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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Timothy Geithner

Timothy Geithner stories: 181 news summaries

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(Newser) - President Obama wants to put the so-called dark markets under control, the New York Times reports, seeking congressional approval to regulate the byzantine world of derivatives trading—which played a large role in the current financial mess. In a letter to lawmakers, Treasury chief Timothy Geithner calls for an oversight... More »

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investing • Wall Street • Warren Buffett • derivatives market • AIG • regulation • Commodity Futures Trading Commission • Obama administration • financial crisis • credit default swap • President Obama • Timothy Geithner • Securities and Exchange Commission

 Fed Knew of AIG Bonuses 
 5 Months Before Storm 

Geithner's New York Fed planned for controversy in Sept. '08

May 13, 09 7:01 AM CDT
(Newser) - Senior officials at the New York Federal Reserve knew about AIG's plans to pay large bonuses more than 5 months before controversy erupted, according to documents seen by the Washington Post. Correspondence and phone records show that the central bank was working with AIG, lawyers, auditors, and PR firms to... More »

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Ben Bernanke • Federal Reserve • AIG • American International Group • Timothy Geithner • New York Federal Reserve Bank

US Weighs Shaving Bankers' Pay

Planned rules may apply to banks that weren't bailed out

May 13, 09 5:17 AM CDT
(Newser) - The Obama administration has begun an ambitious project to overhaul compensation practices across the financial  sector, including at firms that received no bailout, reports the Wall Street Journal. The government may use the powers of the Fed or the SEC, as well as congressional legislation, to prevent banks from rewarding... More »

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Barack Obama • executive compensation • Federal Reserve • SEC • bonuses • compensation • American Bankers Association • Timothy Geithner • Securities and Exchange Commission • executive bonuses • Jay-ZTV

OPINION

 Time to Stress Out 
 About Stress Tests 

Washington is leading us to a second crisis: Krugman

May 8, 09 7:22 AM CDT
(Newser) - Sure, yesterday's release of the stress tests' results felt pretty anti-climatic. But while bankers might be reassured, Americans have no reason to be, writes Paul Krugman. For the New York Times columnist, the less-than-rigorous stress tests are part and parcel of an Obama administration strategy to "muddle through the... More »

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Barack Obama • Wall Street • recession • bank failure • Obama administration • recapitalization • Timothy Geithner • stress tests

(Newser) - It's official: The stress-test results are out, and the feds say 10 of the nation's 19 biggest banks need to raise a total of $75 billion in capital to weather a future downturn, the Wall Street Journal reports. The banks, five of which are regional, are:
  • Bank of America:
... More »

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Ben Bernanke • Bank of America • Treasury Department • banks • banking industry • Timothy Geithner • stress tests

OPINION

Tests Replace 'Uncertainty With Transparency'

Tests on the biggest banks will make raising capital, paying it back easier

May 7, 09 7:56 AM CDT
(Newser) - In an op-ed piece in the New York Times today, Timothy Geithner positions the stress tests—whose results are released officially today—as a way to restore longer-term confidence in the aftermath of the "tentative stability" achieved by the last administration. "We chose a strategy to lift the... More »

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bailout • Obama administration • banks • financial crisis • Timothy Geithner • stress tests

 Stress-Tested Banks 
 Need Just $100B 

Investors find causes for optimism in capitalization news

May 7, 09 7:25 AM CDT
(Newser) - Leaked results of the stress tests on America's biggest banks separate sufficiently capitalized banks—including JPMorgan Chase, MetLife, AmEx, and Goldman Sachs—from underfunded ones such as BofA, Wells Fargo, and Citi. Bank shares rose sharply yesterday and today, and some investors said the results were better than they feared.... More »

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Ben Bernanke • Goldman Sachs • Federal Reserve • recession • bank • Treasury Department • JPMorgan Chase • banks • Timothy Geithner • TARP • MetLife • stress tests

 White House Takes Aim 
 at Offshore Tax Dodges 

The Obama Administration will unveil details of its tax-haven crackdown today

May 4, 09 7:35 AM CDT
(Newser) -  White House plans to curb offshore tax avoidance will be rolled out today, the Wall Street Journal reports, with the target on both US multinationals and wealthy individuals who are sheltering an estimated $700 billion in US earnings overseas. The plan takes particular aim at “deferral,” which... More »

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Barack Obama • tax evasion • tax breaks • tax code • tax haven • Timothy Geithner

 Treasury's Mantra: 
 'Rahm Wants It' 

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

May 1, 09 10:55 AM CDT
(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,... More »

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Rahm Emanuel • Treasury Department • David Axelrod • Obama administration • Treasury secretary • Timothy Geithner

Geithner's Brother Thinks He's Beautiful

Treasury's Tim makes top 50 at People ... where brother is exec

Apr 30, 09 11:57 AM CDT
(Newser) - Did you do a double take when you saw Tim Geithner on People’s 50-most-beautiful-people list? Joe Weisenthal of the Business Insider did. Geithner has all the sex appeal of a lifelong bureaucrat—which, um, he is. Weisenthal finds that People executive David Geithner is the Treasury chief’s brother.... More »

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entertainment • beauty • list • celebrity • People Magazine • Timothy Geithner

OPINION

 Obama, Biden Earn A-Minuses 

Pundits offer wide-ranging report card

Apr 29, 09 11:24 AM CDT
(Newser) - On President Obama’s 100th day in office, Mark Halperin of Time provides a White House report card:
  • Barack Obama: A-. “Instantly comfortable and highly skilled at the hardest job in the world.”
  • Joe Biden: A-: Operates "precisely in the manner he and
... More »

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Hillary Clinton • Joe Biden • media • Michelle Obama • pundits • Grover Norquist • grades • Obama administration • analyst • President Obama • Timothy Geithner • Jonathan Alter • 100 days • Marcy Wheeler

Let Us Pay Out Bonuses, Citi Begs Geithner

Execs worry employees will bolt as bank chafes under pay restrictions

Apr 29, 09 5:47 AM CDT
(Newser) - Citigroup is asking the Treasury for permission to pay special bonuses to many key employees it worries will leave the company—despite the fact that taxpayers will soon become the largest shareholder in the bank. Citi is chafing under Treasury restrictions on executive pay, particularly in its lucrative energy trading... More »

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Citigroup • executive compensation • Treasury Department • bonuses • Timothy Geithner • executive bonuses

 At NY Fed, 
 Geithner Got Cozy 
 With Wall Street  

Geithner's cozy history with the high finance club draws critics' ire

Apr 27, 09 9:10 AM CDT
(Newser) - While some feel Treasury Secretary Timothy Geithner has been an aggressive steward of the public trust, some critics point to his days as New York Fed president as proof he’s too cozy with the very banks that crippled the financial system. The New York Times investigates his tenure there,... More »

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Citigroup • Goldman Sachs • Morgan Stanley • BlackRock • JPMorgan Chase • Treasury secretary • financial crisis • Timothy Geithner • New York Federal Reserve Bank

Market-Regulation Bill No Longer on Fast Track: Frank

Obama wants bill passed fast, but Congress chooses to take its time

Apr 23, 09 9:47 AM CDT
(Newser) - Once on the fast track to President Obama’s desk, a bill that would grant the government powers to place large companies into receivership has been pushed to the slow lane, Rep. Barney Frank tells the Wall Street Journal. The bill’s complexity, and a slow-moving Senate, led the Financial... More »

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Barack Obama • Congress • legislation • Barney Frank • regulations • Timothy Geithner • receivership

MARKETS

 Dow Up 128 on Geithner Talk 

Banks rally after comments by Treasury secretary, Bank CEOs

Apr 21, 09 3:25 PM CDT
(Newser) - Stocks gained today on upbeat comments from Timothy Geithner and the CEOs of Citigroup and US Bancorp, the Wall Street Journal reports. Banks rallied after the Treasury secretary said that the “vast majority” have sufficient capital. The Dow closed up 127.83 at 7,969.56. The Nasdaq rose... More »

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Citigroup • Dow Jones • Nasdaq • Treasury Department • S&P 500 • financial crisis • Timothy Geithner • TARP • US Bancorp

UPDATED

Geithner: $110B Left in TARP
War Chest

Treasury won't ask Congress for more; defends slack lending

Apr 21, 09 10:53 AM CDT
(Newser) - Some $109.6 billion remains in the government's $700 billion bailout, Treasury Secretary Timothy Geithner today told TARP's congressional oversight chief, Elizabeth Warren. The Treasury sec says that's plenty—he expects banks to repay about $25 billion over the next year, and won't ask Congress for more. Geithner also defended... More »

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bailout • Troubled Asset Relief Program • Timothy Geithner • TARP • Elizabeth Warren

Geithner Puts Brakes on Bank Repayments

Treasury sec reluctant to free Goldman, others from constraints

Apr 21, 09 8:01 AM CDT
(Newser) - Tim Geithner is warning Wall Street that he will consider more than banks' individual financial fitness when deciding whether they can pay back bailout funds—and escape from the strings attached to them. In an interview with the Wall Street Journal, the Treasury secretary says that the whole banking system,... More »

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Goldman Sachs • Treasury Department • JPMorgan Chase • Obama administration • Treasury secretary • financial crisis • Wall Street bailout • Timothy Geithner • Obama Cabinet

Citing Too-Low Prices, Banks Won't Sell Toxic Assets 

Stress test an Obama weapon

Apr 16, 09 11:37 AM CDT
(Newser) - Banks are proving so reluctant to part with their so-called “toxic assets” that the Obama administration may have to strong-arm them into doing so, Time reports. Banks are protesting that the prices being offered—about $70 per $100 bond by the magazine’s calculations—are too low. That’s... More »

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Goldman Sachs • Treasury Department • JPMorgan Chase • Obama administration • banking industry • financial crisis • Timothy Geithner • toxic assets • stress tests

Fed to Banks: Keep Quiet on Stress Tests

Officials worry leaked results will cause market chaos

Apr 10, 09 12:38 PM CDT
(Newser) - The Federal Reserve is adopting a loose-lips-sink-ships policy when it comes to the “stress tests” being administered to big US financial firms. Goldman Sachs, Citigroup, and others have been ordered to keep quiet about their financial report cards, Bloomberg reports. Officials fear that should those results leak, investors would... More »

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Ben Bernanke • Federal Reserve • Treasury Department • financial sector • Timothy Geithner • stress tests

Bailout Honchos Weigh Toxic-Asset 'War Bonds'

Treasury's new idea would allow private investors to profit from bailouts

Apr 9, 09 8:11 AM CDT
(Newser) - Responding to charges the bank bailout privatizes profits while socializing losses, the Obama administration is exploring creating mutual-fund-type instruments that would allow private citizens to invest in toxic assets. The bailout funds, akin to war bonds, would allow the taxpayers who funded the bailout to profit along with Wall Street,... More »

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Treasury Department • mortgage backed securities • bailout • Obama administration • Main Street • financial crisis • Timothy Geithner • toxic assets

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