Geithner is trying to rewrite history in new book
What’s wrong with this picture? Tim Geithner, the former US Treasury secretary and one-time head of the New York Federal Reserve Bank, wants to be seen as one of the...
View ArticleGeithner must hand over fraud suit documents to S&P
A federal judge ruled that former Treasury Secretary Timothy Geithner must hand over documents to Standard and Poor’s relating to the ratings firm’s claim that the US sued it in...
View ArticleClueless Geithner: Never saw the meltdown coming
Tim Geithner says he tried to push back against the heavy risk-taking that doomed the financial system in 2008 while fighting complacency among fellow regulators. He was openly worried that...
View ArticleGeithner: PE tax hike a no-go for Obama
Private-equity profits are safe from President Obama. PE industry critics who are calling on Obama to use his executive powers to raise taxes on profits pocketed by investment managers, known...
View ArticleEx-policy bigs to testify in trial over AIG bailout
Talk about a “stress test.” More than six years after the collapse of Lehman Brothers, Ben Bernanke, Henry “Hank” Paulson and Tim Geithner — the crisis-era trio that orchestrated the...
View ArticleUS imposed ‘extortionate’ interest rate on AIG: Greenberg
Six years after the government bailed out AIG, $40 billion of taxpayer money can come down to one word: equity. In an overflowing courtroom Monday, AIG’s largest shareholders launched a...
View ArticleGeithner: Saving AIG was essential
The government engineered a takeover of AIG through a special stock plan, in part because officials feared some stakeholders would scuttle the deal, Timothy Geithner testified in a trial over...
View ArticleGeithner borrowed page from ‘Doomsday’ book for AIG bailout
WASHINGTON — Timothy Geithner, one of the key architects of the 2008 taxpayer bailout of AIG, told a judge Wednesday morning he consulted the secret Federal Reserve’s “doomsday book” before pulling...
View ArticleThe secret alias Bernanke used as he tried to save the economy
Edward Quince played an important but little understood role in crafting the government’s response to the deepening financial crisis in 2008. Who’s Edward Quince? It’s the online alter-ego former...
View ArticleFinancial titans blast AIG at trial
Maurice Greenberg’s blockbuster week turned into a flop. For five days, three of the most powerful figures of the 2008 financial crisis were called to defend themselves for allegedly demanding...
View ArticleTim Geithner heads to NY private-equity firm
So, why did private-equity firm Warburg Pincus hire Tim Geithner as its president? “Warburg Pincus is struggling to figure out where to focus,” a source close to the firm said. The former Treasury...
View ArticleFormer Treasury chief nixed BlackRock offer
Sorry, Larry Fink. Former Treasury Secretary Tim Geithner passed up a chance to work at mega-fund manager BlackRock, according to sources. Geithner, who has landed a plum private-equity gig with...
View ArticleTreasury chief Geithner sought revenge on S&P: McGraw
That’s the message McGraw Hill Chairman Terry McGraw learned in 2011 after his company — Standard & Poor’s — downgraded the U.S.’s 60-year-running AAA credit rating to AA+ with a negative outlook,...
View ArticleFormer top Obama advisers set to give inside look
WASHINGTON — Over the next month, two of President Barack Obama’s closest first-term advisers will spill insider details on the administration’s handling of the early days of the Great Recession, the...
View ArticleFormer Obama advisers set to spill White House secrets
WASHINGTON — Over the next month, two of President Barack Obama’s closest first-term advisers will spill insider details on the administration’s handling of the early days of the Great Recession, the...
View ArticleGeithner suggested Hillary Clinton to be his possible successor
WASHINGTON — Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible...
View ArticleFormer Treasury chief: I was too soft on banks
Tim Geithner — the man at the center of the whole financial crisis and alleged recovery — finally talks. As NY Fed chief in 2008 and Treasury secretary in 2009 and onward, Geithner was in the room...
View ArticleGeithner’s ‘Stress Test’ will offer inside look at Lehman collapse
Just in time for the summer beach-reading season, former Treasury Secretary Tim Geithner’s “Stress Test” offers his own tick-tock of the tumultuous days and months following the collapse of Lehman...
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