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Tim Geithner

Thank You, Paul Ryan

Robert Kuttner | Posted 11.16.2012 | Politics
Robert Kuttner

Given the importance of Social Security to regular Americans and its partisan value to Democrats since Franklin Roosevelt, no sane Democrat should be associated with these efforts. But in an age of Citizens United and unlimited corporate donations, where Obama tacks back and forth between criticizing Wall Street and soliciting Wall Street executives for campaign funds, it is all too tempting to demonstrate fiscal "soundness" by joining this parade. Thanks to Paul Ryan, however, the president may be spared again. The association of Romney-Ryan with the gutting of Medicare and Social Security offers just too tempting a political target to throw away for the sake of impressing Simpson, Bowles, and their corporate cronies. Or so we must hope.

President Jill Stein?

Carl Gibson | Posted 11.13.2012 | Politics
Carl Gibson

Jill Stein is a candidate that the other 90 million of us can get excited about. Picture the populist candidate Barack Obama once was in 2008, minus the financial support from Wall Street banks and oil companies, and the fawning coverage from mainstream media outlets.

Banker: I Warned Of Libor Fraud In 1996

Mark Gongloff | Posted 11.04.2012 | Business
Mark Gongloff

We just keep learning new ways that everybody on earth, aside from Tim Geithner, knew of the risk of Libor manipulation years and years ago.

The Massive Hypocrisy of the 'Seeking Alpha' Conference

Dan Solin | Posted 10.07.2012 | Business
Dan Solin

those attending presumably assumed they were there to learn from real "alpha" experts, which is a fancy term describing the value added by a fund manager over its designated benchmark. They must have been disappointed.

"F" The Bureaucracy - The White House Can Help Homeowners Right Now

Richard (RJ) Eskow | Posted 10.01.2012 | Politics
Richard (RJ) Eskow

President Obama can make the moral case for America's homeowners in a clear, strong voice. So far he hasn't done that -- partly because some key members of his team buy into the unfair notion that underwater homeowners, unlike Wall Street bankers, don't deserve to be helped.

Edward DeMarco's Biggest Enemies

The Huffington Post | James Sunshine | Posted 08.01.2012 | Business

Principal reduction has been a sticky enough topic for Ed DeMarco. It just got even stickier. The director of the Federal Housing Finance Agency an...

Ben Hallman

Top Housing Official Defies Treasury | Ben Hallman | Posted 09.30.2012 | Business

In a move that brings two federal agencies as close to warfare as possible within the confines of bureaucratic memos, the Treasury Department called o...

Geithner: Regulators Dragged Feet On LIBOR Scandal Because 'These Things Take Time'

AP | MARCY GORDON | Posted 07.26.2012 | Business

WASHINGTON -- Treasury Secretary Timothy Geithner says regulators waited four years to penalize Barclays bank for trying to manipulate a key global be...

Barney Frank: Blame Republicans, Not Tim Geithner For Libor Scandal

The Huffington Post | Bonnie Kavoussi | Posted 07.26.2012 | Business

Rep. Barney Frank (D-Mass.) would like you to know that the Libor scandal isn't really Timothy Geithner's fault. Frank, the co-author of the Dodd-...

Fire Tim Geithner

Craig Crawford | Posted 09.24.2012 | Politics
Craig Crawford

If President Obama really gives a damn about the middle class, as he and his campaign now relentlessly tell us, why keep the man who has done more tha...

Sam Stein

Romney Called Geithner's Tax Evasion Allegations 'Disqualifying' | Sam Stein | Posted 07.25.2012 | Politics

WASHINGTON -- In the early days of his confirmation process, Treasury Secretary Timothy Geithner faced heaps of criticism over reports of his failure ...

Jason Linkins

Neil Barofsky's 'Bailout' As An Anthropological Study Of Washington's Awfulness | Jason Linkins | Posted 07.25.2012 | Politics

Neil Barofsky, who served as the special inspector general for the Troubled Asset Relief Program from December of 2008 to February 14, 2011, has a new...

Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount

Mark Gongloff | Posted 09.24.2012 | Business
Mark Gongloff

The government knowingly used an artificially low interest rate when setting bailout terms for big banks and insurance giant AIG, costing taxpayers millions, maybe billions.

The Fiscal Cliff and the Political Chasm

Robert Kuttner | Posted 09.21.2012 | Politics
Robert Kuttner

For more than a decade, deficit hawks and their allies in the media have been promoting a grand bargain whereby Republicans agree to tax hikes and Democrats agree to cut social programs like Social Security and Medicare. That, in turn, will put the deficit on a downward path and presumably restore economic growth. The trouble with this premise is that the current deficit is mainly the result of the recession itself plus the Bush tax cuts and military spending increases. It has nothing to do with Social Security; the projected increases in Medicare spending are only the result of failure to tackle deeper health care reform.

Treasury Report: Libor Rate Flawed, Poses Risk To Financial Markets

AP | MARCY GORDON | Posted 09.19.2012 | Business

WASHINGTON (AP) — The process for setting a key global interest rate is flawed and poses a risk to the stability of financial markets, according to ...

Mark Gongloff

Treasury Ignored Mortgage Fraud Warnings: Book | Mark Gongloff | Posted 07.20.2012 | Business

If the Obama administration's mortgage-relief program has been a bit of a flop, it didn't have to be so. In a new book, TARP's former inspector gen...

Mark Gongloff

Geithner Loses It On TARP Inspector General | Mark Gongloff | Posted 07.19.2012 | Business

"I never would have imagined that one day one of the most powerful government officials in the world would be dropping f-bombs on me." That's Neil ...

Tim Geithner Defends His Role In The Libor Scandal

The Huffington Post | Bonnie Kavoussi | Posted 09.17.2012 | Business

Timothy Geithner defended his role in the growing Libor scandal on Wednesday, telling CNBC that he acted "early" and forcefully" after learning that b...

Ryan Grim

Documents Show Geithner's Libor Recommendations Came Straight From Banks | Ryan Grim | Posted 07.16.2012 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner has so far escaped responsibility for the spreading Libor fixing scandal by releasing documents show...

Mark Gongloff

'We Know We're Not Posting An Honest Libor' | Mark Gongloff | Posted 07.13.2012 | Business

The New York Federal Reserve on Friday released documents showing it knew banks were manipulating a key interest rate more than four years ago. The...

Tim Geithner Had Questions About Libor's 'Integrity' In 2008

The Huffington Post | Alexander Eichler | Posted 07.13.2012 | Business

Nobody in their right mind would want to become part of the Libor rate-rigging scandal. But that's what's happening to Treasury Secretary Timothy Geit...

D.M. Levine

Guess Who Just Got Snagged In The Libor Scandal? | D.M. Levine | Posted 07.10.2012 | Business

As president of the New York Federal Reserve before and during the financial crisis, Treasury Secretary Timothy Geithner met repeatedly with Barclays ...

Jason Linkins

Health Care Reform Reshuffles The Presidential Race | Jason Linkins | Posted 07.01.2012 | Politics

Your Speculatroners knew that we'd be leading off our wrap-up of this week in the 2012 campaign with a discussion of the Supreme Court's ruling on hea...

Time to Put Finance Back in Its Cage

Robert Kuttner | Posted 08.17.2012 | Business
Robert Kuttner

It's not that economies are too slow to appease markets. It's that the markets have too much power to destroy economies. Let's not forget -- this entire crisis was caused because markets mispriced risk.

Dimon, Simpson, Geithner: This Week's Three Horsemen of the Corporate-Politics Apocalypse

Richard (RJ) Eskow | Posted 08.15.2012 | Politics
Richard (RJ) Eskow

This year it's going to be incumbent on the Democratic Party to prove that it's something more than the oligarchy's more genteel rubber stamp. And it's not going to be able to do that unless it rejects the wildly unpopular and unfair Simpson-Bowles plan.