Geithner

Why Ron Paul is Wrong

James Altucher | Posted 11.18.2009 | Business


James Altucher

At the end of the day, don't succumb to populist panic. Capitalism works and is on its way to a recovery if we just sit back and let it happen.

WSJ: AIG CEO Robert Benmosche Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 11.12.2009 | Business


NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

Proposals In House Would Curb 'Too Big To Fail' Banks, Firms

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 11.09.2009 | Politics


Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn't damage th...

Geithner's New Plan: Keep Backing Risky Investments, Paying Banks NOT to Lend

Art Levine | Posted 11.04.2009 | Business


Art Levine

Is Treasury Secretary Tim Geithner the new champion of real financial reform, fighting to rein in Wall Street and the big banks?

CIT Bankruptcy Filed: US Will Likely Lose $2.3 Billion, Goldman Sachs Will Gain $1 Billion

AP / Huffington Post | By STEPHEN MANNING | Posted 11.01.2009 | Business


WASHINGTON -- Lender CIT Group has filed for Chapter 11 bankruptcy protection, in an effort to restructure its debt while trying to keep loans flowing...

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 11.01.2009 | Business


OVER the past 80 years, the United States government has engineered not one, not two, not three, but at least four rescues of the institution now know...

How The US Blew The Trillion-Dollar Trade Of The Century

Bloomberg | Mark Fisher | Posted 10.26.2009 | Business


When the government was forced to bail out the financial system, our friends in Washington also had the opportunity to make the trade of the century f...

Patriotism, Wall Street, You and Me

Stephen Gyllenhaal | Posted 10.13.2009 | Business


Stephen Gyllenhaal

A Vanity Fair piece chronicles in a very personal way what happened with the key players as the markets were melting last fall.

Goldman Sachs Bonuses: Columnist Says Analysts Predict $23 Billion Bonus Pool, Firm May Make Huge Donation

New York Times | ANDREW ROSS SORKIN | Posted 10.13.2009 | Business


By most analyst estimates, the annual bonus pool will swell to more than $23 billion. In its second quarter, Goldman disclosed it had put aside $11.4 ...

Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 10.12.2009 | Business


Bank of America employees are reminded every day of how far they still have to go. Just outside the elevators of their vast third-floor command center...

Geithner Frequently Talks To Select Group Of Bankers

AP | MATT APUZZO and DANIEL WAGNER | Posted 10.08.2009 | Business


WASHINGTON — As the federal government propped up the housing market and braced for the collapse of General Motors this spring, Treasury Secreta...

Sorkin On What Happened After Lehman

Robert Teitelman | Posted 10.05.2009 | Business


Robert Teitelman

New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.

TARP Watchdog's Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 10.05.2009 | Business


WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

Goldman Sachs To Be Paid $1 Billion If CIT Fails; Taxpayers Would Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 10.04.2009 | Business


Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 09.29.2009 | Business


The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effo...

The Big Bailout of '08: Hindsight Is Blind

Fortune's Stanley Bing | Posted 09.24.2009 | Business


<i>Fortune</i>'s Stanley Bing

Maybe Michael Moore's anti-capitalist screed is actually an interesting nexus where right and left converge in hatred of the system that rewards failure and lets the bad guys run the next iteration of the machine.

Geithner: Consumer Protection Agency "Critical" (TRANSCRIPT)

Posted 09.23.2009 | Business


Treasury Secretary Tim Geithner is scheduled to appear today before the House Financial Services Committee to address President Obama's proposed consu...

Geithner On Good Morning America: Obama Against Any Middle Class Tax Hike (VIDEO)

AP | Posted 11.15.2009 | Business


WASHINGTON -- Treasury Secretary Timothy Geithner acknowledged Tuesday the federal government had to take some "deeply offensive" steps to help the co...

Geithner: Unemployment Will "Absolutely" Be Lower This Time Next Year

Washington Post | Posted 11.10.2009 | Business


Treasury Secretary Tim Geithner, appearing in a town hall program that concluded moments ago on CNBC, said that "absolutely, absolutely," unemployment...

Geithner Moves To New Home, But Some Question His Temporary Digs

Special to the Huffington Post Investigative Fund | By Philip Shenon | Posted 11.04.2009 | Home


Treasury Secretary Timothy Geithner has finally moved into a permanent home after eight months in Washington, leaving behind some lingering questions ...

Geithner Defends Dealings With Goldman Sachs, Says Govt Officials Acted Appropriately

Wall Street Journal | By DEBORAH SOLOMON | Posted 09.21.2009 | Business


WASHINGTON -- Treasury Secretary Timothy Geithner said Friday that government officials acted appropriately in their dealings with Goldman Sachs Group...

Elizabeth Warren Talks Toxic Assets On MSNBC (VIDEO)

Posted 09.12.2009 | Business


Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bank bailout, appeared on MSNBC this morning to talk toxi...

Banking Bandits Get Their Reward

Robert Scheer | Posted 09.04.2009 | Business


Robert Scheer

The $33 billion in taxpayer money that executives paid themselves speaks volumes about the inefficiency of a system of rewards that has nothing to do with performance.

Geithner Goes On Profanity-Laced Tirade As Bank Regulators Push Back

Posted 09.03.2009 | Business


Treasury Secretary Tim Geithner unleashed a profanity-laced tirade on bank regulators at a private meeting last Friday, according to a Wall Street Jou...

Q&A with Michael Lewis (Part 1): The Rules of the Game Were Totally Screwed Up

Terrence McNally | Posted 08.31.2009 | Business


Terrence McNally

I recently interviewed author Michael Lewis about his new book, Home Game: An Accidental Guide to Fatherhood, and the financial meltdown and the bailout.