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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Timothy Geithner

Timothy Geithner stories: 181 news summaries

61 - 80 of 181 Stories | << Prev 1 2 3 4 5 6 7 8 ... 10 Next >>

TALK SHOW ROUNDUP

 Geithner, Henderson 
 Open to GM Bankruptcy 

Treasury sec adamant that GM won't fade away

(Newser) - Bankruptcy remains an option for GM as a last resort, both new chief Fritz Henderson and Treasury Secretary Timothy Geithner said today. “You can’t rule options off the table,” Henderson told CNN’s State of the Union. Whatever happens, Geithner stressed on CBS’ Face the Nation that... More »

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North Korea Newt Gingrich General Motors David Axelrod Timothy Geithner Fritz Henderson

(Newser) - The Obama administration has devised a maybe-legal method of avoiding Congress’ restrictions on companies that accept bailout funds, including limits on executive pay and a requirement that taxpayers get an ownership stake in the firms, the Washington Post reports. To sidestep the restrictions, the administration has created special entities... More »

investigation

At NY Fed, Geithner Saw Risk, Didn't Act

Legacy of missing red flags trails onetime regulator to Treasury

(Newser) - Timothy Geithner spent a lot of time thinking about the derivatives trade as president of the New York Federal Reserve—in 2005 he convinced banks to digitize the market, making it far more efficient. But he never convinced them to scale back risk and never exercised his powers to force... More »

Geithner Predicts Big Things at G20

Confident Treasury chief expects 'global stimulus' plan

(Newser) - Treasury chief Tim Geithner made time in London for a series of TV interviews in which he expressed confidence that the global economy has turned the corner. He told Bloomberg that he sees "encouraging signs" of recovery and said policy makers at the G20 summit will make sure the... More »

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recovery global economy G20 Treasury secretary Timothy Geithner

(Newser) - President Obama and Hu Jintao of China met today at the G20 summit in London and agreed to close cooperation on issues ranging from the economic crisis to global security, Time reports. Obama will travel to China later this year. Meanwhile, high-level representatives will meet in Washington during the... More »

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China Hillary Clinton London human rights global economy Hu Jintao dialogue G20 Obama administration President Obama Timothy Geithner Obama Cabinet

OPINION

Taxpayers Lose in Treasury's Toxic Asset Plan

Nobelist Stiglitz blasts Obama adminstration for 'perverse' program

(Newser) - The Obama administration's massive public-private investment plan is good news for banks, good news for investors—and bad news for the taxpayer, writes Joseph Stiglitz. In an op-ed for the New York Times, the Nobel Prize-winning economist accuses the Treasury of "replicating the flawed system" that caused this crisis,... More »

TALK SHOW ROUNDUP

Geithner on AIG: 'We Had No Good Choices'

Gates backs Obama on Afghanistan; Petraeus says Cheney wrong

(Newser) - Timothy Geithner may have reignited the AIG bonus brouhaha on ABC’s This Week just as calls for his ouster had begun to subside. “We had no good choices. The contracts were set,” he said, insisting Treasury acted quickly to renegotiate the parts of the bonuses it could.... More »

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Afghanistan North Korea Robert Gates AIG Sarah Palin Timothy Geithner

Obama Rolls Out Sunday Best for TV Talkers

Prez turns to political talk shows in risky strategy

(Newser) - In his embrace of YouTube and town hall meetings, President Obama hasn’t forsaken “the old gray mare of Washington journalism:” the Sunday talk shows, Mike Allen writes on Politico. Obama, Timothy Geithner, and Robert Gates will fan out across the airwaves tomorrow to advance their agenda, but... More »

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television Barack Obama politics Robert Gates Timothy Geithner

(Newser) - Tim Geithner today proposed a major expansion of federal regulatory powers, reports the Washington Post. In testimony before Congress, the Treasury chief called for hedge funds, derivatives markets, private equity firms, and major insurers like AIG to be brought under strict federal supervision for the first time. His plan, which... More »

Hedge Fund Managers Profit in Bear Market

Top 25 took home
total of $11.6 billion
in pay last year

(Newser) - Hedge funds lost an average of 18% last year, but as markets fell to earth, the top 25 hedge fund managers each earned more than $75 million in pay, reports the New York Times. The most successful, James Simons of Renaissance Technologies, pulled in $2.5 billion, while George Soros... More »

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Wall Street executive compensation bonuses regulation hedge funds financial crisis Timothy Geithner

(Newser) - Timothy Geithner today asked Congress for expanded power to take the helm of big, failing  institutions like AIG and wind them down in an orderly fashion, Reuters reports. “AIG highlights broad failures of our financial system," Geithner said in unusually spirited testimony before the House Financial Services Committee.... More »

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Ben Bernanke testimony AIG Treasury Department bank regulation Obama administration financial crisis Timothy Geithner

ANALYSIS
(Newser) - The White House economic team is great on policy, but when it comes to reassuring the public, President Obama is on his own, Peter Nicholas and Peter Wallsten write in the LA Times. "The ability to communicate with average people was not what these people were chosen for,"... More »

Market Open
(Newser) - Stocks pulled back this morning off yesterday’s heady rally. The Dow sank 77 points, after skyrocketing nearly 500 points in yesterday’s session. The S&P and Nasdaq dropped 1.3% and 1.4% respectively. AIG was the big story, with Timothy Geithner and Ben Bernanke set to testify... More »

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OPINION

Don't Listen
to Krugman—
This Plan
Might Work

Pearlstein lays into fellow columnist

(Newser) - Even before the full details were released, critics were bashing the Treasury's public-private asset purchase plan; Paul Krugman predicted it would fail and lead the country into depression (not to speak of the writer into despair). Steven Pearlstein begs to differ, and the markets seem to agree. For the Washington ... More »

 Feds Seek Expanded Power 
 to Seize Shaky Companies  

Treasury sec should be able to seize non-bank firms, says administration

(Newser) - The Obama administration is expected to ask Congress for expanded powers that would let the Treasury secretary seize insurers, hedge funds, and other non-bank financial companies whose failure would imperil the economy, reports the Washington Post. While negotiations are ongoing, the plans to expand Treasury authority would represent a major... More »

ANALYSIS

 Geithner Wins Over Wall Street 

Careful roll out of asset plan helps Treasury secretary get his credibility back

(Newser) - The carefully orchestrated roll out of the federal plan to buy toxic assets has won Tim Geithner Wall Street's support in the nick of time, Jackie Calmes writes in the New York Times. The Treasury secretary—whose plan was slammed when the "framework" was unveiled last month—could scarcely... More »

OPINION

 Hey Paul Krugman, 
 Your Country Needs You 

Why aren't you in the administration?

(Newser) - The latest video to shake up YouTube is a song plea that critical columnist Paul Krugman join the Obama administration and fix the economy. "Hey Paul Krugman, where the hell are you, man? Why aren't you in the administration?" sings songwriter Jonathan Mann. "When I listen to you... More »

MARKETS

 Dow Rockets Nearly 500 Points 

Geithner's plan wins positive reviews from Street

(Newser) - Stocks locked in big gains today with the rally sparked by the rollout of the Treasury’s financial rescue plan, the Wall Street Journal reports. Financials led advances, with Citigroup and Bank of America up 24% and 19%, respectively. The Dow jumped 497.48 to 7,775.86. The Nasdaq... More »

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Citigroup Bank of America Dow Jones rally Nasdaq Treasury Department S&P 500 Timothy Geithner

OPINION

 Krugman in 
 'Despair' Over 
 Toxic Asset Plan 

Dressing up Paulson's failed solution is no solution at all

(Newser) - Paul Krugman has been downbeat for weeks on the Obama efforts to rescue the economy, but today he hits a new low. “This is more than disappointing. In fact, it fills me with a sense of despair,” writes Krugman in the New York Times of the White House... More »

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Barack Obama Henry Paulson Paul Krugman financial crisis financial meltdown Timothy Geithner toxic assets

UPDATED
(Newser) - Stocks sprinted out of the gates today, the Wall Street Journal reports, spurred by the Treasury’s long-awaited toxic asset plan. The Dow was up 316 just after noon, while the Nasdaq and S&P 500 added 4.1% and 4.5%, respectively. Banking stocks were the biggest winners, with... More »

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