{"id":8755,"date":"2008-09-29T16:47:23","date_gmt":"2008-09-29T16:47:23","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/the_treasury_chief_will_gain_sweeping_even_unparalleled_power\/"},"modified":"2008-09-29T16:47:23","modified_gmt":"2008-09-29T16:47:23","slug":"the_treasury_chief_will_gain_sweeping_even_unparalleled_power","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=8755","title":{"rendered":"The Treasury chief will gain sweeping, even unparalleled power"},"content":{"rendered":"<p>Despite all the constraints Congress supposedly wrapped around him, Treasury Secretary Henry M. Paulson is about to become the most powerful mortgage financier of the modern era &#8212; most likely of any era.<\/p>\n<p>Buried beneath the 100-plus pages of detail that Paulson&#8217;s financial rescue plan has picked up during its 10-day journey from a Bush administration wish list to a bipartisan congressional compromise is the striking fact that the Treasury secretary got almost everything he sought &#8212; an eventual $700 billion and the authority to spend it largely as he sees fit.<\/p>\n<p><a href=\"http:\/\/www.latimes.com\/business\/la-fi-assess29-2008sep29,0,7459524.story\">Read it all<\/a>.<\/p>\n<p><b>Update<\/b>: <a href=\"http:\/\/www.nytimes.com\/2008\/09\/29\/business\/29bill.html?ref=business\">An article from the New York Times on the same theme is here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite all the constraints Congress supposedly wrapped around him, Treasury Secretary Henry M. Paulson is about to become the most powerful mortgage financier of the modern era &#8212; most likely of any era. Buried beneath the 100-plus pages of detail<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=8755\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,594],"tags":[],"class_list":["post-8755","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8755"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8755\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}