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On the Brink: Inside the Race to Stop the Collapse of the Global Financial System

By: Murphey, Dwight D. | The Journal of Social, Political, and Economic Studies, Fall 2010 | Article details

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On the Brink: Inside the Race to Stop the Collapse of the Global Financial System


Murphey, Dwight D., The Journal of Social, Political, and Economic Studies


On the Brink: Inside the Race to Stop the Collapse of the Global Financial System Henry M. Paulson, Jr. Business Plus, 2010

Henry Paulson was the U. S. Treasury Secretary for the final two and a half years of the George W. Bush administration, serving from July 10, 2006, until Barack Obama's inauguration as president on January 20, 2009. This makes Paulson one of the two figures most at the center of the government's response to the Great Credit Crisis of 2007-9. The other was Ben Bernanke, who on February 1, 2006, had replaced Alan Greenspan as the chairman of the Federal Reserve. When Paulson accepted appointment to his position, he had an express understanding with President …

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