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 More…
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 More…
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 More…
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…
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 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.
Mike’s excellent story today about the weak reforms of the payday lending industry proposed by onetime industry foe Rep. Luis Gutierrez (D-Ill.) details a disappointing setback for efforts to curb the insidious practice of charging down-on-their-luck consumers loan shark rates for short-term loans.
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