Nov 08 The Fed’s $600 Billion Move: Monetary Debauchery? By Paul Solman Forgive me for not answering a question today, but for posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter… Continue reading
Nov 08 The Fed’s Latest Move: Monetary Debauchery? By Elizabeth Shell Forgive me for not answering a question today, but posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a… Continue reading
Sep 30 Watch AIG Looks to Repay Government, But Will Taxpayers Break Even? Insurance giant AIG and the U.S. Treasury unveiled a plan to speed up the repayment of more than $100 billion in federal bailout money. Ray Suarez talks to economic writers Roben Farzad of Bloomberg Businessweek and Louise Story of The… Continue watching
Jun 22 Watch TARP Watchdog: Foreclosure Program ‘Too Small, Too Slow’ Judy Woodruff talks with Elizabeth Warren, chair of the Congressional Oversight Panel about the effectiveness of the TARP bank bailout and a program aimed at helping homeowners steer clear of foreclosures. Continue watching
Apr 21 New $100 Bill Gets a Facelift By Tom LeGro In the appropriately named Cash Room of the Department of the Treasury, Treasurer of the United States Rosie Rios, along with Fed Chairman Ben Bernanke and Secretary of the Treasury Timothy Geithner, unveiled a new design of the $100 bill… Continue reading
Jan 21 Watch Geithner: Banks with ‘Privilege’ of Borrowing from U.S. Must Limit Risk President Obama moved to impose new restrictions on banks aimed to discourage the kind of risky behavior that led to the financial collapse. Judy Woodruff speaks with Treasury Secretary Timothy Geithner about the president's proposals. Continue watching
Nov 19 Watch News Wrap: House Rejects Cuts to Medicare Payments In other news, the House voted to spare doctors from a 20 percent cut in their Medicare payments, and Hamid Karzai was sworn in for a second term as president of Afghanistan. Continue watching
Nov 17 TARP Watchdog: N.Y. Fed ‘Severely Limited’ Savings on AIG By Carolyn O'Hara The Federal Reserve Bank of New York ceded much of its negotiating power to AIG's trading partners during the insurance giant's rescue last year, according to a new report from the watchdog for the Troubled Asset Relief Fund. Continue reading
Nov 02 CIT Bankruptcy Produces Winners and Losers CIT, a major lender to small U.S. businesses, filed on Sunday for one of the largest Chapter 11 bankruptcy protections in history. Continue reading
Oct 28 Reports: GMAC in Talks to Receive Third Bailout from Government GMAC, the consumer finance company and onetime subsidiary of GM, is reportedly in talks with Treasury to receive a fresh lifeline of up to $5.6 billion in aid, on top of the $12.5 billion the government has already injected into… Continue reading