Treasury Department

Perception Surges & Reality Retreats

Max Fraad Wolff | Posted 05.29.2008 | Politics


Max Fraad Wolff

There is an unusual disconnect between general opinion, policy and reality.

The IMF's Historic Transition: Is Less Better?

Mark Weisbrot | Posted 04.28.2008 | Business


Mark Weisbrot

Despite the bravado, today's IMF is not what it once was. These days, the deficit police force is running a whopping small-country-size $400-million annual deficit of its own.

Treasury Department Seeking New Powers For Fed

New York Times | EDMUND L. ANDREWS | Posted 03.28.2008 | Business


The Treasury Department will propose on Monday that Congress give the Federal Reserve broad authority to oversee financial market stability, in effect...

Exclusive: Bear Stearns Employees Already Financially Raped, Now Possibly Enslaved

Jill Brooke | Posted 03.25.2008 | Business


Jill Brooke

JP Morgan CEO Jamie Dimon has called CEOs of investment banks saying that it would be "unpatriotic" to go after Bear Stearns employees until he has had first choice over who to keep and who to fire.

JPMorgan Raises Bear Purchase Price

AP | JOE BEL BRUNO | Posted 03.24.2008 | Business


NEW YORK — JPMorgan Chase & Co.'s higher offer for Bear Stearns on Monday gave the investment bank control of nearly 40 percent of its ailing ri...

Bush Proposals Seen As Too Little, Too Late

Los Angeles Times | Peter G. Gosselin, Maura Reynolds | Posted 03.14.2008 | Business


Amid new signs of financial turmoil, the Bush administration Thursday raised the prospect of tighter regulation of U.S. financial markets. But it once...

Federal Budget Deficit Swells to $263.3B

AP | JEANNINE AVERSA | Posted 03.12.2008 | Business


WASHINGTON — The Treasury Department says the federal deficit swelled to $263.3 billion in the first five months of this budget year as record s...

New Mortgage Rescue Goes Beyond Subprime

AP | MARCY GORDON | Posted 02.11.2008 | Business


With mortgage defaults surging and politicians urging the industry to do more, six lenders agreed to widen their effort to help borrowers of all loans...

Rebates: What You Need To Know

CNN Money | Jeanne Sahadi | Posted 02.08.2008 | Business


Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy. The plan's centerpiece: tax rebates. ...

Quickfixonomics: Fannie Mae And Freddie Mac?

Jacki Zehner | Posted 01.25.2008 | Business


Jacki Zehner

Mortgage giants are in deep trouble already. To include them in quickfixonomics would be an irresponsible act.

Citi, Bank Of America, J.P. Morgan Set Up Debt Rescue Funds

CNN/Money | Grace Wong | Posted 10.15.2007 | Business


Wall Street banks made a big move Monday to shore up a key short-term financing market, but it remains to be seen whether the effort will calm investo...


 

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