Word: geithners
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...leaders would like to meet. And, for the privilege of being loved, Medvedev is paid $13,300 less than Putin. It shows the flaw in the US system. Of the people in the Administration President Obama is clearly the most well-liked as well as being the best paid. Geithner should ask for a raise...
...these comments cast the Treasury as a collection of desperate people, cornered by the faltering financial system, who are willing to pull any rabbit that they can find out of their hats. This makes the new Geithner plan for public /private partnerships to buy toxic bank assets look like a carnival show. It was not heartening to see that the Treasury admitted that it did not have many takers for this new program, so it extended the deadline for applications by two weeks until April 24. Unfortunately, world class financiers keep track of things like dates. Those who have passed...
...cash, U.S. financial institutions have been liquidating foreign assets and repatriating the funds, pushing up the value of the dollar. As that process plays out, a key support of the dollar's value could be removed. Currency markets are clearly jittery. In late March, U.S. Treasury Secretary Timothy Geithner sent the dollar tumbling when he said he was "actually quite open" to China's proposal for a greater role for SDRs. The dollar lost 1.3% against the euro within 10 minutes of Geithner's unexpected comment. (The greenback recovered a short time later, after Geithner said he expected the dollar...
When Bob Schieffer of Face The Nation asked Secretary Geithner if the Administration would have to go back to Congress for more stimulus money because of rapidly rising unemployment, the bureaucrat refused to answer directly, acting as if he believed he would be struck by a bolt of lightning if he did anything beyond dissembling...
Still, episodes like this are stoking tension between the Administration and the Senate - particularly with the Finance Committee, which has vetted a number of the nominees for whom problems have emerged, including the tax issues that threatened to derail the confirmation of Treasury Secretary Timothy Geithner and forced former Senate majority leader Tom Daschle to withdraw his name from consideration as head of HHS. One source close to the process says the Finance Committee is now giving such scrutiny to the tax records of Administration nominees that, amid the committee's larger concerns, it has questioned items as small...