Treasury Secretary

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Bank Lending Down Despite Massive Bailouts And Increasing Regulations

bloomberg.com | Rich Miller | Posted 11.09.2009 | Business

Read More: Goldman Sachs, JP Morgan, Subprime Mortgages, Tim Geithner, Bank of America, Financial Crisis, Credit Crisis, Treasury Secretary, Fiscal Policy, Business News

While financial institutions including Citigroup Inc. and Bank of America Corp. have received more than $200 billion in capital from the government, t...

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State and Local Housing To Get $35 Billion Boost

wsj.com | DEBORAH SOLOMON | Posted 09.28.2009 | Business

Read More: Treasury Department, Mortgage Crisis, Obama Administration, Timothy Geithner, Housing Finance Agencies, Housing Crisis, Treasury Secretary, Business News

WASHINGTON -- The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to ...

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Fed Rejects Geithner's Request To Review Central Bank's Operations

bloomberg.com | Craig Torres and Robert Schmidt | Posted 09.21.2009 | Business

Read More: Federal Reserve, Federal Reserve Board, Tim Geithner, Treasury Secretary, Fed, Business News

Sept. 21 (Bloomberg) -- The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the centra...

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Obama Swiftboats Van Jones

Linda Milazzo | Posted 10.22.2009 | Politics

Read More: Contractors, Fox News, Humanitarian, Green Jobs, Darfur, War, Drug Companies, Progressives, Private Insurers, Swiftboat, Drones, Van Jones, Barack Obama, Obama Administration, Civilians, Howard Dean, Samantha Power, Mercenaries, Chris Wallace, Vietnam, Tim Geithner, Woodstock, Genocide, Afghanistan, Ryan Grim, Glenn Beck, Hillary Clinton, Treasury Secretary, Healthcare, Taking Woodstock, Countdown, Keith Olbermann, Msnbc, Politics News

Van Jones' resignation isn't a testament to the frenetic dry-drunk tirades of a delusional Fox employee. It is due to the Obama administration's failure to rightfully and necessarily defend a valuable member of its team.

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'Government Sachs' Strikes Gold ... Again

Robert Scheer | Posted 08.14.2009 | Business

Read More: Robert Scheer, Henry Paulson, Bailout, Goldman Sachs, Economy, Lehman Brothers, Aig, Timothy Geithner, Obama, Treasury Secretary, Glass-Steagall, Business News

The federal government works for Goldman and not for us. Indeed, when it comes to the banking bailout, Goldman Sachs is the government.

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Treasury Announces List Of PPIP Fund Managers

AP | Martin Crutsinger and Daniel Wagner | Posted 08.08.2009 | Business

Read More: Ppip, Public-Private Investment Program, Treasury Department, Rialto Capital Management, Tim Geithner, Alliancebernstein, Treasury Secretary, Business News

WASHINGTON (AP) -- The Treasury Department on Wednesday selected nine large investment managers to operate funds for a long-awaited program to buy tox...

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Geithner Talks China, Recession, Federal Deficit (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 07.03.2009 | Business

Read More: Treasury Department, GM Bankruptcy, Tim Geithner, Timothy Geithner, Geithner China, Treasury Secretary, Business News

Treasury Secretary Timothy Geithner appeared on CNBC this morning and discussed the GM bankruptcy, economic relations with China, and the ballooning F...

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Geithner: China Should Decrease Exports

wsj.com | MICHAEL M. PHILLIPS | Posted 06.28.2009 | Business

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Federal Budget Deficit, Hu Jintao, Chinese Economy, Premier Wen Jiabao, Timothy Geithner, Chinese Exports, China, Treasury Secretary, Business News

WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

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Washington's Grim Economic Prospects

Eric C. Anderson | Posted 06.27.2009 | Politics

Read More: National Debt, Economic Stimulus Package, Inflation, Treasury Secretary, Economic Crisis, Politics News

Over the last year Iceland, Ireland, and Spain have been confronted with diminished credit ratings. Could the same thing happen to the United States?

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Stress Test for U.S. Banks Is a Complete Fraud

Sheldon Filger | Posted 06.12.2009 | Business

Read More: Aig, Stress Tests, Warren Buffet, Derivatives, Bank Stress Tests, Federal Reserve, Financial Crisis, Credit Default Swaps, Timothy Geithner, Ben Bernanke, Citigroup, Global Economic Crisis, J.P. Morgan Chase, Treasury Secretary, Business News

It is the fear of the derivatives toxin that has frozen credit markets, leading to the Global Economic Crisis. Geithner's stress test can't fix the calamitous state of the U.S. banking sector.

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Wall Street, DC, and the New Financial Euphoria

Arianna Huffington | Posted 06.11.2009 | Business

Read More: Banks, Wall Street Euphoria, Wall Street, Tim Geithner, John Kenneth Galbraith, Galbraith, Financial Crisis, Global Financial Crisis, Treasury Secretary, Business News

I spent last week in New York and Washington, speaking with many erstwhile Masters of the Universe and those charged with cleaning up the mess they've created. And in both cities I was stunned by how many Wall Street and political insiders were ready to break out the champagne. Forgive me if I keep the bubbly on the shelf. READ MORE Ending the War on Drugs: The Moment is Now When it comes to addressing America's disastrous war on drugs, the Obama administration is saying the right things. But when it comes to putting its rhetoric into action, the administration has faltered. Is the Obama administration really committed to a fundamental shift in America's approach to drug policy or is this about serving up a kinder, gentler drug war? READ MORE

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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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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

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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Treasury Revisits Rules For Toxic-Asset Sales

Wall Street Journal | MAYA JACKSON RANDALL | Posted 05.07.2009 | Business

Read More: Treasury Secretary, Toxic Asset Sales, Economic Crisis, Treasury, Financial Crisis, Toxic Assets, Banking Crisis, Rules for Toxic Asset Sales, Tim Geithner, Business News

The Treasury Department, facing criticism over its bank-rescue program, said it may allow a broader group of private investors to purchase toxic secur...

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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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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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Bloomberg for Treasury Secretary

Alan Schram | Posted 04.23.2009 | Business

Read More: Aig, Buffett, Wall Street, Business News, Bloomberg, Bonuses, Geithner, Treasury Secretary, Financial Crisis, Milken, Greenhill, Business News

We simply cannot afford to have a distracted, hobbled Treasury Secretary who does not have the trust of markets or members of Congress. Mr. President, call Gracie Mansion.

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Treasury: Okay, Who's Good With Numbers?

Jerome Halligan | Posted 04.18.2009 | Comedy

Read More: Treasury Department, Timothy Geithner, Treasury Secretary, Economy, Tim Geithner, Economic Crisis, Satire, Comedy News

Treasury Secretary Timothy Geithner held a press conference today to announce a need on the part of the Treasury for "people good with numbers, figures, economics - things of that nature."

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Geithner: Global Financial Crisis "Still Evolving"

AP | Posted 04.14.2009 | Business

Read More: Financial Crisis, Treasury Department, Global Financial Crisis, Timothy Geithner, Treasury Secretary, Business News

U.S. Treasury Secretary Timothy Geithner says the global economy is in a "challenging period" and that the crisis is "still evolving." Speaking follo...

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My Advocacy On Behalf of Minority and Community Banks

Rep. Maxine Waters | Posted 04.13.2009 | Politics

Read More: National Banker Association, Maxine Waters, Treasury Secretary, Treasury OneUnited, Politics News

Despite my public and consistent advocacy, news reports suggest that somehow I have acted improperly in advocating on behalf of minority banks. Let me set the record straight.

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Levin In Talks With Treasury To Kill Tax Break For Financiers

HuffingtonPost.com | Ryan Grim and Julie Satow | Posted 04.11.2009 | Politics

Read More: Taxes, Investing, Wall Street, Budget, Tax Cuts, Obama Budget, Sandy Levin, Capital Gains, Paul Ryan, Representative Sandy Levin, Treasury Secretary, Politics News

It took an unlikely alignment of events to create a situation where venture capitalists and private equity managers could pay a lower tax rate than th...

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Geithner Operating With A Skeleton Crew Of Unofficial Senior Advisers

New York Times | EDMUND L. ANDREWS and STEPHEN LABATON | Posted 04.09.2009 | Business

Read More: Treasury Staffing, Treasury Department, Economic Crisis, Timothy Geithner, Obama Administration, Obama and Financial Crisis, Treasury Secretary, Barack Obama, Business News

Rarely have so few people had so little time to prop up so many pillars of the economy as those in the Treasury Department under Timothy F. Geithner. ...

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While the Economy Tanks, the President's Team Dawdles

Ann Pettifor | Posted 03.31.2009 | Business

Read More: Interest Rates, Debt, Deflation, Deflationary-Spiral, Financial Crisis, Federal Reserve, Larry Summers, Treasury Secretary, Business News

The stock market knows what Treasury still needs to admit: the banks are bust. Their CEOs lack all credibility. Until they are nationalized the Dow will continue its very rational path downwards.

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Volcker: 'Shameful' That Treasury Is Understaffed

ABC | Posted 03.29.2009 | Politics

Read More: Treasury Department, Obama Volcker, Paul Volcker Barack Obama, Tim Geithner, Timothy Geithner, Treasury Department Understaffed, Paul Volcker, Treasury Secretary, Paul A. Volcker, Joint Economic Committee, Politics News

Sounding off on hiring problems that we reported earlier this week, a leading economic adviser to President Obama today said it was "shameful" that th...

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Geithner's Private Investment Fund Details Revealed

Financial Times | Krishna Guha | Posted 03.27.2009 | Business

Read More: Tim Geithner Bailout, Timothy Geithner, Timothy Geithner Treasury Secretary, Geithner Private Investment Fund, Geithner Plan, Treasury Secretary, Geithner Bailout, Private Investment Fund, Business News

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...

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