Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals
Less than two weeks after a congressional watchdog called attention to backroom deals in which the Treasury Department repurchased stock warrants from...
Less than two weeks after a congressional watchdog called attention to backroom deals in which the Treasury Department repurchased stock warrants from...
AP | JIM KUHNHENN | Posted 06.20.2009 | Business
WASHINGTON — Declaring that the financial system was "starting to heal," Treasury Secretary Timothy Geithner said Wednesday that major banks had...
US News & World Report | Posted 06.14.2009 | Business
When it first came into existence last September, TARP--the troubled assets relief program--sounded like just another ungainly government acronym. But...
AP | JEANNINE AVERSA | Posted 05.25.2009 | Business
WASHINGTON — Finance officials from the world's top economic powers pledged Friday to move swiftly on efforts to lift nations out of the worst r...
Henry Blodget | Posted 05.11.2009 | Business
So far, I've laid the Obama administration's decision to keep propping up failed banks at Tim Geithner's feet. Obama, meanwhile, has so far avoided blame. I wonder how long that will last.
Mike Lux | Posted 05.08.2009 | Politics
The way Tim Geithner has structured the banking plan, the Obama administration will, sooner or later, almost certainly be facing another AIG bonuses-type of outrage.
Robert Reich | Posted 05.07.2009 | Business
Geithner's new tough line is mostly designed to reassure a public that's lost all faith in the wisdom of bailing out Wall Street.
CBS News | Posted 05.02.2009 | Business
Days after GM's CEO Rick Wagoner was forced out by the Obama administration, Treasury Secretary Timothy Geithner left open the possibility that such m...
Robert Scheer | Posted 05.01.2009 | Business
Those orchestrating the bailout and those grabbing the money are for the most part friends and former colleagues, with enormous respect for each other but not for the American taxpayer and homeowner.
The Real News | Posted 04.30.2009 | Politics
Chomsky believes the economic system in America is built in a way that often penalizes the public.
Robert Kuttner | Posted 04.29.2009 | Politics
I fear that these columns have been too polite. What we have is something perilously close to a dictatorship of the Fed and the Treasury, acting in the interests of Wall Street.
Benjamin R. Barber | Posted 04.27.2009 | Business
Like the president he serves, Geithner is a pragmatist, a progressive and a Democrat, and seems willing, if market strategies fail (as they will), to abandon them in favor of whatever works.
Henry Blodget | Posted 04.25.2009 | Business
The big problem with Tim Geithner's plan to fix the banks is the same as it ever was: The gap between what banks say their assets are worth and what the market says they are worth.
Betsy Perry | Posted 04.24.2009 | Politics
While I'm all for coming clean and getting the dirt on AIG and Goldman Sachs, the behavior of the committee members is all about listening to themselves talk, grandstanding and "gotcha" moments.
Alan Schram | Posted 04.24.2009 | Business
The very premise behind Geithner's plan is flawed. We insist on saving the banks, and refuse to admit most of them are impaired beyond hope.
Eric C. Anderson | Posted 04.24.2009 | Business
Geithner and the SEC must take direct aim at the root cause of our ailments. That means fixing the credit-rating agency problem now.
Jacob Heilbrunn | Posted 04.23.2009 | Politics
It remains astonishing that a variety of pundits and lawmakers continue to underestimate Obama. Will Obama rescue the economy? Yes, he can. But not if the Democrats try to stop him first.
Henry Blodget | Posted 04.23.2009 | Business
Geithner views the crisis the same way Wall Street does -- as a temporary liquidity problem -- and his plans to fix it are designed with the best interests of Wall Street in mind.
Arianna Huffington | Posted 04.23.2009 | Politics
Tim Geithner's actions throughout his career, including his time as Treasury Secretary, are proof that the toxic thinking that got us into this mess is part of his DNA.
AP | TOM RAUM | Posted 04.23.2009 | Business
WASHINGTON — The Obama administration aimed squarely at the crisis clogging the nation's credit system Monday with a plan to take over up to $1 ...
Robert Kuttner | Posted 04.22.2009 | Politics
The indignation over AIG will serve a useful purpose if it focuses public attention on the much larger issue of the failure of the entire approach that Tim Geithner and Larry Summers are using to rescue the banking system.
Miles Mogulescu | Posted 04.18.2009 | Politics
If the American people come to see the Obama administration as complicit in Wall Street's unethical behavior, then Obama's entire economic program could end up in shambles.
Miles Mogulescu | Posted 04.08.2009 | Politics
It would be a bit disturbing if a president who has said he wants to hear the widest range of opinions on important issues would want to dismiss those who write blog posts.
Huffington Post | Julie Satow | Posted 03.29.2009 | Business
Treasury Secretary Timothy Geithner spoke with PBS' Jim Lehrer on Wednesday evening about the Obama administration's economic plans. Among the highli...
Financial Times | Krishna Guha | Posted 03.27.2009 | 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...
HuffingtonPost.com | Ryan Grim | Posted 08.22.2009 | Politics