Word: wall
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...expletive-laden rant Treasury Secretary Tim Geithner unleashed during a closed meeting with regulators on Friday, July 31, has players in Washington and on Wall Street wondering one thing: What got the usually mild-mannered Geithner so incensed? Establishing a new regulatory framework for the financial markets is not the kind of politically charged, life-or-death issue that should drive a normally discreet Cabinet member to go on a blue streak in front of dozens of officials. But Geithner and the Obama Administration have more at stake in getting reform pushed through Congress by the end of the year...
...tense meeting, first reported by the Wall Street Journal, took place at the Treasury department Friday afternoon and was attended by top regulators from all the major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed and others. As he talked about the state of the Administration's proposal introduced last spring, Geithner started swearing about the need for regulatory reform to move forward. "There was liberal use of expletives," says an official briefed on the meeting. "Obviously it made some people uncomfortable." (See 25 people...
...broad power to police financial firms by, for instance, ensuring they are complying with rules protecting consumers from things like predatory lending and deceptive practices. Geithner also wants to consolidate the work of some of the regulators, in particular giving broad new authority to the Federal Reserve to police Wall Street. He would like to impose new oversight on hedge funds and derivatives and give government the power to close large failing nonbank financial institutions before they can threaten the entire system, as happened with AIG less than a year ago. (See who's who in Barack Obama's White...
...good enough for Geithner, who may have the most at stake. He survived the terrible start of his tenure at Treasury and managed to lead the Administration's efforts to stabilize the markets under constant attack. But he continues to struggle with the impression that he is soft on Wall Street, having come from the New York Fed (and having played a part in the crisis dealings with Lehman Brothers and AIG last fall), which is considered more sympathetic to the financial industry than some Washington overseers. To truly succeed as Treasury Secretary, insiders say, Geithner needs to show...
...mesmerizing and as beautiful as they are, most of us prefer to see jellyfish through a thick wall of aquarium glass. But given a chance to swim with invertebrates and not get stung, would you? If you have a little backbone - and have enough time and money to make your way to the tiny Pacific island nation of Palau - the answer really ought to be yes. (Read "Palau: Next Stop After Gitmo...