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Backstage With Tim Geithner

Noam Scheiber directs us to an interesting Politico assessment of how changes in the handling of Treasury Secretary Tim Geithner have boosted his reputation:
They [Geithner's advisers] decided to “let Tim be Tim” and accepted the fact that his strength wasn’t giving a speech in front of a bunch of flags. Rather, they let reporters see [...]


Geithner: ‘Weeks and Months’ Before Success of White House Anti-Foreclosure Plan Will Be Known

During today’s Senate Banking Committee hearing with Tim Geithner, the Treasury secretary indicated that, although many of the nation’s largest mortgage servicers have volunteered to participate in the administration’s loan modification program — and 55,000 modifications have already been offered — it’ll be awhile before the overall successes of that strategy can be gauged.
It’s just [...]


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

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 employees, but recent reports indicate that [...]


More Wall Street Influence Arrives at Treasury

From the foxes-guarding-the-henhouse department, Neal Wolin, who served as general counsel to the Treasury during the final years of the Clinton administration, was confirmed by the Senate last night to be deputy Treasury secretary under Tim Geithner. The approval came by unanimous consent.
There’s little doubt the department could use the help. In the midst of [...]


What Geithner Knew

Anyone who watched AIG bonus-gate with any interest is aware that it was Sen. Chris Dodd (D-Conn.) who took the fall for changing legislation that would have reined in those controversial payments. Anyone following a bit more closely, though, knows also that Dodd made those changes only after White House officials, behind Treasury Secretary Tim [...]


Help* for Geithner on the Way

With so many bailouts, anti-foreclosure plans and recession-mitigation strategies coming out of the Treasury Department in recent months, it’s easy to forget that Secretary Tim Geithner has been working all along without a right-hand man.
The Senate Finance Committee took a step to remedy that this morning, approving the nomination of former Clinton administration attorney Neal [...]


Dems Threaten to Subpoena Geithner, Bernanke Over BofA-Merrill Lynch Deal

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 acquisition of Merrill Lynch in December.
Yesterday, the [...]


Meet the New Administration; Same as the Old Administration

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 told the panel.
Funny, then, that Geithner [...]


Geithner: ‘Very Substantial’ Consumer Protection Changes Needed in Finance Sector

Treasury Secretary Tim Geithner appeared on Capitol Hill this morning, testifying for the first time before the congressional oversight panel created to monitor the Wall Street rescue plan. He didn’t have an easy time of things, getting grilled from the panel’s liberals and conservatives alike over things like rising foreclosures and the shift in government [...]


Thursday Geithner Watch

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.