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ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen... Full Article at ABC News
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8:59am UK, Sunday November 08, 2009 Katie Cassidy, Sky News Online Pressure is growing on Gordon Brown over his handling of the economic crisis after the US treasury secretary rejected the PM's plans for a 'bank tax'. Full Article at Sky News
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland. View Photo »
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If we put the brakes on too quickly we will weaken the economy and the financial system, unemployment will rise, more businesses will fail, budget deficits will rise, and the ultimate cost of the crisis will be greater
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Nov. 8 (Bloomberg) -- Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone. Full Article at Bloomberg.com
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ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen... Full Article at Reuters
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ST. ANDREWS, SCOTLAND — Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured but failed to reach a clear agreement to bear the cost of fighting climate change. Full Article at The Clarion-Ledger
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland. View Photo »
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The timing was awkward. The government shut down $4.7 billion-asset Park National on the same day that its community development arm, Park National Bank Initiatives, received $50 million from Treasury Secretary Timothy Geithner at a ceremony in Chicago. That money is intended to stimulate investment in ...
SOURCE: The Big Picture -
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ST. ANDREWS, Scotland -- Finance officials from rich and developing countries pledged Saturday to maintain emergency support for their economies until recovery is assured but failed to reach a clear agreement to bear the cost of fighting climate... Full Article at GoErie.com
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U.S. Treasury Secretary Timothy Geithner yesterday turned a cold shoulder to British Prime Minister Gordon Brown's call for a global tax on financial transactions by banks. Full Article at Pittsburgh Post-Gazette
About Timothy F. Geithner
Wikipedia
Timothy F. Geithner (born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC). Full Article
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (L) chats with Bill Leavy during a tour of the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (C) and Chicago Mayor Richard Daley tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner chats with Lorine Baker (R) during a tour of the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner speaks following a tours the Greater West Town Community Development Project October 29, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (R) stands next to Chicago Mayor Richard Daley as they wait to speak following a tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner speaks following a tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (C) tours the Greater West Town Community Development Project October 29, 2009 in Chicago, Illinois.
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner (C) chats with Chicago Alderman Walter Burnett (L), U.S. Congressman Danny Davis (2nd from right) and U. S. Senator Roland Burris (R) during a tour of the Greater West Town Community Development Project October 30, 2009 in Chicago,...
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CHICAGO - OCTOBER 30: Treasury Secretary Tim Geithner speaks following a tour the Greater West Town Community Development Project October 30, 2009 in Chicago, Illinois.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner arrives for a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner (R) speaks with a congressman before a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner shuffles his papers after speaking during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner arrives during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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WASHINGTON - OCTOBER 29: U.S. Secretary of the Treasury Timothy F. Geithner stands during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
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Turkish Finance Minister Ali Babacan (R) shakes hand with U.S Treasury Secretary Timothy Geithner during a special meeting on the International Monetary Fund's release of the 2009 World Economic Outlook at the Istanbul Congress Center in Istanbul on October 4, 2009.
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ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, British Chancellor of the Exchequer Alistair Darling (L), French Finance Minister Christine Lagarde (C) and U.S. Treasury Secretary Tim Geithner (R) talk after their G-7 meeting at the Istanbul Congress Center Oct...
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ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, US Treasury Secretary Tim Geithner (L) talks with Italy's Governor Mario Draghi (R) prior to the start of their G-7 meeting at the Istanbul Congress Center October 3, 2009 in Istanbul, Turkey.
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
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If we put the brakes on too quickly we will weaken the economy and the financial system, unemployment will rise, more businesses will fail, budget deficits will rise, and the ultimate cost of the crisis will be greater
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The timing was awkward. The government shut down $4.7 billion-asset Park National on the same day that its community development arm, Park National Bank Initiatives, received $50 million from Treasury Secretary Timothy Geithner at a ceremony in Chicago. That money is intended to stimulate investment in ...
SOURCE: The Big Picture -
If we put on the brakes too early, we will weaken the economy and the financial system, unemployment will rise, more businesses will fail, budget deficits will rise, and the ultimate cost of the crisis - economic cost and fiscal cost - will be greater
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Rockefeller's greed eventually backfired, leading to 'Teddy Roosevelt's trust-busting crusade,' which broke up Standard Oil. But Goldman has Washington wired with its friends, from Treasury Secretary Tim Geithner to the new head of enforcement at the Securities and Exchange Commission -- a Goldman alum....
SOURCE: Huffington Post -
Yesterday’s jobs numbers in the United States reinforced that this is still a very tough economic environment
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A lot of people have looked at AIG as a Paulson bailout ... In fact, it was a Tim Geithner bailout. Hank was in Washington and had very little to do with it. It was Tim’s deal. The terms of the deal are Tim’s. He was the man at the table. He went to Ben to get approval. But this was a Tim Geithner produ...
– Andrew Ross Sorkin SOURCE: The Daily Beast -
This is a very tough economy ... It's only been three initial months of positive growth. It's going to take some time for unemployment to come down, for jobs to get created again.
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A lot of people have looked at AIG as a Paulson bailout ... In fact, it was a Tim Geithner bailout. Hank was in Washington and had very little to do with it. It was Tim’s deal. The terms of the deal are Tim’s. He was the man at the table. He went to Ben to get approval. But this was a Tim Geithner produ...
– Andrew Ross Sorkin SOURCE: The Daily Beast -
Unemployment is worse than almost everybody expected ... But growth is back a little more quickly, a little stronger than people thought.
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Tim Geithner had all the negotiating power in the world; he didn't use it. Tim Geithner continues to be the voice of Wall Street, not Main Street
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The growth was broad-based. It was investment, exports, consumption, housing for the first time. And it shows that, you know, just five months after the President came into office, we got growth restarted. But it's just the beginning. And we got a ways to go. Unemployment's high and still rising
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The Associated Press rakes a little muck onto Tim Geithner's shoe this morning courtesy of his own phone records
SOURCE: Huffington Post -
For every person out of work, for every family facing foreclosure, for every small business facing a credit crunch, the recession remains alive and acute
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Tim Geithner saved them on terms extremely favorable to the banks ... What gets me is that the banks have continued to oppose consumer protection. How can they be opposed to consumer protection as defined by a man who is the most favorable Treasury secretary they have had in a generation...It is unconsc...
SOURCE: Counterpunch -
Unemployment remains unacceptably high for every person out of work. For every family facing foreclosure, for every small business facing a credit crunch, the recession remains alive and acute
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I'm on the phone for three or four more minutes and [my assistant] comes back and says, 'Tim Geithner is on the phone and he wants to talk to you now!' ... Tell Tim Geithner to get [bleep].
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Unemployment remains unacceptably high for every person out of work. For every family facing foreclosure, for every small business facing a credit crunch, the recession remains alive and acute
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I'm on the phone for three or four more minutes and [my assistant] comes back and says, 'Tim Geithner is on the phone and he wants to talk to you now!' ... Tell Tim Geithner to get [bleep].
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We simply cannot walk away from the worst financial crisis since the Great Depression and not do everything in our power to reform the system
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Some of Treasury Secretary Timothy Geithner's closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms
SOURCE: ABC News -
Everyone is going to have to come to terms with the fact that we are going to save more in the United States
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I consider very important for the stability of the exchange rates and the prosperity of the global economy that (U.S. Federal Reserve) Chairman Ben Bernanke, Treasury Secretary Tim Geithner and President (Barack) Obama underline 'that a strong dollar is in the interest of the US'
SOURCE: International Business Times -
For the IMF, this means that rigorous surveillance must help us shed light on trends that could lead to the next unsustainable boom
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Generally federal agencies are wary of using funding mechanisms that might give the appearance that they have been 'captured' by the very institutions they are charged with regulating. But apparently FDIC chair Sheila Bair would rather pursue this cockeyed strategy than ask sparring partner -- Treasury ...
SOURCE: The Progressive -
The IMF will need to be a truth-teller
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