geithner

The Washington Post, this morning:
Senior administration officials are considering the creation of a single agency to regulate the banking industry, replacing a patchwork of agencies that failed to prevent banks from falling into the worst financial crisis since the Great Depression, sources said.
Bloomberg, today:
House Financial Services Committee Chairman Barney Frank ruled out creating a single [...]

Rep. Brad Sherman (D-Calif.) challenged Treasury Secretary Timothy Geithner today to release details of bonuses given to executives of companies that have received TARP funds, Talking Points Memo reports.
When Geithner didn’t immediately jump on the idea, Sherman jumped on him.
“You won’t commit to telling the American people how many folks at Goldman, Sachs or AIG [...]

The outrage over AIG bonuses is dying down, but it is only being replaced by a blame game. According to critics, President Obama went too far in his populist pronouncements against banks, and his administration, led by Treasury Secretary Timothy Geithner, is bungling the rescue effort. Banking executives have piled on, telling The Washington Post [...]

Peter Baker’s news analysis of the tax payment problems of some Obama nominees is deeply strange. The premise is right—the Democrats look bad after a week of withdrawn or stalled nominees who botched their tax forms. All true. But Baker’s sources are talking nonsense.

President Obama’s team of advisers, initially touted for its wealth of experience and qualifications, continues to unravel as Nancy Killefer withdraws her nomination for chief performance officer, CNN reports. In this newly created position, Killefer would have worked with the Office of Management and Budget to increase “efficiency, transparency and accountability” in government.
This tax-evasion revelation [...]

No shocker here.
Despite some reservations from a small minority of Republicans, the Senate Finance Committee voted this morning to approve Tim Geithner to head the Treasury Department. The vote was 18 to 5, The Page reports. Geithner’s nomination now goes to the full Senate for a confirmation vote.
Seems that skipping thousands of dollars in tax [...]

The confirmation hearings for Transportation Secretary-designate Ray LaHood, set to begin today, may have gotten a bit more complicated this morning. The Washington Post reports that as an Illinois GOP congressman, LaHood was a big fan of earmarks — often to the benefit of some of his largest campaign contributors. LaHood retired from the House [...]

Reports are trickling out that President-elect Barack Obama’s choice for treasury secretary, Tim Geithner, may not have paid Social Security or Medicare taxes for “years” and he may have employed an illegal immigrant as a housekeeper, according to Mark Halperin, via the Wall Street Journal. MSNBC just reported the same news.
Things are looking better for [...]