Tag Archives: treasury-secretary


Citi Shareholders Show Rage at Annual Meeting

BusinessWeek – The anger was evident at Citigroup’s annual meeting on Apr. 21, where shareholders took turns at the microphone to object to how the bank has been operating. The meeting is usually a well-attended affair lasting many hours as […]

Rich G7 can’t go it alone to calm economic storm

Reuters – Finance ministers from rich nations, when they meet on Friday, will face less economic turbulence than at their last gathering two months ago, but they recognize they need developing nations to step up spending to revive the world […]

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 […]

Hedge fund paid Obama adviser Summers $5.2 million

Reuters – Lawrence Summers, a top economic adviser to U.S. President Barack Obama, was paid about $5.2 million (3.48 million pounds) by hedge fund D.E. Shaw in the past year, financial disclosure forms released by the White House showed on […]

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 […]

Geithner’s Toxic Asset Plan: Wall Street Finally Cheers

Time.com – To stop the economy’s deflationary spiral, President Obama and Treasury Secretary Tim Geithner need to get toxic assets off banks’ balance sheets so the banks can start lending again. With much fanfare and after much delay, Geithner on […]

Latest economic recovery plan hits $1 trillion

10 News – Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown […]

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