Category Archives: Economy

Neel Kashkari Is Out

About a month ago I questioned why Neel Kashkari – the incompetent Treasury official in charge of the TARP program – was still employed. Today, we got some good news. Neel Kashkari is gone: Herbert M. Allison Jr., the chief … Continue reading

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Restructure, Restructure, Restructure

The Obama administration has lost patience with General Motors and has demanded that it restructure before it will get any more government help. That seems logical enough. Yet, when both the Obama administration and the Bush administration have given hundreds … Continue reading

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Joseph Stiglitz: “Robbery Of The American People”

Nobel Prize-winning economist Joseph Stiglitz does not like┬áthe Geithner plan: “The Geithner plan is very badly flawed,” Stiglitz told Reuters in an interview during a Credit Suisse Asian Investment Conference in Hong Kong. U.S. Treasury Secretary Timothy Geithner’s plan to … Continue reading

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Wall Street Hearts Geithner

After the Treasury Department released the refurbished plan to buy up “legacy assets” (formerly known by the less tasteful moniker “toxic assets”) Wall Street responded with two thumbs up. Treasury Secretary Tim Geithner has gone from goat to hero in … Continue reading

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Robbing The Taxpayer

The United States government is colluding with the banks to rob the taxpayer. That, in a nutshell, is the newly shaped Tim Geithner bank rescue plan. That, in a nutshell, was the Hank Paulson bank rescue plan that has already … Continue reading

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