treasury
This is an actual United States Government high-definition production, “unveiling” the new $100 bill. If you have one of these (you never will), you will be invincible.
Good lord. Senator Ben “Wario” Nelson has introduced the “United States War Bonds Act of 2009″ this afternoon, “which would authorize the Treasury Department to begin selling bonds to fund the wars.” But this is superfluous, because we already have such bonds: they are called United States Treasury Bonds, which we use to finance any [...]
Mmm, what a tasty way to start a Tuesday morning — with reports of an obscenity-laden tussle between government money nerds over the very sexy topic of bank regulation! Here is what you need to know: Tim Geithner wants a single authority called the National Bank Supervisor providing oversight over our nation’s many banks, and [...]
Whoa, weird, Fox Business News has a delightful scoop today! They won a suit against the Treasury to release 10,000 pages in TARP-related government records, and for the good of mankind have already found a couple of funny anecdotes revealing cartoonish confusion and conflict. We’re starting to understand the mechanics of how AIG rips off [...]
THESE GODDAMN PEOPLE: Chris Dodd admits to writing the bonus loophole that allowed AIG to give out all of these bonuses, but uhhh the Treasury made him do it, which he wouldn’t have done otherwise, but hey it still happened. OPEN THREAD. [Huffington Post]
Eek, would you want to be locked in a room getting yelled at by Henry Waxman for hours and hours? Because that is how Tim Geithner got to spend his Monday night, hooray! He has the worst job in America, worse even than those people who clean up murder scenes or give Rush Limbaugh enemas.
At some point during Barack Obama’s press conference last night — toward the end, after summarizing the major works of the European baroque period, but before reading the entire text of War and Peace in response to a question about baseball — he told reporters to hold onto their pants, because Tim Geithner’s first big [...]
Financial wizard Timothy Geithner is thisclose to becoming our next President of Money, but two things stand in his way: he failed to file payroll taxes for a few years, and he hired a housekeeper who was a temporary space alien. One can’t do anything about his monster-changeling maid, as this is a common affliction [...]
Oh everybody was soooo excited that this New York guy, Tim “Timothy” Geithner, had deigned to be Barack Obama’s treasury secretary. But now it comes out that for several years he paid state and federal income taxes but no payroll taxes! Well, everybody knows that payroll taxes are just for poor people anyway. They’re not [...]
Money-printing liquidity trapper Ben Bernanke has been a Local Loser in recent months after rapidly cutting the federal funds rate to negative 1,000% to no effect whatsoever, except national embarrassment. He’s had to print Master Paulson’s money, alone, every night, as punishment. He is not allowed to shave. But as Paulson and his flack Neel [...]
Oh dang! Rumor has it that Tim Geithner, our Treasury Secretary-to-be, does not care for our beloved Sheila Bair and her maverick ways. Bair is the chairman of the FDIC and one of the few high-profile Bush administration appointees to very repeatedly and publicly bang the drum about how if our financial crisis is ultimately [...]
TARP II HAS AN ACTUAL NAME!: Our Government Money People were at least smart enough to realize that sequels almost always fail to live up to originals, so — knowing how well original TARP has performed so far (yikes!) — they have avoided calling the new $800 billion money bonfire “TARP II,” which probably would [...]
Whoa hey… whoa… what the hell? “The United States government unveiled $800 billion worth of new loans and debt purchases on Tuesday, hoping another massive infusion of cash would smooth troubled credit markets and make borrowing easier for homebuyers, small businesses and students.” Ha ha, it’s like the original TARP, but for consumers and eggheads [...]
Treasury Secretary Hank Paulson announced a major shift today in the Troubled Asset Release Program (TARP!) — or, as the kids call it, “n00bama bailout $ocialism” — and we do not necessarily know to what the shift is. We know from what Hanky is shifting away, though, and that is the plan to buy toxic [...]
