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  • Timothy Geithner

    Geithner's Flawed, but not Larcenous, Bailout Plan

    Commenting on Treasury Secretary Timothy Geithner’s latest bank bailout plan, Nobel Prize-winning economist Joseph Stiglitz told Reuters: Quite frankly, this amounts to robbery of the American people. I don’t think it’s going to work because I think there’ll be a lot of anger about putting the losses so much on … More

    The Unregulated Bailing Out the Regulated

    Great observation by Michael Barone on Treasury Secretary Timothy Geithner’s latest bank bailout plan: Democrats like Barack Obama and Barney Frank, at least on the campaign trail or in sound bites, have portrayed the financial crisis as the product of deregulation. The solution, they say, is more regulation. … My … More

    If Only We Were More Like Sweden

    “We are the United States of America, we are not Sweden.” U.S. Treasury Secretary Timothy Geithner, March 23, 2009. “The Swedish state is not prepared to own car factories.” Swedish enterprise minister Maud Olofsson, March 22, 2009. “Today, Treasury Secretary Tim Geithner and National Economic Council (NEC) Director Larry Summers … More

    Joe Barton’s Letter to Secretary Geithner on Cap and Trade

    Can President Obama lead the United States out of the recession? In a word, no. Economist Russ Robert opines, “No man or woman runs the economy. No man or woman or team of people can possibly plan the evolution of the economy in the coming months. America will come out … More

    Morning Bell: Geithner in Wonderland

    When President Barack Obama introduced Sen. Judd Gregg (R-NH) as his nominee for Commerce Secretary, Obama said of Gregg: “He shares my deep-seated commitment to guaranteeing that our children inherit a future they can afford.” After yesterday’s Senate Budget Committee hearing, we now know why Gregg eventually decided he could … More

    Secretary Geithner Parodied on SNL

    Saturday Night Live opened their show this weekend with a parody of Treasury Secretary Timothy Geithner:           Unfortunately, Treasury policy is just as rudderless as seen on SNL.  What’s needed now, more than ever, are ideas based on principles; not ad hoc, “solutions” that don’t provide people enough information to make … More

    Is This a Joke?

    The AP reports: “President Barack Obama’s Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes. ” We only ask because: January 7, 2009: “But even an experienced financial expert like [Nancy] … More

    Banks to Feds: Drop Dead

    How much government meddling will our nation’s banks put up with before they start rejecting the federal government’s TARP funds? Looks like we’re starting to find out. Last week ProPublica reported that IberiaBank of Lafayette, Louisiana became the first bank to return TARP cash to the Treasury. From the bank’s … More

    More Signs Washington Has Too Much Power

    Politico reports today: It was a perfectly reasonable question, and on the surface it seemed like a perfectly reasonable answer. But when Senate Banking Committee Chairman Chris Dodd went on Bloomberg TV Friday and mused about the possibility of bank nationalization, panicked investors sent the Dow plummeting a hundred points … More

    TARP Explained in Pictures

    The federal government’s Troubled Asset Relief Program been complicated and controversial from the beginning. First sold by then Treasury Secretary Hank Paulson as a plan to buy mortgage-related assets from U.S. financial institutions,TARP quickly morphed into an incoherent slush fund. New Treasury Secretary Timothy Geithner has had a very similar problem … More