Entries tagged "Larry Summers"

The return of the Tobin tax?

The chatter about the Tobin tax, a 38-year-old proposition, has reached a crescendo again after being dismissed in the 1980s and 1990s as being quaint.

Tim Geithner's conflict

Treasury Secretary Tim Geithner has plenty of conflicts for pundits to contemplate, but the thorniest may be choosing between his two mentors.

Is Bernanke on the outs with Obama?

Speculation about Obama tapping Larry Summers as Ben Bernanke's replacement as Fed Reserve chairman starts making the rounds six months before his term expires.

The underlying politics of regulatory reform

Washington ignoring the pleas of former Fed chief Paul Volcker is simply going through a charade of financial regulatory changes to satisfy the public.

The babble over regulatory reform, cont'd

Treasury's much-mooted financial regulatory reform proposals is the latest Obama policy to be leaked, briefed, previewed in speeches and summarized in op-eds.

The weird science of stress test punditry

As the clock ticks to Thursday's pending release of bank stress test results, the commentary, laid down under a withering fire of projections and speculation, continues.

Stiglitz calls out Obama's Wall Street ties

Nobel winning economist Joseph Stiglitz in a Bloomberg interview worries that too many Obama advisers are in the pocket of Wall Street.

Why Summers isn't Treasury secretary

A dispute between Obama advisers Larry Summers and Paul Volcker illustrates why the president opted for Summers' protege Tim Geithner.

Geithner, Clinton dueling over China policy?

TNR's Scheiber again burrows into the bureaucratic machinations of the Treasury Department, concluding Geithner's biggest White House rival won't be Larry Summers but Hillary Clinton.

What do Geithner and Summers have to do with Citi's woes?

Days after President-elect Barack Obama announced his selection of Federal Reserve Bank of New York President Timothy Geithner as treasury secretary, a debate flared up about his readiness to oversee the Troubled Asset Relief Plan. Since then, a veritable chorus of detractors have begun to question Geithner's viability as a potential member of the Obama Cabinet. Some include economist and comedian Ben Stein and Edward Hellmore of British newspaper The Guardian, who both attempt to link Geithner to the failures of Citigroup Inc. by way of Robert Rubin. ...

Roll Call: Nov. 25, 2008

While the New York Post and others blame Wall Street executives for the credit crisis, Scientific America and rival Discover both blame the rocket scientists that Wall Street employed, who created the exotic financial instruments, notes ClusterStock. Meanwhile, Charles Calomiris, the Henry Kaufman professor of Financial Institutions at Columbia University's business school, is angry at Hank Paulson, telling Deal Journal that the bailout plan to save the economy is "Truly idiotic." The man that President-elect Barack Obama will rely on to pick up where Paulson left off, treasury secretary nominee Tim Geithner, received some drubbings already over his role so...

Should Wall Street fear change from an Obama administration?

President-elect Barack Obama is surrounded by folks who have spent time in and around Wall Street. In addition to Rep. Rahm Emanuel, Robert Rubin and Paul Volcker, DealBook notes Robert Wolf, the chief executive of UBS Americas; Timothy C. Collins, head of buyout firm Ripplewood Holdings; and Mark Gallogly, managing partner of private equity firm Centerbridge Partners. Meanwhile, DealZone notes three of Citigroup Inc.'s 15 directors -- Time Warner Inc. chairman Richard Parsons, Xerox Corp. CEO Anne Mulcahy and former Treasury Secretary Rubin -- are also members of Obama's transition economic advisory board. With all this Wall Street firepower,...

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