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Tim Geithner

The Wrath of Suburbanites and Independents

Joseph A. Palermo | Posted 11.04.2009 | Politics

Read More: President Barack Obama, Bob Gates, Larry Summers, Arnold Schwarzenegger, Democrats, 2009 Elections, New Jersey Election, Msnbc, Cnn, Virginia, Jon Corzine, New York's 23rd District, New Jersey, Wall Street, Governors' Races, John King, Tim Geithner, Off-Year Elections, Republicans, Alan Greenspan, 2010 Midterm Elections, Angry Electorate, Voters' Rage, Virginia Election, Politics News
Joseph A. Palermo

The election results show that no incumbent governor (or incumbent party) can escape the wrath of an electorate that continues to bleed while it watches tax dollars squandered on foreign wars and Wall Street fat cats.

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Obama: The Central Question of Our Time

Cenk Uygur | Posted 11.03.2009 | Politics

Read More: Trigger, Public Option, Tim Geithner, Financial Reform, One Year Later, Real Slim Shady, Health Care Reform, Larry Summers, Obama One Year Later, Barack Obama, Politics News
Cenk Uygur

Obama's first year has not been full of good signs. He got a few things done while clearly leaning on the wrong side on the most important issues. But it's nowhere near too late.

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Maria Cantwell: I'm "Not Sure" Why Geithner Still Has Job (VIDEO)

The Huffington Post | Rachel Weiner | Posted 11.02.2009 | Politics

Read More: Timothy Geithner, Tim Geithner Financial Regulation, Cantwell Fire Geithner, Maria Cantwell, Derivatives Regulation, Financial Regulation Loopholes, Dylan Ratigan, Geithner Cantwell, Tim Geithner, Fire Tim Geithner, Politics News

A Democratic senator said on Monday that she's "not sure" why Treasury Secretary Timothy Geithner still has his job, calling his financial reform plan...

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Wall Street and Goldman Sachs Party On

Joseph A. Palermo | Posted 11.18.2009 | Business

Read More: U.S. Economy, Kevin Phillips, Executive Compensation, Goldman Sachs, William Black, Wall Street, Goldman Sachs Bonuses, Economic Crisis, Tim Geithner, Economy, Larry Summers, Time Magazine, Allan Sloan, Business News
Joseph A. Palermo

A criminal gang of rich white guys in New York did some extremely reckless things with the nation's collective wealth, and the middle class got clobbered.

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Why Keep Geithner?

Dylan Ratigan | Posted 11.02.2009 | Business

Read More: Corruption, Greed, Wall Street Bailout, Dylan Ratigan, Bailout Bandits, Financial Corruption, Bailout, Tim Geithner, Timothy Geithner, Business News
Dylan Ratigan

The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job. The time for corrective action is now.

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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

Read More: Short-Term Finance, Retailers, Geithner, Timothy Geithner, Goldman Sachs, Lending, Retail, CIT Bailout, Tim Geithner, Carl Ichan, Bailout, Finance, Lenders, Treasury, Cit, Banks, Wall Street, Ichan, Business News

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

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Geithner On Meet The Press: Worried Banks May Be Too Timid (VIDEO)

Posted 11.02.2009 | Business

Read More: Tim Geithner Meet the Press Video, Tim Geithner Meet the Press, Video, Meet the Press, Economy, Tim Geithner, Financial Crisis, Job Growth, Tim Geithner Video, Fiscal Policy, Business News

***SCROLL DOWN FOR VIDEO*** WASHINGTON (Associated Press) — Treasury Secretary Timothy Geithner acknowledges the federal budget deficit is too hi...

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The Secrets To Goldman Sachs' Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens

McClatchy | Greg Gordon | Posted 11.01.2009 | Business

Read More: Foreclosures, Paulson, Regulation, Recession, Obama, Reform, Lloyd Blankfein, Mortgage Related Swaps, Mortgages, Goldman Sachs, Aig, Mississippi, Bailout, Predatory Lending, Securities Act of 1933, Blankfein, Hank Paulson, Foreclosure, Housing Crisis, Goldman Sachs Mortgage, Real Estate, Wall Street, Tax Havens, Housing Market, Blue Chips, Calpers, Derivatives, Moody's, Offshore, Tim Geithner, High Yield Bonds, Hedges, Barack Obama, Nyse, Cayman Islands, Banks, Sec, Subprime Mortgage, Economy, Business News

WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...

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Shahien Nasiripour

Frank Says "Too Big To Fail" Bill Will Be Changed

HuffingtonPost.com | Shahien Nasiripour | Posted 10.30.2009 | Business

Read More: Wall Street Bailout, Tbtf, Bailout, Tim Geithner, Barney Frank, Too Big to Fail, John Dugan, Financial Crisis, Banks, Timothy Geithner, Sheila Bair, Business News

Democrats and Republicans ripped into Treasury Secretary Timothy Geithner during a Congressional hearing Thursday, as Geithner defended an administrat...

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Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business

Read More: Aig, Chrysler, Gm, Lehman Brothers, Federal Reserve Board, Tim Geithner, Barney Frank, Freddi Mac, Fannie Mae, Daniel Tarullo, Bailout, Too Big Too Fail, Geithner Testimony, House Financial Services Committee, Financial Crisis, Fiscal Policy, Business News

WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...

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AIG Swaps: New York Fed's Secret Choice To Pay For AIG Swaps Cost Taxpayers $13 Billion

bloomberg.com | Richard Teitelbaum and Hugh Son | Posted 10.27.2009 | Business

Read More: Elias Habayeb, Aig, Credit Default Swaps, American International Group, Tim Geithner, New York Federal Reserve Bank, Business News

Oct. 27 (Bloomberg) -- In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and h...

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

Bloomberg | Mark Fisher | Posted 10.26.2009 | Business

Read More: Geithner, John Thain, Hank Paulson, The Logical Trader, Bush, Bill Gross, Paulson, Bailouts, Economic Crisis, Bank of America, Aig, Obama, Bofa, Taxpayers, Barack Obama, Recession, Mark Fisher, Warren Buffet, Merrill Lynch, Wall Street, Bailout, Finance, Lehman Brothers, Fed, Tim Geithner, Bernanke, Treasury, Banks, Ben Bernanke, Business News

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...

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"Too Big To Fail" Legislation Is On The Way

New York Times | STEPHEN LABATON | Posted 10.26.2009 | Politics

Read More: Goldman Saks, Congress, Economy, Bailouts, Obama, Too Big to Fail Bill, Legislation, Ben Bernanke, Aig, White House, Bailout, Federal Reserve, Lehman Brothers, Bofa, Treasury, Gop, Consumer Protection Agency, Financial Crisis, Paul Volcker, Wall Street, Citigroup, Bank of America, Derivatives, Ben Bernanke Federal Reserve, Democrats, Recession, Barney Frank, House, House Financial Services Committee, Senate, Barack Obama, Tim Geithner, Banks, Bonuses, Too Big to Fail, Executive Pay, Politics News

A senior administration official said on Sunday that after extensive consultations with Treasury Department officials, Representative Barney Frank, th...

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Summers: Banks Are "Unintended Beneficiaries" Of The Bailout

The Huffington Post | Ryan McCarthy | Posted 11.02.2009 | Business

Read More: Tarp, Wall Street, Bailout, Lending, Tim Geithner, Financial Crisis, Henry Paulson, Banks, Ben Bernanke, Obama, Credit Markets, Lawrence Summers, Fiscal Policy, Business News

For Lawrence Summers, the president's economic adviser, the financial crisis is kind of like a military battle. Buried in this Wall Street Journal abo...

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Paul Volcker: How Obama Is Tuning Out The Former Fed Chairman

nytimes.com | LOUIS UCHITELLE | Posted 10.21.2009 | Business

Read More: Tim Geithner, Financial Reform, Federal Reserve, Banks, Obama Administration, Ben Bernanke, Paul Volcker, Lawrence Summers, Business News

Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in hi...

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Wall Street Is More of a Threat to Obama's Domestic Agenda than Afghanistan

Joseph A. Palermo | Posted 10.20.2009 | World

Read More: Matt Taibbi, Bill Clinton, Pecora Commission, Treasury Department, Sec, Joseph P. Kennedy, President Barack Obama, Cdos, Collateralized Debt Obligations, Larry Summers, Federal Reserve, Credit Default Swaps, Newt Gingrich, Fdr, Merrill Lynch, Goldman Sachs, Wall Street, Vietnam, Tim Geithner, Vice President Dick Cheney, Afghanistan, Timothy Geithner, Bear Stearns, Lyndon Johnson, Alan Greenspan, Securities and Exchange Commission, Too Big to Fail, President George W. Bush, Blue Dog Democrats, World News
Joseph A. Palermo

Whatever Obama decides to do in Afghanistan is of little consequence compared to Wall Street's ongoing "plutonomy."

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Too Big To Fail: The Secret Hank Paulson-Goldman Sachs Meeting In Moscow

Felix Salmon | Posted 10.20.2009 | Business

Read More: Goldman Sachs, Hank Paulson, Tim Geithner, Too Big to Fail, Andrew Ross Sorkin, Paulson-Goldman Sachs Meeting, Henry Paulson, Felix Salmon, Business News

Andrew Ross Sorkin's new book is out today, and breaks some pretty stunning news, dating from the end of June, 2008. At this point, we're still months...

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Shahien Nasiripour

Congressional Committees Quietly Kill Portion Of Derivatives Bill; No One Watching For Systemic Risk

HuffingtonPost.com | Shahien Nasiripour | Posted 10.17.2009 | Business

Read More: President, White House, Bankruptcy, Cftc, Derivatives, Bernanke, House Ag Committee, Federal Reserve, Regulation, Obama, Commodity Futures Trading Commission, Legislation, Aig, Lehman Brothers, Tim Geithner, House Agriculture Committee, Treasury, Ben Bernanke, Bear Stearns, House Bill, Bill, Otc Derivatives, House Financial Services Committee, Business News

Two congressional committees in charge of drafting legislation to regulate derivatives have quietly killed a provision that would allow the Federal Re...

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Too Big To Fail: The Best Quotes From Andrew Ross Sorkin's Book (PHOTOS)

Posted 10.16.2009 | Business

Read More: Lloyd Blankfein, Hank Paulson, Slidepoll, Stanley Druckenmiller, Jamie Dimon, Dick Fuld, JPMorgan Chase, Goldman Sachs, Gary Cohn, Morgan Stanley, Lehman Brothers, Tim Geithner, Andrew Ross Sorkin, Financial Crisis, Wachovia, Business News

New York Times scribe Andrew Ross Sorkin's much-anticipated book Too Big To Fail may be the closest we'll ever get to being a fly on the wall during l...

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Greenspan: Break Up Big Banks That Are "Too Big To Fail"

bloomberg.com | Michael Mckee and Scott Lanman | Posted 10.15.2009 | Business

Read More: Tim Geithner, Banks, Financial Crisis, Federal Reserve, Hank Paulson, Too Big Too Fail, Alan Greenspan, Business News

Oct. 15 (Bloomberg) -- U.S. regulators should consider breaking up large financial institutions considered "too big to fail," former Federal Reserve C...

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Watchdog: Geithner "Ultimately Responsible" For AIG Oversight Failure

AP | DANIEL WAGNER | Posted 10.14.2009 | Business

Read More: Federal Reserve, Treasury, Aig, AIG Oversight, Tim Geithner, Business News

WASHINGTON — Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators' failure to rein in massive bonus payments at American International Group because he led the agencies that provided AIG's lifelines, according to a bailout watchdog.

Geithner was president of the Federal Reserve Bank of New York before taking over at Treasury in January. He has said he did not learn until March about the $1.75 billion in bonuses and other compensation promised to AIG employees. But Geithner's subordinates at the New York Fed learned of the payments in November, according to Neil Barofsky, the special inspector general for the $700 billion financial bailout.

Even if no one told Geithner about the payments, "this is a failure of communication and a failure of management," Barofsky told the House Committee on Oversight and Government Reform on Wednesday. Geithner has been "the head of an organization that was involved in the bailout of AIG" since last September, he added.

A Treasury Spokeswoman would not address the comments about Geithner's leadership. She said in a statement that the Obama administration's pay czar continues to develop compensation plans for AIG and the other companies that received the costliest bailouts.

Geithner helped lead Fed efforts starting last fall to prop up AIG with billions in emergency financing. After becoming Treasury secretary, his department and the Fed continued unveiling new aid packages for AIG.

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Geithner Frequently Talks To Select Group Of Bankers

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

Read More: Timothy Geithner Wall Street, Geithner, Timothy Geithner Bankers, Tim Geithner, Geithner Ap Investigation, Timothy Geithner, Geithner Wall Street, Geithner Talks to Bankers, Geithner Bankers, Business News

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

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Financial Reform: Political Will For Change May Be Disappearing

ft.com | Norma Cohen | Posted 10.07.2009 | Business

Read More: Alistair Darling, Financial Reform, Economy, Tim Geithner, Banking Regulation, Imf, g20, Financial Regulation, Business News

As the world's banking system teetered on the brink of collapse just about a year ago, there were widespread, heartfelt, calls for reform. Politici...

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Obama Should Adopt the "Public Option" in Afghanistan

Leon T. Hadar | Posted 10.02.2009 | Politics

Read More: John McCain, The Surge, Foreign Policy Elites, President Barack Obama, Democrats, Bush, Afghanistan War, Foreign Policy, Iraq War, Conservatives, President George W, Vietnam War, Tim Geithner, Walter Lippmann, Stanley McChrystal, Neoconservatives, Hillary Clinton, Washington Post, Republicans, Politics News
Leon T. Hadar

Will Obama disappoint the foreign policy elites or will he, like Bush, send a "Drop Dead" message to the American people?

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Goldman Sachs In Vanity Fair: Andrew Ross Sorkin Details Secret Meetings During Financial Crisis

Posted 09.30.2009 | Business

Read More: Goldman Sachs, Tim Geithner, Vanity Fair, Andrew Ross Sorkin, New York Times, Financial Crisis, Henry Paulson, Federal Reserve, Wachovia, Citigroup, Business News

Add The New York Times' Andrew Ross Sorkin to the list of writers who've pondered the mystery of Goldman Sachs. The latest issue of Vanity Fair h...

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