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Tim Geithner

Geithner To Host G-7, G-20 Meetings

Reuters | Posted 05.25.2011 | World

U.S. efforts to stimulate the economy with infrastructure projects are "ahead of schedule and under budget," President Barack Obama said on Monday, as...

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.

How the Toxic Asset Plan Will Magically Make Your Money Disappear

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

The toxic asset plan will pick your pocket to pay off some of the richest people in America. If you think that makes sense, then you deserve to have your pocket picked.

US Wants Taxpayers To Invest In Bank Bailouts They're Already Financing

New York Times | GRAHAM BOWLEY and MICHAEL J. de la MERCED | Posted 05.25.2011 | Politics

During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to th...

Summers/Geithner Plan: Bank Heist One More Time

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

This plan is more of the same: highly leveraged risk-taking shenanigans facilitated by a naive government and tax dollars.

When the Next Banking Scandal Hits...

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

The way Tim Geithner has structured the banking plan, the Obama administration will, sooner or later, almost certainly be facing another AIG bonuses-type of outrage.

Jason Linkins

Clinton Media Coach Guiding Geithner | Jason Linkins | Posted 05.25.2011 | Politics

It seems like only yesterday that Treasury Secretary Timothy Geithner was earning universal derision for that time he appeared in public after being h...

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.

William K. Black on Geithner: "The Guy Has a Track Record of Failure Everywhere He's Gone"

Cenk Uygur | Posted 05.25.2011 | Politics
Cenk Uygur

This is beginning to feel a little like before the Iraq War when some warned of impending disaster and the administration and mainstream media blew them off.

Will Geithner Fire Corporate America?

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Geithner's new tough line is mostly designed to reassure a public that's lost all faith in the wisdom of bailing out Wall Street.

A Trillion Dollars for the Banks: How About a Second Opinion?

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

Given how much money Tim Geithner wants to spend -- putting it in the hands of the folks that brought on this economic crisis -- it would seem appropriate to first examine all the alternatives.

Treasury Revisits Rules For Toxic-Asset Sales

Wall Street Journal | MAYA JACKSON RANDALL | Posted 05.25.2011 | Business

The Treasury Department, facing criticism over its bank-rescue program, said it may allow a broader group of private investors to purchase toxic secur...

This Week in Magazines: A Jihad on Behalf of Usury Laws, An "Idiot's Guide to Pakistan," and The Agenda for K Street's Trout Lobbyists

James Warren | Posted 05.25.2011 | Media
James Warren

Geithner and Summers don't mention ancient Babylonia in addressing the financial crisis. But Chicago attorney Thomas Geoghegan sure does in Harper's "Infinite Debt."

Gaming the Bailout: How Washington Continues Making The Saudi Arabia of Bond Funds Ever Richer

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

To see how access, power, and influence over the government and media is literally lifting billions from the pockets of taxpayers, one need not look further than a firm called PIMCO.

Jason Linkins

CNN Parrots Dubious Wall Street Talking Points On "Mark-To-Market" | Jason Linkins | Posted 05.25.2011 | Media

Do you ever get the feeling that as your media professionals "explain" why the "financial system" seems to be "crapping its pants in public" that thei...

It's Like Trusting A Drug Addict To Arrange His Own Intervention

Stuart Whatley | Posted 05.25.2011 | Politics
Stuart Whatley

As long as banks are allowed to continue denying the true toxicity of their toxic assets, the longer the current financial impasse will continue.

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...

Paulson Wants More 'Kudos' For Saving Economy

Think Progress | Posted 05.25.2011 | Politics

In an interview with the Wall Street Journal, former treasury secretary Hank Paulson said the Bush administration prevented the economy's "collapse" b...

Thomas B. Edsall

"Economists Laid End To End": Judging The Geithner Plan | Thomas B. Edsall | Posted 05.25.2011 | Business

"If all economists were laid end to end, they would not reach a conclusion" -- George Bernard Shaw Disagreements among the cadre of economists critic...

Challenging the Dogma of Yesterday's Men

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

If white bankers and economists have angered US citizens and roiled Congress, we should have the humility to understand how much more they have angered people in far away countries.

Sam Stein

Geithner: Gov't Must Not Let Up, Banks Need To Start "Taking Risks Again" | Sam Stein | Posted 05.25.2011 | Politics

In his first major Sunday show appearances, Timothy Geithner laid out the policy arguments for the administration's toxic-asset plan, detailed the lon...

What to Watch For In the Administration's Financial Sector Reforms

Ian Welsh | Posted 05.25.2011 | Politics
Ian Welsh

Here's a partial scorecard for looking at the administration's regulation reforms. I've listed what the administration should, in my opinion, do, along with notes on how likely I think it is.

The Krugman/Limbaugh Nightmare: President Obama Might Succeed

Frank Schaeffer | Posted 05.25.2011 | Politics
Frank Schaeffer

Krugman and Limbaugh are building personal Obama-Will-Fail, media-based ego empires to hedge their anti-Obama bet.

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.

Jason Linkins

Cramer Criticizes Daily Show On Morning Joe (VIDEO) | Jason Linkins | Posted 05.25.2011 | Media

A long, long time ago, the ancients took many, many shells of a human being, stacked them inside one another like Russian nesting dolls, and animated ...