treasury

Can we just raise it already? Or abolish it? http://www.washingtonpost.com/business/economy/in-latest-debt-ceiling-move-treasury-to-tap-thrift-savings-plan-money/2013/01/15/01d23d86-5f66-11e2-b05a-605528f6b712_story.html?wpmk=MK0000200

The financial bailouts worked in the Treasury's favor, this one not surprisingly will not. The Treasury plans to sell its stock in GM over the coming year at a loss. I said it then and will say it now- the car companies should not have been bailed out...

And so comes toward a close the great bailout of our time. I'll be honest, I didn't see this one coming (the others maybe, but I didn't have faith in AIG). Let's hope it never happens again. http://www.businessinsider.com/treasury-sells-final-aig-shares-2012-12

The sale will bring the government's stake down to 55%. AIG is buying $3 billion of the 4.5. The government made a profit on the stock sold. http://online.wsj.com/article/SB10000872396390443866404577567292043498220.html?mod=googlenews_wsj

The stance that Spain could raise money on its own seems to be gone. After officials asked for the issuance of Euro bonds or further German help, the Treasury minister is now saying Spain is effectively being shut out of the bond market as rates continue to go up. There is an auction scheduled...

The three companies which received bailout money and have not paid it all back yet are getting some stricter rules from the Treasury including freezes on CEO salary and some cuts for senior level executives. Ah when the government starts running businesses... (not that the pay cuts are not a...

This is following calls by GOP congressional leaders for the billionaire to donate money since he was in support of higher taxes on the wealthy. He is offering 3 to 1 matching for Mitch McConnell. http://www.reuters.com/article/2012/01/11/us-buffett-idUSTRE80A24U20120111

Timothy Geithner might be on his way out. There are suggestions that the Treasury Secretary will step down later this year after the debt ceiling negotiations are concluded. It is a bit of surprise, but I will be glad to see him go...

Some of you who have seen my recent posts may think I have it out for Geithner, but seriously after all he has done, how can anyone support this man? At the House Finance Services Committee hearing a couple days ago, Geithner was unable to tell Congresswoman Bachmann how the treasury's recent...