Getting Ready for Geithner

Mr. Fish / Truthdig Mar 23, 2009 Dig deeper

And Now, This Tepid Message From Our Treasury Chief

Staff / Truthdig Mar 20, 2009 We've seen a lot of Timothy Geithner lately in the news -- usually looking concerned yet purposeful as he stands behind the president in photos and press conferences -- but we haven't heard a great deal straight from the source. On Thursday, CNN's Ali Velshi managed to get the treasury secretary talking, but what Geithner had to say is distinctly underwhelming. Dig deeper ( 2 Min. Read )

No Tough Love for Wall Street

Robert Scheer / Truthdig Feb 11, 2009 What an insipid anticlimax! Rising to “a challenge more complex than our financial system has ever faced,” Treasury Secretary Timothy Geithner promised on Tuesday to give trillions more to the very folks who profited from that malignant complexity. Dig deeper ( 3 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 )

Rubin Bows Out of Citigroup

Staff / Truthdig Jan 10, 2009 Almost a year ago, Citigroup's then-director Robert Rubin downplayed the enormity of the economic catastrophe headed our way and made a pre-emptive move to shift any potential blame to politicians instead of financial experts such as himself. Fast-forward to the present and the picture changes considerably. 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 )

Change We Can Bank On

Robert Scheer / Truthdig Nov 19, 2008 This is not change we can believe in. Not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in President-elect Barack Obama’s incoming administration. Dig deeper ( 3 Min. Read )

Fun With Bailout Hearings: Know Your Treasury Chumps

Staff / Truthdig Nov 16, 2008 It's clear from this monologue by Rep. Elijah Cummings that, when he wonders aloud if Neel Kashkari is a "chump" for enabling companies like AIG to hand out huge executive bonuses while seeking federal bailout money, Cummings already knows the answer. Dig deeper ( 1 Min. Read )

Surprise! Paulson Sneaked $150B Bank ‘Windfall’ Into Bailout

Staff / Truthdig Nov 11, 2008 Perhaps we should be more surprised than we are by the news that Treasury Secretary Henry Paulson and his DOT crew managed to sneak a handful of sentences into the approved bailout bill that amounted to a $150-billion "quiet windfall" for American banks, as The Washington Post put it. Dig deeper ( 2 Min. Read )

Gingrich: Bailout Plan ‘Un-American’

Staff / Truthdig Sep 29, 2008 Treasury Secretary Henry Paulson certainly has his Democratic detractors, but they aren't the only ones who have some serious doubts about his controversial $700-billion bailout plan. In an appearance on ABC's "This Week With George Stephanopolous" on Sunday, former House Speaker Newt Gingrich blasted Paulson's plan, calling it "un-American" and even opining that Paulson should have resigned. Dig deeper ( 1 Min. Read )

‘Daily Show’: Baron Von Moneypants

Staff / Truthdig Sep 24, 2008 Treasury Secretary Henry Paulson's proposed bailout carries a price tag of $700 billion, a staggering figure that CNN has helpfully translated into terms that every American can understand by consulting the McDonald's (apple) pie chart. Dig deeper ( 1 Min. Read )

Markets Brace for More Turbulence After Monday’s Drops

Staff / Truthdig Sep 16, 2008 President Bush and Treasury Secretary Henry M. Paulson Jr. attempted to head off mounting market woes and investor freak-outs at the pass on Monday as Wall Street suffered its worst losses since right after the Sept. 11, 2001, terrorist attacks. Dig deeper ( 1 Min. Read )