Timothy Geithner

On April 25, 2012, Treasury Secretary Geithner made remarkable statements about the role of elite financial fraud and greed in producing our recurrent, intensifying financial crises. In this first installment I focus on the first of five problems with Geithner’s claims: (1) he does not understand...

Currently, Treasury Secretary Timothy Geithner is testifying before a House Panel. Thus far, Geithner has stated that the US has a huge stake in the resolution of the European crisis. He stated that the global economic environment is uncertain. Geithner stated that he welcomed the recent Saudi...

Well if anyone knows how to do a bailout, dripping with moral hazard, it is the United States of Bailout.  So when in need of how to design the biggest baddest bailout, you bring in the expert.  Markets are excited as Tim Geithner travels overseas with plans to teach the Europeans on "how to do it...

Precious metals and the Swiss franc are the clear winners in Monday's early trading, as there is little improvement in the debt ceiling negotiations in the United States, while at the same time the market euphoria over the EU agreement on Greece is fading. At around 5:40 GMT, the euro moved one...

In just over three weeks the U.S. will default. According to Treasury Secretary Timothy Geithner, if the U.S. debt limit is not raised soon, the U.S. will be unable to meet all of its obligations. On Monday, President Obama addressed the nation in a speech in which he outlined his desire to get a...

U.S. President Barack Obama told a cheering crowd of Chrysler autoworkers that the economy was on the mend in a speech in Toledo, Ohio Friday. What a difference two years can make. In 2009, GM and Chrysler were on the verge of bankruptcy and were rumored to possibly go out of business. The...

The Speaker of the House John Boehner stated on Thursday that the U.S. will meet its debt obligations. This echoes the statements Treasury Secretary Timothy Geithner made earlier in the week. The U.S. government hit the debt ceiling on May 16th, and the Treasury has had to take extreme measures to...

"The United States will never default on its obligations," Treasury Secretary Timothy Geithner said on Wednesday morning. According to ForexLive, at Politico's "Playbook Breakfast" Geithner tackled the topic of the debt ceiling, stating that he was fully confident that not only would congress...

In his testimony in front of the Senate Banking Committee today, Federal Reserve Chairman Ben Bernanke urged lawmakers to refrain from using the federal debt ceiling as a “bargaining chip”, Bloomberg reports. The debt ceiling—which presently sits at $14.3 trillion—will, according to Treasury...

If war is a continuation of politics by other means, then it is fair to say that the United States and China are in the intermediate stages of the most serious world conflict since Hitler was toppled. Forget Afghanistan. Forget Iraq. Forget Libya. Set aside nightmare scenarios of nuclear missiles...