Tag Archives: Geithner

Laying the Groundwork for VAT?

Earlier this summer, a friend who keeps his ear to the ground on these things told me he’d heard that Treasury Secretary Tim Geithner, during his trip to China, told Chinese officials concerned about rising US deficits that the Administration is gearing up to propose a value-added tax targeted specifically to debt reduction following the […]

Obama/Geithner Win With Investors

Team Obama hit a much-needed home run today with its plan for Public-Private Investment Partnerships to buy up troubled bank loans and inject liquidity into the securitization market. As of this moment, the Dow is up about 5.5%, and most of the talking heads on TV seem to be (a) breathing more comfortably and (b) […]

Tuesday Hat Trick

Treasury Secretary Tim Geithner is on the “inherited” beat today, as he testifies before the House Ways and Means Committee. Geithner’s an interesting case because, on the one hand, he wasn’t in Washington as recent spending was turning into deficits; on the other hand, he was an architect of the TARP program that made a substantial contribution […]