By Simon Johnson. On the “PBS NewsHour” in late May, Treasury Secretary Timothy Geithner indicated that the continued presence of Jamie Dimon, the chief executive of JPMorgan Chase, on the board … Continue reading →
Tag Archive for Treasury Secretary
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Geithner Says JPMorgan Loss Manageable Due to Capital – Bloomberg
by Newswires • • 0 Comments
Geithner Says JPMorgan Loss Manageable Due to CapitalBloombergU.S. Treasury Secretary Timothy F. Geithner said JPMorgan Chase & Co.'s $2 billion trading loss was “a pretty significant risk-management failure” that was …
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Obama hopes dim with results of economic missteps – MarketWatch
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…[Obama’s] failure to hold financial kingpins accountable for the crisis that spawned the Great Recession was inexcusable. And this failure was compounded by not mounting any significant financial reform but instead passing a Frankenstein bill that — besides not addressing many of the real problems — was unwieldy, unnecessarily complex, and unworkable. It was perhaps…
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Who will be the next Treasury secretary? | Felix Salmon
by Lee Adler • • 0 Comments
Glenn Somerville has one of the first of what will surely be many articles handicapping possible Treasury secretaries come January. We know we’re going to get a new one, whatever happens — Geithner won’t stay on for a second term. Top of the list if Obama gets re-elected is Larry Fink, of Blackrock — he…
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JPMorgan’s debacle, and its parallels to AIG – Washington Post
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JPMorgan's debacle, and its parallels to AIGWashington PostLast week, the once-future Treasury secretary and current JPMorgan Chase CEO Jamie Dimon revealed a $2 billion loss. This previously undisclosed derivative trade should be a wake-up call fo…
Contributors- Economic and Financial, Must Read
Geithner to Dimon: Resign From The Board Of the New York Fed – Simon Johnson- The Baseline Scenario
by Simon Johnson • • 0 Comments
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 →
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In Talks, U.S. Highlights Economic Concessions By Chinese – NYTimes.com
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By ANNIE LOWREY WASHINGTON — American officials said early Friday that their annual summit meeting on strategic and economic issues with China had resulted in tangible economic concessions, despite the unprecedented diplomatic furor over a Chinese human-rights advocate seeking aid from American officials. The case of the Chinese dissident, Chen Guangcheng, has overshadowed the annual…
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Geithner Asks China to Let Its Currency Strengthen – ABC News
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ABC NewsGeithner Asks China to Let Its Currency StrengthenABC NewsAhead of a meeting with Chinese leaders, Treasury Secretary Timothy Geithner is urging the Asian nation to let its currency strengthen and move forward with economic reforms. The treasur…
Bruce Krasting, Contributors- Economic and Financial, Lee's Free Thinking, Must Read
Employment Data Saga Continued: Krasting Says Larry Summers Misstates; Stockman Says It Goes Deeper
by Newswires • • 7 Comments
The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital markets, federal economic policy, monetary policy and, most importantly, politics.
The LFPR hit a new record low …
Bruce Krasting, Contributors- Economic and Financial, Must Read
DOJ’s Latest "Beat Down" on Swiss Banks
by Bruce Krasting • • 0 Comments
Wow! The Department of Justice took an extraordinary step yesterday. It indicted Swiss private bank, Bank Wegelin, for aiding and abetting in US income tax fraud. This is a big deal.
I’ll try to keep this fascinating story brief.
Bank Wege…
