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Geithner Heading To China; Could Discuss The Yuan
Wednesday, April 7, 2010 - 10:22am | 179Read More...Secretary of Treasury Timothy Geithner will travel to Beijing this week to meet with Chinese Vice Premier Wang Qishan in an effort to discuss pressing economic issues - including, some say, China's alleged undervaluing of the yuan. The yuan was pegged to the U.S. dollar from the 1970's to 2005,...
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International Diplomacy Rather Than U.S. Pressure Will Work To Get China To Strengthen Yuan; Timothy Geithner
Monday, April 5, 2010 - 8:49am | 427Read More...According to a report by Bloomberg, amid increasing pressure from the congress, which is demanding to brand China as a "currency manipulator", U.S. Treasury Secretary Timothy F. Geithner believes that international diplomacy, rather than U.S. intervention and its pressure on China, will work better...
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Geithner Predicts Republican Support For Financial Reform
Saturday, April 3, 2010 - 1:40pm | 233Read More...This week, Treasury Secretary Timothy Geithner claimed that a financial reform bill that would gain Republican support is becoming more of a reality, setting up an expectation that the passing of such a bill with bipartisan support will be accompanied by a massive cold front moving in as Hell...
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U.S. Government Report Blames China For Unfair Trade Practice
Thursday, April 1, 2010 - 7:14am | 410Read More...According to a report by the Financial Times, an annual report on trade barriers faced by exports from the U.S., which is produced by the U.S. trade representative’s office, has blamed China for unfair trade practices that keep foreign companies operating in China at a disadvantage. Although the...
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Freddie (FRE) And Fannie (FNM) Will Not Return To Pre-Crisis Structure; Timothy Geithner
Monday, March 22, 2010 - 10:21pm | 438Read More...The Wall Street Journal reports that U.S. Treasury Secretary, Timothy Geithner, will tell a congressional panel on Tuesday that Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM) will not return to their pre-crisis structure, which allowed their shareholders to reap in big profits. The...
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Interview With Former Bear Stearns CEO and Chairman Alan "Ace" Greenberg
Tuesday, March 16, 2010 - 1:54pm | 516Read More...Bloomberg Television’s Margaret Brennan had an insightful interview with former Bear Stearns CEO and Chairman Alan "Ace" Greenberg. The two spoke about a wide range of topics but most of the interview dealt with the collapse of Bear Stearns and its aftermath when the firm was acquired by JP Morgan...
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Geithner Plans Cuts On Defense Spending To Support Green Technology? (FSLR, STP)
Wednesday, February 24, 2010 - 12:17pm | 588Read More...Timothy Geithner's testimony before the House Budget Committee was today. Among the topics of discussion were jobs, taxes, and spending. It is your typical Timothy Geithner, a lot of rhetoric followed by a couple of details pertinent to the situation. We went through the pain of sifting through his...
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AIG Bailout Information Suppressed By The Fed?
Wednesday, January 13, 2010 - 9:59am | 231Read More...For the second time in a week, the Federal Reserve was accused by a member of Congress on Tuesday of blocking the public release of information about the bailout of the American International Group. (NYSE: AIG). In response to the accusation by Representative Darrell Issa, the ranking Republican...
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Bank Official Denies Geithner Role In AIG Disclosure Matter
Monday, January 11, 2010 - 11:54am | 106Read More...A top bank official said in a letter to a U.S. lawmaker that Treasury Secretary Timothy Geithner wasn't involved in deliberations between the Federal Reserve Bank of New York and American International Group Inc.(NYSE: AIG) over what the insurer should disclose in regulatory filings. Thomas Baxter...
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FDIC Chief Fights To Save Its Might
Friday, December 18, 2009 - 2:08pm | 146Read More...The FDIC was set up in 1993 to rescue the banking system, and its deposit guarantees saved the industry in the present crisis. The Senate Banking Committee under Senator Christopher Dodd has proposed to revoke all the supervisory powers of FDIC. If the committee succeeds, FDIC would end up...
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Dimon Of JPMorgan Chase (JPM) May Be The Next Treasury Secretary
Monday, November 23, 2009 - 9:57am | 137Read More...The New York Post says that Jamie Dimon, CEO of JPMorgan Chase (NYSE: JPM) may succeed Timothy Geithner as the next Treasury Secretary. Dimon’s skills in pulling up JPMorgan Chase through the recession are a great positive for him. Dimon’s help in rescuing Bear Stearns and Washington Mutual, Inc...
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US Treasury Secretary Timothy Geithner Comments On GDP Report
Thursday, October 29, 2009 - 10:15pm | 153Read More...US Treasury Sec Timothy Geithner said this that today's GDP report was "encouraging". Geithner said government must keep reinforcing growth, and there is still a risk of credit crunch. He added that they must make sure financial system has enough capital to avoid another credit crunch. Below are...
