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  • Timothy Geithner

    VIDEO: GM Repaid Taxpayers with Tax Dollars

    You probably have seen that new General Motors ad were CEO Ed Whitacre claims his company has repaid their taxpayer bailout “in full, with interest, five years ahead of the original schedule.” Don’t believe it for a second. Nick Gillespie explains why in the video to the right. The New … More

    In Their Own Words: Geithner Makes the Case for Permanent Bailouts

    Conservatives say the Dodd Finance Bill means Wall Street Bailouts Forever. Progressives say the Dodd bill “makes bailouts impossible.” Who’s right? Well lets ask Treasury Secretary Timothy Geithner who described the bill this way in The Washington Post: The Senate bill gives the government the authority to wind down the … More

    Morning Bell: Wall Street Bailouts Forever

    There is no person more central to Washington’s bailouts of Wall Street than Treasury Secretary Timothy Geithner. As President of the Federal Reserve Bank of New York, he oversaw the federal bailout of Bear Stearns and under former Treasury Secretary Hank Paulson, Getihner designed the original bailout plan for the … More

    How To Create Bailouts Forever

    Treasury Secretary Timothy Geithner stumps for Sen. Chris Dodd’s (D-CT) finance reform bill in today’s Washington Post: As the Senate bill moves to the floor, we must all fight loopholes that would weaken it and push to make sure the government has real authority to help end the problem of … More

    More Hollow Rhetoric on China

    Secretary of State Clinton and Secretary of Treasury Geithner co-authored a Wall Street Journal op-ed today on the Strategic and Economic Dialogue (S&ED) with China. The op-ed suits the Dialogue perfectly: it seems to be an important piece of work but there’s actually little to it. The two Secretaries tell … More

    What Next? Taxpayers Buying Humor Edition (Updated)

    While America debates rising deficits, rising debt, and reckless spending bills, the mood in Washington is understandably sour. For the Americans fortunate to have jobs in this recession, there is still a sense of anxiety about what is around the economic corner. For their jobless friends and family, there is … More

    Will Washington Follow in Sacramento’s Footsteps?

    The federal government’s bailout parade wasn’t enough to save California this week. In a move that drew praise from some conservative quarters, President Obama refused to send federal aid to the Golden State. California had asked the Treasury Department to help with its $24 billion deficit. But rather than open … More

    Double Standards Taxing IRS Agents

    Normally we’d be happy that IRS employees were feeling a bit frustrated. But this time we think they have every justification to be upset. The Chicago Tribune reports: The Treasury secretary, who oversees the IRS, didn’t pay all his taxes. Neither did five other top nominees for the Obama administration, … More

    Who's Afraid of Venture Capital?

    Great question by Wall Street Journal editorial page assistant editor James Freeman today: The Obama administration wants to regulate venture capital firms to prevent systemic risks. Silicon Valley residents are scratching their heads and asking: What risks? The rest of us should ask why Washington is targeting a jewel of … More

    Do As They Say, Not As They Want To Do

    German Chancellor Angela Merkel, March 14, 2009: If we want to actually strengthen the effect of such [stimulus] packages you simply have to implement them and not talk about the next one before the first has actually taken effect. Bloomberg, March 26, 2009: Chancellor Angela Merkel is injecting 82 billion … More