The Washington Independent

Posts Tagged automaker bailout

Geithner: Our Job Is to Save Companies, Not American Jobs

By | 05.20.09 | 2:06 pm

Treasury Secretary Tim Geithner appeared before the Senate Banking Committee today to discuss the Wall Street bailout, but Sen. Sherrod Brown (D-Ohio) wanted to talk about the auto industry instead. There was good reason for Brown’s concern. Not only are Detroit’s automakers hemorrhaging cash, ditching dealerships and laying off More…

No Surprise Over Wall Street Profits

By | 04.14.09 | 10:26 am

After months of dismal news coming out of Wall Street, a few rays of light have shown through in recent days. Last week, Wells Fargo announced a $3 billion profit in the first three months of 2009, and yesterday Goldman Sachs said it made $1.8 billion over the More…