May 05 Tough new IRS penalties set to target Russian banks By Stephen Ohlemacher, Associated Press Russian banks that buy U.S. securities after July 1 will forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasuries. Some previously owned securities would be exempt from the withholding, but… Continue reading
Oct 03 Watch Defaulting on U.S bond obligations could cause 'mother of all financial crises' Defaulting on U.S bond obligations could cause 'mother of all financial crises'… Continue watching
May 21 Watch Senate Committee Grills Former IRS Commissioners on When Officials Knew Facts Senate Committee Grills Former IRS Commissioners on When Officials Knew Facts… Continue watching
Sep 14 Watch Four Years After Bailouts, Banks Have Bounced Back, Still Making Risky Bets Four Years After Bailouts, Banks Have Bounced Back, Still Making Risky Bets… Continue watching
Aug 02 Watch Making Sen$e of Bailouts: Why the U.S. Government Bought 'Troubled Assets' Making Sen$e of Bailouts: Why the U.S. Government Bought 'Troubled Assets'… Continue watching
Apr 13 Watch Geithner on Potential Deficit Deal: 'We're Closer Than People Think' President Obama spelled out his plan Wednesday for cutting the deficit by $4 trillion over 12 years. Treasury Secretary Timothy Geithner speaks with Jim Lehrer about the president's budget goals and the likelihood of getting cooperation from congressional Republicans. Continue watching
Jul 06 Watch As Economy Jitters Persist, Geithner 'Confident We're Going to Continue to Grow' Concerns about the economic recovery lingered on Wall Street as the service industry grew at a slower rate than expected last month. Jim Lehrer talks with Treasury Secretary Timothy Geithner about the state of the U.S. economy, a tough housing… Continue watching
Jan 27 Watch Geithner Defends AIG Bailout at Fiery Hearing Under fire from lawmakers Wednesday, Treasury Secretary Timothy Geithner defended the bailout of insurance giant AIG as "in the best interests of the American people."… Continue watching
Nov 13 Watch FDIC's Bair: Bank Bailouts Were 'Not a Good Idea' In an interview with Paul Solman, FDIC chairwoman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."… Continue watching
Nov 02 Watch Taxpayers' $2.3 Billion 'Gone' in CIT Bankruptcy The recession claimed another major financial institution, as lending giant CIT filed for bankruptcy after months of struggling to keep the company, which funds about 1 million small- to medium-sized businesses, afloat. Continue watching