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Posts Tagged ‘Timothy F. Geithner’

Grayson Sends Letter to Geithner, FSOC Regulators on Foreclosure Fraud and Systemic Risk, Calls for Foreclosure Freeze

I’m passing on verbatim another excellent roundup on the foreclosure issue emailed to me by a friend on the Hill. He’s much better informed on the issue than I am.Rep. Alan Grayson is sending the following letter to Secretary Geithner and the other me…

Larry Summers in 2000: “A Healthy Financial System Cannot be Built on the Expectation of Bailouts”

Simon Johnson points out how hypocritical Summers and Geithner are:Some of the Treasury’s advice at the time was controversial — pressing South Korea to open its capital markets to foreign investors at the height of the crisis — but the broad app…

Galbraith: Administration’s Sole Goal is to Restore System of 5 or 10 Years Ago, But Confidence Won’t be Restored Unless Fraud is Prosecuted

As I have repeatedly written, the largest U.S. banks have repeatedly gone bankrupt due to wild speculation which was blessed by the Fed, and then the government covered up their bankruptcy.Indeed, the New York Times writes today about one of the too bi…