Larry Summers reckons rich countries are suffering from long-term stagnation. ||| Singapore - Larry Summers reckons rich countries are suffering from long-term stagnation. If accurate, the former US treasury secretary's view is chilling. It...Show More Summary
Larry Summers has warned of long-term stasis in rich nations. If the former U.S. Treasury Secretary is right, emerging markets will need to invest more to end the savings glut causing the malaise. But that means confronting an old puzzle: why hasn’t capitalism solved the problem?
If you haven't heard yet, Treasury Secretary Henry Paulson quietly inserted a provision in his $700-billion bailout plan designed to come to the rescue of struggling student loan providers. While virtually no details of the plan areShow More Summary
Bush Treasury Secretary Henry Paulson has good news. The federal budget deficit for Fiscal Year 2006 was $48 billion less than the Department of Treasury previously predicted. The bad news is that's no thanks to federal student loanShow More Summary
Tim Geithner in a random act of kindness Friday night. The former Treasury Secretary, who just joined private equity firm Warburg Pincus as managing director, was walking by himself in Georgetown when a homeless man asked for a dollar. Geithner took out a buck, handed it to the man and said, “Good luck to you.” […]
Remember when Hank Paulson grudgingly left Goldman to become Treasury Secretary? As was disclosed subsequently, the move may have been ungrudging in retrospect due to a very specific ulterior motive: in July 2006, Henry Paulson liquidated 3.23 million shares of Goldman in a one time public sale. Show More Summary
Everyone in the know is reading former Treasury Secretary Larry Summers’ speech at the meeting last week, where he strongly warns that “there is really no evidence of growth that is restoring equilibrium,” even 5 years after The Great Recession. There is no stock market bubble, Summers reiterated on cable tv this morning because the [...]
``Treasury Secretary Jacob J. Lew has strongly urged federal agencies to finish writing the Volcker Rule by the end of the year -- more than a year after they had been expected to do so -- and President Obama recently stressed the importance of the deadline.''
Even though Former Treasury Secretary Tim Geithner isn't going to one of Wall Street's powerhouse firms, he could still turn himself into a billionaire in a few years if he makes the right moves. This weekend private equity firm Warburg...Show More Summary
Over three years after current Warburg Pincus Managing Director and former US Treasury Secretary Tim Geithner welcomed everyone to the recovery, here is where we stand: "According to Markit, optimism is improving among developed economies while emerging markets still show low levels of confidence. Show More Summary
Cybersecurity, an urgent priority in U.S.-China talks earlier this year, was notably absent from Treasury Secretary Jacob Lew’s public talking points in his latest visit to Beijing.
Andrew Ross Sorkin is angry that people are upset by seeing former Treasury Secretary Timothy Geithner cash in on his public service by taking a job at the private equity company Warburg Pincus. In his column he complained: "Within 24 hours of Timothy F. Show More Summary
Former U.S. Treasury Secretary Timothy Geithner is officially moving on. Geithner, who played a key role in the government’s response to the 2009 financial crisis, is joining private equity firm Warburg Pincus LLC as president and managing director. Show More Summary
Senator Jeff Sessions (R-Ala.) sent a letter today to Treasury Secretary Jacob Lew questioning taxpayer-funded grants received by SolarCity (SCTY), a solar-panel installer. SolarCity, backed in part by entrepreneur and Tesla Motors (TSLA) Elon Musk, is the U.S. Show More Summary
Former Treasury Secretary Timothy Geithner has, predictably, cashed in his favors to Wall Street by joining a financial services firm, Warburg Pincus. According to a press release from the private equity firm, Geithner will be President of the company and a Managing Director as well as a member of the Executive Management Group. Show More Summary
Former U.S. Treasury Secretary Timothy Geithner is joining private equity firm Warburg Pincus as its president and managing director. He'll take on his new role March 1. He stepped down as Treasury Secretary in late January.
Tim Geithner, apparently now tanned and rested after a long six years of financial crisis, is going back to work. The former Treasury secretary and New York Fed chief will be president and managing director of Warburg Pincus, the private … Continue reading ?
Bloomberg reports:Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall...Show More Summary
The New York Times, covering the hiring of former Treasury Secretary Tim Geithner by private equity giant Warburg Pincus, writes this: Mr. Geithner initially seemed unlikely to join Wall Street. Seemed unlikely to whom? Oh, yes, I recall this from January as Geithner announced he'd be leaving the Obama administration: A regulator of Wall Street but not a creature of...
So Tim Geithner is finally cashing in. Less than a year after leaving his Treasury Secretary post, Tim Geithner has announced that he's joining private equity firm Warburg Pincus. As cash-ins go, it's not the most controversial. It would...Show More Summary