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On June 2, I wrote about the IRS conferences being held between 2010 and 2012. During that period, the inspector general’s report indicated the agency spent upwards of $50 million on conferences. About a year ago, then Treasury Secretary Timothy Geithner – or someone answering his mail – outright lied and claimed the department had only spent $500,000…
Hey, when you’re trying to run an expanding federal government, seeking permission from the people to spend more and more money we don’t have is a bloody inconvenience. When asked if we should ditch the debt limit all-together, Treasury Secretary Timothy Geithner agrees with Alan Greenspan – spend away! “Well, this is something only Congress can solve,”…
I debated whether or not I would post this, because it’s just so doggone depressing. But it’s also refreshing to hear this coming from someone in the administration. Yesterday Treasury Secretary Tim Geithner, when asked the question how long this recession will continue, he responds … oh why should I spoil the surprise video below…
A Christmas Eve White House decision that nobody will notice. President Obama and his treasury secretary, Timothy Geithner, have elected to increase loss coverage for the Government Sponsored Enterprises (GSE) of Fannie Mae and Freddie Mac from $200 billion to unlimited for the next three years.
Did anyone notice the big drop (more than 3.5%) in the stock market as of Monday’s close? As the financial stocks seem to have been the hardest hit, the better question, however, is “why”? Well, it seems that this weekend, the latest administration news “leak” landed with a thud, causing an even louder thud on…
Just in case you were wondering if the CEO of General Motors is the only one facing the guillotine (figuratively of course).
Secretary Geithner needs sweeping powers to do all kinds of things like take over financial institutions that the government thinks might possibly need taking over. So he needs to move fast … faster than fast. No time to look this deal over … quick. First this on Wednesday Allowing the Treasury Department to take over…
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