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Henry Paulson
74th United States Secretary of the Treasury
Government Official
Overview
Henry Paulson served as Treasury Secretary from 2006 to 2009, managing the US government's response to the 2008 financial crisis. He orchestrated the Troubled Asset Relief Program (TARP), a $700 billion bank bailout. Prior to his government role, he served as CEO of Goldman Sachs, raising questions about conflicts of interest in his crisis management decisions, particularly the bailout of AIG which paid Goldman Sachs $12.9 billion.
Key Affiliations
Controversies & Concerns
Orchestrated $700 billion TARP bailout that primarily benefited large financial institutions
Former Goldman Sachs CEO, Goldman received $12.9 billion through AIG bailout
Allowed Lehman Brothers to fail while saving other institutions
Critics argue bailout socialized losses while privatizing gains
Related Investigations (1)
Known Associates & Connections
Tim Geithner
Fed chair during Paulson's Treasury term; both managed 2008 crisis
Robert Rubin
Fellow Goldman-to-Treasury Secretary
Lloyd Blankfein
Goldman CEO during Paulson's bank bailout
Sources & Documentation
1 documented sources from official records, investigations, and reports
Personal Information
Education
Key Timeline
1999
Became CEO of Goldman Sachs
2006
Appointed Treasury Secretary under President George W. Bush
2008
Managed government response to financial crisis, orchestrated TARP bailout
2008
Allowed Lehman Brothers to collapse, triggering global panic
2009
Left Treasury after Obama inauguration