So here we go again. To uncover the real culprits of the current euro crisis we first have to follow a common thread of this crisis -- government borrowers who need capital hire bankers. Those bankers, in an effort to help countries, like Greece, raise capital at the lowest cost,...
Posted March 23, 2010 | 12:47:10 (EST)
It doesn't take a rocket scientist -- and certainly not an accountant -- to deduce one thing from the Lehman scandal. The misleading of regulators, investors and the public did not happen in isolation. Like Enron, WorldCom, Tyco, Wachovia, Washington Mutual, Fannie/Freddie, CDOs, Bear, AIG, bond insurers, GM, Chrysler, CIT,...
Posted February 3, 2010 | 11:44:55 (EST)
In Geithner's AIG testimony before the House Oversight Committee, the Secretary again tried to sell the notion that 'if we didn't act then, millions more would have lost their jobs and thousands of factories would have closed.' Even if this were true, why did they have to pay...
Posted October 29, 2009 | 12:10:57 (EST)
Posted April 23, 2009 | 22:44:32 (EST)
Timothy F. Geithner, the United States Treasury secretary, recently proposed a public-private partnership to rid the nation's banks of troubled assets, or what the government delicately calls "legacy securities."
The Treasury's proposal is designed to get banks lending again and that is a worthy goal. But important aspects of...

Posted April 9, 2010 | 12:18:59 (EST)