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Geithner Plan

Unconstitutional Debt Ceiling: Grandma Bondholder's Emergency Lawsuit If Obama Does Not Invoke 14th Amendment

Victor Williams | Posted 07.29.2011 | Politics
Victor Williams

The existence of a debt ceiling questions the validity of our Republic's debts; it presupposes that Congress will continue to overdraft. A debt ceiling is unconstitutional and its effect a legal nullity.

A Proposal on How to Clean Up the Banks

Jeffrey Sachs | Posted 05.25.2011 | Business
Jeffrey Sachs

The taxpayers should take over the bad assets in return for bank equity, but with a twist: the amount of equity transferred to the taxpayers would not be determined immediately.

Only the News That's Fit to Print

Erica Payne | Posted 05.25.2011 | Media
Erica Payne

The New York Times did the country (and itself) a disservice Sunday when it printed all 5,000 words of Devin Leonard's piece on William Gross.

Whistling Past the Economic Graveyard: The Audacity of Misplaced Hope

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

The latest stock market bubble has undermined the urgent push for reform, which seems to have given way in Washington to a push to move on to other things and leave that little financial kerfuffle behind us. It puts a whole other spin on the audacity of hope. READ MORE Mission Shrink: We've Gone From Saving Wall Street in Order to Save Main Street to Just Saving Wall Street The problem continues to be the administration's habit of conflating the health of the Wall Street economy with the health of the real economy -- when, in fact, the two economies have become decoupled. READ MORE WATCH: Arianna Discusses Events in Iran, Obama's Agenda on Larry King Live WATCH: Arianna Discusses America's Response to Iran on The Situation Room

Obama Really Wall Street CEO In Chief?

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

So far, I've laid the Obama administration's decision to keep propping up failed banks at Tim Geithner's feet. Obama, meanwhile, has so far avoided blame. I wonder how long that will last.

Sam Stein

Geithner Bank Plan Faces New Wave Of Criticism | Sam Stein | Posted 05.25.2011 | Politics

Two weeks after being introduced, Timothy Geithner's bank rescue plan is facing a new round of withering criticism from economists who say the proposa...

Ryan Grim

Treasury Extends Deadline For Geithner Plan Participation | Ryan Grim | Posted 05.25.2011 | Politics

The Treasury Department announced Monday that it's extending the deadline for investment firms to apply to participate in the Geithner Plan -- the Pub...

The Geithner-Summers Plan is Even Worse Than We Thought

Jeffrey Sachs | Posted 05.25.2011 | Business
Jeffrey Sachs

Geithner and Summers tell us that their plan is the only option, but without a word of further explanation as to why. Let them explain to America why the other proposals are not being pursued.

The Obama Economic Team's Flawed Cosmology: Still Believing the Universe Revolves Around the Banks

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Discussing the financial crisis with Obama's economic team is like beaming back to the 2nd century and discussing astronomy with Ptolemy. Just as Ptolemy was convinced we live in a geocentric universe, Obama's senior economic team is convinced we live in a bank-centric universe. It's an obsolete cosmology. READ MORE The Debate Over Online News: It's the Consumer, Stupid For me, the key question is whether those of us working in the media embrace and adapt to the radical changes brought about by the Internet or pretend that we can somehow hop into a journalistic Way Back Machine and return to a past that no longer exists. READ MORE Watch: Arianna Debates New Media with AP CEO Tom Curley on Charlie Rose Watch: Arianna Joins David Frum, George Will, Richard Haas, Martha Raddatz on This Week with George Stephanopoulos

Obama's Banking Rescue: O for Opaque

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

I fear that these columns have been too polite. What we have is something perilously close to a dictatorship of the Fed and the Treasury, acting in the interests of Wall Street.

The Two Faces of Tim Geithner

Benjamin R. Barber | Posted 05.25.2011 | Business
Benjamin R. Barber

Like the president he serves, Geithner is a pragmatist, a progressive and a Democrat, and seems willing, if market strategies fail (as they will), to abandon them in favor of whatever works.

Why Individual Investors Can't Get Geithner's Sweatheart Deal

Slate Magazine | Daniel Gross | Posted 05.25.2011 | Business

Tim Geithner's plan to remove toxic assets from the books of crippled financial institutions is receiving mixed reviews. Nobel Prize-winning economist...

Nouriel Roubini Backs Geithner Plan: NY Daily News

New York Daily News | Matthew Richardson and Nouriel Roubini | Posted 05.25.2011 | Business

For the economy to be viable, the financial system must be healthy. For this to occur, the system needs to be cleansed of its poorly performing loans ...

One Small Problem With Geithner's Plan: It Will Bankrupt The Banks

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

The big problem with Tim Geithner's plan to fix the banks is the same as it ever was: The gap between what banks say their assets are worth and what the market says they are worth.

Three Scenarios for the Geithner Plan

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

The very premise behind Geithner's plan is flawed. We insist on saving the banks, and refuse to admit most of them are impaired beyond hope.

Reel in the Credit-Rating Agencies

Eric C. Anderson | Posted 05.25.2011 | Business
Eric C. Anderson

Geithner and the SEC must take direct aim at the root cause of our ailments. That means fixing the credit-rating agency problem now.

"Gotcha" Grandstanding: You're A Bunch Of Rude Dudes

Betsy Perry | Posted 05.25.2011 | Politics
Betsy Perry

While I'm all for coming clean and getting the dirt on AIG and Goldman Sachs, the behavior of the committee members is all about listening to themselves talk, grandstanding and "gotcha" moments.

Stop Bashing the Obama Economic Plan

Jacob Heilbrunn | Posted 05.25.2011 | Politics
Jacob Heilbrunn

It remains astonishing that a variety of pundits and lawmakers continue to underestimate Obama. Will Obama rescue the economy? Yes, he can. But not if the Democrats try to stop him first.

Summers To Bloomberg TV: Investors In Geithner Plan Exempt From Compensation Limits

Bloomberg | Chris Antsey | Posted 05.25.2011 | Business

White House National Economic Council Director Lawrence Summers said that investors in the Public-Private Investment Program won't be subject to the c...

Geithner's Five Big Misconceptions

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

Geithner views the crisis the same way Wall Street does -- as a temporary liquidity problem -- and his plans to fix it are designed with the best interests of Wall Street in mind.

Geithner Wall Street Journal Piece: My Plan for Bad Bank Assets

Wall Street Journal | TIMOTHY GEITHNER | Posted 05.25.2011 | Business

The American economy and much of the world now face extraordinary challenges, and confronting these challenges will continue to require extraordinary ...

The Geithner Plan: What Is It?

Brad DeLong | Posted 05.25.2011 | Politics

Q: What is the Geithner Plan? A: The Geithner Plan is a trillion-dollar operation by which the U.S. acts as the world's largest hedge fund investor, ...

Dear Mr President: Please Read Your Blogs -- (It's Not Like Eating Your Spinach)

Miles Mogulescu | Posted 05.25.2011 | Politics
Miles Mogulescu

It would be a bit disturbing if a president who has said he wants to hear the widest range of opinions on important issues would want to dismiss those who write blog posts.

Geithner: Nationalization Is "The Wrong Strategy," "Deeply Offended" By Banks

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner spoke with PBS' Jim Lehrer on Wednesday evening about the Obama administration's economic plans. Among the highli...

Geithner's Private Investment Fund Details Revealed

Financial Times | Krishna Guha | Posted 05.25.2011 | Business

One reason the US authorities are reluctant to pull the plug on any big banks is that they hope their toxic asset purchase plan could show that losses...