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Tag Archives: Timothy Geithner

Economist Gary Becker dishes antidote to federal activism

Action is what politicians are all about, especially in a crisis. So you can be sure that Treasury Secretary Timothy Geithner’s Public-Private Investment Program to restructure troubled banks will hardly be the last rescue plan – as they inevitably, heroically, ...

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Tim Geithner deals Wall Street a can’t-lose poker hand

I feel like Rush Limbaugh now, because I really want certain people to fail: George W. Bush’s former economic adviser, Lawrence Lindsey, Nobel Prize-winning economists Paul Krugman and Columbia University Professor Joseph Stiglitz. All of them say the U.S. Treasury’s ...

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JPMorgan, banks to halt foreclosures for three weeks

Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp., Morgan Stanley and Wells Fargo & Co. agreed to suspend foreclosures while the Obama administration crafts a housing plan to modify mortgages for troubled borrowers. Citigroup will halt foreclosures through ...

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Fed focuses on consumer, corporate loan rate spreads

Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending. Credit costs for households and businesses haven’t followed ...

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