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Geithner: dont declare victory too soon in crisis .: Economic Crisis in US
2 hours ago ago from Economic crisis in US
The U.S. economy is struggling against that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy Geithner said on Thursday. Testifying before a congressional panel that oversees the Troubled Asset Relief Program, or TARP, Geithner took credit for having averted a complete financial meltdown but warned against becoming too optimistic ...
Related contentGeithner Says Treasury Faces Losses From Autos, AIG
5 hours ago ago from Savvy Investor
by Rebecca Christie (Bloomberg) Treasury Secretary Timothy Geithner said today the government is unlikely to recoup its investments in insurer American International Group Inc. or the automakers General Motors Co. and Chrysler Group LLC. Geithner also said he chose to extend the $700 billion Troubled Asset Relief Program to give the Obama administration more time to unwind its bank-rescue efforts. The economy still faces “significant ...
Related contentGeithner Gives TARP an Extension
1 day ago ago from Truthdig: Drilling Beneath the Headlines
The Troubled Asset Relief Program, otherwise known as TARP, was scheduled to expire at the end of this year, but Treasury Secretary Timothy Geithner told Congress on Wednesday that it'll stick around until October 2010, partly as a precautionary measure in case of economic emergency and partly to help struggling homeowners, banks and small businesses. KA The New York Times: As Mr. Geithner outlined, Treasury has already all but shut ...
Related contentBanks Repay Bailout Money
20 hours ago ago from Charming Chitchat
Bank of America Corp. announced Wednesday that they have completely repaid the $45 billion it owed U.S. taxpayers. In addition, Citigroup might start repayment of the Troubled Asset Relief Program by Thursday. Hearing these reports is an assuring end to 2009. People were weary of the bailout plans because they thought it was granting too much to these powerful companies and would ruin the balance of the economy. The government went forward ...
Related contentBailouts, Bonuses, and Other B.S.
2 hours ago ago from MonkeyBusinessBlog
Tim Geithner just said you and I and the rest of the US taxpayers are gonna lose $61bn on the AIG and Auto bailouts. Well thats gonna hit a lot of headlines and people are gonna be aghast most likely. But not you, if you've been reading this blog for any length of time. I mean you'll be angry but not the least bit surprised. The other thing Geithner said was that we taxpayers are going to MAKE $20bn on the bank bailouts. Thats funny. We said ...
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Geithner Defends TARP Extension Before Congressional Panel - FOXBusiness.com
4 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Government Thursday, December 10, 2009 Geithner Defends TARP Extension Before Congressional Panel  By Dunstan Prial FOXBusiness  ...
Related contentWall Street Brain Drain Is Tough to Quantify - FOXBusiness.com
4 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / America's Road to Recovery Thursday, December 10, 2009 Analysis Wall Street Brain Drain Is Tough to Quantify  By Dunstan Prial FOXBusiness  Wall ...
Related contentBofA repays all federal bailout funds
23 hours ago ago from NBC
U.S. business" href="http://www.msnbc.msn.com/id/3174182/device/rss/rss.xml" xmlns:media="http://search.yahoo.com/mrss/" /> sponsored by Categories ...
Related contentGeithner Warns of ‘Headwinds’ on Road to Recovery
1 hour, 13 minutes ago ago from The New York Times
WASHINGTON (Reuters) The United States economy is struggling against that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, the Treasury secretary, Timothy F. Geithner , said on Thursday. Multimedia Testifying before a Congressional panel that oversees the Troubled Asset Relief Program , or TARP, Mr. Geithner took credit for having ...
Related contentCiti Races to Pay Back Bailout Aid
19 hours ago ago from The New York Times
A year after accepting two taxpayer bailouts, Citigroup is racing to raise billions of dollars in the stock market to repay the aid, a crucial step in freeing itself from Washington's grip. Multimedia Related Audit Finds TARP Program Effective (December 10, 2009) Times Topics: Credit Crisis Bailout Plan Add to Portfolio Citigroup Inc Go to your Portfolio Even if Citigroup were to pay back all or part of ...
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