Timothy Geithner

For Tim Geithner, it’s been a difficult week.
“Conservatives agree that as point person, you failed,” Rep. Kevin Brady (R-Texas) told the Treasury secretary yesterday during a hearing of the Joint Economic Committee. “Liberals are growing in that consensus as well. Poll after poll shows that the American public has lost confidence in this president’s ability [...]

Pranksters with too much time on the hands are alleviating their boredom by scavaging around Detroit’s ample supply of abandoned and vacant properties, The Wall Street Journal reports. A staff  videographer even documented a group of perpetrators in the act of pushing a dump truck out a fourth-floor window of an old Packard plant. Click [...]

The Washington Post reports that President Obama today will roll out his plan to increase regulation of the financial system.
The plan seeks to overhaul the nation’s outdated system of financial regulations. Senior officials debated using a bulldozer to clear the way for fundamental reforms but decided instead to build within the shell of the existing [...]

One aspect of  the housing market that seems to be holding true is that no one is left untouched by its decline, and that includes the rich and powerful. First came word last week that even Treasury Secretary Timothy Geithner can’t find a buyer for his $1.6 million tudor in Westchester, New York, despite cutting [...]

The Troubled Asset Relief Program’s inspector general, Neil Barofsky is out with a scathing report today, contending the program already is marred by tax and securities fraud, insider trading, and other violations. Barofsky has opened 20 separate criminal probes into the alleged violations – and that’s just for starters,  The Los Angeles Times reports.
The cases [...]

Even before she poses her first question to Treasury Secretary Timothy Geithner when he testifies before her panel for the first time today, expect Troubled Asset Relief Program oversight head Elizabeth Warren to come under fire. That’s because conservatives have been gunning for Warren, who was an outspoken advocate for consumers before she became chair [...]

Credit unions, once considered mom-and-pop operations, made the same risky mistakes as big banks.

In trying to figure out whether Treasury Secretary Timothy Geithner’s plan to subsidize investors buying toxic assets from banks makes any difference in the lives of people living in blighted communities, I’ve been talking to housing advocates and economists.
Dean Baker, co-director of the Center for Economic and Policy Research, cautioned that we should “have no [...]

Treasury Secretary Timothy Geithner is back in the spotlight today. He’s scheduled to testify on Capitol Hill about his new plan for the government to greatly expand its oversight of the financial industry, included hedge funds. Geithner, of course, has been in the news a lot lately, as debate continues over his other plan, the [...]

Speaking of things working ing their way around the blogosphere, here’s “Hey Paul Krugman,” a ditty praising the virtues of The New York Times columnist and frequent critic of Treasury Secretary Timothy Geithner.
Krugman won a Nobel Prize; Geithner uses Turbo Tax, as the song points out.
But now that Geithner’s toxic assets plan is garnering some [...]