Just a few weeks after Rep. Edolphus Towns (D-N.Y.) requested information from Treasury Secretary Tim Geithner about White House plans to sidestep executive pay limits for bailed out firms (information that still hasn’t been provided), Towns is asking Geithner about his role in Bank of America’s reportedly shady More…
Treasury Secretary Tim Geithner, appearing today before the congressional bailout oversight panel, repeatedly emphasized the importance of transparency to the success of the rescue plan.
“In a crisis, transparency, accountability and a coherent plan with clear goals are essential to maintain the confidence of the public and capital markets,” he More…
It’s April 16, and in Washington this year that signifies something more than a Tea Party hangover. It’s also the date by which Treasury Secretary Tim Geithner was asked to respond to congressional questions about the administration’s plans to skirt congressional conditions on Wall Street bailout recipients.
From the letter delivered to the Treasury secretary Monday from the office of Rep. Edolphus Towns (D-N.Y.), chair of the House Oversight and Government Reform Committee, in the wake of the news that Treasury intends to create middlemen to skirt some rules for bailout recipients:
1. Is it
Here’s a saga worthy of much more attention than it’s getting: A House oversight panel launched an investigation Monday into the Treasury Department’s plans to elude Congress-passed executive pay limits on bailout recipients by creating middleman agencies to filter the funds.
Rep. Edolphus Towns (D-N.Y) will replace Rep. Henry Waxman (D-Cal.) atop the House Oversight and Government Reform Committee, House Speaker Nancy Pelosi announced yesterday. The veteran Towns — just reelected to his 14th term — will fill the void left after Waxman’s successful win over Rep. John Dingell (D-Mich.) More…
Not to get ahead of ourselves, but there is the possibility that Rep. Henry Waxman (D-Cal.) — who has launched a surprise challenge to Rep. John Dingell’s (D-Mich.) chairmanship of the Energy and Commerce Committee — will, at the end of this saga, surrender his spot as head of More…
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