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Geithner for Economics Nobel Prize

Benjamin T. Solomon | Posted 08.12.2016 | Business
Benjamin T. Solomon

Timothy Geithner's bank stress test is worthy of the Noble Prize in Economics and is the most important financial innovation in two decades. Having spent decades abating and resolving financial crises around the world, he was able, willing and ready to abate and resolve our own Wall Street Crash of 2008.

Breaking The Banks

Benjamin T. Solomon | Posted 08.07.2016 | Business
Benjamin T. Solomon

The problem with our legal system is that there is too much legalese and not enough prosecution. Imagine, over the last seven years banks paid out in fines, $150 billion of shareholders cash. In my opinion, proving once and for all, that these banks did not suddenly become dishonest.

Zach Carter

House Democrats Break With Obama By Calling For Wall Street Tax | Zach Carter | Posted 01.13.2015 | Politics

WASHINGTON -- House Democrats on Monday unveiled a plan to cut taxes for middle-class families that would be paid for in part by a new tax on Wall Str...

Shahien Nasiripour

Federal Reserve Transcripts Show Fretting About Inflation As Economy Collapsed | Shahien Nasiripour | Posted 02.21.2014 | Politics

Top Federal Reserve officials were haunted by an imaginary inflation epidemic during eight months preceding the cataclysmic 2008 Lehman Brothers bankr...

Ryan Grim

Geithner Went Easy On The Private Equity Industry; Now He's Going To Work For It | Ryan Grim | Posted 11.18.2013 | Politics

Private equity giants fought hard while debating Wall Street reform to make sure new rules that applied to investment banks left them exempt -- and th...

A Change Of Scenery For Geithner

Reuters | Posted 01.23.2014 | Business

Nov 16 (Reuters) - Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus, the Wall Street Journal reported o...

Mark Gongloff

Oh, No... | Mark Gongloff | Posted 08.02.2013 | Business

So, this happened: Geithner said to advise President Obama on choice for next Fed Chairman— Bloomberg News (@BloombergNews) August 2, 2013 B...

Next Fed Chair?

Bloomberg View | Albert R. Hunt | Posted 07.31.2013 | Business

BLOOMBERG VIEW As the Janet Yellen-Larry Summers competition to be the next chairman of the Federal Reserve intensifies, President Barack Obama has...

Geithner Announces Next Move

The Huffington Post | Luke Johnson | Posted 02.06.2013 | Politics

Recently departed Treasury Secretary Timothy Geithner is joining the Council on Foreign Relations in New York City as a distinguished fellow, accordin...

Geithner: 'Not A Chance' He'll Be Next Fed Chief

Reuters | Posted 03.27.2013 | Business

WASHINGTON, Jan 25 (Reuters) - Timothy Geithner, who steps down as U.S. Treasury secretary on Friday, has ruled himself out of the running as a futu...

Geithner: Solving Housing Crisis 'Just Was Not Possible'

The Huffington Post | Bonnie Kavoussi | Posted 01.18.2013 | Business

His critics say that departing Treasury Secretary Timothy Geithner's legacy will be forever tainted by a failure to help stem the housing crisis. But ...

Luke Johnson

Geithner Makes New Debt Ceiling Prediction | Luke Johnson | Posted 01.15.2013 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner said Monday that the United States will exhaust its statutory borrowing authority between mid-Februa...

Sam Stein

White House Ratchets Up Pressure On GOP After Dismissing Platinum Coin Idea | Sam Stein | Posted 03.14.2013 | Politics

WASHINGTON -- In the wake of news that both the Treasury Department and the Federal Reserve rejected the minting of a trillion dollar coin as a soluti...

Zach Carter

Administration To Reject Magic Coin Trick To Avert Debt Ceiling | Zach Carter | Posted 01.12.2013 | Politics

WASHINGTON -- The U.S. Treasury Department will not mint a high-value platinum coin to avert the debt ceiling, according to an official statement from...

Geithner Reportedly Leaving Before Debt Deal

Bloomberg | Posted 01.03.2013 | Politics

Treasury Secretary Timothy F. Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Repub...

Standoff Reaching Looming Deadline With No Deal In Sight

Posted 12.27.2012 | Politics

By JIM KUHNHENN, THE ASSOCIATED PRESS WASHINGTON — Lawmakers are engaged in a playground game of "who goes first," daring each political party to...

Geithner Predicts GOP Will Cave On Taxes

Reuters | Posted 12.02.2012 | Business

By Aruna Viswanatha WASHINGTON, Dec 2 (Reuters) - U.S. Treasury Secretary Timothy Geithner pressed Republicans to offer a plan to increase revenues...

Tim Geithner's Secret Weapon

The Huffington Post | Bonnie Kavoussi | Posted 11.27.2012 | Business

Tim Geithner has a secret weapon, one that could help the country avoid a recession caused by the fiscal cliff. The Treasury Secretary could freeze...

Geithner Must Go

Charlie Cray | Posted 01.26.2013 | Business
Charlie Cray

An early litmus test of Barack Obama's willingness to push policies to help the middle class in his second term will be whether or not he gives Treasury Secretary Geithner the sack.

Tim Geithner Asked To Save America

The Huffington Post | Mark Gongloff | Posted 11.26.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Zach Carter

Wall Street Analyst: Obama Will Fire DeMarco In December | Zach Carter | Posted 11.02.2012 | Politics

Bank of America analyst Ralph Axel said Friday that he expects President Barack Obama to fire acting Federal Housing Finance Agency Director Ed DeMarc...

Tim Geithner Knows Libor Is Useless, Fine With That

Mark Gongloff | Posted 12.25.2012 | Business
Mark Gongloff

It's a good thing we have all decided not to care about the Libor scandal, or Tim Geithner might be looking kind of silly right now.

Banker: I Warned Of Libor Fraud In 1996

Mark Gongloff | Posted 11.04.2012 | Business
Mark Gongloff

We just keep learning new ways that everybody on earth, aside from Tim Geithner, knew of the risk of Libor manipulation years and years ago.

Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount

Mark Gongloff | Posted 09.24.2012 | Business
Mark Gongloff

The government knowingly used an artificially low interest rate when setting bailout terms for big banks and insurance giant AIG, costing taxpayers millions, maybe billions.

Luke Johnson

Protesters March To Geithner's House | Luke Johnson | Posted 05.21.2012 | Politics

WASHINGTON -- Protesters marched on Sunday to Treasury Secretary Timothy Geithner's home Sunday in Bethesda, Md., but got no response when they knocke...