“Hank Paulson” on The Daily Caller

Sen. Pat Toomey introduced a bill Tuesday aimed at laying out a path for the federal government to avoid default on its obligations if the debt limit is not raised in the coming months. (more)

Libertarian Ron Paul’s “Audit the Fed” movement has gained the support of socialist Sen. Bernie Sanders (I-Vt.) and conservative Sen. Jim DeMint (R-S.C.). At the same time, anarchists in Greece riot against fiscal austerity measures, while organs of the strongest government on the planet—namely, the U.S. Justice Department and SEC—accuse Goldman Sachs of skullduggery. (more)

I was greeted by yet another headline in Friday’s Washington Post that points to another bailout for homeowners: “Obama administration announces effort to slash mortgages for unemployed borrowers.” (more)

Vice President Joe Biden’s recent comments taking credit for success in Iraq is just the most recent example of the Obama White House apparently claiming responsibility for a policy that originated during the Bush administration. (more)

Since the bailout of Wall Street, the populist drum in Washington has been beating faster and louder. The outrage over executive pay is nothing new on Main Street. When taxpayer dollars used to save the skins of executives who put their companies in peril are now getting bonuses- the fury of Main Street can be understandable. In this “new normal” where many Wall Street legends like Peter Cohen are expecting a reshaping of the financial industry based on returning to an environment of a more client-oriented business, the Obama administration has set out an aggressive plan for Congress to reshape the financial system as we know it. But are they tackling the true root causes of the financial meltdown or are they pandering to populism? (more)

Banker compensation is out of tune with the public sentiment towards banks and their role in the financial crisis, former US Treasury Secretary Henry Paulson told CNBC in an interview. (more)

When Treasury Secretary Timothy Geithner testifies on Wednesday before the House Oversight Committee, along with former Treasury Secretary Hank Paulson, he will face questions from both Democrats and Republicans about his relationship to Wall Street. (more)