We've been hugely critical of Treasury Secretary Tim Geithner, who we feel sold out the taxpayer last fall in his haste to save Wall Street. We also think Tim Geithner's approach to the financial crisis has been warped from the beginning. We hate his decision to protect bondholders to the tune of 100 cents on the dollar and "invest" taxpayer money via preferred stock instead...
... of the significant shift in UK policy on the so-called "Tobin tax", the US Treasury Secretary Tim Geithner dismissed the move, saying Washington was "not prepared" to support it. The Prime Minister called on the IMF urgently to consider the tax on financial transactions which experts say could raise as much as $600bn (£360bn) a year. Mr Brown said the financial collapse last year showed...
The "Tobin Tax" has been kicked around a lot lately as one possible option. France and Germany were recently promoting the idea and now, the UK has come on board. It's easy to understand that not everyone will always agree on policies such as this though it's becoming hard to see when Geithner and Obama will ever ask the financial businesses to contribute their fair share . If not...
Stacy Summary: Sneak preview of tomorrow. Who says there is no such thing as time travel? You can tune in live tomorrow at 16.30 GMT via PressTV.com or via LiveStation. Guest is Ellen Brown
... Is Betting On Higher Inflation Next Week's Treasury Auctions Will Top $100 Billion For First Time Ever SHOCKER: Treasury Officials Made $$$$ Working In Private Sector
In reply to Cara's Commentary & Community Chat, Monday, Nov. 2, 2009 : http://bit.ly/3W7UAT Go to time marker 17:46 Transcript excerpts: David Plouffe: But Goldman Sachs is taking huge risks now in some of the trades it makes. Tim Geithner: The Critical... David Plouffe: True or not true? Tim Geithner: Well, let me just say what we're trying to achieve through reform, David, and...
In a succinct and powerful video, Dylan Ratigan wonders why Tim Geithner still is our Treasury Secretary. Senator Maria Cantwell, who makes an appearance on this video, wonders this too, calling Geithner's job performance "appalling." I agree. It's time for Obama to start fresh while we are not in crisis mode. He can do this without starting a panic by saying something like,...
The federal deficit has ballooned by more than $1 trillion dollars this year. This does not make Tim Geithner very happy, but it also doesn't worry him much, because spending more than we make is at best his third most-pressing priority. And don't even get him started on taxes, because the tax-evader-in-chief is loathe to even use the word. But fear not. The T.S. is ready to make some hard...
... as the taxpayers."Black, a former top federal banking regulator, blames Treasury Secretary Timothy Geithner for negotiating such a bad deal on behalf of the American public... The government was in no way obligated to lend the struggling CIT money and, in fact, initially refused to provide it bailout funds. More importantly, being the lender of last resort, the government should have guaranteed...
Senator Maria Cantwell (D-WA) “said that she’s ‘not sure’ why Treasury Secretary Tim Geithner still has a job on Monday morning,” The Hill reports. Cantwell ripped into the financial reforms put forth by Geithner and the Obama administration as "appalling" for including alleged loopholes and exemptions for large financial institutions in legislation...
How Tim Geithner Bailed Out Wall Street Joel Skousen - Editor World Affairs Brief 10-30-9 Begin Excerpt While this isn't news to readers of the WAB, it is confirmation of my extensive analysis throughout the crisis last fall. Henry Blodget and Bloomberg News get it mostly right, but they still shy away from exposing the wider outright conspiracy that exists between the US Treasury and the Federal...
Ratigan is saying EXACTLY what needs to be said over, and over, and louder, and louder, and more and more until Tim Geithner is forced out, and Paul Volcker is put in as his replacement. via HuffPo A year ago it was revealed to the American people that our banking system was a legalized Ponzi scheme in which bank and insurance CEOs paid themselves billions of dollars in personal compensation...
OK, so we don’t necessarily see eye-to-eye on the reasons, but at least Democrat Maria Cantwell is asking the right question! Why Does Tim Geithner Still Have a Job? A Democratic senator said on Monday that she’s “not sure” why Treasury Secretary Timothy Geithner still has his job, calling his financial reform plans “appalling.” “I’m not...
I think Sen. Maria Cantwell is basically correct. Treasury Secretary Tim Geithner served a useful purpose in calming the financial markets, but he's of no further use to us. He's part of the culture that caused this economic mess and he isn't willing to push hard enough to regulate his buddies. It was important to have someone in place who understood both Wall Street and the Treasury Department...