Documents to Remain Open in Examiner’s Lawsuit Against Fed

Staff / Truthdig Oct 16, 2013 A federal judge rejected the Federal Reserve Bank of New York's plea to seal documents in a wrongful termination lawsuit filed by a former bank examiner who claims she was fired for doing her job. Dig deeper ( 2 Min. Read )

N.Y. Fed Moves to Seal Documents in Ex-Bank Examiner’s Suit

Staff / Truthdig Oct 15, 2013 Carmen Segarra filed a lawsuit against the New York Fed and three of its employees alleging she had been wrongfully terminated last year after she determined that Goldman Sachs had insufficient conflict-of-interest policies. Dig deeper ( 2 Min. Read )

Geithner and Goldman, Thick as Thieves

Robert Scheer / Truthdig Jun 1, 2011 What was Timothy Geithner thinking back in 2008 when, as president of the New York Fed, he decided to give Goldman Sachs a $30 billion interest-free loan as part of an $80 billion secret float to favored banks? The sordid details of that program were finally made public this week in response to a court order for a Freedom of Information Act release, thanks to a Bloomberg News lawsuit.Oh yes, what did Goldman do with that taxpayer money it borrowed back in 2008? Dig deeper ( 4 Min. Read )

Goldman Sachs Under Pressure to Return $2.9 Billion Windfall to Taxpayers

Staff / Truthdig Feb 17, 2011 Critics of the financial chop shop, of which there are many, would like to see Goldman Sachs return billions in taxpayer dollars paid out to cover a $20 million bet. The huge payout was passed through AIG, orchestrated by then-Chairman Timothy Geithner's New York Fed, and publicized by the Financial Crisis Inquiry Commission. Dig deeper ( 1 Min. Read )

In Money-Changers We Trust

Robert Scheer / Truthdig Dec 29, 2010 Two years into the Obama presidency and the economic data is still looking grim Don’t be fooled by the gyrations of the stock market, where optimism is mostly a reflection of the ability of financial corporations -- thanks to massive government largesse -- to survive the mess they created. Dig deeper ( 4 Min. Read )

Geithner’s Record of Failure

Staff / Truthdig Jan 15, 2009 Forget that business with the maid whose work papers expired The real scandal with Timothy Geithner, Barack Obama's choice to head the Treasury Department, is his history of lax regulation -- at least where his friends at Citigroup were concerned ProPublica did some digging and found that Geithner's New York Fed "eased the reins as the company blew billions ". Dig deeper ( 1 Min. Read )

Stocks Rise as Geithner Becomes Treasury Front-Runner

Staff / Truthdig Nov 22, 2008 Friday brought more news from purportedly reliable sources close to Barack Obama, this time suggesting that the president-elect was zeroing in on Timothy Geithner as his pick for treasury secretary and New Mexico Gov. Bill Richardson for commerce secretary. Dig deeper ( 1 Min. Read )