Mar 8th, 2010 · Voters in Iceland have rejected a referendum that planned to spend billions of dollars to repay Britain and the Netherlands for debts spawned by the collapse of an Icelandic bank. Britain's treasury secretary said he expects to get back several billion dollars that Iceland owes, but admitted it could take many years.
Jan 27th, 2010 · The Treasury secretary defended the insurance giant's $182 billion rescue but told a House panel that he had "no role" in withholding details of deals in which billions of dollars meant to bail out AIG instead went to its business partners.
Jan 8th, 2010 · The New York Fed, then led by Timothy Geithner, instructed American International Group not to disclose information on payments AIG made to banks, newly revealed e-mails show. Geithner, currently the Treasury secretary, has been criticized for being too cozy with Wall Street.
Jan 8th, 2010 · The New York Fed, then led by Timothy Geithner, instructed American International Group not to disclose information on payments AIG made to banks, newly revealed e-mails show. Geithner, currently the Treasury secretary, has been criticized for being too cozy with Wall Street.
Jan 8th, 2010 · The New York Fed, then led by Timothy Geithner, instructed American International Group not to disclose information on payments AIG made to banks, newly revealed e-mails show. Geithner, currently the Treasury secretary, has been criticized for being too cozy with Wall Street.
Dec 17th, 2009 · Citigroup decided repay its TARP money so this week it held a giant share offering in order to raise money for that repayment effort. Investors were so lukewarm, the bank had to sell its stock at a significant discount. The government took that as a sign that this may not be the best time to sell its Citigroup shares. The U.S. had bought those shares as part of the bank rescue program.
Dec 12th, 2009 · The Treasury Department is dispatching three-person teams to ensure that banks and mortgage companies are doing everything they can to help prevent foreclosures. The government says it hopes to help up to 4 million people, but some observers are underwhelmed by the effort.
Dec 11th, 2009 · The Treasury's pay czar, Kenneth Feinberg, is limiting cash compensation for executives at Citigroup, GMAC, AIG and General Motors to $500,000 and delaying other payouts. The rules apply to the second half of December, and won't affect what execs have already been paid this year.