Tag Archives: timothy geithner


Obama: Small Business Loans and Refinancing are Keys to Economic Recovery

New York (HedgeCo.Net) – President Obama met with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner on Friday, after which he told reporters there are “glimmers of hope across the economy.” The meeting, which was also attended by […]

Geithner May Oust Executives at Banks Needing ‘Exceptional’ Aid

Bloomberg – Treasury Secretary Timothy Geithner said he’s prepared to oust executives and directors at banks that require “exceptional” assistance from the U.S. government. “If in the future, banks need exceptional assistance in order to get through this, then we […]

Uncle Sam?s hedge fund is risk for economic recovery

Fort Worth Business Press – The rescue of the American financial system proposed by Treasury Secretary Timothy Geithner is, in all but name, a gigantic hedge fund. The government would lend vast sums to private investors to enable them to […]

Geithner Wants Federal Supervision of Hedge Funds, Private Equity Firms

New York (HedgeCo.Net) – If Treasury Secretary Timothy Geithner gets his way, hedge funds and private equity firms will be placed under the supervision of the federal government.   “Over the past 18 months, we have faced the most severe […]

Obama And Merkel In Agreement Ahead Of G20 – Germany

EasyBourse.com – The U.S. and Germany are going "in the same direction" ahead of next week’s G20 summit, a spokesman for Chancellor Angela Merkel said Friday amid reports of rifts between Europe and the U.S. There are "no points of […]

Treasury chief seeking power over hedge funds

Houston Chronicle – Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules. The Treasury chief will […]

Obama Outlines Toxic Asset Plan – Pressure is on Private Investors, Hedge Funds

New York (HedgeCo.Net) – The Obama administration has unveiled its much anticipated program aimed at clearing toxic assets from the books of U.S. banks and finding a middle ground between inaction and nationalization.  By financing the purchase of up to […]

Obama Seeks Investors in Plan to Buy Illiquid Assets

Bloomberg – The Obama administration will announce details of a plan today to expand the $700 billion rescue of the financial system that will rely on enticing private investors to buy the troubled assets clogging banks’ balance sheets. Treasury Secretary […]

Treasury Swoops to Recoup $165 Million in AIG Bonus Payouts

New York (HedgeCo.Net) – As the national outrage over bonuses paid to AIG execs reaches epic proportions, U.S. Treasury Secretary Timothy Geithner promised the government will recoup the $165 million that was shelled out using bailout money. “We will impose […]

Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds

Bloomberg – Treasury Secretary Timothy Geithner’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets. Creating a “bad bank” or “aggregator […]

Obama drops “car czar” idea

Reuters  – President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday. Obama is appointing Treasury […]

Obama’s Stimulus Package Approved by Senate

West Palm Beach (HedgeCo.net) – President Barack Obama’s $838 billion stimulus plan was approved by the U.S. Senate as part of a plan of action the Senate hopes will revive the collapsing US economy. $100 billion is to be alotted […]

Related Posts Plugin for WordPress, Blogger...