TIMES OF THE TIMES
Former New York Times banking reporter Eric Dash has taken a job in the U.S. Department of the Treasury’s communications department.
A tipster forwarded us this message, posted to his Facebook account:
“Some of you have asked me about my next move. I’m excited to report that I’ve joined the Treasury Department as a Senior Advisor for Policy and Communications. In this new role, I will be working with the public affairs team to help drive the Treasury’s ongoing efforts to provide fact-based, data-driven content on the Administration’s economic policies. I’ve always been interested in public service and can’t think of a more relevant and interesting job at such a critical time for our country.”
This just in from iron-stomached Associated Press reporter Martin Crutsinger:
Treasury Secretary Timothy Geithner has been admitted to a hospital where he will undergo minor surgery to deal with a kidney stone.
Treasury spokesman Steve Adamske said Geithner began experiencing severe pain from a kidney stone during the night and was admitted to George Read More
The U.S. government and hobbled insurer AIG have taken another step toward parting ways. The Treasury announced last night that following a transaction expected to complete on March 15 of next year, AIG will have paid back in full its debt to the New York Federal Reserve and Treasury’s preferred AIG stake will be Read More
The Treasury department announced last night that it has offloaded its remaining stake in humbled megabank Citigroup, freeing the troubled firm and the troubled taxpayer from one another’s grasp.
In fulfillment of a previously announced plan to sell off 2.4 billion Citi shares, the government said it raised $10.5 billion on the sale. Read More
Treasury Secretary Tim Geithner started a blog today, and that was inspiring enough already, but when The Observer discovered Mr. Geithner’s Treasury Department Flickr feed, we were nearly beside ourselves. For the first time, readers were invited on a virtual trip alongside Mr. Geithner through different Asian cities! Come join us in experiencing Read More
For anyone who has ever felt like the U.S. Department of the Treasury is a tad inaccessible, we’re happy to report some heartening news. Treasury Secretary Tim Geithner has started a blog, called “Treasury Notes,” on the U.S. Treasury website. There’s even a cute photo up top of Mr. Geithner writing a little note Read More
This Old House
The Treasury Department believes that the so-called putbacks of bad mortages to financial institutions do not pose a systemic risk, Reuters reports.
Speaking before the Congressional Oversight Panel Treasury Homeowner Preservation Office head Phyllis Caldwell said that home prices may decline and the housing market may be clogged with homes that are tied up Read More
The U.S. Department of the Treasury, clearly not a long-term “buy and hold” investor of the Warren Buffett stripe, announced today that it plans to sell 1.5 billion shares of Citigroup, reducing what had at one point been a 7.7 billion-share, $45 billion stake in the company.
So far, taxpayers have gotten back $41.6 Read More
AIA, the Asia life-insurance unit of AIG, has pointed out a few potential downside to its business as it gets ready to raise an estimated $15 billion in an initial public offering on the Hong Kong exchange.
The AIG subsidiary said that its failure to reach a deal with insurance firm Prudential to sell the Read More