Tim Geithner Really, Really Likes Elizabeth Warren
Treasury Secretary Tim Geithner attempted to set the record straight on the Charlie Rose show last night. He said Elizabeth Warren, a candidate to head the new Consumer Financial Protection Bureau, is “capable” and “effective” and would do a “great job” in the post.Geithner has been accused of lobbying against ...
Grayson: Geithner doesn't want Fed audit for personal reasons
Rep. Alan Grayson (D-Fla.) suggested Friday that Treasury Secretary Tim Geithner opposes an audit of the Federal Reserve bank because he would be personally damaged by a probe. Grayson -- who co-sponsored an amendment to the House's financial reform bill to force a full audit of the central bank -- ...
The Speech: The Good, The Bad and The Missing
The Good: The president had strong language for backing real derivative reforms. The Bad: Vague language about the "Volcker rule" will not stop Too Big To Fail; but a plan like this (or even one like this) for breaking up the current mega-banks and limiting their liabilities will. The Missing: ...
Transcript & Video: Bill Black Testimony on Lehman Bankruptcy
Bill Black scorched everyone with his testimony on the failure of Lehman Brothers before the House Financial Services Committee today. His prepared remarks can be found here (PDF).CHAIRMAN KANJORSKI: And now we’ll hear from Mr. William K. Black, Associate Professor of Economics and Law, the University of Missouri, Kansas City ...
This letter is a call to (electronic) arms on Patriots' Day. Mr. President, please show the American people the AIG emails. In the wake of the disclosures associated with Friday's government fraud accusations against Goldman, Sachs & Co., one of our nation's wealthiest, largest and most politically well-connected banks, it ...
Former Treasury Secretary Robert Rubin — who watched his reputation as an economic titan shatter after he left the Clinton White House — is decidedly out of favor in the nation's capital. Except for one place — the Obama administration. Behind the scenes, Rubin still wields enormous influence in Barack ...
Larry Summers May Be Leaving Obama Administration
The conventional wisdom in Washington and on Wall Street has been that Treasury Secretary Tim Geithner -- the target of populist outrage over Wall Street bailouts and high unemployment -- would be the first to leave the Obama administration’s economic team after the mid-term elections. But the FOX Business Network ...
Top Treasury Official Leaves For Lobbying Firm
Just as Congress enters the final stretch of the financial regulatory reform effort, one of the Treasury Department's leading liaisons to the Hill, Damon Munchus, is bailing out to go work for a financial services lobbying and consulting firm.Munchus was one of Treasury's chief negotiators with the House Financial Services ...
Even as the economy shows signs of recovery, a government watchdog is warning that another financial crisis is coming round the bend -- and that the Treasury Department and financial regulators are not prepared to deal with it."There is a commercial real estate crisis on the horizon, and there are ...
Geithner draws fire defending Fed on AIG bailout
WASHINGTON – Democrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger over Wall Street's return to prosperity while 10 percent of Americans are still jobless.Geithner, one of the original architects of the ...
As we sit here today, Wall Street continues to exploit a policy of government-sponsored giveaways and secrecy to pay themselves billions. Record-setting bonuses due to banks like Goldman Sachs as early next week. Yet instead of acting as our cop, Secretary Tim Geithner has become central to what may be ...
House panel wants Geithner to testify about New York Fed and AIG
The chairman of the House oversight committee turned the spotlight Friday once again on the government's much-maligned bailout of American International Group, saying he would ask Treasury Secretary Timothy F. Geithner to testify about whether company executives were told to withhold key details about how they were spending taxpayer money. ...
In a December New York Times op-ed, we called for the full public release of AIG email messages, internal accounting documents and financial models generated in the last decade. Today, a Bloomberg story revealed that under Timothy Geithner’s leadership, the Federal Reserve Bank of New York told AIG to withhold ...
Geithner’s Fed Told AIG to Limit Swaps Disclosure
Jan. 7 (Bloomberg) -- The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. AIG ...
New Year's Resolution: Clean House
President Obama's own instincts on how do deal with the economy seem to be somewhat better than those of his most senior advisers. At the White House jobs summit in December, he sounded less like Larry Summers or Tim Geithner and more like the man we heard on the campaign ...
'We may have to sacrifice just two more jobs to get millions back for Americans'
President Barack Obama "is being failed by his economic team" and should replace Treasury Secretary Tim Geithner and White House economic policy director Larry Summers, says US House Rep. Peter DeFazio. The prominent member of the Congressional Progressive Caucus told MSNBC's The Ed Show that he and other House members ...
Animal House Rules: Treasury Proposes to Use DOUBLE SECRET PROBATION
You can never compete with self-parody, and Treasury and the Fed have mastered the art. The proposed legislation to respond to systemically dangerous institutions (SDIs) reveals that the Fed and Treasury are sowing the seeds for the next crisis. But the bill is also wonderfully wacky. The core of the ...
On Tuesday morning, in Chicago, the unions came to town. It was the final day of the rolling protest dubbed The Showdown in Chicago, a confrontation with the American Bankers Association, whose members had gathered for their annual meeting. With a crowd estimated at 5,000, it was without a doubt ...
New York Fed's Secret Choice to Pay for Swaps Hits Taxpayers
Oct. 27 -- In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-default swaps from AIG, according to a person who has worked with ...
Congresswoman Marcy Kaptur steals the show in Michael Moore’s new movie Capitalism: A Love Story as the sharp-tongued critic of last year’s financial bailout. Sitting in her Washington office, the cheerful 63-year-old representative from Ohio has the manner of a benevolent fairy godmother, but her message is harsh and to ...
One year after the global economic collapse, the United States has yet to adopt any legislation to change the way it oversees or regulates financial industries. Banks that received bail-out money still don't have any restrictions placed on the way they spend the government's cash, and although President Obama wants ...
Michael Moore exposes Paul Ryan’s bank bailout bluster
Wisconsin Congressman Paul Ryan is one of the stars of Michael Moore's new movie, "Capitalism: A Love Story."But you can bet that the conservative from Janesville is hoping that none of his constituents sees his performance.In a section of the critically acclaimed examination of how Wall Street insiders diverted hundreds ...
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January 17th, 2012
STOP SOPA: Why MichaelMoore.com Will Be Blacked Out Wednesday, January 18th
My websites MichaelMoore.com and Mike's High School Newspaper will both be going dark for 24 hours starting at midnight tonight in protest of the Stop ...
December 30th, 2011
75 Years Ago Today, the First Occupy
On this day, December 30th, in 1936 -- 75 years ago today -- hundreds of workers at the General Motors factories in Flint, Michigan, took ...
December 28th, 2011
Click here to donate to the congressional campaign of Flint's own Dan Kildee I have many things I'm planning to do in the New Year ...
December 24th, 2011
A Little Christmas Gift for You to Download
Thanks for all the wonderful comments regarding the short story about my mom from HERE COMES TROUBLE that I sent you a few days ago. ...
December 20th, 2011
Here's a New Free Chapter from HERE COMES TROUBLE
Thank you to the tens of thousands of you who have read HERE COMES TROUBLE and helped to make it a New York Times bestseller ...
December 18th, 2011
LAST CALL: Signed First Editions Will Be Gone by Tomorrow! ORDER TODAY, RECEIVE BY XMAS
My publisher has informed me that they are down to their last crate of the first printing/first editions of HERE COMES TROUBLE -- the ones ...
December 17th, 2011
A Man in Tunisia, a Movement on Wall Street, and the Soldier Who Ignited the Fuse
It's Saturday night and I didn't want the day to end before I sent out this note to you. One year ago today (December 17th), ...
September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
Home Front: Portraits from Sheikh Jarrah
Mike, was the triple overtime Outback Bowl come-from-behind win the greatest Spartans game ever?
Yes -- or at least it will be until their appearance in next year's Rose Bowl, a game which... Continue Reading
Michael Moore on Conan, 12/7/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/21/11
Michael Moore on Countdown with Keith Olbermann, 11/15/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/9/11
