Geithner Bailout

Geithner: Bailouts For Big Banks 'Deeply Unfair'

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: Geithner Recovery, Timothy Geithner Treasury Secretary, Geithner Unfair, Geithner Bailout Unfair, Tim Geithner, Geithner Bailout, Geithner Disparity Unfair, Timothy Geithner, Business News

WASHINGTON — Treasury Secretary Timothy Geithner said Thursday it's "deeply unfair" that some financial institutions that got taxpayer-paid bail...

Read Whole Story

Geithner: Bailout Program Extended To October

AP | MARTIN CRUTSINGER and DANIEL WAGNER | Posted 05.25.2011

Read More: Tarp, Geithner, Timothy Geithner Treasury Secretary, Bailout, Economy, Economic Crisis, Geithner Bailout, Banks, Financial Crisis, Geithner Bailout Extended, Bank Bailout, Bank Bailout Deadline, Bailout Program, Business News

WASHINGTON — The Obama administration has extended the $700 billion financial bailout program until October, setting up a struggle between Democ...

Read Whole Story

A Proposal on How to Clean Up the Banks

Jeffrey Sachs | Posted 05.25.2011

Read More: Economic Stimulus Package, Bailout, Clean Banks, Economic Crisis, Toxic Assets, Timothy Geithner, Credit Crisis, Government Bonds, Geithner Plan, 100 Days, Geithner Bailout, Obama Administration, Obama Economy, Zombie Banks, Business News
Jeffrey Sachs

The taxpayers should take over the bad assets in return for bank equity, but with a twist: the amount of equity transferred to the taxpayers would not be determined immediately.

Read Post

Ryan Grim

Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Geithner, State Street Corporation Bailout, Bailout Sweetheart Deals, Bailout, Geithner Bailout, U.S. Bancorp Bailout, Financial Crisis, Bailout Banks, Congressional Oversight Panel, BB&T Bailout, Sweetheart Deals, Video, Politics News

Less than two weeks after a congressional watchdog called attention to backroom deals in which the Treasury Department repurchased stock warrants from...

Read Whole Story

Geithner says major banks have raised $56 billion

AP | JIM KUHNHENN | Posted 05.25.2011

Read More: Geithner, Tim Geithner, Banks Geithner, Geithner Bailout, Banks, Banks Raising Money, Timothy Geithner, Geithner Banks, Business News

WASHINGTON — Declaring that the financial system was "starting to heal," Treasury Secretary Timothy Geithner said Wednesday that major banks had...

Read Whole Story

How TARP Began: An Exclusive Inside View

US News & World Report | Posted 05.25.2011

Read More: Geithner Bailout, David Nason, Bailout, How TARP Began, Paulson Bailout, Bernanke Bailout, Bailout Started, Tarp, Hank Paulson Bailout, Business News

When it first came into existence last September, TARP--the troubled assets relief program--sounded like just another ungainly government acronym. But...

Read Whole Story

It's Time to Treat America's Homeowners as Well as We've Been Treating Wall Street's Bankers

Arianna Huffington | Posted 05.25.2011

Read More: Foreclosures, Bailout Outrage, Timothy Geithner Treasury Secretary, Obama Stimulus Plan, Obama Stimulus, Tim Geithner, Geithner Bailout, Homeowners, Bank Bailout, Geithner Bank Bailout, Home Foreclosures, Business News
Arianna Huffington

"The banks are too big to fail" has been the mantra we've been hearing since September. But when you consider the millions of American homeowners facing foreclosure, aren't they also too big to fail?

Read Post

Finance leaders want cooperation to end recession

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Geithner, Timothy Geithner Treasury Secretary, Geithner Plan, Tim Geithner, Geithner Bailout, Banking Crisis, Banks, Timothy Geithner, Bank Bailout, Business News

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...

Read Whole Story

Obama Really Wall Street CEO In Chief?

Henry Blodget | Posted 05.25.2011

Read More: Bailout, Wall Street, Barack Obama, Geithner, Timothy Geithner Treasury Secretary, Timothy Geithner, Geithner Plan, Tim Geithner, Geithner Bailout, Business News
Henry Blodget

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.

Read Post

When the Next Banking Scandal Hits...

Mike Lux | Posted 05.25.2011

Read More: Aig, 2009 Obama Administration, Bank Bailout, Tim Geithner, Banking, Banking Crisis, Bailout, Geithner Bailout, Politics News
Mike Lux

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.

Read Post

Will Geithner Fire Corporate America?

Robert Reich | Posted 05.25.2011

Read More: Wall Street Bailout, Bailout, Giethner Face the Nation, Tim Geithner, Geithner Bailout, Business News
Robert Reich

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.

Read Post

Geithner Open To Option Of Ousting Bailed-Out Bank CEOs

CBS News | Posted 05.25.2011

Read More: Geithner Bailout, Bailout, Economy, Geithner CEOs, Financial Crisis, GM CEO Ouster, Geithner Ousting CEOs, Business News

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...

Read Whole Story

In for a Penny, In for $2.98 Trillion

Robert Scheer | Posted 05.25.2011

Read More: No Banker Left Behind, Financial Crisis, Auto Bailout, Wall Street, Geithner Bailout, Business News
Robert Scheer

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.

Read Post

Noam Chomsky Discusses Geithner

The Real News | Posted 05.25.2011

Read More: Nationalize, Bush, Economy, Geithener-Treasure-Secretary, The Real News, Noam-Chomsky Economics, Noam Chomsky, Politics, Geithner Bailout, Timothy-Geithner, Banks, Henry Paulson, Timothy Geithner, Noam-Chomsky, Geithner Treasury Secretary, Politics News
The Real News

Chomsky believes the economic system in America is built in a way that often penalizes the public.

Read Post

Obama's Banking Rescue: O for Opaque

Robert Kuttner | Posted 05.25.2011

Read More: Geithner Plan, Economy, Geithner Bailout, 100 Days, Financial Crisis, Timothy Geithner, Bank Bailout, Barack Obama, Lawrence Summers, Politics News
Robert Kuttner

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.

Read Post

The Two Faces of Tim Geithner

Benjamin R. Barber | Posted 05.25.2011

Read More: Geithner, Timothy Geithner Treasury Secretary, Timothy Geithner, Bailout, Geithner Plan, Tim Geithner, Geithner Bailout, Business News
Benjamin R. Barber

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.

Read Post

One Small Problem With Geithner's Plan: It Will Bankrupt The Banks

Henry Blodget | Posted 05.25.2011

Read More: Geithner, Bailout, Timothy Geithner Treasury Secretary, Timothy Geithner, Geithner Plan, Tim Geithner, Geithner Bailout, Business News
Henry Blodget

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.

Read Post

Three Scenarios for the Geithner Plan

Alan Schram | Posted 05.25.2011

Read More: Financial Crisis, Banks, Credit Crisis, Geithner Plan, Geithner, Timothy Geithner Treasury Secretary, Bailout, Tim Geithner, Geithner Bailout, Timothy Geithner, Business News
Alan Schram

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.

Read Post

Reel in the Credit-Rating Agencies

Eric C. Anderson | Posted 05.25.2011

Read More: Politics, Federal Reserve, Timothy Geithner Treasury Secretary, Economy, Credit Ratings, Credit Rating Agencies, Sec, Geithner Plan, Geithner Bailout, Business News
Eric C. Anderson

Geithner and the SEC must take direct aim at the root cause of our ailments. That means fixing the credit-rating agency problem now.

Read Post

"Gotcha" Grandstanding: You're A Bunch Of Rude Dudes

Betsy Perry | Posted 05.25.2011

Read More: Congressional Hearings, Ben Bernanke, Tim Geithner, Goldman Sachs, Geithner, Timothy Geithner Treasury Secretary, Bailout, Geithner Plan, Geithner Bailout, Geithner Hearings, Aig, Timothy Geithner, Politics News
Betsy Perry

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.

Read Post

Dow jumps as Obama admin. moves on bad bank assets

AP | TOM RAUM | Posted 05.25.2011

Read More: Geithner, Timothy Geithner Treasury Secretary, Timothy Geithner, Geithner Plan, Tim Geithner, Geithner Bailout, Business News

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 ...

Read Whole Story

Geithner's Five Big Misconceptions

Henry Blodget | Posted 05.25.2011

Read More: Bailout, Geithner, Timothy Geithner Treasury Secretary, Timothy Geithner, Geithner Plan, Tim Geithner, Geithner Bailout, Business News
Henry Blodget

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.

Read Post

Take the Steering Wheel out of Geithner's Hands

Arianna Huffington | Posted 05.25.2011

Read More: Timothy Geithner Treasury Secretary, Fdic, Aig Bonuses, Economy, Aig, Bank Bonuses, Recession, Stan Greenberg, Federal Bailouts, Nelson Mandela, Bailout Bandits, Wall Street, Tim Geithner, Geithner Bailout, Financial Crisis, Timothy Geithner, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News
Arianna Huffington

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.

Read Post

Stop Bashing the Obama Economic Plan

Jacob Heilbrunn | Posted 05.25.2011

Read More: Geithner, Timothy Geithner Treasury Secretary, Bailout, Obama Economic Plan, Geithner Plan, Tim Geithner, Geithner Bailout, Timothy Geithner, Obama Economy, Barack Obama, Politics News
Jacob Heilbrunn

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.

Read Post

Geithner's Last Stand

Robert Kuttner | Posted 05.25.2011

Read More: Timothy Geithner Treasury Secretary, Fdic, Economy, Aig Bonuses, Aig, Bank Bonuses, Recession, Goldman Sachs, Federal Bailouts, JP Morgan, Neel Kashkari, Bailout Bandits, Wall Street, Tim Geithner, Geithner Bailout, Financial Crisis, Timothy Geithner, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Citigroup, Politics News
Robert Kuttner

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.

Read Post