Search Details

Word: geithners (lookup in dictionary) (lookup stats)
Dates: all
Sort By: most recent first (reverse)


Usage:

...plan has three parts. Most people have focused on the first part, which is run by the reliable Federal Deposit Insurance Corp. (FDIC) and about which Geithner provided the most detail on Monday. It covers not the complex bundled loans that have received much attention in the media but troubled loans, like mortgages that haven't been paid for three months or more. The plan offers very favorable financing for private investors who want to buy them. In an example provided by the Treasury, an investor would pay as little as $6 for a loan that had an original value...

Author: /time Magazine | Title: Geithner's Bank Plan: Only a Partial Solution | 3/25/2009 | See Source »

...good idea to try and get those moving off banks' books. But what of the bundled, securitized assets? According to the FDIC, the total value of securities on banks' books as of Dec. 31 was $1.7 trillion. How much of those securities are toxic and how does the Geithner plan move them to be sold...

Author: /time Magazine | Title: Geithner's Bank Plan: Only a Partial Solution | 3/25/2009 | See Source »

...transformation of Treasury Secretary Timothy Geithner will be remembered for its speed and unexpectedness. Just four weeks ago, on the heels of a failed presentation of the Administration's plan to help shore up banks, he was considered indecisive and incompetent. There were calls for him to step down until the President voiced support for his Treasury Secretary on a television talk show...

Author: /time Magazine | Title: Timothy Geithner's Transformation | 3/25/2009 | See Source »

...Geithner left his whipping boy costume in the closet when he presented the specifics of his plan to get the private sector to participate in buying toxic assets. The financial world was focused on the reaction to his speech and, before he had even given it, the markets began a furious rally. Once he stepped away from the microphones, the buying of equities accelerated. (See pictures of the Top 10 scared traders...

Author: /time Magazine | Title: Timothy Geithner's Transformation | 3/25/2009 | See Source »

...Geithner's success in convincing the world that hedge funds would use government money to buy bank paper of questionable value was all the more extraordinary because so few experts believe that the plan has any chance of working. It may be that the markets have been through such a long cycle of hopelessness that they are ready to grasp at any straw...

Author: /time Magazine | Title: Timothy Geithner's Transformation | 3/25/2009 | See Source »

Previous | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | Next