In an interview with an auditor examining the controversial program, Paulson, now RCMP commissioner, expressed concerns about excessive state secrecy in certificate proceedings.
Showing posts with label Henry Paulson. Show all posts
Showing posts with label Henry Paulson. Show all posts
Monday, June 03, 2013
Future top Mountie Paulson declared security certificate process 'off the rails'
In an interview with an auditor examining the controversial program, Paulson, now RCMP commissioner, expressed concerns about excessive state secrecy in certificate proceedings.
Monday, April 29, 2013
RCMP Accountability Act gets sober second thought from Senate National Security Committee
Within hours of the announcement that the RCMP had arrested two individuals for allegedly plotting to bomb a Via Rail train between Toronto and New York City, Mr. Toews (Provencher, Man.) and Commissioner Paulson were before the Senate National Security and Defence Committee to defend Bill C-42, The Enhancing RCMP Accountability Act.
Tuesday, November 29, 2011
How Paulson Gave Hedge Funds Advance Word
Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co. (JPM)
Now, amid tumbling home prices and near-record foreclosures, attention was focused on a new source of contagion: Fannie Mae (FNMA) and Freddie Mac, which together had more than $5 trillion in mortgage-backed securities and other debt outstanding, Bloomberg Markets reports in its January issue.
Paulson had been pushing a plan in Congress to open lines of credit to the two struggling firms and to grant authority for the Treasury Department to buy equity in them. Yet he had told reporters on July 13 that the firms must remain shareholder owned and had testified at a Senate hearing two days later that giving the government new power to intervene made actual intervention improbable.
“If you have a bazooka, and people know you have it, you’re not likely to take it out,” he said.
Now, amid tumbling home prices and near-record foreclosures, attention was focused on a new source of contagion: Fannie Mae (FNMA) and Freddie Mac, which together had more than $5 trillion in mortgage-backed securities and other debt outstanding, Bloomberg Markets reports in its January issue.
Paulson had been pushing a plan in Congress to open lines of credit to the two struggling firms and to grant authority for the Treasury Department to buy equity in them. Yet he had told reporters on July 13 that the firms must remain shareholder owned and had testified at a Senate hearing two days later that giving the government new power to intervene made actual intervention improbable.
“If you have a bazooka, and people know you have it, you’re not likely to take it out,” he said.
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