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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Timothy Geithner

Timothy Geithner stories: 181 news summaries

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 Treasury 
 Unveils $1T Plan 
 to Clean Up Toxic Assets 

Three-part program will push investors to buy toxic assets

Mar 23, 09 8:09 AM CDT
(Newser) - The Treasury unveiled its three-part Public-Private Investment Program today, reports the Wall Street Journal. Under the program, up to $100 billion in TARP funds will be partnered with private investments to buy troubled assets. The Treasury, Federal Reserve, and FDIC will work with hedge funds and private equity to try... More »

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Federal Reserve • FDIC • Obama administration • financial crisis • Timothy Geithner • TALF • Public-Private Investment Program

OPINION

 Geithner: 
 'These 
 Policies 
 Will Work' 

Treasury sec lays out $1T plan in op-ed

Mar 23, 09 7:00 AM CDT
(Newser) - Tim Geithner caps a weekend of lobbying for the administration's $1 trillion Public-Private Investment Program in an op-ed for the Wall Street Journal, arguing that "the financial system as a whole is still working against a recovery." For the Treasury secretary, all the previous measures will fail... More »

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Treasury Department • mortgage backed securities • Obama administration • Treasury secretary • financial crisis • Timothy Geithner • TALF • Public-Private Investment Program

 Feds Look for 
 Privately Funded 
 $1T Bailout 

Geithner talks up private capital ahead of today's announcement

Mar 23, 09 5:37 AM CDT
(Newser) - The Treasury today unveils its three-part public-private plan to purchase $1 trillion in troubled assets, offering lucrative subsidies to private investors to encourage them to participate. The Obama administration spent the weekend wooing hesitant private investors—hedge funds, private equity firms, and sovereign wealth funds—who fear future regulation or... More »

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Barack Obama • private equity • sovereign wealth funds • hedge funds • Obama administration • financial crisis • Timothy Geithner • TALF

TALK SHOW ROUNDUP

 Bloomberg: Geithner's 
 'the Guy I Would Want' 

Frank: Let's sue AIG; Gregg: Congress unruly

Mar 22, 09 11:17 AM CDT
(Newser) - Amidst calls for his ouster, Timothy Geithner can bank on big name supporters: Arnold Schwarzenegger told NBC’s Meet the Press he has confidence in the embattled Treasury secretary, while Michael Bloomberg added that Geithner “is exactly the guy that I would want.” On Fox News Sunday, Christina... More »

MORE ABOUT:
Arnold Schwarzenegger • Michael Bloomberg • talk show • AIG • Timothy Geithner • Christina Romer • executive bonuses

OPINION

 Hey, Barack: 
 Get Tough 
 Like Michelle 

Prez, Geithner must quit 'coddling' Wall Street: Dowd

Mar 22, 09 11:04 AM CDT
(Newser) - Michelle Obama said her husband would be pulling garden weeds whether he “liked it or not”—and the president could take a page from her book, writes Maureen Dowd in the New York Times. Obama and the Treasury secretary “have been coddling the Wall Street elite,”... More »

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Wall Street • Michelle Obama • Maureen Dowd • AIG • Obama administration • President Obama • Timothy Geithner

 Obama: Geithner's Job Is Safe 


Mar 21, 09 10:09 PM CDT
(Newser) - Barack Obama has a message for those who want Tim Geithner out at Treasury: Forget about it. And if Geithner himself decides he's had enough and tries to resign, the president has a ready answer: "Sorry, Buddy, you've still got the job." In an interview with 60 Minutes... More »

MORE ABOUT:
60 Minutes • interview • Treasury secretary • President Obama • Timothy Geithner • Obama Cabinet

(Newser) - The Obama administration’s new plan for dealing with toxic bank assets is “creating massive moral hazard,” Paul Krugman blogs in the New York Times. The idea of providing taxpayer money to insure the purchase of possibly worthless assets is equivalent to the poor practices laid bare... More »

MORE ABOUT:
recession • Treasury Department • Paul Krugman • private investors • Obama administration • Timothy Geithner • TARP • toxic assets

(Newser) - The Treasury's new chief of staff once fought for the very executive bonuses Washington is trying to curb. When working for Goldman Sachs, Mark Patterson lobbied against a 2007 bill supported by Barack Obama to help limit Wall Street payouts. The initiative died in Senate committee. "Whatever Patterson had... More »

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Goldman Sachs • lobbying • Treasury Department • Timothy Geithner

OPINION

 Noonan to Obama: Get Focused 

President has to stop bouncing around

Mar 20, 09 9:19 AM CDT
(Newser) - There are two crises facing the new president, writes Peggy Noonan in the Wall Street Journal: the economy and the threat of terrorism. Either one would warrant near-obsessive focus, but President Obama can’t seem to zero in. “What strikes one is the weightlessness of the Obama administration, the... More »

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Barack Obama • terrorism • Treasury Department • economy • Obama administration • Timothy Geithner

(Newser) - President Obama played the role of talk-show guest tonight with Jay Leno, mixing in jokes about his bowling game (up to 129) and Final Four picks (all from swing states) with a lengthy discussion of fiscal policy, the New York Times reports. He professed himself "stunned" by the AIG... More »

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Jay Leno • late night talk show • Tonight Show • President Obama • Timothy Geithner

(Newser) - Treasury chief Tim Geithner said today that he asked Chris Dodd to add a stimulus loophole allowing AIG to dole out bonuses. Geithner told CNN he felt he had no choice because the government would have been vulnerable to lawsuits if it tried to stop them. "But we also... More »

MORE ABOUT:
Chris Dodd • AIG • bonuses • Treasury secretary • Timothy Geithner

OPINION

Anger? Now That Would
Be a Bonus

'Baby' Geithner, Obama should be more worked up over AIG: Collins

Mar 19, 09 10:28 AM CDT
(Newser) - Thank meek Tim Geithner for the wrath coming from the New York Times today. “We need a Treasury secretary so terrifying that if you were stuck in an elevator alone with him, you would just hand over your wallet,” Gail Collins writes. “And I’m totally angry... More »

MORE ABOUT:
Charles Grassley • AIG • Edward Liddy • financial crisis • President Obama • Timothy Geithner

ANALYSIS

Geithner Swinging in Wind After Fed Drops AIG Ball

Treasury says Fed kept them in dark, despite sec's previous role

Mar 19, 09 8:35 AM CDT
(Newser) - Officials at the Fed knew about AIG's plan to award $165 million in bonuses for months but failed to tell the Obama administration, reports the Washington Post. Treasury Secretary Tim Geithner said this week he was "stunned when I learned how bad this was"—belatedly on March 10—... More »

MORE ABOUT:
Barack Obama • executive compensation • Federal Reserve • AIG • Federal Reserve Bank of New York • Timothy Geithner • Paul Kanjorski

ANALYSIS

 How Obama Can 
 Reboot Geithner 

Treasury sec needs a freer hand and more staff to survive

Mar 19, 09 7:55 AM CDT
(Newser) - Three times in 3 days the president has had to offer a defense of Tim Geithner, who will almost certainly remain Treasury secretary despite calls to resign. As Eamonn Javers reports in Politico, the White House now has to perform some crisis management: Keep Geithner out of the spotlight, allow... More »

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Barack Obama • AIG • Treasury Department • crisis management • Treasury secretary • Timothy Geithner

Frank's House Panel to Grill Geithner Twice

Another Republican congressman calls
for him to resign

Mar 18, 09 4:17 PM CDT
(Newser) - As criticism of Treasury Secretary Timothy Geithner mounts, he is scheduled to take his place on the hot seat next week, the Wall Street Journal reports. Geithner will appear before Barney Frank's House panel—the same one grilling AIG chief Edward Lilly today—Tuesday and Thursday. Two Republican congressmen, Connie... More »

MORE ABOUT:
Congress • AIG • bonuses • Barney Frank • Treasury secretary • Timothy Geithner

 Just Quit, 
 Geithner: 
 GOP Rep. 

AIG bonuses is latest of Tim's failings: Mack

Mar 18, 09 1:35 PM CDT
(Newser) - The AIG bonus flap is the last straw for Rep. Connie Mack, who today called for Treasury Secretary Timothy Geithner to resign or be fired, USA Today reports. “The scandal is but the latest fiasco under his watch,” said the Florida Republican, the first among GOP congressmen to... More »

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GOP • AIG • bonuses • House Republicans • Treasury secretary • President Obama • Timothy Geithner • Connie Mack

(Newser) - All the hubbub around AIG and its bonuses is “a complete farce,” Larry Kudlow writes in the National Review. No one should be surprised that those in charge have “completely bungled” the situation. “The government shouldn’t run anything, because it cannot run anything,” Kudlow... More »

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executive compensation • AIG • credit crisis • bonuses • Obama administration • Wall Street bailout • President Obama • Timothy Geithner • TARP • Larry Kudlow

OPINION

White House Foists Bonus Blame on Dodd

Guilty Obama officials seek to shift AIG fault, press plays along

Mar 18, 09 9:31 AM CDT
(Newser) - The White House is trying to pass the AIG bonus blame to Sen. Chris Dodd, pointing to his hand in an executive-compensation clause inserted into the stimulus bill—and journalists are letting it happen, writes Glenn Greenwald in Salon. Actually, the bonuses were only possible because the Obama administration insisted... More »

MORE ABOUT:
New York Times • Chris Dodd • AIG • bonuses • economic stimulus package • Larry Summers • Timothy Geithner

 Geithner: We'll 
 Deduct AIG 
 Bonuses From 
 Next Bailout 

Insurer will be forced to return $165 million, treasury boss says in letter

Mar 18, 09 4:43 AM CDT
(Newser) - Treasury Secretary Tim Geithner promised last night that taxpayers wouldn't be paying a penny toward AIG's massive executive bonuses, Bloomberg reports. He explained in a letter to lawmakers that the government would require the insurer to pay back the $165 million from company operations and that an equal amount would... More »

MORE ABOUT:
executive compensation • AIG • bonuses • bailout • Wall Street bailout • Timothy Geithner

(Newser) - The AIG fury grows. The White House today found itself defending Treasury chief Tim Geithner's handling of the bonus mess as congressional anger rose. Under siege by reporters about why the Obama administration didn't act sooner, spokesman Robert Gibbs said the president retains full confidence in Geithner, the Los Angeles ... More »

MORE ABOUT:
Wall Street • AIG • bonuses • Robert Gibbs • President Obama • Timothy Geithner

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