GO
Loading...

Timothy Geithner

More

  • Bernanke says he was reluctant on AIG bailout Friday, 10 Oct 2014 | 3:13 PM ET

    WASHINGTON— Former Federal Reserve Chairman Ben Bernanke etched a portrait Friday of his initial reluctance to have the central bank rescue American International Group Inc. in 2008. But he ultimately came to believe the $85 billion bailout loan to the company was needed to avert a shock to the financial system. "I did not make any personal judgments about the...

  • Bernanke defends AIG bailout in court Thursday, 9 Oct 2014 | 3:09 PM ET

    WASHINGTON— Former Federal Reserve Chairman Ben Bernanke testified in federal court Thursday that insurance giant American International Group Inc. had to be rescued by the government in 2008 to avert global catastrophe. Bernanke was one of the key decision makers on the bailout, which began with an $85 billion rescue loan from the New York Federal Reserve...

  • WASHINGTON, Oct 9- Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group in 2008, in a fourth day of testimony by former top government officials looking to convince a federal judge that the rescue of the insurance company was legal. Former AIG Chief Executive Hank...

  • WASHINGTON, Oct 8- Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government's efforts to rescue the insurance company as it stood minutes from bankruptcy. The questions came in the...

  • Business Highlights Wednesday, 8 Oct 2014 | 5:56 PM ET

    WASHINGTON— Workers who fill customer orders for Internet retailer Amazon might be out of luck in their quest to be paid for time they spend going through security checkpoints each day. Several Supreme Court justices expressed doubts Wednesday during arguments over whether federal law entitles workers to compensation for security measures to prevent...

  • Geithner defends terms of AIG bailout Wednesday, 8 Oct 2014 | 2:58 PM ET

    WASHINGTON— Former top regulator Timothy Geithner defended terms of the U.S. government's bailout of American International Group Inc., saying Wednesday that the insurance giant's exceptionally risky behavior had caused losses that called for strict treatment. In trial testimony, Geithner said he and his colleagues at the Fed and the Treasury Department...

  • WASHINGTON, Oct 8- Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government's efforts to rescue the insurance company as it stood minutes from bankruptcy. The questions came in the...

  • Geithner grilled in court over AIG bailout Wednesday, 8 Oct 2014 | 12:02 AM ET

    WASHINGTON— Timothy Geithner, a key player in the U.S. government's 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant's former CEO over the handling of the rescue. The $85 billion loan package for AIG, which was teetering toward bankruptcy in September 2008, gave the government...

  • Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc in September 2008, saying it was necessary to prevent the country from plunging into a second Great Depression. Geithner's comments came in testimony in the trial of a lawsuit brought by Hank Greenberg, a major AIG shareholder until the...

  • WASHINGTON, Oct 7- Former U.S. Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc in September 2008, saying the action was necessary to prevent the country from plunging into a possible second Great Depression. Geithner's comments came in testimony he provided in the trial of a lawsuit...

  • WASHINGTON, Oct 6- Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis. "AIG, either fairly or unfairly,... became a symbol for all that is bad on Wall Street," Paulson said as he testified about...

  • WASHINGTON, Oct 6- Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis. "AIG, either fairly or unfairly,... became a symbol for all that is bad on Wall Street," Paulson said as he testified about...

  • Tough grilling over AIG bailout     Monday, 6 Oct 2014 | 9:50 AM ET

    CNBC's Mary Thompson reports on the big week ahead for the AIG bailout trial. Former Federal Reserve Chair Ben Bernanke; former U.S. Treasury Secretary Henry Paulson; and former Federal Reserve Bank of New York President Timothy Geithner, will take the stand this week.

  • AIG headquarters in New York City.

    CNBC's Mary Thompson reports former AIG CEO Hank Greenberg's trial against the U.S. government gets underway today.

  • Revisiting the Lehman Bros bailout that never was Tuesday, 30 Sep 2014 | 6:42 AM ET
    Ben Bernanke

    For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.

  • WASHINGTON, Sept 29- One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal.

  • AIG's Greenberg sues government     Monday, 29 Sep 2014 | 10:24 AM ET

    Six years after the U.S. government bailed out AIG, the company's longtime CEO Hank "Ace" Greenberg is suing for damages, and the trial begins today. CNBC's Mary Thompson reports the details

  • WASHINGTON, Sept 29- One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal.

  • NEW YORK, Sept 25- A federal judge said former U.S. Treasury Secretary Timothy Geithner must give Standard& Poor's documents he used when writing his best-selling memoir, a ruling that could help S&P defend against the government's $5 billion fraud lawsuit over its credit ratings.

  • BEIJING, July 24- China's economy probably will grow at its slowest pace in 24 years this year, expanding by 7.4 percent, as government stimulus measures fail to fully offset the drag from a sluggish housing market, a Reuters poll showed.