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Treasury ups the ante in government losses at GM and Chrysler

By Dimsdale / January 31, 2012 /

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.

Solyndra loans: Rarely, the federal government can work fast

By Steve McGough / April 5, 2012 /

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.

China sells $34 billion in US bonds in December

By Steve McGough / February 16, 2010 /

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?

Obama selects executive from The Hartford as legal counsel on economy

By Steve McGough / January 29, 2009 / Comments Off on Obama 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…

Time For The Treasury Nominee To Do The Patriotic Thing

By Jim Vicevich / January 13, 2009 /

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…

No Time To Waste

By Jim Vicevich / March 28, 2009 /

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…