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reason.com - 28 days ago

Geithner Backstairs Intrigue Awarded $13 Billion Directly to Goldman Sachs, Merrill Lynch (RIP), ...

— reason.com — Here's something Goldman Sachs, Treasury Secretary Tim Geithner, Federal Reserve Chairman Ben Bernanke, American International Group's former CFO, and Goldman's former chairman have all declined to comment on: While negotiating how much ... (more) Geithner Backstairs Intrigue Awarded $13 Billion ...

White House

Timothy Geithner

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thehill.com - 22 days ago

Cantwell 'not sure' why Geithner has job

— thehill.com — Sen. Maria Cantwell (D-Wash.) said that she's "not sure" why Treasury Secretary Tim Geithner still has a job on Monday morning. Cantwell ripped into the financial reforms put forth by Geithner and the Obama administration as "appalling" for including ... (more) Cantwell 'not sure' why Geithner has job

White House

Timothy Geithner

Barack Obama

Maria Cantwell

Comments vote downundo vote up The Huffington Post | Full News Feed found this 22 days agofound this

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thehill.com - 26 days ago

Geithner rejects $1 trillion limit on bailout power

— thehill.com — In my questioning of Treasury Secretary Timothy Geithner before the Financial Services Committee on Wednesday, I focused on the new bailout authority included in the 618-page legislative proposal submitted by the Treasury Department. In my opinion, ... (more) Geithner rejects $1 trillion limit on bailout power

White House

Timothy Geithner

TARP

Bailout Plan

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Blog Reactions

Instapundit:  STIMULUS! Geithner ‘burned billions’ on CIT….

Blogs For Victory:  Our Money, Up in Smoke

Clayton Cramer's BLOG:  So The Government Doesn't Even Get The Deal That I Get?

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Geithner 'burned billions' of taxpayer dollars on failed CIT Group #business http://bit.ly/4mzyjZ 21 days ago

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STIMULUS! Geithner ‘burned billions’ on CIT….
Instapundit — STIMULUS! Geithner ‘burned billions’ on CIT.

Our Money, Up in Smoke
Blogs For Victory — Thank you, Obama and co: Treasury Secretary Tim Geithner is directly to blame for taxpayers’ loss of $2.3 billion in the CIT bailout, says professor William Black of the University of Missouri-Kansas City School of Law and a former federal bank regulator. “We put ourselves on the hook in a completely inept way where we lose first. We lose entirely as the taxpayers.” Black specifically faults Geithner for negotiating an arrangement in which CIT can repay its senior creditors 70 cents on the dollar in bankruptcy, but taxpayers ...

So The Government Doesn't Even Get The Deal That I Get?
Clayton Cramer's BLOG — ... threw CIT to the edge of bankruptcy--and now, they are offering bondholders the chance to exchange our very nice, high coupon bonds for bonds that (in my case), are worth about 70% of the face value of the old bonds--and we get a small amount of stock in CIT, as well. It's a disappointing result, but the first time that any bond that I have bought has actually reached such a poor condition. But now I see that I may come out ahead of the federal government on this deal. David Freddoso tells us: Black specifically faults Geithner for negotiating an ...