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

Bloomberg | Mark Fisher | Posted 05.25.2011 | 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...

Sorkin On What Happened After Lehman

Robert Teitelman | Posted 05.25.2011 | 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.

Tim Geithner: Henhouse Fox. Thanks Again, Obama!

Barry Yourgrau | Posted 05.25.2011 | Business
Barry Yourgrau

What kind of two-ton albatrosses is Obama & Co. hanging around the neck of the Democrats with appointments like Geithner's?

Citigroup To Repay $20 Billion In TARP Bailout Money

AP | BY STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Citigroup Inc. and Wells Fargo & Co. said Monday they would repay their government bailout loans, freeing them from close regulatory ...

Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 05.25.2011 | Business

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

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

AP / Huffington Post | By STEPHEN MANNING | Posted 05.25.2011 | 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...

Bank of America Trailing Behind Other Banks In Mortgage Relief

Washington Post | Renae Merle | Posted 05.25.2011 | 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...

Barney Frank: I Want Hearings On Geithner's Role In AIG

BusinessWeek | Alison Vekshin and Peter Cook | Posted 05.25.2011 | Politics

Representative Barney Frank said the Federal Reserve Bank of New York's 2008 order to American International Group Inc. (AIG) to suppress disclosures ...

Geithner: TARP Repayments Don't Hurt Bank Lending Ability

Bloomberg | Rebecca Christie | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner said U.S. banks aren't hurting their ability to lend as they repay the Troubled Asset Relief Program and back away...

Geithner Interviewed By Bloomberg: Says Goldman Would Have Failed, Dismisses Tobin Tax (VIDEO)

Posted 05.25.2011 | Business

During an interview this week on Bloomberg's Political Capital with Al Hunt, Treasury Secretary Timothy Geithner disputed claims made by Goldman Sachs...

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

Wall Street Journal | DAMIAN PALETTA and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | 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...

Patriotism, Wall Street, You and Me

Stephen Gyllenhaal | Posted 05.25.2011 | 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.

Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | 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...

What's Still Hidden In AIG's Files?

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Business

As federal hearings into the cause of the financial crisis got underway this week, attention has focused on one key outstanding question: Whether the ...

Geithner: Job Growth Should Resume By Springtime

AP | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner gave two significant interviews this week, one to National Public Radio and the other to ABC's Good Morning Americ...

TARP For Small Businesses: White House Looks To Bring Wall Street Rescue To Main Street

Washington Post | David Cho | Posted 05.25.2011 | Business

The Obama administration is developing a major initiative to tackle the economic and political problem of unemployment by getting federal bailout fund...

Why Ron Paul is Wrong

James Altucher | Posted 08.29.2011 | 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.

Can Citigroup Carry Its Own Weight?

New York Times | ANDREW MARTIN and GRETCHEN MORGENSON | Posted 05.25.2011 | 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...

Geithner Talks To Select Group Of Bankers Every Day

AP | MATT APUZZO and DANIEL WAGNER | Posted 05.25.2011 | Business

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

Geithner's Time to Give Answers

Rep. Darrell Issa | Posted 05.25.2011 | Business
Rep. Darrell Issa

Inadvertent reporting errors are one thing. Directing a bailed-out company to withhold crucial information from a government agency in order to keep the American public in the dark is another.

Citigroup Gets Massive Tax Break In Deal with IRS

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as ...

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

Washington Post | Renae Merle and David Cho | Posted 05.25.2011 | 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

Stanley Bing | Posted 05.25.2011 | Business
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 05.25.2011 | Business

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

Tim Geithner: Obama Against A Middle Class Tax Hike

AP | Posted 05.25.2011 | Business

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