Timothy Geithner

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Larry Summers Will Be Gone by Year's End
Larry Summers Will Be Gone
by Year's End
ANALYSIS
Apr 6, 2010 8:34 PM CDT

Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear

(Newser) - Economics guru Larry Summers will be out the Obama administration by November’s election, or shortly thereafter, Joshua Green contends —mainly out of frustration that Treasury Secretary Timothy Geithner, and not he, has become President Obama’s go-to adviser in that area. Blogging for the Atlantic, Green notes that,...

Dems Get Mojo Back: Here Comes Financial Reform
Dems Get Mojo Back: Here Comes Financial Reform
analysis
Mar 26, 2010 12:25 PM CDT

Dems Get Mojo Back: Here Comes Financial Reform

Suddenly, it looks like smooth sailing for Dodd's bill

(Newser) - Health care has given the White House and Democrats a serious dose of momentum, and it looks as though that will result in easy passage of a stronger-than-expected financial reform bill. Republicans are backing off, and Democrats are sticking together to fend off Wall Street lobbyists who assumed they could...

Before Ink Dries, 14 States Sue Over Health Law

13 Republican AGs, 1 Dem charge health care reform is unconstitutional

(Newser) - The threatened lawsuits over the health care reform law started arriving at courthouses today shortly after President Obama signed the measure. Thirteen attorneys general headed by Bill McCollum of Florida—who is also a candidate for governor— sued the Treasury, Labor, and Health and Human Services departments and their secretaries....

Geithner: 'I'm Incredibly Angry'
 Geithner: 'I'm 
 Incredibly 
 Angry' 
Interview
Feb 23, 2010 11:30 AM CST

Geithner: 'I'm Incredibly Angry'

Treasury secretary says he's sick of the criticism, mad at Wall Street

(Newser) - Timothy Geithner is often seen as the cool, calculating co-architect of various bailouts, and a friend to Wall Street, but that image is all wrong, he insists. “I am incredibly angry at what happened to our country,” he says. In an affable interview with Vogue —he begins...

Palin: 'Absurd' Not to Consider a Run in 2012


 Palin: 'Absurd' 
 Not to Consider 
 a Run in 2012 
TALK SHOW ROUNDUP
Feb 7, 2010 11:03 AM CST

Palin: 'Absurd' Not to Consider a Run in 2012

Ex-gov also thinks Obama should play the 'war card' to get re-elected

(Newser) - Hillary Clinton and Tim Geithner gamely made the talk show rounds today, reports Politico , but the foreign policy and economic views gathering buzz were those being espoused by Sarah Palin over at Fox News Sunday. The onetime would-be veep said it would be "absurd" for her not to consider...

House Grills Geithner on AIG
 House Grills Geithner on AIG 
Jan 27, 2010 10:39 AM CST

House Grills Geithner on AIG

Treasury Secretary defends big bailout as necessary

(Newser) - Timothy Geithner defended the AIG bailout he helped engineer today, in testimony before a House Oversight Committee that was out for blood. “In effect, the taxpayers were propping up the hollow shell of AIG,” declared chairman Edolphus Towns, “and the rest of Wall Street came by and...

Fed Duo Sounded Alarm Over AIG 'Gifts' to Banks

Geithner, Paulson face grilling over 'backdoor bailouts' for AIG clients

(Newser) - Two Federal Reserve governors expressed their unease about the Fed's rejection of a plan to force big banks to return $30 billion in cash they received from AIG before its bailout in late 2008. The officials warned that the decision to let the banks, including Goldman Sachs, keep the collateral...

Geithner: Bernanke Ouster Would Freak Out the Market
Geithner: Bernanke Ouster Would Freak Out the Market
Interview
Jan 25, 2010 12:06 PM CST

Geithner: Bernanke Ouster Would Freak Out the Market

But Treasury Secretary isn't worried about reconfirmation

(Newser) - Timothy Geithner is behind Ben Bernanke, and thinks the markets are, too. When Politico asked how the markets would react if the Senate didn’t confirm the Fed chairman for a second term, Geithner replied, “I think the markets would view that as a very troubling thing to the...

Bernanke Nom Builds Steam


 Bernanke Nom 
 Builds Steam 
WH, DODD, GREGG 'VERY CONFIDENT'
Jan 24, 2010 9:05 AM CST

Bernanke Nom Builds Steam

Geithner, Dodd, Gregg all 'very confident' he'll win second term

(Newser) - Amid gathering clouds over his reconfirmation parade, Ben Bernanke's chances have appeared to turn around, with Tim Geithner joining key banking committee senators Chris Dodd and Judd Gregg in saying he is "very confident" the Fed chair would succeed. A White House aide further confirmed to Politico that President...

Volcker Trumps Geithner With Tough Bank Rules

Treasury Secretary's influence over Obama fading

(Newser) - Paul Volcker scored a major victory yesterday as Barack Obama endorsed his proposal for tough new bank regulations over the objections of Tim Geithner. Obama even dubbed the proposal, which would prevent banks from making speculative investments that don't benefit their customers, the “Volcker Rule.” It’s a...

'Anarchic' Conan Perfect for Treasury Secretary

Obama could use O'Brien-like bile to hammer big banks

(Newser) - The idiot circus that is NBC’s late-night merry-go-round resembles nothing so much as the US financial crisis, so what better next stop for Conan O’Brien than the Treasury? That’s what Leslie Savan would like to see, given that Secretary Tim Geithner completely lacks the O’Brien-like “...

Geithner Will Testify on Secretive Bailout Deals

House committee wants answers on his role on AIG contracts

(Newser) - Treasury Secretary Timothy Geithner will testify Jan. 27 before a House probe into his role in deals that sent billions of bailout dollars to Goldman Sachs and other big banks. The committee wants to know why the Federal Reserve Bank of New York—which Geithner headed at the time—paid...

NY Fed Told AIG to Hide Payouts

Details of 'backdoor bailout' hushed up

(Newser) - The Federal Reserve Bank of New York pressured AIG not to release details of massive payments it made to banks after it was bailed out, email exchanges released yesterday reveal. The insurer paid banks, including Goldman Sachs, in full for securities linked to subprime mortages, a move critics say amounted...

Obama Sold Us Out to Wall Street
 Obama Sold Us Out 
 to Wall Street 
MATT TAIBBI
Dec 11, 2009 3:45 AM CST

Obama Sold Us Out to Wall Street

He pulled a bait-and-switch on America

(Newser) - President Obama's change from man of the people to friend of Wall Street is one of the biggest political turnarounds in history, writes Matt Taibbi. As soon as he was elected, Obama ditched his moderate economic advisers and built an economic team of Wall Street insiders with ties to "...

Geithner Defends TARP Extension

Says it would 'irresponsible' not to extend bailout

(Newser) - Treasury Secretary Timothy Geithner told a skeptical watchdog panel today that a "limited, qualified extension" of the unpopular bank bailout program until October was necessary. "It would be irresponsible to do otherwise," Geithner said. Oversight chairman Elizabeth Warren seemed unconvinced, saying that though the program was "...

Geithner Extends TARP, Just In Case

Says US must be ready in case of new financial shocks

(Newser) - The Obama administration is keeping the TARP around for a rainy day, Tim Geithner told Congress in a letter today—the program will be extended through October. Though the Treasury is done bailing out big banks for now, Geithner said it needed to be prepared in case of new financial...

Geithner: Goldman Woulda Failed Sans Bailout

Execs dreaming if they think they wouldn't have failed

(Newser) - Goldman Sachs fatcats were musing this week about how they might have been fine without a federal bailout, but Tim Geithner is having none of it: “None of them would have survived,” he tells Bloomberg , without federal intervention. “The entire US financial system and all the major...

Obama Summit Tackles Jobs
 Obama Summit Tackles Jobs 
Dec 3, 2009 7:34 AM CST

Obama Summit Tackles Jobs

Event will coincide with the release of November unemployment stats

(Newser) - The Obama administration will hold a much-hyped jobs summit today, bringing 130 guests—including labor leaders and a host of big-name CEOs—to brainstorm ideas for tackling unemployment. The event also just happens to coincide with the release of November’s unemployment figures, which aren’t expected to be pretty—...

Bloggers on JPMorgan Chase CEO Replacing Geithner: Nah
Bloggers on JPMorgan Chase CEO Replacing Geithner: Nah
NO DIMON IN THIS ROUGH
Nov 23, 2009 10:00 PM CST

Bloggers on JPMorgan Chase CEO Replacing Geithner: Nah

Jamie Dimon not in tune with Obama, too invested in big banks

(Newser) - A report today that JPMorgan Chase CEO Jamie Dimon has the inside track to replace Timothy Geithner as Treasury Secretary is getting mostly guffaws online, with even the conservative Wall Street Journal admitting that Dimon’s way too much an insider for the job just now. Indeed, chuckles Daniel Indiviglio...

AIG Bailout Squandered Our Money, Trust
 AIG Bailout Squandered Our Money, Trust
Paul Krugman
Nov 20, 2009 9:55 AM CST

AIG Bailout Squandered Our Money, Trust

Geithner & Co. were afraid to ask Wall Street for concessions

(Newser) - Financial officials, “most notably Timothy Geithner,” deservedly lost the public's trust with their no-strings-attached bailout of AIG, Paul Krugman rails in the New York Times . As a damning report from the TARP inspector general points out, the government made no serious attempt to extract concessions from the banks...

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