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that helped finance things that other banks wouldn't do. And what's happening over time is that it's metastasized to be a cheap form of financing to General Electric and to Boeing and to other large corporations. You get this financing from other places if they wanted to, but they're putting this onto the middle-c
Page: HOUSE_OVERSIGHT_029031 →ged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury. As chairman of Goldman Sachs, he had gone to Washington years before and asked for those changes. That made the banks
Page: HOUSE_OVERSIGHT_029032 →that helped finance things that other banks wouldn't do. And what's happening over time is that it's metastasized to be a cheap form of financing to General Electric and to Boeing and to other large corporations. You get this financing from other places if they wanted to, but they're putting this onto the middle-c
Page: HOUSE_OVERSIGHT_029052 →ged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury. As chairman of Goldman Sachs, he had gone to Washington years before and asked for those changes. That made the banks
Page: HOUSE_OVERSIGHT_029053 →that helped finance things that other banks wouldn't do. And what's happening over time is that it's metastasized to be a cheap form of financing to General Electric and to Boeing and to other large corporations. You get this financing from other places if they wanted to, but they're putting this onto the middle-c
Page: HOUSE_OVERSIGHT_029073 →ged 8:1. When we had the financial crisis in 2008, the investment banks were leveraged 35:1. Those rules had specifically been changed by a guy named Hank Paulson. He was secretary of Treasury. As chairman of Goldman Sachs, he had gone to Washington years before and asked for those changes. That made the banks
Page: HOUSE_OVERSIGHT_029074 →Entities connected to both General Electric and Hank Paulson

Prince Charles
PERSON
United States
LOCATION
Jeffrey Epstein
PERSON
George W. Bush
PERSON
Donald Trump
PERSON
Michael Douglas
PERSON
Marc Rich
PERSON
United Kingdom
LOCATION
Barack Obama
PERSON
Julie K. Brown
PERSON
Bill Clinton
PERSONLeon Black
PERSON
Middle East
LOCATION
Stephen Hawking
PERSON
Western Europe
LOCATION
Prince Andrew
PERSON
Steve Bannon
PERSON
Slovakia
LOCATIONCourtney Wild
PERSON
Harvard Business School
ORGANIZATION