Posts Tagged ‘treasury secretary’
Break Bank of America up: Keep only the Retail operation!
Three Questions For The Financial Stability Oversight Council Posted: 03 Sep 2011 04:16 AM PDT By Simon Johnson The Dodd-Frank financial reform legislation of 2010 created a Financial Stability Oversight Council (FSOC), with the task of taking an integrated view of risks in and around the U.S. financial sector. The FSOC is comprised of [...]
The Banking Emperor Has No Clothes
An article from The Baseline Scenario The Banking Emperor Has No Clothes Posted: 09 Jun 2011 03:10 AM PDT By Simon Johnson In a major speech earlier this week to an American Bankers Association conference, Treasury Secretary Tim Geithner laid out his view of what went wrong in the financial sector prior to 2008, how the crisis was [...]
Gordon Brown Vs. Larry Summers: Battle of Global Economic Titans
A newsletter from The Globalist Gordon Brown Vs. Larry Summers: Battle of Global Economic Titans To what degree have these economic heavyweights changed their ways since leaving office — and which one would make a credible candidate to lead the IMF? The Richter Scale explores. Tim Geithner: Eternal Optimist, or Soothsayer? Why does [...]
Significant Development on the Smart FTT
Guest Blog by Angus Cunningham, Principal, Authentix Coaches, www.authentixcoaches.com, March 2011 The New York Times carried an article yesterday by Gretchen Morgenson, who often writes on issues of financial reform, in which the US Treasury appears, so far, to be supporting the case of big banks for unrestricted freedom in the realm of [...]
Quelle Surprise! Geithner Gutting Dodd Frank via Intent to Exempt Foreign Exchange –
A publication from Naked Capitalism I have mixed feelings about an article by Robert Kuttner, “Blowing a Hole in Dodd-Frank.” On the one hand, he’s found an important example of the Administration’s lack of interest in meaningful financial reforms, which is its intent to exempt foreign exchange derivatives from the implementation of [...]
Energy & Capital: Conventional Economic Forecast But With Some Good Insights
The G20's Wall of Doom: Five Trends for Q4 By Christian A. DeHaemer | Friday, October 22nd, 2010 As I write this, the preliminary meeting for the Group of 20 largest economies is taking place. U.S. Treasury Secretary Tim Geithner wants to force the Chinese to inflate the yuan to reflect true market levels. The yuan has been undervalued for [...]
TARP Is Gone – But May Soon Be Back
TARP Is Gone – But May Soon Be Back The Troubled Asset Relief Program, or TARP, is over – more specifically, its legal authority expires on Sunday, so it cannot be used for new “bailout” activities (although legacy programs, with money already disbursed, could last 5 to 10 years.) The first draft of its history, looking back over the [...]
Summers: Good Riddance
The good news: Summers is gone Jan 1 (no word yet on Geithner). The bad news? I am not sure what (if any) impact this will have on the administration’s economic policies. To review: Summers is the former Clinton Treasury Secretary, mentored by Robert Rubin. As such, he was one of (many) architects of the financial crisis. In addition to [...]
Fiscal Austerity and “Third World America”
By Simon Johnson My testimony to the Senate Budget Committee on these issues is available here: http://baselinescenario.com/2010/08/05/its-hard-to-take-the-fiscal-hawks-seriously/. There are three main views of the financial crisis and recession of 2008-9. In the first two views, the debate over the fiscal deficit is quite separate from what [...]
The Trouble with Tim’s Treasury
The Trouble with Tim's Treasury Crossposted from New Deal 2.0 By Marshall Auerback, Senior Fellow at the Roosevelt Institute, and a market analyst and commentator. FinReg may fall short if power is channeled into Geithner’s hands. More depressing news from the “change” President. The Washington Post has reported that one of the [...]
