Us Treasury

Patriotism, Wall Street, You and Me

Stephen Gyllenhaal | Posted 10.13.2009 | Business


Stephen Gyllenhaal

A Vanity Fair piece chronicles in a very personal way what happened with the key players as the markets were melting last fall.

The Shock and Awe of a Second Financial Meltdown

Stephen Gyllenhaal | Posted 09.22.2009 | Business


Stephen Gyllenhaal

I have this nasty feeling that on the right, the big boys are happier than ever -- no reforms, no meddling in the existing structure and the memory fast fading of who actually caused that last meltdown.

Kenneth Rogoff: Opinion: Why We Need To Regulate Banks Sooner, Not Later

Financial Times | Keneth Rogoff | Posted 09.20.2009 | Business


When in doubt, bail it out," is the policy mantra 11 months after the September 2008 collapse of Lehman Brothers. With the global economy tentatively ...

Freddie Mac To Tap $6.1 Billion More In Treasury Capital

AP | ALAN ZIBEL | Posted 06.12.2009 | Home


WASHINGTON — Mortgage giant Freddie Mac is looking for $6.1 billion in additional government aid as the cost to taxpayers from the housing marke...

Fed Tells Banks To Keep Quiet On Stress Tests

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


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...

My April Fool's Prank on NPR

Andy Borowitz | Posted 04.02.2009 | Comedy


Andy Borowitz

On NPR yesterday, I revealed that the U.S. Treasury is also running an elaborate Ponzi scheme, selling worthless pieces of paper called "U.S. Treasuries" to unsuspecting investors.

Mortgage-Backed, My Assets!

Patrick O'Sullivan | Posted 04.26.2009 | Comedy


Patrick O'Sullivan

Baby Back Securities: Melt in your mouth, not on your balance sheet. These choice, succulent, tainted assets are smothered in Tim Geithner's own secret recipe sauce (just watch it trickle down!) then slow-grilled to perfection.

Obama Starts Filling In Treasury Department Holes

AP | Posted 04.24.2009 | Politics


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

Dem Rep. Waters Blasts Obama Admin: "They've Got Some Explaining To Do"

The Plum Line | Posted 04.20.2009 | Politics


A Democratic member of Congress today launched a blistering attack on President Obama and the Treasury Department over the AIG mess, becoming the firs...

House of Chutzpah, House of Cards, or Back to the Future Again

Jessica Catto | Posted 04.18.2009 | Politics


Jessica Catto

The disgust burbled up at the callousness of Enron; it has been simmering ever since, and with AIG it has boiled over.

NY Lottery Considers $37 Million Gamble: May Dump Treasuries For Riskier Assets

Bloomberg | Michael Quint | Posted 03.13.2009 | Business


Feb. 10 (Bloomberg) -- The New York Lottery is proposing a gamble where the odds aren't always in its favor -- moving its $1.3 billion prize fund into...

TARP is Welfare; Control It

Leo W. Gerard | Posted 03.09.2009 | Business


Leo W. Gerard

Taxpayers, who despise the notion of welfare queens, should demand Congress "discredit" and dethrone the kings of Wall Street.

Bush Treasury Overpaid For Bank Stocks: Watchdog Elizabeth Warren

AP | JIM KUHNHENN | Posted 03.08.2009 | Business


WASHINGTON — The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government wa...

Government Watchdog: TARP Still Lacks Transparency, Accountability

Wall Street Journal | MICHAEL R. CRITTENDEN | Posted 03.02.2009 | Business


The U.S. Treasury's financial-rescue plan remains an incomplete operation, plagued by backlogs and a lack of clear mission, a government watchdog said...

US Debt May Soar By $2 Trillion In 2009

Washington Post | Lori Montgomery | Posted 02.03.2009 | Business


With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the...

Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 12.26.2008 | Business


Leo W. Gerard

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 12.24.2008 | Media


Disgrasian

Last week, Neel Kashkari appeared before Congress, where he was called a "chump" by Maryland Dem Elijah Cummings.

Kashkari: One Of People's Sexiest Men Alive

Silicon Alley Insider | Caroline Waxler | Posted 12.21.2008 | Business


This explains why he got such a harsh grilling the other day in Congress. Nobody likes a pretty boy! Wonder if he knew in his Ferrari-posing high sch...

America: Get Your Financial Act Together

Diane Francis | Posted 12.19.2008 | Business


Diane Francis

It would be as irrational to allow the Ayatollahs to build bombs as it would be to allow Wall Streeters to run amok again building their weapons of financial mass destruction.

Paulson Deal Cheats American Taxpayers

Leo W. Gerard | Posted 11.30.2008 | Business


Leo W. Gerard

We need to bury the philosophy that worships only business, free markets, deregulation and free trade, and replace it with an economic program that rebuilds the middle class.

AIG Woes To Cost RTA Millions

AP | Posted 04.17.2009 | Chicago


CHICAGO -- The Regional Transportation Authority is among about 30 transit agencies around the nation that could be on the hook for millions of dollar...

The Last Supper on Wall Street: Sushi, Stocks, and Who is Picking Up the Check?

Vivian Norris de Montaigu | Posted 10.30.2008 | Business


Vivian Norris de Montaigu

Denial was overtly present during a three hour dinner at an expensive sushi restaurant. Bankers threw stock prices into the conversation between the dishes of sashimi and cucumber martinis.

"Banksters" On Parade

Jackson Williams | Posted 09.09.2009 | Business


Jackson Williams

There once were usury laws in this country to limit such shamelessness. I wonder where they went?

Freddie and Fannie: Republican victims

Diane Francis | Posted 07.23.2008 | Business


Diane Francis

The announcement on Sunday that the Fed and U.S. Treasury will backstop these two financial intermediaries is an entirely predictable, latter-day outcome as a result of cowboy capitalism.