Posts Tagged ‘Treasury’
Solyndra loans: Rarely, the federal government can work fast
Within a Treasury Department audit report released on April 3, we learn – not surprisingly – the review process for government-backed Solyndra loan was rushed thanks to Department of Energy pressure, and the fact the review process itself was undefined.
Read MoreTreasury ups the ante in government losses at GM and Chrysler
According to the Detroit News yesterday, the Treasury Department increased its estimate of government losses in the $85 billion auto bailout by another $170 million.
Read MoreChina sells $34 billion in US bonds in December
I’m no international banking financial guru, but this can not be a good sign. The flip side is that other countries – including Japan and the UK – seem to be buying, but at what price?
Read MoreNo Time To Waste
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…
Read MoreObama selects executive from The Hartford as legal counsel on economy
Consumer advocate groups are questioning President Obama’s selection of Neal Wolin as deputy White House counsel for economic affairs. Wolin, who’s position earlier this week was division vice president at The Hartford’s Property and Casualty area, has been very involved with the recent market financial crisis. The Hartford purchased a small bank in Florida last…
Read MoreTime For The Treasury Nominee To Do The Patriotic Thing
Why are liberals are so good at telling other people what to do … but somehow it never applies to them. Charlie Rangle is exhibit A. Latest example … the soon to be Secretary of the Treasury …. The man who will run the IRS … didn’t pay his self employment taxes. The man who…
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