The largest government bailout in U.S. history was born before dawn on Sept
Tag Archives: geithner
Schapiro, Bair, Warren: Female Sheriffs of Wall Street
A few weeks back, at an event to celebrate the role of women in finance, Treasury Secretary Timothy Geithner tried to get things started with a joke. He said he had recently come across a headline that asked, “What If Women Ran Wall Street?” “Now that’s an excellent question, but it’s kind of a low bar,” Geithner continued, deadpan amid rising laughter
How AIG Became Too Big to Fail
Treasury Secretary Tim Geithner had every reason to think he had seen all of AIG’s dirty laundry.
World changed, finance rules remain same post-Lehman
The terrain of the financial world has changed since the collapse of Lehman Brothers. It’s been one year since the U.S
U.S. and China launch ‘new dialogue’
Top U.S. and Chinese officials launched an expanded discussion of the crucial relationship between their two countries Monday, holding the first meeting of a "Strategic and Economic Dialogue" in Washington
Cuba, U.S. to resume talks on migration, mail service
Cuba has agreed to resume talks with the United States over migration and mail service between the two countries, two senior State Department officials said. Geithner left Saturday for meetings in Beijing, where he’ll discuss ways to strengthen relations between China and the United States, according to the Treasury Department. China is one of America’s most important trading partners, and its economy is tightly intertwined with efforts to reverse the global downturn
Five Lessons from the AIG Bonus Blowup
Last week, outlets reported that “the clock was ticking” for “embattled” Treasury Secretary Tim Geithner, with a few members of Congress openly calling for his ousting. His boss, President Barack Obama, was criticized for not engaging in the congressional furor over the $165 million in bonuses paid out to top executives at AIG — the insurance giant that has received more than $180 billion in federal money. This week Obama remains relatively untouched in the polls, and Geithner is basking in his best week of media coverage yet
Asian markets ride Wall Street higher
A triple-digit rally on Wall Street pushed Asian and Pacific markets solidly into positive territory on Tuesday.
Plan to Buy Toxic Bank Assets Delayed Again
The Administration’s long-awaited plan to save America’s banks is being delayed again, government sources tell Time.
Tim Geithner He’s Hiring! And His Critics Hope It’s Soon
After a one-year, 50% drop in the stock market, and the fastest, deepest spate of job losses since 1974, Americans have a lot of data to support their sense that the country’s economic house is crumbling. The last thing they want to hear is that the man charged with the reclamation project doesn’t have a crew ready to start work. So when news broke late last week that two top nominees for the Treasury department were withdrawing their names from consideration for undisclosed personal reasons, what ordinarily might have been dismissed as a harmless staffing snafu became the latest cause for unease among those watching Treasury Secretary Timothy Geithner