldman Sachs
- Alma Mater: Dartmouth College
- Also attended Harvard Business School
- Estimated net worth: $700M
Background
Early in his career, Paulson was the Staff Assistant to the Assistant Secretary of Defense, from 1970 to 1972. From 1972 to 1973, he was the assistant to John Ehrlichman. He joined the staff of Goldman Sachs in 1974. On May 30, 2006, President George W. Bush nominated Paulson to fill in a position in the Treasury department that John W. Snow had just vacated. It wasn't until June 28, 2006, that his position was made official.
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The Bush Administration | George W. Bush | Dick Cheney | Goldman Sachs | Republican Party | Subprime Mortgage Crisis | Subprime Mortgage Bailout | Housing Bubble | Buy My Shitpile | Neel Kashkari | Recession | U.S. Department of the Treasury | TARP | Time Person Of The Year
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