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By Paul Krugman The New York Times Last week, the inspector general for the Troubled Asset Relief Program, a.k.a. the bank bailout fund, released his report on the 2008 rescue of American International Group, the insurer. By...
Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.
Storm of criticism said to buoy Geithner SECRETARY PUSHES BACK Even ex-Bush aides sympathetic, sources say Treasury Secretary Timothy F. Geithner is apparently unbothered by tense exchanges this week with lawmakers, according...
Fed chief has been criticized for failing to foresee the financial crisis The Senate Banking Committee will hold a hearing Dec. 3 on Federal Reserve Chairman Ben Bernanke's nomination to a second term. WASHINGTON - Federal...
Members of Both Parties Angry at Geithner and Finance Bill Treasury Secretary Timothy Geithner is facing heat from Congress for not doing enough to speed up economic recovery (AP) Growing discontent over the economy and...
WASHINGTON (Reuters) - Adding to lawmaker criticism of U.S. Treasury Secretary Timothy Geithner's performance is a new survey released on Friday showing 42 percent of Americans say he has done a "poor job" handling the credit...
BY SERENA NG AND JOANN S. LUBLIN One of the three trustees who oversees U.S. taxpayers' nearly 80% stake in American International Group Inc. recently said he wanted to quit his post, but was persuaded to stay on, people...
Fitch Ratings was notified of the intention to change the interest rate swap and basis swap counterparty (Novation) of Commodore CDO III Ltd./Inc (Commodore III) to Barclays Bank PLC (Barclays, rated 'AA-/F1+' with a Stable...
Earlier this week, the inspector-general for the Troubled Asset Relief Program, aka, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The AIG rescue was part of a...
Maybe we can breathe a collective sigh of relief -- now that we've dodged the bullet of a catastrophic collapse of America's entire financial system. But how do we avoid a possible repeat performance?
