TITLE

Chummy Deals

AUTHOR(S)
Piontek, Steve
PUB. DATE
January 2010
SOURCE
National Underwriter / Life & Health Financial Services;1/18/2010, Vol. 114 Issue 2, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the author's view on the bailout of American International Group Inc. (AIG) whose information was not made public in 2008 in the U.S. The author says that the regulatory mismanagement of the Treasury Department by Secretary Timothy Geithner has brought the country into an unstable financial system. He claims that AIG was pressured into not disclosing information on the bailout to avoid a catastrophe, if names of counterparties to credit-swap deals were publicized.
ACCESSION #
47616477

 

Related Articles

  • Geithner Backs Plan for Taxes, Limits on Growth. Hopkins, Cheyenne // American Banker;1/28/2010, Vol. 175 Issue 15, p3 

    The article reports that U.S. Treasury Secretary Tim Geithner supports a 15-basis-point tax plan that was proposed by U.S. President Barack Obama. Geithner's comment about the financial responsibility fee at a hearing of the American International Group's bailout is mentioned. His views on the...

  • Timothy Geithner. Calabresi, Massimo // Time International (Atlantic Edition);5/11/2009, Vol. 173 Issue 19, p38 

    The article presents a profile of Timothy Geithner, the U.S. Treasury Secretary. Geithner is said to have overcome a difficult start as the man in charge of restoring the economy and reversing the financial crisis. His plan for financial regulatory reform and extensive government bailouts of the...

  • Timothy Geithner. Calabresi, Massimo // Time;5/11/2009, Vol. 173 Issue 18, p68 

    The article presents a profile of Timothy Geithner, the U.S. Treasury Secretary. Geithner is said to have overcome a difficult start as the man in charge of restoring the economy and reversing the financial crisis. His plan for financial regulatory reform and extensive government bailouts of the...

  • Geithner Rescue Plan Details Expected as Disagreements Persist. Hopkins, Cheyenne // American Banker;2/3/2009, Vol. 174 Issue 22, p20 

    The article discusses the bailout plan that is to be outlined in a speech by U.S. Treasury Secretary Timothy Geithner in February 2009. However, the article indicates that major issues remain unresolved in the week leading up to the speech. A broad framework of a foreclosure mitigation plan is...

  • Morning Scan: Geithner Takes the Stand in AIG Case; The Odd Rules for Puerto Rico Notes. Peters, Andy // Americanbanker.com;10/ 8/2014, p14 

    The article offers information on the coverage of Timothy Geithner's, economic policy maker testimony from Maurice Greenberg, business executive over the lawsuit challenging the federal bailout of American International Group Inc. (AIG). It mentions that the Greenberg and plaintiffs are trying...

  • Morning Scan: 'Hours' of Questioning on AIG Bailout; New Bond Market. Peters, Andy // Americanbanker.com;10/6/2014, p13 

    The article offers information on the lawsuit filed by Maurice Greenberg, chief executive officer at American International Group Inc. (AIG) against Ben Bernanke, former treasury secretary and former New York Federation president, Tim Geithner challenging the terms of the 2008 bailout of AIG. It...

  • TIMOTHY GEITHNER. Kearney, Helen // On Wall Street;Jan2009, Vol. 19 Issue 1, p32 

    The article features Timothy Geithner, incoming Treasury Secretary in the U.S. The Dow went up by 4.9 percent when it was announced that Geithner will become secretary of the Treasury. It is noted that he played a significant part in the bailout for the financial industry as president of the...

  • Geithner Urges Fast, Bold Financial System Rescue. Hopkins, Cheyenne // American Banker;1/22/2009, Vol. 174 Issue 14, p4 

    The article reports that Timothy Geithner, the U.S. Treasury Secretary-designate, has urged the government to continue its support of the ailing U.S. financial system in spite of criticisms that the government bailout plan is ineffective. Geithner feels that economic problems will only grow if...

  • Untested Stress Tools At Center of New Debate. Hopkins, Cheyenne // American Banker;2/17/2009, Vol. 174 Issue 31, p1 

    This article discusses the announcement by the U.S. Treasury Department that it plans to perform stress testing to determine which of the largest banks are in need of more capital. Many believe that such tests are too subjective to be accurate and that the announcement is mostly political....

Share

Read the Article

Other Topics