Treasury

Image Unravelling? Go Look At Produce

When in doubt about how bad you are tanking with the American public, go shopping with the first lady and look at lettuce. Bailout Anger Undermines Geithner WASHINGTON— Timothy Geithner's role in calming the financial crisis landed him the coveted job of Treasury secretary last year. That same résumé is now dogging him. In his next test, Mr. Geithner will find out this week how lawmakers are treating one of his main goals—revamping the nation's financial regulations—when Senate Banking Committee Chairman Chris Dodd unveils his new bill. In Washington, where perception can take on the status of fact, the political…
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Unlimited Funding For Fannie And Freddie; Another Disaster In The Making

The powers that be have not learned the lesson of the collapse they caused 18 months ago and are hell bent on not only repeating it, but making it even worse. The level of current taxpayer commitment to saving these two institutions is $3800 per household with that amount expected to rise if the Treasury continues on it's current course.
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