An amendment allowing companies to bypass the Obama administration’s deepwater drilling ban doesn’t go far enough for Republicans. Attached to the House oil spill response bill last week, the provision would green-light deepwater drilling for companies that meet certain safety requirements.
Washington Rep. Doc Hastings, ranking Republican on the 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 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…
Two messages worth noting from Treasury Secretary Tim Geithner’s interview with CNBC yesterday: (1) Although he was the head of the New York Federal Reserve in late 2008, he had nothing to do with the decision to pay $62 billion to Goldman Sachs and others through 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…
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
There’s been no absence of criticism leveled against Treasury Secretary Tim Geithner and the rest of the White House economic team after their Wall Street bailout strategy, unveiled last week, came up short on details and sent the Dow tumbling nearly five percent.
Today, The Washington Post today More…
Well, this doesn’t look too good, does it? A recent lobbyist for Goldman Sachs, Mark Patterson, is in line to become chief of staff to Treasury Secretary Timothy Geithner, ABC news reports. And more former lobbyists also are expected to be filling some key administration jobs as well. All More…
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