From the category archives:

The Cabinet

Geithner Goes to Congress, Obama Goes Online

March 26, 2009

The G-O team of Secretary of Treasury Timothy Geithner and President Barack Obama were the stars of today’s showtime.
Secretary Geithner once again faced questions before the House Financial Services Committee, this time about reform:
“To address this will require comprehensive reform,” Geithner said in prepared testimony for a House Financial Services Committee hearing. “Not modest repairs [...]

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The Redemption of Timothy Geithner

March 23, 2009

Today was called the day of reckoning by many of Secretary of Treasury Timothy Geithner’s critics.  And, there have been plenty of critics of late.  Many have been sitting on the sidelines, offering nothing of substance and a lot of critical analysis, waiting for Tim Geithner to fail on all fronts.  In fact, it almost [...]

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Secretary of Treasury Timothy Geithner Introduces New Plan

February 10, 2009

This morning Secretary of Treasury Timothy Geithner introduced his new economic plan.  The plan includes the Department of Treasury, FDIC and the Federal Reserve Bank working together.
Geithner offered a brief overview of the plan that includes public and private sector investments to unfreeze the credit market and invest in small businesses with transparency.  The plan [...]

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Geithner Confirmed Not a Minute Too Soon

January 26, 2009

By a vote of 60 to 34, Timothy Geithner was confirmed as the new Secretary of the Treasury.  In other words, we will be looking to him to “fix” the crisis.
While Americans are suffering from job losses… another 40,000+ just today, it seems that our TARP money is buying a new jet.  Maybe we can [...]

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Timothy Geithner Confirmation Vote Monday at 6:00

January 22, 2009

Timothy Geithner, Secretary of the Treasury nominee, is expected to be confirmed by the Senate next Monday evening at approximately 6:00 p.m.  The vote on Geithner was announced by Harry Reid in the Senate this afternoon.
As we have learned, Geithner uses Turbo Tax to file his taxes, and he has “overlooked” some of his taxable [...]

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Secretary of State Hillary Rodham Clinton

January 21, 2009

After several hours of rambling babble, rehashing last week’s concerns, it was evident that Senator Hillary Clinton would be confirmed to the post of Secretary of State.
Finally, some seconds after 4:10 p.m. a roll call vote was held confirming Senator Clinton as President Barack Obama’s Secretary of State.  The vote was not unanimous.  However, it was [...]

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Grassley Takes on Geithner in Finance Committee Hearing

January 21, 2009

We all now know that Timothy Geithner used TurboTax to complete his 2001 and 2002 tax returns.  However, Geithner was not willing to put the blame on the TurboTax software program for his failure to pay his taxes.
Republican Senator from Iowa Chuck Grassley spent time questioning Geithner on how he prepared his taxes before going [...]

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Senate Says Not So Fast to Timothy Geithner

January 14, 2009

Perhaps, this is the second stumble of the incoming Obama cabinet, but it clearly isn’t a full faced fall.  The Senate has delayed the confirmation hearings for Timothy Geithner, Obama’s choice for Treasury Secretary.
All the delays come amid reports that Geithner had not reported some taxes and formerly had in his hire an immigrant worker [...]

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The House: Madoff Fraud Allegations

January 5, 2009

Today the House held a so-called hearing on the Madoff Ponzi scheme.  The Financial Services Committee met at 2:00 p.m. to question witnesses about the SEC and how it could have overlooked the Ponzi scheme that had been red flagged off and on since 1989.
Bernie Madoff’s firm, one among some 11,000, had never been scrutinized [...]

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The First Bump in a Long and Winding Road

January 4, 2009

Governor Bill Richardson of New Mexico and President-elect Barack Obama’s nominee for Commerce Secretary is the first bump in the road for the new administration.  It has been confirmed that Richardson has withdrawn his nomination.
The question that has come up and up and up over the past few weeks is whether Richardson exchanged New Mexico [...]

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