The Obama administration’s proposal to subject banks to a tax gained steam after the Senate chose to drop a measure to make a $50 billion resolution fund prepaid by financial institutions. The go means the House’s version of the fund measure will not survive. At a congressional hearing, Treasury Secretary Timothy Geithner underscored the White House’s preference for a bank tax.
Posts Tagged ‘Timothy Geithner’
Bank tax gains ground after Senate forgoes resolution fund
May 10th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Banks, Cnbc, Financial Institutions, Gains Ground, Legal Obligation, Leverage, Losses, Obama, Preference, Proposal, Risk, Senate, Steam, Timothy Geithner, Treasury Secretary, Virtue, White House 
Comments OffGeithner says government will extend TARP though October 2010
December 10th, 2009 Before You Invest Treasury Secretary Timothy Geithner told congressional leaders that the Troubled Asset Relief Program will continue until October. The go allows the Obama administration to use unspent TARP money for other initiatives, including job creation, improved access to credit for small businesses and more help for homeowners facing foreclosure.
Geithner, Brown Split on Tobin Tax at G-20 Meeting
November 9th, 2009 Before You Invest (Bloomberg) — Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.U.K. Prime Minister Gordon Brown told a meeting of finance chiefs in St. Andrews, Scotland yesterday that such a levy could prevent excessive risk taking and fund future bank rescues, adding momentum to a debate begun by France.
Posted in Finance Fraud Tags: Amp, Apps, Banking System, Excessive Risk, Finance Chiefs, Financial Crisis, Global Economy, Gordon Brown, Great Depression, Levy, Momentum, Pid, Prime Minister Gordon Brown, Risk Taking, Speculation, St Andrews Scotland, Timothy Geithner, Tobin Tax, Treasury Secretary, U S Treasury No Comments »Timothy Geithner aides paid millions by Wall Street firms
October 14th, 2009 Before You Invest Timothy Geithner’s aides have been paid millions of dollars by a variety of Wall Street firms, including Goldman Sachs and Citigroup, according to financial disclosure forms.The treasury secretary has been tasked with cleaning up Wall Street but it has emerged his key advisors have been earning money from the institutions they are helping to regulate.Aide Lee Sachs took more than $3 million in partnership income and salary from New York hedge fund Mariner Investment Group, while advisor Gene Sperling was paid nearly $900,000 by Goldman Sachs last year, reports Bloomberg.Mr Sperling was also paid more than $150,000 for a variety of speeches he gave to different financial institutions, including the firm run by alleged fraudster Allen Stanford.Last week, a Freedom of Information request revealed that Mr Geithner has been taking calls from top Wall Street figures before meetings with members of Congress and after meeting with Barack Obama. The investigation by the Associated Press revealed that Mr Geithner has had more contact with Citigroup than with Barney Frank, the congressman in charge of promoting Mr Geithner’s plot to overhaul the regulatory system.
Posted in Finance Fraud Tags: Barack Obama, Barney Frank, Citigroup, Different Financial Institutions, Disclosure Forms, Earning Money, Financial Disclosure, Fraudster, Freedom Of Information, Freedom Of Information Request, Gene Sperling, Goldman Sachs, Hedge Fund, Investment Group, Lee Sachs, Members Of Congress, Partnership Income, Regulatory System, Timothy Geithner, Treasury Secretary No Comments »Geithner presses Congress for rules on derivatives market
July 10th, 2009 Before You Invest Treasury Secretary Timothy Geithner is seeking laws for the $592 trillion derivatives market. Geithner is set to testify before a joint hearing of the House Agriculture and Financial Services committees to call for requiring all “standardized” contracts to be traded on exchanges or other regulated platforms.
Posted in Finance Fraud Tags: Agriculture, Amp, Committees, Congress, Contracts, Derivatives Market, Disclosure Rules, Financial Services, Pid, Platforms, Sid, Timothy Geithner, Treasury Secretary, Trillion No Comments »U.S. spending against crisis almost as much as GDP
April 2nd, 2009 Before You Invest The government and the Federal Reserve have guaranteed, spent or lent $12.8 trillion to curb the economic downturn and stabilize the banking system. In comparison, the country’s GDP was $14.2 trillion last year. President Barack Obama and Treasury Secretary Timothy Geithner met Friday with leaders of the nation’s largest banks as well as industry representatives to garner their support.
Ballad of Timothy Geithner
April 1st, 2009 Before You Invest Attorney Anne McKinney sings a amusing parody about Mr. Geithner’s tax woes and poor ethical decisions. Over half a million youtube.com viewers have had a chuckle at this creative parody. Follies fan’s are sure to delight in it as well.
Posted in Finance Fraud Tags: Anne Mckinney, Ballad, Ethical Decisions, Follies, Half A Million, Parody, Tax Woes, Timothy Geithner, Youtube Com Viewers No Comments »
