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Henry Paulson served as the 74th United States Secretary of the Treasury for three years, from 2006 to 2009. He was appointed by President George W. Bush and was succeeded by Timothy Geithner. Paulson was a key figure in the U.S. government's response to the 2007–08 financial crisis. He oversaw the Troubled Asset Relief Program (TARP), which provided $700 billion in government bailouts to banks and other financial institutions.