If last week’s call by Chinese military officials to dump U.S. Treasury bonds over the recent agreement to sell arms to Taiwan seemed haphazardly designed to strike fear into the hearts of U.S. government officials and strangely timed, you were probably right. It turns out that, in fact, More…
Gretchen Morgenson and Louise Story’s New York Times piece yesterday was a thorough explanation of Goldman Sachs’ machinations that contributed to the collapse of AIG and the government’s perceived need to jump in and pay for everything without negotiating prices.
But unless you’re well-versed in the modern minutiae 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…
Via The Hill, Treasury Secretary Timothy Geithner will appear before the House Oversight and Government Reform Committee later this month to testify on his role surrounding the $62 billion funneled through the AIG bailout to other Wall Street firms — payments that officials at the New York Federal More…
Here’s the letter from Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, asking Treasury Secretary Tim Geithner to testify later this month on the more than $60 billion filtered to Goldman Sachs and other Wall Street giants as part of the AIG bailout. Bloomberg News More…
Here’s White House spokesman Robert Gibbs, responding today to questions about Tim Geithner’s role in the New York Fed’s 2008 decision to censor AIG payments to other Wall Street firms:
Secretary Geithner was not involved in any of these e-mails. These decisions did not rise to his level
Rep. Edolphus Towns (D-N.Y.), chairman of the House Oversight and Government Reform Committee, has invited Treasury Secretary Tim Geithner to testify on his role in the New York Fed’s 2008 decision to hide massive AIG payments to other Wall Street firms.
“More than one year after More…
Yesterday, it was revealed that officials at the New York Federal Reserve — then headed by now-Treasury Secretary Tim Geithner — asked AIG to keep quiet about tens of billions of dollars the insurance giant made to other Wall Street firms after AIG had received $85 billion in More…
Only a year ago, hopes were high that a big push by the government to stop foreclosures would be a great success, living up to its billing as “Help for America’s Homeowners.”
Last January started out with a foreclosure moratorium, allowing time for the More…
It was last December when Julio Angulo ignored the bitter cold and sat on a rusted patio chair in the front yard of his foreclosed home in suburban Manassas, Va. He sighed, resting his hand on his knee. He stared despondently at the sky. His lender had foreclosed on his More…
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