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Lawmaker Squashes Treasury Plan To Hire Stress-Reducing Humorists

The Hill | Posted 05.25.2011 | Politics

The chairman of the Senate Democratic Policy Committee quashed an effort by the Treasury Department to hire a cartoonist after the link to the job ad ...

Ryan Grim

House Dems Take On Geithner Over Bailout Funds | Ryan Grim | Posted 05.25.2011 | Business

Congress is getting tired of asking nicely. Twenty House and Senate Democrats sent a letter to Treasury Secretary Timothy Geithner in May asking if he...

Pelosi Tells Geithner: Pecora Commission Planned For Next Week

The Page | Mark Halperin | Posted 05.25.2011 | Business

The Page has some details on Speaker Nancy Pelosi's plans to form an investigative panel on the financial crisis in the style of the Pecora Commission...

Obama's Economic Misfits Finally Get It

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

According to Summers and Geithner, the Obama plan to be revealed today promises that all derivatives dealers will be "subject to supervision, and regulators will be empowered to enforce rules against manipulation and abuse."

Julie Satow

The FDIC To Start Dumping Toxic Assets, Banks Could Feel The Pain | Julie Satow | Posted 05.25.2011 | Business

Contrary to popular belief, the Public-Private Investment Program, a centerpiece of the government's strategy to rescue the nation's banks, is not dea...

A Republican to Save Us

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

You probably don't know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.

Tim Geithner Can't Sell His Own Home

Yahoo! Finance | Jennifer Peltz, Associated Press Writer | Posted 05.25.2011 | Business

The real estate market's troubles are hitting close to home for Treasury Secretary Timothy Geithner. After reducing the price on his house in a ton...

Geithner Tells China: Your Dollar Assets Are Safe

Reuters | Glenn Somerville | Posted 05.25.2011 | Home

BEIJING (Reuters) U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe...

Policymakers Taking Fresh Look At National Sales Tax

The Washington Post | Lori Montgomery | Posted 05.25.2011 | Politics

With budget deficits soaring and President Obama pushing a trillion-dollar-plus expansion of health coverage, some Washington policymakers are taking ...

Geithner On GOP Socialism Charge: 'Ridiculous'

Washington Post | Posted 05.25.2011 | Politics

Treasury Secretary Timothy Geithner admits private investors are worried about investing in new government-backed commercial mortgage securities and d...

Fear and Looting in America: Geithner Caves to Wall Street

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

We need a President's Wage Cap because the Obama administration does not want to put the screws to Wall Street's lavish compensation packages.

Taxpayers May Lose Out in TARP Paybacks

New York Times | Posted 05.25.2011 | Business

Americans were promised a reward for rescuing the nation's banks. In return for all those bailouts, the banks essentially granted stock options to the...

Geithner Charlie Rose Interview: There Were Intense Negotiations With Banks Over Stress Test Results

Huffington Post | Posted 05.25.2011 | Business

Scroll down for video excerpt and full transcript In an interview on Wednesday night with Charlie Rose, Treasury Secretary Tim Geithner struck an opt...

Open Letter to Secretary of the Treasury Timothy F. Geithner

Michael de Portu | Posted 05.25.2011 | Business
Michael de Portu

Instead of soliciting Wall Street's views to inform your decisions, you might constitute your team of number crunchers, researchers and analysts to find out all the facts.

This Week in Cheating

Jeff Kreisler | Posted 05.25.2011 | Comedy
Jeff Kreisler

Build a $1.5-ish billion taxpayer-funded stadium, charge those same taxpayers $2600 to see a game, don't create the promised park for local kids (because they're poor). Now look around. Guess what? You're rich!

Grand Theft Automaker

Stuart Whatley | Posted 05.25.2011 | Business
Stuart Whatley

Nobody expects the administration to right the world economy in a day, but what it can do is make sure each who is owed gets his fair share of the pie.

Thievery Under the TARP

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

A new scathing report by the Treasury Department's special inspector general claims that the aptly named Troubled Asset Relief Fund bailout program is rife with mismanagement and potential for fraud.

U.S. May Convert Bailouts To Common Stock: Back Door To Nationalization?

New York Times | EDMUND L. ANDREWS | Posted 05.25.2011 | Business

WASHINGTON -- President Obama's top economic advisers have determined that they can shore up the nation's banking system without having to ask Congres...

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.

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.

Elizabeth Warren: Finally Someone With a Clue How to Handle the Financial Crisis

Ian Welsh | Posted 05.25.2011 | Business
Ian Welsh

Elizabeth Warren's the chief watchdog for the 700 billion TARP fund. Unfortunately, she has no real power.

I'm Sure There's a Difference Between the Bush/Paulson, Obama/Geithner Approaches to Bailouts

Ian Welsh | Posted 05.25.2011 | Business
Ian Welsh

I don't know whether to spit or cry. I've always had my doubts about Obama, but in my worst dreams I didn't think he'd try and end run Congress even more blatantly than Bush.

Geithner Missed Warning Signs As Crisis Loomed

ProPublica/Washington Post | by Jeff Gerth, ProPublica and Robert O'Harrow Jr., Washington Post | Posted 05.25.2011 | Business

In September 2005, Timothy Geithner made one of his most visible moves as a supervisor of the U.S. banking system. He summoned the nation's top financ...

Will 'Trickle Down' Banking Work Better than 'Trickle Down' Economics: Thoughts from a Non-Wall Street CEO

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

Instead of providing government money and guarantees to hedge funds that will supposedly price toxic assets, put the money to good use on main street through regional banks.

Rachel Weiner

Geithner-Krugman Feud Comes To A Head On Sunday Shows (VIDEO) | Rachel Weiner | Posted 05.25.2011 | Politics

The high-profile policy duel between Tim Geithner and Paul Krugman came to a head on Sunday. Following the Treasury Secretary's appearance on ABC's "T...