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Treasury Secretary

Obama: $35 Billion Lined Up For State and Local Housing | DEBORAH SOLOMON | Posted 05.25.2011 | Business

WASHINGTON -- The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to ...

The Fed Shuts Down Geithner's Request To Review Its Operations | Craig Torres and Robert Schmidt | Posted 05.25.2011 | Business

Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the centra...

Obama Swiftboats Van Jones

Linda Milazzo | Posted 05.25.2011 | Politics
Linda Milazzo

Van Jones' resignation isn't a testament to the frenetic dry-drunk tirades of a delusional Fox employee. It is due to the Obama administration's failure to rightfully and necessarily defend a valuable member of its team.

"Banksters" On Parade

Jackson Williams | Posted 05.25.2011 | Business
Jackson Williams

There once were usury laws in this country to limit such shamelessness. I wonder where they went?

'Government Sachs' Strikes Gold ... Again

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

The federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.

Geithner Talks China, Recession, Federal Deficit (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner appeared on CNBC this morning and discussed the GM bankruptcy, economic relations with China, and the ballooning F...

Geithner: China Should Decrease Exports | MICHAEL M. PHILLIPS | Posted 05.25.2011 | Business

WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

Washington's Grim Economic Prospects

Eric C. Anderson | Posted 05.25.2011 | Politics
Eric C. Anderson

Over the last year Iceland, Ireland, and Spain have been confronted with diminished credit ratings. Could the same thing happen to the United States?

Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

Wall Street, DC, and the New Financial Euphoria

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

I spent last week in New York and Washington, speaking with many erstwhile Masters of the Universe and those charged with cleaning up the mess they've created. And in both cities I was stunned by how many Wall Street and political insiders were ready to break out the champagne. Forgive me if I keep the bubbly on the shelf. READ MORE Ending the War on Drugs: The Moment is Now When it comes to addressing America's disastrous war on drugs, the Obama administration is saying the right things. But when it comes to putting its rhetoric into action, the administration has faltered. Is the Obama administration really committed to a fundamental shift in America's approach to drug policy or is this about serving up a kinder, gentler drug war? READ MORE

A Call For Questions For Timothy Geithner

Richard H. Neiman | Posted 05.25.2011 | Politics
Richard H. Neiman

I am one of the five members of the Congressional Oversight Panel for TARP, and I would like the people who are living with this recession to get a chance to ask their questions to Geithner.

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...

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...

Bloomberg for Treasury Secretary

Alan Schram | Posted 05.25.2011 | Business
Alan Schram

We simply cannot afford to have a distracted, hobbled Treasury Secretary who does not have the trust of markets or members of Congress. Mr. President, call Gracie Mansion.

Treasury: Okay, Who's Good With Numbers?

Jerome Halligan | Posted 05.25.2011 | Comedy
Jerome Halligan

Treasury Secretary Timothy Geithner held a press conference today to announce a need on the part of the Treasury for "people good with numbers, figures, economics - things of that nature."

My Advocacy On Behalf of Minority and Community Banks

Rep. Maxine Waters | Posted 05.25.2011 | Politics
Rep. Maxine Waters

Despite my public and consistent advocacy, news reports suggest that somehow I have acted improperly in advocating on behalf of minority banks. Let me set the record straight.

Ryan Grim and Julie Satow

Levin In Talks With Treasury To Kill Tax Break For Financiers | Ryan Grim and Julie Satow | Posted 05.25.2011 | Politics

It took an unlikely alignment of events to create a situation where venture capitalists and private equity managers could pay a lower tax rate than th...

Geithner Operating With A Skeleton Crew Of Unofficial Senior Advisers

New York Times | EDMUND L. ANDREWS and STEPHEN LABATON | Posted 05.25.2011 | Business

Rarely have so few people had so little time to prop up so many pillars of the economy as those in the Treasury Department under Timothy F. Geithner. ...

While the Economy Tanks, the President's Team Dawdles

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

The stock market knows what Treasury still needs to admit: the banks are bust. Their CEOs lack all credibility. Until they are nationalized the Dow will continue its very rational path downwards.

Volcker: 'Shameful' That Treasury Is Understaffed

ABC | Posted 05.25.2011 | Politics

Sounding off on hiring problems that we reported earlier this week, a leading economic adviser to President Obama today said it was "shameful" that th...

Geithner's Private Investment Fund Details Revealed

Financial Times | Krishna Guha | Posted 05.25.2011 | Business

One reason the US authorities are reluctant to pull the plug on any big banks is that they hope their toxic asset purchase plan could show that losses...

We're in a "Repression": The Economics of Shame

James Rotondi | Posted 05.25.2011 | Business
James Rotondi

Perhaps we're better off thinking of our current state of economic ennui not as a recession or a depression, but as a "repression."

The Simplest Plan For Helping Homeowners

Henryk A. Kowalczyk | Posted 05.25.2011 | Business
Henryk A. Kowalczyk

By offering short-term loans, the government would be using taxpayer money wisely to stimulate banks to reform their lending practices.

Dear President Obama: Please Fix the Bank Bailout

Tram Nguyen | Posted 05.25.2011 | Politics
Tram Nguyen

An immediate moratorium on foreclosures is necessary to keep families in their homes while a systemic solution is developed. Taxpayer money must go toward helping communities.

Geithner's Vague Bad Bank Plan Aggravates Credit Crunch: Analysis

Reuters | Kevin Drawbaugh | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - Global credit markets are unlikely to revive as long as the U.S. government continues to dangle the vague prospect of a toxic a...