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Treasury Department

Mining Geithner's Daybook

Bradley W. Bloch | Posted 05.31.2009 | Politics

Read More: Arlen Specter, Treasury Department, Timothy Geithner, Sunlight Foundation, Semantic Web, Kirsten Gillibrand, Social Networking, Tim Berners-Lee, Politics News
Bradley W. Bloch

While the prospect of having the public leaf through one's daybook may send chills down the spines of public officials, this level of public exposure is the wave of the future.

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Obama Administation Allowing GM, Chrysler to Blackmail Their Dealers

Steve Parker | Posted 05.29.2009 | Business

Read More: Treasury Department, General Motors, Chrysler, Fritz Henderson, President Obama, Cars, Detroit-Bankruptcies, Chrysler Fiat Deal, Detroit-Michigan, Business News
Steve Parker

Obama could still encourage the bankruptcies for GM and Chrysler, but should also order bankruptcy judges to not let the companies avoid their responsibilities to their franchised dealers.

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Treasury Unveils New Aid Program To Help People With Second Mortgages

Bloomberg | Rebecca Christie and Jody Shenn | Posted 05.29.2009 | Business

Read More: Mortgae Aid Plan, Treasury Department, Housing Crisis, Treausury Plan for Second Mortages, Tim Geithner, Mortgage Crisis, Business News

The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure, offering cash to servicers, investors...

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Chrysler's Creditors Agree To Deal With Treasury To Reduce Company's Debt

AP | STEPHEN MANNING and DAN STRUMPF | Posted 05.29.2009 | Business

Read More: Chrysler Bankruptcy, Treasury Department, Chrysler, Chrysler Debt, Chrysler Creditors, Business News

WASHINGTON — With just two days left before a government-imposed restructuring deadline, Chrysler LLC took a step away from the brink of bankrup...

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Treasury Needs $361B More

AP | MARTIN CRUTSINGER | Posted 05.28.2009 | Business

Read More: Treasury Department, Treasury Borrowing, Treasury Secretary, Treasury Needs Money, Treasury, Business News

WASHINGTON — The Treasury Department said Monday it will need to borrow $361 billion in the current April-June quarter, a record amount for that...

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Treasury Makes A New Offer To Chrysler Lenders

AP | Posted 05.23.2009 | Business

Read More: Treasury Department, Banks, Chrysler, Chrysler Lenders, Business News

LOS ANGELES — The Treasury Department lobbed back a new offer to Chrysler LLC's lenders, proposing that banks and hedge funds which hold $6.9 bi...

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Geithner: US Bears Substantial Share Of Blame For Financial Crisis

Reuters | Posted 05.23.2009 | Business

Read More: Economic Crisis, Economy, Treasury Department, Financial Crisis, Us Blame Financial Crisis, Tim Geithner, Tim Geithner Financial Crisis, Global Economic Crisis, Business News

Treasury Secretary Timothy Geithner said on Wednesday that the United States bears a substantial share of the blame for the current economic crisis bu...

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Thievery Under the TARP

Robert Scheer | Posted 05.22.2009 | Business

Read More: Inspector General, Geithner, Goldman Sachs, Barofsky, Paulson, Treasury Department, Scheer, Aig, Tarp, Business News
Robert Scheer

A new scathing report by the Treasury Department's special inspector general claims that the aptly named Troubled Asset Relief Fund bailout program is rife with mismanagement and potential for fraud.

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A Call For Questions For Timothy Geithner

Richard H. Neiman | Posted 05.21.2009 | Politics

Read More: Tarp, Treasury Department, Tarp Oversight Board, TARP Money, Ask Tim Geithner a Question, Timothy Geithner, Congressional Oversight Hearings, Treasury Secretary, Politics News
Richard H. Neiman

I am one of the five members of the Congressional Oversight Panel for TARP, and I would like the people who are living with this recession to get a chance to ask their questions to Geithner.

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Fed Tells Banks To Keep Quiet On Stress Tests

Bloomberg | Bradley Keoun and Scott Lanman | Posted 05.10.2009 | Business

Read More: Treasury Department, Stress Tests, Us Treasury, US Banks, Bank Stress Tests, Business News

The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of "stress tests" that will gaug...

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How the Toxic Asset Plan Will Magically Make Your Money Disappear

Cenk Uygur | Posted 05.09.2009 | Business

Read More: Treasury Department, Robbery, Private Investors, Fdic, Barack Obama, Tim Geithner, Toxic Asset Plan, Business News
Cenk Uygur

The toxic asset plan will pick your pocket to pay off some of the richest people in America. If you think that makes sense, then you deserve to have your pocket picked.

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Five Billion Dollar Automaker Scheme

news.yahoo.com | 1 Hr 16 Mins Ago | Posted 05.09.2009 | Business

Read More: Auto Bailout, Treasury Department, Auto Industry, Business News

WASHINGTON (AFP) -- The US Treasury Department Wednesday launched a five-billion-dollar scheme to guarantee product payments to embattled auto supplie...

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Bilking The Summers-Geithner Plan: How Wall Street Will Use It For Profit

The Boston Globe | Laurence J. Kotlikoff | Posted 05.09.2009 | Business

Read More: Toxic Assets, Treasury Department, Summers-Geithner Plan, Timothy Geithner, Treasury-Plan, Toxic Assets Plan, Lawrence Summers, Federal Financial Authority, Limited Purpose Banking, Business News

IT'S ONE thing for the US Treasury Department to overpay banks for their toxic assets on the prayer that bank shareholders will do something besides p...

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Gaming the Bailout: How Washington Continues Making The Saudi Arabia of Bond Funds Ever Richer

Raymond J. Learsy | Posted 05.04.2009 | Business

Read More: AIG Countrerparty, Aig, Cnbc, Goldman Sachs, Wall Street, Pimco, Bill Gross, Wasll Steet Journal, Hank Paulson, Fannie Mae, New York Times, Talf, Bailout, Freddie Mac, Financial Crisis, Larry Summers, Tim Geithner, Treasury Department, Wall Street Journal, Saudi Arabia, Business News
Raymond J. Learsy

To see how access, power, and influence over the government and media is literally lifting billions from the pockets of taxpayers, one need not look further than a firm called PIMCO.

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Should We Be Grateful to China for Buying U.S. Treasuries?

Scott Lilly | Posted 05.02.2009 | Politics

Read More: Treasury Department, Politics, Budget Deficit, Trade Deficit, Trade, China, Economy, US Treasuries, Politics News
Scott Lilly

Read the entire report at AmericanProgress.org. The current economic relationship between the United States and China is perilous for both countries....

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Sam Stein

Bank Rescue 2.0: Treasury Could Dump Toxic Assets Online

HuffingtonPost.com | Sam Stein | Posted 05.02.2009 | Politics

Read More: Treasury Department, Geithner Toxic Assets, Toxic Assets Online, Treasury Proposal, Tox Assets Public, Online Assets, Treasury Banks, Timothy Geithner, Bank Relief, Toxic Assets Plan, Politics News

The Treasury Department is not ruling out (though, not endorsing either) a novel proposal floated in small circles of tech/finance experts: to post Wa...

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Jason Linkins

Maddow, Taibbi Torch Obama Treasury Picks

HuffingtonPost.com | Jason Linkins | Posted 05.02.2009 | Politics

Read More: Matt Taibbi, Video, Rachel Maddow, Neal Wolin, Economic Crisis, Treasury Department, Wall Street, Barack Obama, Mediawatch, Politics News

The extraordinary faith-slash-naivete-slash-stupidity that the Obama administration is showing in the people who made every day April Fools Day for ou...

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Ryan Grim

TARP Watchdog: "We Do Not Seem To Be A Priority For The Treasury Department"

HuffingtonPost.com | Ryan Grim | Posted 05.01.2009 | Politics

Read More: Tarp, Treasury Department, Elizabeth Warren, Tarp Auditor, Timothy Geithner, Politics News

Elizabeth Warren, in charge of oversight of the financial industry bailout, told a congressional panel Tuesday that the Treasury Department has not be...

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Sam Stein

FinancialStability.gov: Treasury Launching Major New Site With TARP, Contract Info

HuffingtonPost.com | Sam Stein | Posted 05.01.2009 | Politics

Read More: TARP Program, Treasury Department, Trearuy, Financial stability.gov. Financial Stability, Treasury Website, Politics News

The Treasury Department is launching a new interactive website on Tuesday that officials say will bring unprecedented amounts of transparency to the a...

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Sam Stein

Geithner: Gov't Must Not Let Up, Banks Need To Start "Taking Risks Again"

HuffingtonPost.com | Sam Stein | Posted 04.29.2009 | Politics

Read More: Treasury Department, Timothy Geithner, Tim Geithner, Treasury Secretary, Economy, Politics News

In his first major Sunday show appearances, Timothy Geithner laid out the policy arguments for the administration's toxic-asset plan, detailed the lon...

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Real Money vs. Real Anger

Max Fraad Wolff | Posted 04.26.2009 | Business

Read More: Debt, Treasury Department, Gdp, Unemployment, Fdic, Profit, Aig, Federal Reserve, Banks, Business News
Max Fraad Wolff

An angry public is getting distracted hunting evil doers that really don't matter much in the grander national scheme.

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Krugman: Obama, Geithner Need To Stop Taking "Half-Measures" On Economy

ABC News | Scott Mayerowitz | Posted 04.25.2009 | Business

Read More: Treasury Department, Paul Krugman, Recession, Economy, Tim Geithner, Barack Obama, Business News

Nobel Prize-winning economist Paul Krugman said President Obama needs to lift the confidence of the American people and "to prepare public opinion for...

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AIG and the Rest of the Looters

Rick Horowitz | Posted 04.24.2009 | Business

Read More: Rentention Bonuses, Treasury Department, Barney Frank, Federal Reserve, Larry Summers, Paul Kanjorski, Congress, Bush Administration and AIG, American International Group, Barack Obama, Lawrence Summers, Obama Administration and AIG, Performance Bonuses, Aig, Andrew Cuomo, Tim Geithner, Timothy Geithner, Ben Bernanke, Edward Liddy, Secretary of the Treasury, House Financial Services Committee, Bailout Bandits, Business News
Rick Horowitz

What if the regulators were better rewarded for their efforts? Much better rewarded? What if they could keep some hefty percentage of the proceeds of every scam they uncovered, every scheme they shut down?

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Sam Stein

McCain Economic Adviser: Let Insolvent Banks Fail

HuffingtonPost.com | Sam Stein | Posted 04.24.2009 | Politics

Read More: Obama Financial Plan, Solvent Banks, Npr, Banks Failure, Douglas Holtz Eaken, Npr Interview, Treasury Department, Obama Treasury, Holtz-Eaken, Politics News

Sen. John McCain's chief economist during the campaign is sounding a tune on the financial crisis that endears him to some of the progressives he once...

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Obama Starts Filling In Treasury Department Holes

AP | Posted 04.24.2009 | Politics

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Stuart Levey, Neal Wolin, U.S. Treasury, Barack Obama, Deputy Treasury Secretary, Lael Brainard, Tim Geithner, Treasury, Timothy Geithner, Us Treasury, Treasury Secretary, Politics News

WASHINGTON — President Barack Obama on Monday moved to fill three top jobs at the Treasury Department to help Secretary Tim Geithner manage the ...

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