United States Department of the Treasury - best news, blogs, videos, photos and more - The Exxchange

FOREX-Dollar holds gains, Treasury auctions eyed

27 Dec 2009 22:09:26 PST

ID:nLDE5BP055] Share markets that were open in the region, where some centres including Australia are still on holiday, rose and US Treasury futures TYv1 ... and more »

Original story at Reuters .

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US Treasury to extend unlimited financial help to Fannie Mae, Freddie Mac

24 Dec 2009 23:47:11 PST

ABC News In a Christmas Eve announcement, the US Treasury Department said that it would extend unlimited financial assistance to Fannie Mae and Freddie Mac, ... US extends guarantees on Fannie, Freddie through 2012AFP

Original story at TopNews United States .

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Sprott Calls The Fed "A Ponzi Scheme" As Half A Trillion In Treasury ...

24 Dec 2009 03:59:00 PST

As a thought experiment, we separated all the various US Treasury owners and asked our readers whether each group could afford to increase their 2009 ... and more »

Original story at Prison Planet.com .

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Fannie Freddie May Need Another $400 Billion Taxpayer Assistance

15 Dec 2009 12:18:19 PST

Written by Michael Shedlock(noreply@blogger.com)
“The Treasury has shown that their pain threshold is almost” non-existent, and the housing “market is still very fragile,” Miller said in an interview. It is quite clear the Treasury does not care how much pain it inflicts on taxpayers, which is exactly what happens when housing is used a p...

Original story at Mish's Global Economic Trend Analysis .

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Treasury sanctions 3 for Mexico drug cartel ties

15 Dec 2009 08:22:58 PST

WASHINGTON (Reuters) - The US Treasury Department on Tuesday blacklisted two Mexicans and one Colombian, accusing them of providing material support to the ... and more »

Original story at Reuters .

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Bank of America Has "Good Excuse" for Not Offering Mortgage Modifications; HAMP a Spectacular Failure

29 Nov 2009 02:20:49 PST

Written by Michael Shedlock(noreply@blogger.com)
Bank of America's answer can be found in U.S. Treasury to Push Lenders to Finish More Home Modifications. The U.S. Treasury Department will step up public pressure on lenders to finish modifying more home loans to troubled borrowers under a $75 billion campaign against the record tide of fore...

Original story at Mish's Global Economic Trend Analysis .

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United States Department of the Treasury news and blogs - February 27, 2010

27 Feb 2010 00:00:01 PDT

Below is today's roundup of news and blogs that haven't yet hit top story status by our community. Visit United States Department of the Treasury news and blogs for even more news and blogs converage.

• Hypocrite Bernanke and his Political Pandering; Bernanke Buys Votes -- by Michael Shedlock(noreply@blogger.com) from Mish's Global Economic Trend Analysis
• Wells Fargo completes TARP repayment -- from Bizjournals.com
• Lloyds TSB Bank reaches $217 mn settlement with US Treasury -- from Expressindia.com
• US Treasury Freezes Assets Of Iraq-Based Insurgent Group JRTN - Capital.gr -- from press release
• Treasury freezes assets of insurgent group in Iraq for attacks US and ... - Gaea Times -- from blog
• Treasury Corrects Rules On TARP Executive Compensation Restrictions - Mondaq News Alerts -- from registration
• JGBs drop on Treasuries, Nikkei's rise to 3-mth high -- from Reuters
• Chinese miner backs out of deal after US objects -- from Reuters
• A TARP For Dubai - 24/7 Wall St. -- from blog
• Congress Made the Bank Bailouts Work for Taxpayers - Seeking Alpha -- from blog

See complete United States Department of the Treasury news, blog, video, and photo coverage at The Exxchange.

Bank of America Debated Government Aid

16 Nov 2009 10:08:45 PST

That's the day before Chief Executive Kenneth Lewis called then-US Treasury Secretary Henry Paulson, to say the bank might invoke a "material adverse ... Moynihan, in running for Bank of America's top job, has experience winning ...Boston Globe all 733 news articles »

Original story at Wall Street Journal .

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On the US dollar, Europe Sings a Classic Meatloaf Hit, Two Out of Three Ain't Bad

19 Oct 2009 23:22:14 PDT

Written by Michael Shedlock(noreply@blogger.com)
Please consider Treasury Secretary Snow reiterates strong dollar policy. AP Worldstream 12-03-2004 Dateline: NEW YORK U.S. Treasury Secretary John Snow reiterated Friday that the Bush administration has a strong dollar policy.

Original story at Mish's Global Economic Trend Analysis .

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No sign of bond vigilantes, despite soaring U.S. deficit estimates

25 Aug 2009 00:20:15 PDT

Written by Tom Petruno
The government is on track to run a deficit of $1.58 trillion in the current fiscal year, the White House Office of Management and Budget said today. That is $262 billion less than previously forecast, mainly because of smaller-than-expected outlays for the financial-system rescue.

Original story at latimesblogs.latimes.com .

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U.S. to China: Our debt is better than your debt

23 Jul 2009 10:49:00 PDT

Written by Andrew Leonard
As the U.S. Treasury prepares, once again, to auction off a record amount of securities next week to pay for the ongoing expenses of the U.S. government, chatter is, once again, swirling over whether investors will demonstrate sufficient appetite for $115 billion worth of Treasury bills, n...

Original story at Salon .

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Shining a harsh light on hedge funds

16 Jul 2009 15:56:00 PDT

Written by Andrew Leonard
The legislation would require firms for the first time to report their assets, leverage, off-balance sheet holdings and investments to regulators on a confidential basis, the department said today in a statement. The law would apply to hedge funds, private-equity firms and venture ca...

Original story at Salon .

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Bazooka Ben Bernanke?

29 May 2009 06:36:43 PDT

Barclays Capital strategist Michael Pond thinks it's time for the Federal Reserve to pull out the really big guns and announce it will buy $1 trillion in US Treasury debt in order to counteract a recent jump in Treasury and mortgage interest rates. ...

Original story at Reuters .

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Opinion: Willem Buiter: Treasury Will Have to Abandon Current Approach to Banks

16 Apr 2009 00:55:18 PDT

Written by Yves Smith(noreply@blogger.com)
There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...

Original story at naked capitalism .

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Runaway Trains Gather Momentum

03 Feb 2009 04:19:30 PST

Written by Michael Shedlock(noreply@blogger.com)
Japanese stocks ended lower Tuesday, in volatile trading highlighted by a midday announcement that the Bank of Japan will resume buying shares held by financial institutions, with plans to spend up to 1 trillion yen ($111.5 billion) through April 2010.

Original story at Mish's Global Economic Trend Analysis .

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Secretive group has a say in AMD deal

03 Jan 2009 02:00:00 PST

Despite support from New York's congressional delegation, Sen. Jon Kyl, R-Ariz., has written Treasury Secretary Paulson saying he has "serious issues" with the deal from a national security perspective, according to the Washington Times.

Original story at Albany Times Union .

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Opinion: The JPY has gained against the EUR

26 Nov 2008 00:50:17 PST

Written by info@varengold.de (Varengold Wertpapierhandelsbank AG)
Good morning from beautiful and cold Hamburg. The FOREX market started to get stronger after the surprising and important new announced government plan of the United States. However we hope for good news and wish you all the best in trading for today. Market review On Tuesday the U.S. Treasury...

Original story at FXstreet.com .

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Mark Weisbrot: South America: Recession Can Be Avoided

18 Nov 2008 14:54:54 PST

Written by Mark Weisbrot
Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States? Since the financial meltdown began... Can South America escape the wrath of the economic and financial storms that have their epicenter in the United States? Since the fi...

Original story at Huffington Post .

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Crisis Is Beyond The Reach of Traditional Solutions By Paul Craig Roberts

13 Nov 2008 17:00:12 PST

Written by dandelionsalad
For years, the US government’s budget has been dependent on foreigners financing the red ink. Countries such as Japan and China and OPEC suppliers of oil to the US have huge export surpluses with the US. They recycle the dollars by buying US Treasury bonds, thus financing the US government’...

Original story at dandelionsalad (WordPress) .

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Wells to offer $10 billion in stock, half what was expected

05 Nov 2008 19:09:20 PST

Written by Tom Petruno
Wells, long one of the strongest of the biggest U.S. banks, had said it didn’t need the government’s money, which was in the form of a preferred stock investment that would pay the Treasury 5% a year in dividends. But Treasury Secretary Henry M. Paulson insisted that all the nation’s biggest ba...

Original story at latimesblogs.latimes.com .

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As dollar grows stronger, cross-border trade softens

28 Oct 2008 02:00:00 PDT

It's a global flight to quality," said Paul Calhoun, a business professor at Skidmore College in Saratoga Springs. "The U.S. Treasury has no equal when it comes to being a safe haven." But she said it's unlikely that many manufactures will make lasting business decisions based on short-term...

Original story at Albany Times Union .

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James Howard Kunstler on economic meltdown

26 Oct 2008 22:11:54 PDT

Written by Mark Frauenfelder
The thin silver lining in James Howard Kunstler's dark thundercloud of doom is that Americans will once again get to work "making things, growing things, and rebuilding things" If the financial system completes its self-destruction -- and that's looking more and more like a real possi...

Original story at Boing Boing .

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E.U. commits $2.4 trillion and says ball is now in your court, U.S.

13 Oct 2008 10:09:00 PDT

Written by Joseph Lazzaro
Meanwhile, currency traders interpreted Europe's move as a step toward financial system stabilization, a universally-welcomed step, said Currency Trader Andrew Resnick. Wang reiterated the need for the United States to "fulfill its obligations as part of this recovery process."

Original story at BloggingStocks .

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Local charity fights terror allegation; KindHearts seeks day in court

10 Oct 2008 03:49:39 PDT

But despite having what organization leaders and attorneys bill as strictly humanitarian goals, the Toledo-based Muslim charity has been labeled by the U.S. government as a possible supporter of terrorist groups, has had its assets frozen, and, in effect, has been shut down. Yesterday,...

Original story at Toledo Blade .

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Opinion: Michael Moore Says He's Lawyered Up

18 May 2007 12:31:00 PDT

Written by Christopher Campbell
Filed under: Documentary, Independent, Cannes, Celebrities and Controversy, The Weinstein Co., Movie Marketing, Politics, Michael MooreThis weekend marks the world premiere of Michael Moore's SiCKO at the Cannes Film Festival, and while we wait for the feedback -- including a Cine...

Original story at Cinematical .

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Podcast: Tax Disconnect

11 May 2007 09:23:58 PDT

Written by Jeremy 'Panda Man' Weidenhof
Typically, no one in media notices the disconnect when “Bush’s tax cuts” get blamed for loss of revenue in a story about record-high revenue to the U.S. Treasury. More conservative readers probably realize that reducing steep tax burdens spurs economic activity, since folks can simply ke...

Original story at Lone Star Times .

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