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Tag Archives: Timothy Geithner
Is 9% Unemployment the New Norm?
Considering this: “Nearly half of the unemployed—45.9%—have been out of work longer than six months, more than at any time since the Labor Department began keeping track in 1948…Overall, seven million Americans have been looking for work for 27 weeks … Continue reading
Posted in economy, Obama, Obama administration, Politics, Unemployment
Tagged $2 trillion, 2012, 27 weeks or more, 9% or higher, Chamber of Commerce, corporations, economy, long-term unemployed, Meet The Press, onerous regulations, private investment, profits, recovered sufficiently, Republican Congress, Timothy Geithner, unemployment, White House
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Why Tim Geithner Opposes Elizabeth Warren as Head of the CFPB
Elizabeth Warren should be a no-brainer as President Obama’s choice to head the newly-created Consumer Financial Protection Bureau (CFPB). She is a long-time advocate for the rights of consumers, the person most responsible for the Bureau’s inclusion in the recently-passed … Continue reading
Posted in bailout, economy, financial reform, financial regulation, Obama administration, Politics, too big to fail, Wall Street
Tagged bankers, CFPB, Consumer Financial Protection Bureau, Elizabeth Warren, Hank Paulson, Huffington Post, John Ralston, Larry Summers, President Obama, scheme, TARP, Timothy Geithner, Wall Street
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The Geithner Solution to Regulatory Failure: More Authority for Regulators
Sure, federal regulators (like the former head of the New York Federal Reserve pictured at left) were inept, incompetent, and inadequate when it came to their ability to first foresee and then to take proper pre-emptive action based on all … Continue reading
Financial Crisis Round-Up
The constraints of time, due in large part to my newly-arrived copy of 13 Bankers, doesn’t allow extensive commentary on any of these posts from around the financial blogosphere, but all are deserving of a closer look: Speaking of 13 … Continue reading
Posted in bailout, economy, Financial Crisis, financial reform, financial regulation, Politics, too big to fail, Wall Street
Tagged 13 Bankers, Baseline Scenario, Debt Disaster Ahead, How Washington Abetted the Bank Job, Jamie Dimon, Market Oracle, McClatchy, Moody's board, New York Times, Politico, Reuters, Robert Reich, Simon Johnson, Sniveling Scamster, The Fed in Hot Water, The Most Dangerous Man in America, Thomas Hoenig, Timothy Geithner, Wall Street cabal, Zero Hedge
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Another Kabuki Dance on Consumer Financial Protection Agency
If there’s anything transparent in this administration of “openness and transparency” it’s the way the well-rehearsed and often-repeated three-act Kabuki theater plays out their alleged attempts at any major reform on any particular issue. It’s as easy to see through … Continue reading
Rubin May Testify Before Financial Crisis Commission
One of the architects of the financial meltdown, and the Godfather of the Obama economic team, might have some ‘splainin’ to do. From Bloomberg: “Robert Rubin, the former U.S. Treasury secretary who later advised Citigroup Inc. as the bank piled … Continue reading
The "Gang of Eight" on the Senate Banking Committee
Since the “Gang of Six” in the Senate Finance Committee worked out so well, and produced such outstanding results (sarc) in writing health care reform legislation, why not just repeat the process in the Senate Banking Committee as they tackle … Continue reading
Posted in Congress, Democrats, economy, Obama, Republicans, Uncategorized, Wall Street
Tagged Ben Bernanke, Bob Corker, Chris Dodd, Chuck Schumer, Jack Reed, Judd Gregg, Mark Warner, Michael CrapoJamie Dimon, Obama, openness, Richard Shelby, Senate Banking Committee, Timothy Geithner, transparency
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Paul Krugman: “What Do You Mean We”?
With all due respect to Timothy Geithner, Lawrence Summers, and the rest of President-elect Obama’s economic team, there is one name I would like to have seen included on that list–that of Nobel prize winning economist Paul Krugman. Here’s why. … Continue reading
Posted in Election 2008, Obama, Politics, Uncategorized
Tagged Lawrence Summers, New York Times, op-ed, Paul Krugman, President-elect Obama, Timothy Geithner
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