World-News

Dean Baker, Truthout: As praise for Treasury Secretary Timothy Geithner pours in, Dean Baker reminds us that while federal bailouts were good for big banks, they were not the saving grace of the American people.

http://truth-out.org/opinion/item/14175-timothy-geithner-saved-wall-street-not-the-economy



As Federal Prosecutors Cash In, Big Bankers Go Unpunished

Richard Eskow, Campaign for America s Future: As Deputy Attorney General Lanny Breuer exits the Obama administration, Richard Eskow reflects on the ''leaders'' that failed their country when it came to economic reform.

http://truth-out.org/opinion/item/14190-as-federal-prosecutors-cash-in-big-bankers-go-unpunished



Geithner Gets a Perch on Wall Street

Jim Hightower, OtherWords: The former treasury secretary is proof the Washington-to-Wall Street revolving door serves the interests of bankers, not the public.

http://truth-out.org/opinion/item/20971-geithner-gets-a-perch-on-wall-street

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Treasury approved ''excessive'' pay for executives at bailed-out AIG, GM and Ally

Washington Post

01/28/13

A watchdog says the U.S. Treasury Department disregarded its own guidelines and allowed large pay increases for executives at three firms that had received taxpayer-funded bailouts during the financial crisis. The Special Inspector General for Troubled Asset Relief Program says Treasury approved 18 raises for executives at American International Group Inc., General Motors Corp. and Ally Financial Inc. Of those requests, 14 were for $100,000 or more. One raise, for the CEO of a division at AIG, was for $1 million...

http://tinyurl.com/asvmasa


Informant: Thomas L. Knapp

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Geithner moves from US Treasury to Wall Street

Geithner joins the legions of bank regulators and officials who have leveraged their insider status while in government to land positions in private finance paying millions in salaries and bonuses.

http://www.wsws.org/en/articles/2013/11/21/geit-n21.html


From Information Clearing House



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Washington
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=US+economy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=financial+crisis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Treasury
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Geithner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=revolving+door
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=General+Motors
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=executives
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=salaries
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bonus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=taxpayer
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Richard+Eskow
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jim+Hightower

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