Do you remember anyone at Davos discussing how to avoid another Wall Street Crash of 2008, in past years? No. Or how can our "elite" bankers build a more stable financial infrastructure? No.
Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.
The people who work there should be ashamed.
This was an odd conclusion to reach from the mere fact that there were a handful of policy prescriptives that Boskin didn't
Despite these criticisms, Geithner remains oddly passive in the notes. Such a strange commitment to inevitable defeat, untold
In "Stress Test," Geithner argued that the amount of mortgage fraud "deserved a more forceful enforcement response than the
Lehman down, AIG up, Carmen Segarra out and a seemingly well-connected, three-peat winner, Goldman Sachs, motors on...
But however the numbers work out, Summers' account of the administration's thinking on housing is simply not compatible with
Underwater America: Will President Obama, Mel Watt and Wall Street Finally Do the Right Thing for Troubled Homeowners?
The Obama administration did too little, too late, to help troubled homeowners, who faced plummeting home prices and the risk of foreclosure. The most important thing they can do is get Fannie Mae and Freddie Mac to adopt principal reduction.
The only difference, of course, is that foreign attackers do not typically ask to be bailed out of losses with taxpayer money
Timothy Geithner's new book about the financial crisis, Stress Test, is basically an argument that the Wall Street bailout succeeded. That's hardly surprising, given that Geithner was in charge of the bailout when Treasury Secretary, and so has an inherit interest in telling the public it succeeded.
And buried deep in Geithner's book comes the revelation that Geithner and Larry Summers, head of President Barack Obama's
Warren also wrote about Geithner in a memoir released in April, recalling a day he took her out to lunch: “Her [bailout] oversight
And Geithner is standing by that story, according to spokeswoman LeCompte, who told Politico and HuffPost: “Mr. Geithner’s
Mitt Romney's top economic adviser said Sunday that former Treasury Secretary Timothy Geithner is mistaken or just plain
“I think the perception problem -- first of all it’s very damaging to me as I was trying to do some tough things, and I think