Summers/Geithner Plan: Bank Heist One More Time
This plan is more of the same: highly leveraged risk-taking shenanigans facilitated by a naive government and tax dollars.
This plan is more of the same: highly leveraged risk-taking shenanigans facilitated by a naive government and tax dollars.
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...
CBS | Posted 03.14.2009 | Politics
Republican Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, on Wednesday lambasted Treasury Secretary Tim Geithner'...
William K. Black | Posted 03.13.2009 | Business
The bankers have convinced the Bush and Obama administrations that the taxpayers should be looted to bail out risk capital. We should stop listening to the folks that caused the crisis.
nytimes.com | STEPHEN LABATON and EDMUND L. ANDREWS | Posted 03.12.2009 | Politics
WASHINGTON - The Obama administration's new plan to bail out the nation's banks was fashioned after a spirited internal debate that pitted the Treasur...
Ian Welsh | Posted 03.12.2009 | Politics
The only people in this debacle who acted in the interests of ordinary Americans are House Democrats, but in the end they're going to be forced to choose between no bill and a fatally compromised bill.
AP | Posted 03.11.2009 | Business
WASHINGTON — A Treasury Department official says Treasury Secretary Timothy Geithner will unveil the Obama administration's new framework to aid...
Diane Francis | Posted 05.08.2009 | Business