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Fannie & Freddie: Complain or Commend?
Monday, May 17, 2010 - 6:00am | 665Read More...Word broke recently of Fannie Mae’s first quarter results. The verdict? An $13.1 billion loss. As a result, Fannie is asking the federal government for $8.4 billion in assistance, tapping into its currently unlimited line of credit. The announcement comes less than a week after smaller...
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Geithner Upbeat On Europe (DJI)
Saturday, May 15, 2010 - 3:53pm | 78Read More...Treasury Secretary Tim Geithner offered an upbeat outlook on the Euro Zone late Friday which may have boosted equities in the final half hour of trading. Mr. Geithner told Bloomberg TV, "Europe has the capacity to manage through this crisis. They've committed to fix this problem. And again, I think...
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Treasury Secretary Timothy F. Geithner Remarks At A Meeting Of The Middle Class Task Force
Tuesday, April 27, 2010 - 1:51pm | 771Read More...Milwaukee, Wisconsin It's great to be here in Milwaukee. Mr. Vice President, it's great to be here with you, and with Congresswoman Moore, with Mayor Barrett and at this great university, with Chancellor Santiago. It is excellent to be away from Washington. Every time I get to visit a community...
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US Government Unveils Redesigned $100-Note
Wednesday, April 21, 2010 - 4:29pm | 263Read More...Officials from the US Department of the Treasury, the Board of Governors of the Federal Reserve System and the United States Secret Service unveiled the new design for the $100 note today. Although replete with advanced technology to safeguard against counterfeiting, the newly designed $100 note...
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Tough Road Ahead For AIG
Wednesday, January 27, 2010 - 10:17am | 346Read More...The U.S. Treasury Secretary Tim Geithner has asserted time and again that the Federal Reserve bailout was targeted at saving American International Group (NYSE: AIG) and not its counterparties. Geithner’s stance may be proved in the face of fierce questioning by the U.S. Congress, but that does not...
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Industrials and Materials Fuel Rise In US Stocks (CVX, CAT, HD, AIG, M)
Wednesday, November 11, 2009 - 11:53am | 190Read More...The Dow Jones Industrial average rose 0.5% to 10294, the S&P 500 rose to 1099 gaining 6 points, and the Nasdaq Composite gained 0.7% to 2165. Dow Jones’ stock Caterpillar (NYSE: CAT) and Chevron (NYSE: CVX) rose 1.13% and 0.86% respectively as the rise in commodity prices help both stocks. Home...
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David Einhorn On The Problem With Lehman Brothers That Should Not Have Been (JPM, AIG, C, FNM, FRE)
Monday, October 19, 2009 - 11:06pm | 189Read More...In the recent Value Investing Congress in New York City on Oct 19, all attention was focused on the talk from David Einhorn, the fund manager and president for the long short value oriented hedge fund Greenlight Capital. In his speech, Einhorn discussed how the government, helmed by Tim Geithner...
