It's a conundrum. Americans have been told for years they need to save more, but America been a society of spendthrifts. In this global recession, many have said that a recovery will not occur, including job recovery, until America starts spending again, yet here we have Tim Geithner, Treasury Secretary, saying Americans need to save more.
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Chairman Frank, Ranking Member Bachus, members of the House Financial Services Committee, I am pleased to be back before you today as our Administration and this Congress work toward comprehensive reform of our financial regulatory system.
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The news agencies report the the U.S. Secretary of Treasury Tim Geithner is having serious difficulties for selling his house and has put it on a rent.
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Here is the Sample Investment plan that the U.S. Treasury has unveild as to how it will invest under the Legacy Securities Program of the Public Private Partnership Program that Treasury's Tim Geithner unveiled this morning.
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The U.S. Treasury Secretary Tim Geithner just released the Public Private Partnership Investment Program that aims to stabilize the U.S. banks and help to promote the economy. Bellow are the complete details of the investment program.
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The U.S. economic chief is expected to announce a new plan Monday to help banks get rid of the toxic assets that are clogging the financial system.
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In the wake of the growing issues surrounding the AIG bonus scandal and U.S. Treasury Secretary Timothy Geithner’s oft-demonstrated inability to lead and act appropriately, Congressman Connie Mack (FL-14) today called on Secretary Geithner to either resign or be fired from his position.
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On Tuesday, Treasury Secretary Tim Geithner outlined the new "bank rescue" plan, detailing major changes as well as expansion to the program.
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This story's running on the wires now: Geithner Delays Bank-Rescue Speech to Keep Focus on Stimulus. The fact that it's being delayed isn't exactly surprising. The T.A.R.P. II program is downright offensive to the sensibilities of sane people everywhere. The non-taxcut portions of the Stimulus bill (a/k/a the "American Recovery and Reinvestment Act of 2009"), on the other hand, are brutally needed right now.
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First Geithner, now Daschle. Why can't Obama's people pay their taxes?! Tom Daschle apparently forgot to pay for his driver and car which cost 128,000 dollars. Apparently Daschle corrected the error and paid the fees on January 2nd. But this brings up a question, do we want people running this country who can't remember to pay what they owe in taxes!
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Despite issues and questions around his missed Medicare and Social Security tax payments when he worked for the International Monetary Fund, Tim Geithner was today confirmed and sworn in as Barack Obama's Treasury Secretary.
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