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Entries tagged "Paulson "TARP watchdog says officials misled the publicThe watchdog overseeing the bank bailout criticized the Treasury and Federal Reserve in a new report for some misleading public statements the agencies made last fall about the health of the biggest banks. Roll Call: The Case Against a Super-RegulatorHere are some must reads to kick-off your Tuesday. Roll Call: Six impossible things before breakfastHere are some must-read stories to get your Monday started. A Colossal Failure: Laying blame for Lehman's fallFormer Lehman distressed debt trader Lawrence McDonald's book is more like two separate memoirs about his life before Lehman, and a second about the four years leading up to the bank's collapse. The correct thinking on Bank of America and lifeSome thoughts on Bank of America Corp. (NYSE:BAC) CEO Ken Lewis' forced no-disclosure matter concerning the Merrill Lynch purchase. Could IndyMac's purchase prompt more private equity investments in banks?Federal regulators could announce a sale of failed mortgage lender IndyMac Federal Bank as soon as Wednesday. If the deal does go through, it could mean that regulators are willing to ease up on some strict banking rules, allowing private equity firms to own big banks. Brewster's millions and Paulson's billionsIn the 1985 comedy "Brewster's Millions," the late great comedian Richard Pryor played a minor league baseball player who had 30 days to blow through $30 million with nothing to show for it at the end, a feat he just managed to pull off in the nick of time. But Pryor's Montgomery Brewster had nothing on Treasury Secretary Hank Paulson, who's planning on asking Congress for the remaining $350 billion in bailout money after spending the first $350 billion in three months. ... Roll Call: Dec. 17, 2008Time magazine announced its man of the year, and while Barack Obama took top billing, Treasury Secretary Hank Paulson was runner-up, notes Time's Curious Capitalist blogger Justin Fox, who contributed to the feature. The New York Times' editorial board has some questions for Paulson's upcoming replacement, Timothy Geithner. Earlier Wednesday, Dealscape noted that Attorney General Michael Mukasey had recused himself from the Bernard Madoff case because his son, Marc Madoff, a partner at law firm Bracewell & Giuliani LLP, was representing a party in the case. Now, the CityFile blog has learned that Mukasey has a second reason: His... Frank Rich and the case against GeithnerFrank Rich in Sunday's New York Times is on target with his argument that we've lost the ironic intent of David Halberstam's "best and the brightest" sobriquet. And he has a perfect right to question whether sterling credentials will solve our problems, particularly when faced with a crisis as complex and deeply rooted as ours. But what's Obama to do: search out a mediocrity or someone lacking any credentials, get excoriated in the media, all in the hope that a dark-horse nominee would turn out well? Indeed, that's the real thrust of Rich's column: that somehow everyone we think as... Rumble in D.C.: Geithner vs. Bair?A lot has been made in the press about President-elect Barack Obama's growing Cabinet of rivals, but often overlooked in that discussion is the battle already brewing between Timothy Geithner, nominee for treasury secretary, and current Federal Deposit Insurance Corp. Chairman Sheila Bair, who is expected to keep her job after the transition. ... Today's M&A columns: A bank scheme and carping at GeithnerThe two M&A reporters for the big dailies appear together again; we've been wondering what The Wall Street Journal's Dennis Berman has been up to. Perhaps he's been mulling over how to solve the credit crisis. In any event, Berman rolls out a plan Tuesday -- plan may be overstating it really -- for the government, having failed to convince the banks to lend, to abandon the effort and start afresh with brand new banks. Berman suggests putting $10 billion in taxpayer money, matched by private investment, and send it off, with its balance sheet pure, to lend to a... Could Citi's troubles make Paulson rethink TARP, again?As Citigroup Inc.'s shares continue their death spiral, talk of the banking behemoth's cloudy future weighs heavy on Wall Street's collective mind and provides CNBC's talking heads plenty of air time. But what of Treasury Secretary Hank Paulson and his crew? Although two months are left in the Bush administration before President-elect Barack Obama takes the reins in Washington, Paulson announced earlier in the week he will no longer disperse Troubled Asset Relief Plan funds -- in other words he's going on sabbatical until he has to brief his replacement on TARP. However, as the storm clouds around Citi continue... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Paulson ." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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