Category: treasury departmentBy Uppity Woman on Apr 10, 2009 in General Motors & Chrysler, treasury department | 50 Comments
Well would you look at the Piece of Crap GM hopes to put on the road? A death trap named PUMA, of all things. How come Ralph Nader doesn’t spend more time doing what he was actually good at instead of running for President? There was a time when Ole Ralph would have had a [...]
By John Batchelor on Apr 9, 2009 in American Consumers, Banking Institutions, Current Affairs, Economic Stimulus, Economy, International Monetary Fund, Tim Geithner, treasury department | 7 Comments
Editor’s UPDATE: Below the fold, there’s a pithy, explanatory description of what the T.A.R.P. oversight panel (Chair Elizabeth Warren et al.) concluded in its worrisome report on Treasury’s handling (or not) of the economy’s downturn. John Batchelor: From my blog. Don’t miss Larry Johnson on my show Sunday nights. Watch for NoQuarter’s promo on Sundays. [...]
By SusanUnPC on Apr 8, 2009 in Current Affairs, Open Thread, Tim Geithner | 17 Comments
By John Batchelor on Apr 7, 2009 in American Consumers, Banking Institutions, Economic Stimulus, Economy, Tim Geithner, Toxic Assets, treasury department | 2 Comments
From the John Batchelor Show blog. Susan’s Note:I can’t state enough how important it is to read this article. ………………..^………………..^………………..^……………….. Pirate Bankers Rising. Francesco Guerrera, FT, reported to my financial roundtable on the show, Sunday 5, that the bankers are preparing to game the junk assets on their books. Here is the part of the [...]
By SusanUnPC on Apr 2, 2009 in Auto Industry, Economy, Tim Geithner, treasury department | 22 Comments
When even MSNBC’s Obama cheerleader Rachel Maddow is reporting on Geithner’s inability to attract qualified staff — and she says that Obama confesses he can’t “give the jobs away”! — it’s truly worrisome. I hear that major business executives call and call and call, and can’t get anyone to RETURN their phone calls! This is [...]
By Larry Doyle on Apr 1, 2009 in Current Affairs, Economy, treasury department | 10 Comments
**Sorry for the blurred transcription.** The markets, overall, experienced a very solid rebound this month. Technically, the market got oversold bottoming out on March 6th when the S&P 500 hit the devilish level of 666!! Perhaps some divine intervention prevailed and shed a wee bit of grace on the market in the spirit of Saint [...]
By Larry Johnson on Mar 30, 2009 in Auto Industry, Commerce, Current Affairs, Economic Stimulus, Economy, G20, General Motors & Chrysler, Governance, President Barack Obama, Tim Geithner, Tom Daschle, U.S. Treasury, Workers, treasury department | 156 Comments
(This is essential reading that I bumped up – Susan) Remember when George Bush and Dick Cheney could rely on the many in the media to help them euphemize that dirty word, “torture?” It wasn’t torture, it was “enhanced interrogation.” That’s like calling the amputation of a leg, “enhanced skin removal below the waist.” For [...]
By SusanUnPC on Mar 29, 2009 in Auto Industry, Current Affairs, David Axelrod, Economic Stimulus, Economy, John Batchelor, Larry Johnson, President Barack Obama, Stimulus Plan, Tim Geithner, Unitary Executive Powers/Signing Statements | 125 Comments
With auto company bailouts highly unpopular with the citizenry, President Barack Obama, who will speak later Monday, felt compelled to shake things up. To be blunt, as Allahpundit puts it, “If you want taxpayer money, you’re going to have to do things The One’s way.” The WSJ reports that GM’s Rick Wagoner and Fritz Henderson [...]
By John Batchelor on Mar 28, 2009 in AIG, Current Affairs, Economic Stimulus, Economy, John Batchelor, Larry Johnson, Tim Geithner | 28 Comments
Editor’s Note: Eat your eggs before you watch this video. South Park silences the brains of the most ponderous characters in the United States Treasury. September 15 and 16 2008 come to this. The Republic was as headless as a chicken. Is it better today? AIG is the answer.
By Larry Doyle on Mar 27, 2009 in Barack Obama, Campaigns & Campaign Financing, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 28 Comments
There is NO doubt that our financial markets and financial firms will experience significant changes in regulation on a going forward basis. Turbo-Tim Geithner laid out those plans this week. President Obama is hosting the heads of the major banks at noon today to lay the groundwork for the universal acceptance of the new rules, [...]
By Larry Doyle on Mar 27, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Economy, FDIC, Mortgage Crisis, Real Estate, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 12 Comments
The other day, I provided a cursory overview of the details embedded in the recently proposed Public-Private Investment Partnership, Will Banks Truly Sell these Toxic Assets? The main point I tried to highlight in that piece was the need for true price discovery for these toxic assets. A loyal reader provided tremendous insight in highlighting [...]
By SusanUnPC on Mar 27, 2009 in Congress (House & Senate), Secretary of State Hillary Clinton, State Department, State Department Press Briefings, Tim Geithner, Toxic Assets | 50 Comments
“She looks presidential.” No, she doesn’t. Yes, she does! Oh, honestly. Jesus Christ on a pogo stick! BESIDES: I can’t believe how the rightwing has walked right into Obama’s set-up, his favorite play with the magician’s “sleight of hand” to distract people, to keep the rightwing obsessing about brown people in Mexico causing WAR (!) [...]
By SusanUnPC on Mar 26, 2009 in Corruption, Economy, Open Thread, Stimulus Plan, Tim Geithner | 10 Comments
I took notice that Timmy Geithner rolled out his big regulation scheme after the horses have already left the barn and are galloping free without restraints, freed from the reins, the saddles, the crops, or the boots in their bellies. Yes, the scheme arrives after he’s created a “toxic assets” plan that’s a one-sided bet, [...]
By SusanUnPC on Mar 26, 2009 in AIG, Larry Summers, Middle America, President Barack Obama, Tim Geithner, Toxic Assets | 36 Comments
The plutocrat pigs are at our trough again, thanks to one Timothy Geithner and one Lawrence Summers. Well, if you have seen my posts featuring interviews or columns by Princeton’s Paul Krugman, Nobel Laureate in Economics, you know Geithner’s “toxic assets plan,” announced Monday under Geithner’s, not Obama’s name, is designed to 1) Avoid any [...]
By SusanUnPC on Mar 26, 2009 in AIG, Economic Stimulus, Economy, President Barack Obama, Tim Geithner, Toxic Assets | 22 Comments
From Reuters: Geithner’s global dilemma Mar. 25 – U.S. Treasury Secretary Timothy Geithner caused a ruckus in foreign exchange markets after conflicting comments on the dollar’s role as the world’s reserve currency. His comments follow a growing European backlash against parts the Obama administration’s economic revival strategy. Speakers: Mirek Topolanek, prime minister, Czech Republic; Meg [...]
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