While the Treasury Department found hundreds of billions of dollars to rescue giant Wall Street institutions, it refused to come up with the $75 million for which Chicago's ShoreBank qualified under the TARP program.
Our current unemployment trough directly violates the social compact that glues together modern industrial societies -- the tacit commitment that business and government will produce a full-employment economy.
Almost every day, Geithner attempts to delude American workers into believing that business investment and consumer demand are on the uptick. His assertions aren't just disingenuous and disrespectful -- they're also dangerous.
Larry Summers and Tim Geithner may believe the recession is over, but you cannot fool people who see the lives they've spent years building slipping through their fingers
Like Jon Stewart, I had an "I give up" moment last week watching the extraordinary spectacle of House Republicans denying health benefits to 9/11 responders.
The more traditional wing of the Republican Party has for generations conducted a program that they casually and regularly accuse liberals of conducting: Class warfare. In fact it is they who conduct class warfare.
Clinton nostalgia is dangerous nonsense, and for Democrats to go down that road is to avoid serious assessment of their own party's role in the economic debacle that haunts the nation.
According to a recent article in HuffPo by Shahien Nasiripour, "Treasury claims that Fannie Mae, which administers its Home Affordable Modification Pr...
Picking Elizabeth Warren to lead the new Consumer Financial Protection Bureau is a no-brainer. So why isn't the White House rushing to nominate her? In a word: fear.
A banking stress test based on public relations requirements rather than realistic financial and economic modeling may boost the stock price of major banks, justifying massive bonus payments to banking executives.
Over the last few days, Connecticut Senator Chris Dodd and Treasury Secretary Tim Geithner have made the case that Harvard professor and Congressional...
It's time for President Obama to knock the door off of the boys' club and let the girls into his inner economic circle, especially on economic matters. We can hardly afford to lose another immensely qualified woman.
One of the major impacts of the FinReg bill passed last week by Congress is the accretion of new power to Obama's Treasury Secretary. Geithner stands to inherit vast power to shape bank regulations.
If the Democrats are going to offer choice as a reason to vote for them, they must make a choice in their favor worth our while. This time, a simple "C" word repeated over and over won't be enough.
Elizabeth Warren is a threat to the scheme Tim Geithner has utilized to date to hide bank losses, thus keeping the banks solvent and out of bankruptcy court and their existing management teams employed and well-paid.
In 1970 the top 100 CEOs earned approximately $45 for every dollar earned by the average worker. By last year, it was $1,081 to one. There is no economic theory that can explain this obscene gap.