Instead of trying to come up with a constructive solutio, the banks failed to accept that their exceptional earnings did not come to them.
The revelations that the New York Fed advised AIG to hide matters from regulators may be the final trigger for Geithner's departure -- and Obama needs to change his economic team anyway.
If government serves only to amplify the already considerable power of the mighty, then it's about as useful to the average person as a Louis XIV credenza is to a horse.
The general public has been kept unaware of several politically explosive facts. Given the extraordinary circumstances surrounding AIGs trades, the financial crisis, and bailouts, it's time to reopen this issue.
The AIG emails are the 'black box' of the financial crisis. If we understand the failure of AIG, we will more fully understand the crisis -- what caused it and how to prevent it from happening again.
What kind of two-ton albatrosses is Obama & Co. hanging around the neck of the Democrats with appointments like Geithner's?
The problem is that the American middle class is broke and unable to continue to over-consume.
It's easy to poke holes in the work of elected officials and other policy makers. But all these folks will tell you that governing is exponentially ha...
Dear Mr. Geithner, I struggle to understand why you ignore my letters and calls? I appreciate the depth and breadth of issues you face, decisio...
Did Goldman and the other banks know for certain that the bankruptcy of AIG was no longer a risk for them? That the Fed and Treasury were now irrevocably committed to saving AIG?
By Paul Kiel, ProPublica. The administration’s $75 billion mortgage modification program is meant to help 3 million to 4 million homeowners avo...
Often, people will look at a high-profile example of corruption, and conclude that the egregious act is an exception to the rule. In reality, it might be the tip of the iceberg.
The meeting, admittedly, left most of us feeling like we had more questions after it ended than when it started -- I did learn a few things at the gathering that I found particularly interesting.
The Obama administration, far from backing off or restricting TARP, is quietly moving forward a plan to create an even bigger, more permanent TARP.
Two ideas are floating around Washington regarding how to handle 'too big to fail' banks, but only one is supported by the Treasury and the White House. Unfortunately, it's the wrong one.
By Paul Kiel, ProPublica. Since its March launch, the government's $50 billion program to prevent foreclosures has been marked by confusion, delays ...