Henry Paulson


DEFINITION of 'Henry Paulson'

The 74th Secretary of the U.S. Treasury under President George W. Bush from July 2006 through January 2009. Henry “Hank” Paulson, Jr. began his career on the White House Domestic Council as a staff assistant from 1970 to 1973. He then worked in finance for 32 years at Goldman Sachs before succeeding John Snow as Treasury Secretary.

BREAKING DOWN 'Henry Paulson'

Paulson became Goldman’s chairman and CEO in 1999 when the firm went public and held those roles until he became Treasury Secretary. As Treasury Secretary, he is best known for his efforts to resolve the financial crisis, including contributions to Dodd-Frank. He was instrumental in implementing the Troubled Asset Relief Program and the AIG bailout, as well as getting toxic mortgage-based assets off banks’ balance sheets. He also helped create the $168 billion economic stimulus package. In 2008, he was a runner-up for Time's Person Of The Year.

Paulson helped improve U.S. economic relations with China during his tenure. In addition, he worked to modernize the system for issuing U.S. Treasury bonds, helped  improve the national security review process in order to spur foreign investment in the United States, and spearheaded a program to fight the funding of terrorist groups. He also worked to improve the United States’ trading relationships with Panama, Colombia, South Korea and Peru.

After leaving the Treasury Department, he became chairman and founder in 2011 of The Paulson Institute at the University of Chicago, a think tank focused on sustainable economic growth and preserving the natural environment in the United States and China. He is a Christian Scientist and an environmentalist; he has played a major role in the Nature Conservancy, where he was chairman from 2004 to 2006 and contributed to environmental conservation efforts in Asia. He earned his undergraduate degree from Dartmouth and his MBA from Harvard Business School.

  1. Federal Reserve Bank

    The central bank of the United States and the most powerful financial ...
  2. Tim Geithner

    The 75th United States Secretary of the Treasury. Geithner was ...
  3. Treasury Secretary

    The Secretary of the Treasury is a member of the Presidential ...
  4. Credit Crisis

    A crisis that occurs when several financial institutions issue ...
  5. Ben Bernanke

    The chairman of the board of governors of the U.S. Federal Reserve. ...
  6. Federal Reserve Board - FRB

    The governing body of the Federal Reserve System. The seven members ...
Related Articles
  1. Bonds & Fixed Income

    The Treasury And The Federal Reserve

    Find out how these two agencies create policies to stimulate the economy in tough economic times.
  2. Economics

    Ben Bernanke: Background And Philosophy

    Get some insight into the man at the forefront of key U.S economic decisions.
  3. Bonds & Fixed Income

    Breaking Down The Fed Model

    Learn what pundits mean when they say that stocks are undervalued according to the Fed model.
  4. Personal Finance

    How The Federal Reserve Manages Money Supply

    Find out how the Fed manages bank reserves and this contributes to a stable economy.
  5. Personal Finance

    How The Federal Reserve Was Formed

    Find out how this institution has stabilized the U.S. economy during economic downturn.
  6. Professionals

    A Day in the Life of a Hedge Fund Manager

    Learn what a typical early morning to late evening workday for a hedge fund manager consists of and looks like from beginning to end.
  7. Financial Advisors

    Are Alternatives Right for Your Portfolio?

    Alternative investments are increasingly making their way into retail investors' portfolios. Are they a good fit?
  8. Options & Futures

    Terrorism's Effects on Wall Street

    Terrorist activity tends to have a negative impact on the markets, but just how much? Find out how to take cover.
  9. Investing News

    Defensive Investing: Learn from a Hedge Fund Pro

    Looking for ideas on companies, sectors or investments to short? Consider the opinion of this hedge fund luminary.
  10. Professionals

    Common Interview Questions for Project Managers

    Discover the basic skills needed for a position as a project manager along with common interview questions used in applying for such a position.
  1. How do open market operations affect the U.S. money supply?

    Formulating a country's monetary policy is extremely important when it comes to promoting sustainable economic growth. More ... Read Full Answer >>
  2. Can hedge funds trade penny stocks?

    Hedge funds can trade penny stocks. In fact, hedge funds can trade in just about any type of security, including medium- ... Read Full Answer >>
  3. Are hedge funds regulated by FINRA?

    Alternative investment vehicles such as hedge funds offer investors a wider range of possibilities due to certain exceptions ... Read Full Answer >>
  4. Should mutual funds be subject to more regulation?

    Mutual funds, when compared to other types of pooled investments such as hedge funds, have very strict regulations. In fact, ... Read Full Answer >>
  5. Can hedge fund returns be replicated?

    You can replicate hedge fund returns to a degree but not perfectly. Most replication strategies underperform hedge funds ... Read Full Answer >>
  6. Can foreign investors invest in US hedge funds?

    U.S. hedge funds are open to accredited investors. When they distribute profits to investors, those proceeds are taxed at ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Barefoot Pilgrim

    A slang term for an unsophisticated investor who loses all of his or her wealth by trading equities in the stock market. ...
  2. Quick Ratio

    The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet ...
  3. Black Tuesday

    October 29, 1929, when the DJIA fell 12% - one of the largest one-day drops in stock market history. More than 16 million ...
  4. Black Monday

    October 19, 1987, when the Dow Jones Industrial Average (DJIA) lost almost 22% in a single day. That event marked the beginning ...
  5. Monetary Policy

    Monetary policy is the actions of a central bank, currency board or other regulatory committee that determine the size and ...
  6. Indemnity

    Indemnity is compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability ...
Trading Center