Protesters from the “99 percent” movement marched on the Upper East Side of New York City Tuesday, planting themselves on a block between FAO Schwarz and Bloomingdale’s where high-profile members of New York’s moneyed elite live.
Seems like just yesterday liberals were the ones calling for Treasury Secretary Tim Geithner’s head. Now that House Minority Leader John Boehner has spoken, however, Geithner’s become a figurehead on the right for what Boehner is calling, “19 months of government-as-community organizer. It hasn’t worked. Our fresh start More…
The Lehman Brothers bankruptcy examiner’s report is the gift that just keeps on giving to critics of the administration, the bank bailout and the current efforts at financial market reform. Today, Ryan Grim of the Huffington Post reports that Tim Geithner, already under fire for encouraging Goldman More…
One can hardly wander around the White House or the Treasury Department without bumping into someone who worked for Goldman Sachs. A short list:
Today, Treasury Secretary Tim Geithner called the unemployment rate in the United States “unacceptable by any metric.” Of course, he then warned that it would likely go up before it goes down, so it’s unacceptable, but it will continue to occur. But the real question for many unemployed More…
China, where, as a matter of policy, the yuan is deliberately undervalued in order to keep Chinese exports cheap, is now attacking the U.S. for its weak currency. Is there a translation for “the pot calling the kettle black?” In better news, at least the Chinese finally acknowledged More…
More scrutiny of President Obama’s proposed bank regulations coming this week. Not only will Paul Volcker, chairman of the White House Economic Recovery Advisory Board, be testifying tomorrow before the Senate Banking Committee, but another hearing featuring Wall Street executives has been scheduled for Thursday, the committee just More…
To what extent were Wall Street’s largest firms willing to sacrifice their own skin to fix the economy they helped topple? Well, not much of one.
During today’s House hearing on AIG’s bailout, a central focus was on why AIG’s counterparties — including giants like Goldman Sachs — were paid More…
It was a tough morning for Treasury Secretary Tim Geithner, summoned to Capitol Hill to testify on the decision-making surrounding the federal bailout of American International Group, which ultimately received more than $180 billion in taxpayer cash.
The controversy in recent weeks has centered not on the money More…
It’s no mystery that Treasury Secretary Tim Geithner has been opposed to some of the very bank reforms proposed by President Obama yesterday (which explains why those reforms weren’t rolled out earlier). But it’s quite another thing for Geithner to go behind Obama’s back and grumble More…
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