Monday, 9 Nov 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
In some cases, the difference between a winner and loser is often in the eye of the beholder--who can be a victim or a beneficiary--or simply a political ideologue. That’s why we want readers to weigh in and vote on a variety of people and concepts. We’ll report back with results and rankings on December 1.
The government should “pull the plug” on problem banks rather than bail them out and imposing tougher regulation on them, Roger Nightingale, strategist at Pointon York, told CNBC Wednesday.
Monday, 26 Oct 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
Obama officials and House Democrats are no longer considering having financial firms pre-pay into a fund to help cover the costs of winding down too-big-too-fail financial firms, a source said.
Monday, 26 Oct 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
The Fed would play less of a role in handling firms that pose a systemic risk to the economy, giving more authority to a council composed of several regulatory agencies
Congress and the Obama administration are about to take up how to deal with institutions that are so big that the government has no choice but to rescue them when they get in trouble, reports the New York Times.
Friday, 23 Oct 2009 | Posted By:
Jeff Cox | Source: CNBC.com
A cursory look at quarterly earnings suggests corporate America is regaining its foothold. But a look at the stock market's reaction indicates otherwise.
Wednesday, 21 Oct 2009 | Source: The Associated Press
A government watchdog said the $700 billion bailout for the financial industry played a major role in rescuing the economy over the last year but also engendered anger and distrust among Americans because of secrecy and confusion about the way the program was handled.
In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.
Fissures are developing among policy makers at the Federal Reserve as they debate how and when to start raising the benchmark interest rate from its current level just above zero.
Thursday, 8 Oct 2009 | Source: The Associated Press
Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers.
Hedge funds, trying to separate themselves from the big Wall Street banks, are stepping up their efforts to head off new regulation from Washington. The New York Times reports.
After stumbling in his transition from backstage player to out-front crisis manager, Treasury Secretary Timothy Geithner has since quieted critics inside and outside the administration. But with the economy still hovering between recession and recovery, multiple tests of his judgment and political dexterity lie ahead.
Thursday, 24 Sep 2009 | Source: The Associated Press
U.S. Treasury Secretary Timothy Geithner says he is seeing encouraging signs of a global economic rebound, but the world still has a way to go to emerge from the severe recession.
Treasury Secretary Timothy Geithner will deliver his message on financial reform Wednesday, according to a copy of his testimony obtained by CNBC.com. Read the testimony in the PDF linked to the story.
The US is not going to actively intervene to support the US dollar, but merely try to shape it's domestic policies to ensure a strong dollar... Read More
US Treasury Secretary Tim Geithner has been hitting the air waves and the editorial page during his trip to the APEC conference in Singapore... Read More