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Treasury Department

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  • Whatever They're Doing Isn't Working Monday, 9 Feb 2009 | 3:30 PM ET

    $700 billion in TARP. Billions more in TALF. The federal government has stabilized the banking system. So why can't you get a car loan?

  • Bob Lutz Retires: GM Loses Its Maverick Monday, 9 Feb 2009 | 11:23 AM ET
    Bob Lutz

    When I broke the news this morning about GM Vice Chairman Bob Lutz retiring I had mixed emotions. On one hand I thought to myself, "Good for him. If this is what he wants to do, he should do it." On the other hand, I was thinking to myself, "It's too bad he won't be 'in the arena' because this industry needs someone like Bob Lutz."

  • Buying The Geithner Package Friday, 6 Feb 2009 | 11:50 AM ET

    It's buy the rumor on the stimulus package, the Geithner package, and hopes that mark-to-market will be modified.

  • I Repeat: Time To Go, Mr. Geithner Thursday, 5 Feb 2009 | 2:20 PM ET
    Treasury Secretary Timothy Geithner

    Timothy Geithner stood alongside President Obama yesterday. Obama talked about bank compensation limits and Geithner spoke about the need for trust, confidence, and faith in our leaders to get the job done. However, Mr. Geithner is guilty of a double standard.

  • The Real Crisis In The Auto Industry Thursday, 5 Feb 2009 | 8:55 AM ET

    The suppliers are now talking with the Treasury Department about getting $20.5 Billion in federal aid. These guys are hurting, close to collapsing, and on the verge of blowing a hole through the auto industry.

  • Geithner's Assets Are Notably Lower than Paulson's Tuesday, 27 Jan 2009 | 2:40 PM ET
    Treasury Secretary Timothy Geithner

    Treasury Secretary Timothy Geithner is no Hank Paulson when it comes to his personal finances.

  • Obama’s Wounded Treasury Man Tuesday, 27 Jan 2009 | 8:45 AM ET
    Treasury Secretary Timothy Geithner

    Since Geithner is something of a wounded warrior from the tax non-payment controversy, Team Obama’s economic policy is shifting toward a Larry Summers power-center right now.

  • To Go Or Not To Go Monday, 26 Jan 2009 | 3:04 PM ET

    That is the question this year about Davos. In such troubled economic times, expected participants—from Wall Street To Washington—are dropping like flies.

  • Cramer's Outrage: Geithner and Thain Friday, 23 Jan 2009 | 7:29 PM ET

    These two guys got away with murder, but no one seems to care.

  • Bowyer: I Was Wrong About Geithner Friday, 23 Jan 2009 | 12:57 PM ET
    Jerry Bowyer

    The last thing we need is another master of the universe who feels like the rules of the moral code do not apply to him, says Jerry Bowyer.

  • Busch: You Know Things Are Bad When.... Friday, 23 Jan 2009 | 10:57 AM ET

    With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.

  • 'Bad Bank' Regains Favor As Solution for Toxic Debt Friday, 23 Jan 2009 | 10:36 AM ET

    Wall Street and Washington now favor a government-run entity to buy troubled assets from banks and other struggling financial firms.

  • Team Obama has gotten its way on the Tim Geithner nomination for Treasury Secretary - but the Democrats may rue the day, since Geithner’s lack of character and truth-telling will surely take its toll and sully President Obama’s new era of responsibility.

  • Busch: Currency Intervention Back In Style Thursday, 22 Jan 2009 | 10:31 AM ET

    With the dramatic plunge in the British pound and the dramatic rise of the Japanese yen & Swiss Franc, the rumblings from Tokyo to Zurich to London are all pointing in the direction of action, says Andrew Busch.

  • How Will Geithner Run The Treasury? Wednesday, 21 Jan 2009 | 6:13 PM ET

    Treasury Secretary-nominee Timothy Geithner revealed new insights into how the Obama administration plans to handle the Wall Street crisis.

  • The stock dropped after the Treasury Secretary nominee admitted he used the software to do his taxes.

  • Busch: A Simple Choice Wednesday, 21 Jan 2009 | 10:48 AM ET
    Andrew Busch

    As we prepare for US Treasury nominee Tim Geithner's confirmation hearings before the Senate Finance committee, we have already got a taste of what is to come, says Andrew Busch.

  • Behind the Stock Swoon Wednesday, 14 Jan 2009 | 4:50 PM ET

    Stocks are swooning again — down seven straight days — and threatening to break below a November 20 bottom. Part of this stems from bad economic data, including today’s announced plunge in December retail sales. This of course follows last Friday’s outsized drop in payroll employment.

  • Geithner's Confirmation Postponed Until Next Week Wednesday, 14 Jan 2009 | 1:53 PM ET

    The top Republican on the Senate Finance Committee said Wednesday the panel delayed a hearing on the nomination of Timothy Geithner to head the U.S. Treasury to give senators more time to reflect on Geithner's failure to pay payroll taxes.

  • In Michigan, Bank Lends Little of Its Bailout Funds Wednesday, 14 Jan 2009 | 12:32 PM ET

    The Treasury Department has invested $72 million out of the $700 billion in federal bailout funds to help prop up the Independent Bank of Michigan, which traces its roots back 144 years. It is a small chunk of the giant rescue fund being wagered by Washington to encourage banks like Independent to resume lending and jump-start the frozen economy, says the New York Times.