History 1807 Lecture Notes - Lecture 2: Chester A. Arthur, Troubled Asset Relief Program, Henry Paulson
4 Nov 2015
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Document Summary
The financial crisis: the meltdown (people) impression that this crisis came out of the blue: george w. bush (republican, president of usa, 2001-2009, one of the most unpopular presidents (because of a failure; on par with. Richard nixon; on par with chester arthur: was not a very successful; a waste in terms of his family and his accomplishments; not very intellectual, george h. w. American economy; federal chair for 19 years; all the presidents reappointed him: greenspan is replaced by hank paulson; christian scientist; goldman. The crisis hits as the vey unpopular and largely discredited president, george w. bush, is preparing to leave office: henry (hank) paulson: the ceo of goldman sachs, is named the 74th secretary of the. Treasury in july, 2006; becomes the face of the governments response to the crisis. Bear stearns, a prominent investment back, collapses in march, 2008 is bought by jp morgan at fire-sale price, a move that is coordinated by henry paulson.
