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Treasury Department

Treasury Officials Met With Prostitutes, Accepted Gifts From Regulated Institutions: Report

The Huffington Post | Alexander Eichler | Posted 07.16.2012 | Business

Working at the Treasury frankly sounds kind of boring, which may explain why a number of employees allegedly spiced up their lives with golf, prostitu...

Ryan Grim

Documents Show Geithner's Libor Recommendations Came Straight From Banks | Ryan Grim | Posted 07.16.2012 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner has so far escaped responsibility for the spreading Libor fixing scandal by releasing documents show...

Shareholder Sues Debt-Collection Company Over 'Deplorable' Practices

The Huffington Post | Alexander Eichler | Posted 07.02.2012 | Business

The problems just keep piling up for the nation's most famous collector of hospital debts. Accretive Health, the Chicago-based debt collection comp...

Hospital Debt Collection Could Soon Get Tougher

The Huffington Post | Alexander Eichler | Posted 06.26.2012 | Business

When it comes to settling hospital bills, government officials want to give patients a little bit of breathing room. New rules proposed last Frida...

Lawmakers Reworked Financial Portfolios After Talks With Fed, Treasury Officials

The Washington Post | Posted 06.24.2012 | Politics

In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow J...

What A College Degree Gets You

The Huffington Post | Harry Bradford | Posted 06.11.2013 | Business

For America's poor, the decision to forego college won't kill all chance of moving up the economic ladder. It just severely worsens the odds. Inde...

Senator: IRS Whistleblower Problem Has Been Inexcusably Bad

Reuters | Posted 08.22.2012 | Business

By Patrick Temple-West WASHINGTON, June 22 (Reuters) - A report from the U.S. Internal Revenue Service's troubled whis...

Come on Baby, Let's Do the Twist

Michael Farr | Posted 06.21.2012 | Business
Michael Farr

The Fed has become somewhat impotent and should pass the buck to Congress. If only Congress would answer the phone.

JPMorgan Strategy Shift May Have Led To Huge Loss

AP | MARCY GORDON | Posted 08.05.2012 | Business

WASHINGTON (AP) — JPMorgan Chase had weak controls in place to contain risk in its investment division that suffered a $2 billion-plus trading loss,...

Mark Gongloff

Bond Buyers Throwing Cash At Uncle Sam | Mark Gongloff | Posted 05.30.2012 | Business

The next time you hear somebody freaking out about U.S. government debt, you can remind them that there has never been a better time for the governmen...

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 07.07.2012 | Business

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

U.S. To Sell Some Stock Of Bailed-Out Firm

AP | Posted 05.07.2012 | Business

NEW YORK -- The Treasury Department is selling $5 billion worth of stock in bailed-out insurance giant American International Group Inc. for $30.50 pe...

Why You Shouldn't Buy Treasury's Line On The Bailouts

Bloomberg View | Jonathan Weil | Posted 04.20.2012 | Business

The U.S. Treasury Department wants the public to believe the government’s bailouts of the financial sector might make money for taxpayers. It’s ea...

IRS Rule Could Threaten Some Banks' 'Viability'

Reuters | Posted 06.17.2012 | Business

April 17 (Reuters) - Banks in Texas, Florida and other southern states could face a pull-out of non-U.S. depositors due to a new U.S. rule finalized...

Elise Foley

Timothy Geithner Calls Mitt Romney Claims 'Misleading,' 'Ridiculous' | Elise Foley | Posted 04.15.2012 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner threw water on one of GOP presidential hopeful Mitt Romney's claims about the economy and women, say...

Amanda Terkel

Treasury Tries To Bail Out Public Image Of Bailout | Amanda Terkel | Posted 04.13.2012 | Politics

WASHINGTON -- The Treasury Department is worried that the high political cost of some of its key economic intervention programs -- most notably, the b...

Loren Berlin

Bailout Money Fails To Reach Neediest Homeowners: Report | Loren Berlin | Posted 04.12.2012 | Business

A federal housing program funded with taxpayer money left over from the government's bailout of the banks and auto companies is failing to deliver on ...

Watchdog: Mortgage Giants Too Free To Make Their Own Decisions

AP | CHRISTOPHER S. RUGABER | Posted 03.29.2012 | Business

WASHINGTON -- A government watchdog says the top U.S. housing regulator should take a more active role in overseeing mortgage giants Fannie Mae and Fr...

WATCH: Donald Duck Tells You To Pay Income Tax

Posted 03.22.2012 | Money

At a time when politicians are fighting over the mere suggestion that Americans might have to pay higher taxes, it's pretty fun to watch Donald Duck s...

Warm Days and Thunderstorms: Bond Prices Are Rumbling

Michael Farr | Posted 05.21.2012 | Business
Michael Farr

Interest rate movements affect almost every type of investment in some way, but bond investments will react with direct negative correlation. The rule for bond investing is that the lower the coupon and the longer the maturity, the more volatile prices will be.

Arthur Delaney

Obama Administration Lets Banks Out Of Doghouse For Bad Mortgage Servicing | Arthur Delaney | Posted 03.02.2012 | Politics

WASHINGTON -- The Obama administration announced Friday that as part of a recent $25 billion settlement with big banks, the government will release mo...

Obama Task Force Aims To Ensure China Plays By Trade Rules

Reuters | Posted 04.29.2012 | Business

* USTR Kirk to select director of new interagency team * Unit will draw on resources from across government * Reports ra...

Bank Faces Multiple Probes Over Illegal Money Tied To Iran

Reuters | Posted 04.28.2012 | Business

By Carrick Mollenkamp Feb 27 (Reuters) - HSBC Holdings Plc said on Monday it will likely face criminal or civil charges from an expan...

New Child Support System Could Cost Poor Men Their Only Income

AP | DANIEL WAGNER | Posted 04.28.2012 | Business

WASHINGTON -- Old child support debts could cost thousands of poor men their only income next year because of a policy aimed at reducing the cost to t...

The Latest Reason Larry Summers Is Unpopular

The Huffington Post | Alexander Eichler | Posted 02.24.2012 | Business

Larry Summers is in the running to head the World Bank. But according to tens of thousands of people that recently signed a petition, he's not the man...