By Simon Johnson In an interview Thursday on PBS NewsHour, Jeffrey Brown and Treasury Secretary Tim Geithner had the following exchange: “JEFFREY BROWN: Do you think Jamie Dimon should be off the board [of the New York Federal Reserve Board]? TIMOTHY … Continue reading →
According to Tim Geithner, we won’t hit the debt ceiling until a few months into 2013. By that time, either the Bush tax cuts will…
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There will be some drama, and few splashy headlines out of the G-20 meeting in D.C. this weekend. Europe is cracking up (again), and the IMF and big guns of the G-20 will spout about “expanded firewalls” and “global co-ordination” in the final …
An interesting article in the Swiss press this morning regarding the big Swiss drug companies, Roche and Novartis.
Apparently the PIGS are not paying their drug bills. The numbers are big. The bills have been unpaid for years. Some excerpts from the…
On October 25 I wrote about what, at the time, looked like an overvalued EURUSD (it was 1.3950). Zero Hedge had an article attributing the strength to ongoing capital repatriation by EU (primarily French) banks. My words:
As long as there is Euro repa…
People have been wondering when Tim Geithner would leave Treasury almost since he started the job in the middle of a horrible financial crisis. It was back in December, 2009 that we first started speculating about his replacement.
But he’s been a s…
Paul Farrell’s latest…
Fed dictator Bernanke needs to be toppled
Commentary: Forget Mubarak, it’s Fed reign of terror that must end
ARROYO GRANDE, Calif. (MarketWatch) — Fed boss Ben Bernanke is the most dangerous human on earth, far more da…
And here I thought that the guy didn’t have “stones”…
Treasury Secretary Tim Geithner was hospitalized Friday for a kidney stone and will undergo what a spokesman called “a minor surgical procedure.”
Geith…
Ambac, CDS and Geithner: It’s AIG All Over Again
“This week in The Institutional Risk Analyst, we return to the financial travails of Ambac Financial Group (“AFG”), which recently filed bankruptcy after several years of twisting in the wind due to …
