Biden Says Banks May Get More, More, More

Staff / Truthdig Jan 26, 2009 The vice president let it slip Sunday that the $700 billion TARP bailout bill could have a sequel Also, Nancy Pelosi indicated that Congress might dole out more funds to financial institutions Let's see, that's $700 billion on TARP, $850 billion for the still-pending stimulus package, plus the mysterious billions they're tossing around at the Federal Reserve Here's hoping China doesn't cut up our national credit card. Dig deeper ( 1 Min. Read )

Geithner Urges ‘Fundamental Reform’ in Bailout

Staff / Truthdig Jan 21, 2009 It's the first full day of Obama's administration and things are looking a bit different in D.C. Treasury secretary nominee Timothy Geithner called for "fundamental reform" of the $700 billion bailout, claiming the existing bailout package favored big business over struggling families. Dig deeper ( 1 Min. Read )

Time to Get to Work

Robert Scheer / Truthdig Jan 21, 2009 Tuesday was welcome theater, as profound as it gets -- but today, as Obama has declared, begins a new era of responsibility and accountability. Dig deeper ( 3 Min. Read )

‘Left, Right & Center’: Bye-Bye Bush; Bailout Mania

Staff / Truthdig Jan 17, 2009 Ready or not, here comes Barack Obama -- let's hope he's ready, considering the nature of the action items topping his presidential to-do list. Dig deeper ( 1 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 )

Wall Street Robber Barons Ride Again

Robert Scheer / Truthdig Jan 14, 2009 Why rush to throw another $350 billion of taxpayer money at the Wall Street bandits and their political cronies who created the biggest financial mess since the Great Depression? And why should we taxpayers be expected to double our debt exposure when the 10 still-secret bailout contracts made in the first round are being kept from the public? Dig deeper ( 3 Min. Read )

Obama’s Shrewd Choices

Joe Conason / Truthdig Nov 27, 2008 Barack Obama's appointees will implement the Obama program, not only because that is what he tells them to do but because that is what they have come to believe is best for the country. Dig deeper ( 3 Min. Read )

Obama Chooses Wall Street Over Main Street

Robert Scheer / Truthdig Nov 26, 2008 Maybe Ralph Nader was right in predicting that the same Wall Street hustlers would have a lock on our government no matter which major party won the election. I hate to admit it, since it wasn't that long ago that I heatedly challenged Nader in a debate on this very point. Dig deeper ( 3 Min. Read )

Obamanomics = Rubinomics?

Staff / Truthdig Nov 25, 2008 Judging by the new additions to Barack Obama's economic squad, the president-elect appears to be borrowing heavily from Robert Rubin's ranks, but here's an argument as to why Obama's approach will differ from Rubin's (but consider the source here). Dig deeper ( 1 Min. Read )

Obama Rolls Out Economic Team

Staff / Truthdig Nov 25, 2008 To fix the ailing economy, Barack Obama has turned to two men who helped break it. On Monday, the president-elect announced Timothy Geithner as his choice for treasury secretary, and Giethner's former mentor in the Clinton Treasury Department, Lawrence Summers, as his pick to head the White House Economic Council. 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 )