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Politics Barack Obama


  • Farrell: 'Timmy' Geithner Doesn't Need Lassie Wednesday, 11 Feb 2009 | 9:29 AM ET
    Vince Farrell

    Lassie was a gorgeous Collie that was Timmy's constant companion. Trouble would befall Timmy in the first half of the show and Lassie would spend the second half saving him. Well, Timmy Geithner is on his own and there ain't no rescue coming.

  • Wall Street Knows What It Wants Wednesday, 11 Feb 2009 | 9:16 AM ET

    Futures are essentially flat this morning, but don't kid yourself. Every comment from traders I have received this morning sings the same song: we must get government policy sorted out in the next few weeks, or the market will make new lows.

  • Is Tim Geithner Ready for Prime Time? Wednesday, 11 Feb 2009 | 8:22 AM ET
    Treasury Secretary Timothy Geithner

    Geithner would have been better off not giving a speech until he could put real meat on the bones. What he pulled Tuesday was a classic rookie move that will further erode the public’s trust in his capabilities.

  • Dow Skids Nearly 400 After Bailout Is Revealed Tuesday, 10 Feb 2009 | 5:21 PM ET

    US stocks fell sharply Tuesday, led by banks, as details of the government’s latest bank bailout plan trickled out.

  • Intel's Otellini Talks To Me About Big Expansion Tuesday, 10 Feb 2009 | 5:06 PM ET

    I just got finished speaking with Paul Otellini, Intel's CEO, about his company's massive expansion plans, announced earlier today, and he tells me while his news wasn't enough to turn red ink into black on Wall Street, it did bring a smile to the face of at least one person.

  • Five Reasons the Markets Don't Like the Bank Bailout Tuesday, 10 Feb 2009 | 4:59 PM ET
    NYSE trader

    "I'm really underwhelmed by the plan," says one market pro. "Maybe there's not much that can be done right now other than let this work itself out."

  • OK, That's Your Plan—Now Where's The Money? Tuesday, 10 Feb 2009 | 4:21 PM ET

    Critics say the financial-aid plan doesn't offer a convincing strategy on toxic assets and leaves funding unclear.

  • Mr. Geithner Bombs In His Debut Tuesday, 10 Feb 2009 | 4:04 PM ET

    Secretary Geithner gave his long-awaited speech, speaking of the need to fund new buying of asset-backed securities, of helping private equity purchase old assets through a public/private investment fund, of foreclosure mitigation, and a new capital infusion into banks that pass a "stress test."

  • "Higher Risk" Trades Unwind Tuesday, 10 Feb 2009 | 2:16 PM ET

    The "higher risk" trade is unwinding. In the last week, there has been a simple trade: lighten up on defensive positions, take on more risk.

  • Stocks Tumble as Bailout Plan Is Unveiled Tuesday, 10 Feb 2009 | 1:54 PM ET

    US stocks fell sharply Tuesday, led by banks, as details of the government’s latest bank bailout plan trickled out.

  • GM Cuts Again, And It's Likely Not The Last Tuesday, 10 Feb 2009 | 12:50 PM ET
    General Motors

    GM is trying to pull off a very tricky and painful double play. On one hand it is moving as quickly as possible to downsize the second largest auto maker in the world. On the other, it is trying to show Washington lawmakers that it is a viable company worthy of more government aid.

  • Obama's First 100 Days: What He's Done So Far Tuesday, 10 Feb 2009 | 12:29 PM ET

    The Obama administration's financial-rescue plan contains a number of measures meant to ease the credit crunch, including a public-private initiative to take bad assets off of banks' balance sheets.

  • Geithner Disappoints With Lack Of Details Tuesday, 10 Feb 2009 | 12:18 PM ET

    The Dow dropped 250-points as Geithner's speech came out. The Street was clearly disappointed that it lacked the details everyone wanted to hear.

  • Remarks by Treasury Secretary Tim Geithner Tuesday, 10 Feb 2009 | 11:59 AM ET
    Treasury Secretary Timothy Geithner

    Below is the full speech by Treasury Secretary Timothy Geithner:

  • Intel Announces Stunning Domestic Investment Tuesday, 10 Feb 2009 | 11:51 AM ET
    Intel's headquarters in Santa Clara, California.

    Anyone who has covered Intel during its 41-year history knows the company's strategy during tough economic times: You gotta spend money to make money, with today's announcement, Paul Otellini set a new standard.

  • Geithner Unveils New Plan To Bail Out US Banks Tuesday, 10 Feb 2009 | 11:45 AM ET

    Treasury Secretary Geithner unveiled a revamped financial rescue plan to clean up to $500 billion in bad assets and support $1 trillion in new lending

  • Sell On The News? Tuesday, 10 Feb 2009 | 11:13 AM ET

    Bank stocks and the rest of the market dropped as details of the Geithner speech have leaked out.

  • Busch: Everyone Working Together? Tuesday, 10 Feb 2009 | 10:34 AM ET

    President Barack Obama went on the PR offensive against the members of Congress that are not supporting the stimulus package, says Andrew Busch.

  • Overview of the Treasury Financial Stability Plan Tuesday, 10 Feb 2009 | 10:26 AM ET

    The Obama Administration unveiled a comprehensive Financial Stability Plan on Tuesday. Here is a summary of the Treasury's latest bank-rescue plan.

  • Financial Plan To Focus on Consumer, Business Aid Tuesday, 10 Feb 2009 | 10:20 AM ET

    The Treasury's latest financial-rescue plan is expected to use a variety of methods to take bad assets off of banks' books, including encouraging private firms to buy up the toxic debt, sources told CNBC.