Wednesday, April 7, 2010 as of 11:14 AM ET
Henry Merritt "Hank" Paulson, Jr. (born March 28, 1946) is an American banker who served as the 74th United States Secretary of the Treasury.
Read More at Wikipedia ›
As jitters about Greece leaving the eurozone reach a boiling point, one of the key lessons of the Lehman Brothers collapse should loom large over the heads of policymakers: the interconnectedness of the financial system can create unforeseen consequences that quickly ripple around the world.
The chances of a Greek exit appear to have hit a new high this week as leaders in Europe are reportedly planning contingencies ahead of a key vote in Greece next month and as financial markets set off alarm bells once again.While there are clear differences between this scenario and the one experienced in 2008 with Lehman, there are also eerie similarities that bear watching."With Lehman, I don't think people appreciated the interconnections. I see the same argument with Greece," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.During the Lehman crisis, U.S. policymakers displayed "hubris" about the fallout of a failure, essentially saying, "Sorry, we can't save Lehman...MF Global unloaded hundreds of millions of dollars' worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global em...
Dow Jones columnist Al Lewis, Newedge Senior Director Larry McDonald and Cameron Hanover President Peter Beutel on the outlook for commodities.
Fortune Magazine’s Nina Easton on the investigation surrounding MF Global and former New Jersey Governor John Corzine.
Sen. John Kerry, (D-Mass.), argues the Republicans push for the Bush tax-cut extension led to the failure of the Supercommittee
Donald Trump sounds off on the president’s decision to have a fund raiser the same day same day as the Rockefeller Center Christmas Tree lighting.
Europe's impact on the U.S. market
Madison Street Partners Portfolio Strategist Marshall Auerback gives his outlook for the global markets.
FBN’s Gerri Willis on what lead to the collapse of MF Global.
FBN's Charlie Gasparino says Goldman Sachs executives saw Jon Corzine's demise based on past experience.
FBN's Charlie Gasparino on the collapse of MF Global.
Fortune Magazine’s Nina Easton on whether the president has stayed true to the economic agenda he laid out during the 2008 presidential election.
It would be easier to deal with the euro zone debt crisis if more firepower was available, European Central Bank Executive Board member Lorenzo Bini Smaghi said, cal...
Newedge Senior Director Larry McDonald on why the European debt crisis is allowing truth to slowly seep into the markets.
As one of the most powerful men on Wall Street , surely Lloyd Blankfein can’t be brought down by a single op-ed from a mid-level employee, right?Not so fast. As Gold...
FBN’s Charlie Gasparino on whether the NY Times op-ed will impact Goldman Sachs CEO Lloyd Blankfein’s future at the bank.
FBN's Charlie Gasparino on the NYTimes op-ed by former Goldman Sachs employee.
Rep. Spencer Bachus, who as chairman of the House Financial Services Committee is one of the most powerful lawmakers on Capitol Hill, is the subject of an insider-tr...
FBN’s Charlie Gasparino on his blockbuster interview with JPMorgan Chase CEO Jamie Dimon
JPMorgan Chase CEO Jamie Dimon on ending the idea of “too big to fail” and why former Treasury Secretary Hank Paulson was right to ask the bank to take TARP money.
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
