Treasury secretary

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Obama Eyes Bloomberg as Treasury Secretary

Prez wooing New York City mayor, say sources

(Newser) - President Obama might be looking to replace oft-criticized Treasury Secretary Timothy Geithner…with Mayor Michael Bloomberg. (This particular political rumor courtesy of the New York Post ’s Page Six, so take it with a grain or two of salt.) “Obama's looking to do something bold and credible...

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,...

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...

Paulson: In '08 Crisis, John McCain Had No Plan

Ex-Treasury sec says Mac risked putting US economy in freefall for 'political gambit'

(Newser) - With the US economy in utter freefall, John McCain suspended his presidential campaign, jetted to Washington, called a meeting to fix the crisis—then did nothing, according the Henry Paulson's new book, On the Brink . In an excerpt in the Wall Street Journal, the former Treasury secretary recounts McCain's odd...

'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: 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...

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...

Geithner Got It Right
 Geithner Got It Right 
DAVID BROOKS
Nov 20, 2009 5:16 AM CST

Geithner Got It Right

Treasury secretary's pragmatic approach to financial crisis paid off

(Newser) - David Brooks leaps to the defense of Tim Geithner today, arguing that the treasury secretary's critics, who last spring were dismissing him as a hapless "Bambi in the headlights," were mostly wrong and he was mostly right. The system is now much healthier, TARP money is being repaid,...

Geithner to Bankers: Crackdown Is 'War'

Treasury secretary tells Wall Street it must accept regulation

(Newser) - Tim Geithner had tough words for Wall Street bankers yesterday, telling the financial industry's annual conference that they had no credibility to protest new regulation. The Treasury secretary said government had a responsibility to crack down on dangerous practices on the Street and design new laws allowing seizures of institutions...

Geithner Warns of Long, Hard Road Ahead

Administration a long way from saying 'mission accomplished' on financial crisis

(Newser) - The economy is no longer on the brink of the abyss but there's a long way to go before recovery takes hold, Tim Geithner warned yesterday. The Treasury secretary told a congressional committee that while the financial system is showing signs of better health, regulation of the financial system needs...

Geithner: Wall Street Is Safe Again

(Newser) - The return of hefty profits on Wall Street doesn't mean that banks are returning to previous bad behavior, Tim Geithner insists. In an interview with the Wall Street Journal, the Treasury secretary says the big banks are safer now because "they're running with much less leverage," greater liquidity,...

Time May Be Right to Talk Raising Taxes

In poll, less than half of Americans say they pay too much

(Newser) - If the administration must raise taxes, now could be its big chance, NPR reports. Only 46% of Americans in a recent Gallup poll said their taxes were too high—the smallest fraction since 1961. “Americans, relatively speaking, are more satisfied with the amount of taxes they pay than they...

Geithner Flips Out, Tongue-Lashes Regulators

(Newser) - The heat is apparently getting to Tim Geithner. At a meeting last week with high-level financial regulators, the treasury secretary indulged in a potty-mouthed diatribe about delays in the administration's highly touted plan to overhaul the regulatory system, declaring, "enough is enough," the Wall Street Journal reports....

New SEC Chair Stakes Out Her Territory

Schapiro moving decisively to overhaul troubled agency

(Newser) - As soon as she took over the SEC, Mary Schapiro started making changes. She scrapped rules that had hindered investigators, hired a new enforcement director, and refocused regulators on high-profile financial crisis-related cases. “I wanted to be clear from my first day—not just with words, which are pretty...

Housing Market Woes Hit Home for Geithner

Treasury secretary can't sell, stuck renting out his NY home

(Newser) - Housing market troubles are getting personal for Tim Geithner, the AP reports. The Treasury secretary bought his five-bedroom suburban New York Tudor for $1.6 million in 2004; after moving to Washington, he tried to sell it for $1.635 million. The price later dropped to $1.575 million, but...

Geithner to China: Your Assets Are Safe

Treasury secretary seeks to reassure China about growing US deficit

(Newser) - Tim Geithner began his trip to China with a speech at Peking University, where the Treasury secretary said that once the current recession and financial crisis are over, the administration will bring down soaring fiscal deficits. But students at the college where Geithner himself once studied peppered him with tough...

Geithner Headed to China
 Geithner Headed to China 
May 27, 2009 4:08 PM CDT

Geithner Headed to China

(Newser) - Treasury Secretary Timothy Geithner will meet with Chinese officials, including the president, next week in Beijing, the New York Times reports. Before being confirmed for the position, Geither had charged China with “manipulating” its currency. The visit is intended to solidify the trading relationship between the countries, and Geithner...

Geithner Back From the Dead, Politically

Once-ridiculed Treasury chief now on top of his game

(Newser) - After a rough start, Timothy Geithner has found his sea legs. Many were calling for the Treasury secretary’s head after his botched handling of February's bailout speech and the AIG bonuses. But, reports Politico, as the economy stabilizes, Geithner’s getting the hang of things. His regular meetings have...

Geithner's Understaffed Treasury Is Stalled

Geithner's undermanned department struggles to execute plans

(Newser) - Nearly two months ago the Treasury announced it was booting Rick Wagoner as CEO of General Motors. But he's still technically on the payroll—because Treasury officials continue to debate whether he should receive the $20 million severance package he was promised. It's only one of many key decisions that...

Treasury's Mantra: 'Rahm Wants It'

"Rahm wants it" is new motto around Geithner's office

(Newser) - Tim Geithner's early struggles to gain the confidence of the markets and the public have led to a stronger-than-usual White House presence at the Treasury Department, where "Rahm wants it" is a frequent refrain, reports the Wall Street Journal. Although it's a dramatic shift from the Hank Paulson regime,...

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