Us Treasury

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U.S. Treasury Strikes On Christmas Eve: Unlimited Taxpayer Support For Fannie Mae And Freddie Mac

Sheldon Filger | Posted 12.30.2009 | Business

Read More: U.S. Treasury, Fannie Mae, Timothy Geithner, Freddie Mac, Fannie Mae Freddie Mac Bailout, Business News

If, as Treasury originally claimed, $400 billion was more than sufficient to guarantee the security of Fannie and Freddie, why sneak in a new taxpayer commitment when nobody's looking?

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The Year of the Man-Child

Catie Lazarus | Posted 12.16.2009 | Comedy

Read More: Google, Inauguration Day 2009, Oxford-Health, Ikea, Fist Bump, Morgan Stanley, Elliot Spitzer, Tiger Woods, John Edwards, Wall Street Bonuses, Jon and Kate Plus 8, Nbc, JP Morgan Chase, Chris Brown, Copenhagen 2009, Duane Reade, Trader Joes, Lou Dobbs, Basketball, Michelle Duggar, Barack Obama, Driving While Texting, Drunk Driving, Hilary Clinton, Aol, Rahm Emanuel, Banking Crisis, CVS Pharmacies, Us Treasury, Mark Sanford, Law, Msnbc, Driving, Mitch McConnell, Woody Allen, Nadya Suleman, Sarah Palin Vice President, Immigration, Iphone, Infidelity, Time Warner, Finance, Rupert Murdoch, Fidelity Investments, Hamid Karzai, Rihanna, John McCain, Proctor & Gamble, Twitter, Ge, Oprah, Macys, Hbo, Howie Mandel, Tareq and Michaele Salahi, C-Span, Murder, Tiger Woods Affair, Mahmoud Ahmadinejad, Apple, Wall Street Crisis, Wall Street, Jon Gosselin, Sarah Palin, Fox News, Joe Lieberman, Netflix, Andre Agassi, Comedy News

What Did You Learn in 2009? Test your knowledge by answering these objectively scientific questions about the celebrities, politicians and fifteen minute famers who made headlines.

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Treasury, Fed Delay Internet Gambling Ban 6 Months To Address Confusion

Reuters | David Lawder | Posted 11.29.2009 | Politics

Read More: Internet Gambling Regulations, Internet Gambling Ban, Barney Frank Internet Gambling, Internet Gambling Bill, Barney Frank, Internet Gambling Ban Delay, U.S. Treasury, Treasury Internet Gambling, Federal Reserve, Fed Internet Gambling, House Financial Services Committee, Politics News

WASHINGTON (Reuters) - The U.S. Treasury and Federal Reserve on Friday delayed the implementation date for a new Internet gambling payment ban for six...

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Patriotism, Wall Street, You and Me

Stephen Gyllenhaal | Posted 10.13.2009 | Business

Read More: Goldman Sachs, Us Treasury, Paulson, Obama, Wall Street, Geithner, Andrew Ross, Vanity Fair, Business News

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

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The Shock and Awe of a Second Financial Meltdown

Stephen Gyllenhaal | Posted 11.22.2009 | Business

Read More: Reagan, Us Treasury, Right Wing, Obama, Clinton, Wall Street, Democrats, Financial Meltdown, Business News

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.

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

Financial Times | Keneth Rogoff | Posted 09.20.2009 | Business

Read More: Finance, Banks, Kenneth Rogoff, U.S. Treasury, Henry Paulson, Bear Stearns, Bailout, Banking Regulation, Business News

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 ...

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Freddie Mac To Tap $6.1 Billion More In Treasury Capital

AP | ALAN ZIBEL | Posted 06.12.2009 | Home

Read More: Freddie Mac, Housing Market, Freddie Mac New Capital, Financial Crisis, Us Treasury, Mortgage Crisis, Home News

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

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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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My April Fool's Prank on NPR

Andy Borowitz | Posted 04.02.2009 | Comedy

Read More: Borowitz Report, Npr, April Fools, National Public Radio, Andy Borowitz, April Fools Day, Jonathan Alter, U.S. Treasury, Ponzi Scheme, Treasury Bills, Bernard Madoff, Judy Gold, Pranks, Hendrik Hertzberg, New York-New York, Comedy News

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.

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Mortgage-Backed, My Assets!

Patrick O'Sullivan | Posted 04.26.2009 | Comedy

Read More: Toxic-Financial-Products, Bailout, Rebranding-the-Bailout, Satire, Stock Market, Subprime Mortgage Crisis, U.S. Treasury, Financial Crisis, Timothy Geithner, Comedy, Fake News, Paul Krugman, Comedy News

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.

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

The Plum Line | Posted 04.20.2009 | Politics

Read More: Treasury Department, U.S. Treasury, Maxine Waters, Maxine Waters Obama, Chris Dodd, Barack Obama, Politics News

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

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

Jessica Catto | Posted 04.18.2009 | Politics

Read More: U.S. Treasury, Laissez-Faire, President, Aig, Congress, Responsible Capitalism, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Politics News

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

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

Bloomberg | Michael Quint | Posted 03.13.2009 | Business

Read More: New York Lottery, Lottery, Federal Budget Deficit, Economy, New York Budget Deficit, US Economy, Lotto, New York Economy, Us Treasury, US Treasuries, Business News

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...

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TARP is Welfare; Control It

Leo W. Gerard | Posted 03.09.2009 | Business

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

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Bush Treasury Overpaid For Bank Stocks: Watchdog Elizabeth Warren

AP | JIM KUHNHENN | Posted 03.08.2009 | Business

Read More: Bailout and Treasury, Us Bailout, Bailout Bandits, Elizabeth Warren, Treasury Overpaid, Us Treasury, Business News

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

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Government Watchdog: TARP Still Lacks Transparency, Accountability

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

Read More: Us Treasury, Bank Bailout, TARP. Bailout, Treasury Department, Business News

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...

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US Debt May Soar By $2 Trillion In 2009

Washington Post | Lori Montgomery | Posted 02.03.2009 | Business

Read More: US Debt, Debt, Economic Stimulus, National Debt, Us Treasury, Business News

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

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

Leo W. Gerard | Posted 12.26.2008 | Business

Read More: Congress, Phil Gramm, Hank Paulson, Chrysler, United Auto Workers, Senate Banking Committee, Economy, Honda, U.S. Treasury, Cars, Mercedes-Benz, Federal Reserve, $700 Billion Bailout, Vikram S. Pandit, Ford, Charles O. Prince III, Automakers, Nissan, Unemployment, Bailout, Default, George Will, Hyundai, Sen. Jon Kyl, Detroit, Big Three, Financial Crisis, Washington Post, President Bush, Detroit Bailout Reaction, Detroit Bailout, Automaker Bailout, Big Three Automakers, Toyota, Sen. Richard Shelby, Detroit Three, Gm, The Big 3, Chysler, Detroit Automakers, Robert Rubin, Wall Street, Martin Feldstein, Ben Bernanke, Wachovia, Auto Industry, Bankrupt, Citigroup, Business News

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.

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Neel Kashkari's Stock Plummeting Like the Dow Jones

Disgrasian | Posted 12.24.2008 | Media

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

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Kashkari: One Of People's Sexiest Men Alive

Silicon Alley Insider | Caroline Waxler | Posted 12.21.2008 | Business

Read More: Sexiest Man Alive, Us Treasury, Ben Bernanke, New Kids on the Block, People Magazine, Neel Kashkari, Todd Palin, Business News

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...

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America: Get Your Financial Act Together

Diane Francis | Posted 12.19.2008 | Business

Read More: Ayatollahs, U.S. Economy, Meltdown, Economy, U.S. Treasury, Federal Reserve, Credit Default Swaps, Global Crisis, Global Rescue Effort, g20, U.S. Recession, Housing Crisis, Fraud, Aig, Iran, Wall Street Crisis, Worldwide Recession, Wall Street, Bailout, Atomic Bombs, u.s. Economy Problems, Real Estate Bubble, Skullduggery, Financial Crisis, Banking Crisis, Crisis, Global Financial Crisis, Tech Bubble, Business News

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.

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Paulson Deal Cheats American Taxpayers

Leo W. Gerard | Posted 11.30.2008 | Business

Read More: Goldman Sachs, Hank Paulson, Wall Street, Wells Fargo, U.S. Treasury, Henry Paulson, $700 Billion Bailout, Warren Buffett, Congress, Alan Greenspan, American Dream, Richard Kovacevich, Wall Street Crash, Stockholder Bonuses, Congressional Bailout, Financial Crisis, Treasury Secretary, Corporate Bonuses, Business News

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.

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AIG Woes To Cost RTA Millions

AP | Posted 04.17.2009 | Chicago

Read More: Aig, Metra, Regional Transportation Authority, U.S. Treasury, Cta, American International Group, Stephen Schlickman, Rta, AIG RTA, Trains, Chicago News

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

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