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Category Archive: Timothy Geithner

  1. Regulatory Reform Shouldn’t Rely On The Fed

    I am still shak­ing my head in amaze­ment at Alan Greenspan’s edi­to­r­ial in last Wednesday’s Wall Street Jour­nal titled The Fed Didn’t Cause the Hous­ing Bub­ble.  In the arti­cle Greenspan explained why the hous­ing bub­ble wasn’t the Fed’s fault (and since he was Chair­man of the Fed, by impli­ca­tion it wasn’t his fault either).  While […] [read full story]

    Posted in: Alan Greenspan, BANKS, Bernanke, Credit Crisis, economy, Federal Reserve, Finance, monetary policy, Politics, Public Policy, Regulatory Reform, Timothy Geithner
  2. Tangible Common Equity – How Much Is Enough?

    Sud­denly, every­one is inter­ested in the amount of tan­gi­ble com­mon equity (“TCE”) invested in banks. Oddly, no one seems to know how much TCE is enough despite TCE being the pri­mary and most impor­tant ele­ment in deter­min­ing the ade­quacy of bank cap­i­tal­iza­tion. Of course, his­tory pro­vides a guide to what is enough TCE and right […] [read full story]

    Posted in: BANKS, Credit Crisis, economy, Finance, Obama, Politics, Public Policy, REGULATION, Regulatory Reform, Timothy Geithner, Treasury
  3. If They Weren’t Stress Testing Banks What Were They Doing All These Years?

    It is amaz­ing that Geithner’s pro­posal to “stress test” banks is mak­ing news as new pol­icy. After all, reg­u­la­tors were sup­posed to be doing this all along. After the last bank­ing cri­sis in the 1980s bank­ing reg­u­la­tors got the author­ity to antic­i­pate cap­i­tal short­falls as well as oper­a­tional defi­cien­cies. When prob­lems are iden­ti­fied reg­u­la­tors are […] [read full story]

    Posted in: BANKS, economy, FDIC, Finance, Obama, Public Policy, REGULATION, Regulatory Reform, Timothy Geithner, Treasury
  4. TARP 1.0 Didn’t Get Lending Going and TARP 2.0 Won’t Be Much Better" rel="bookmark">TARP 1.0 Didn’t Get Lending Going and TARP 2.0 Won’t Be Much Better

    TARP 1.0 didn’t get lend­ing going and TARP 2.0 won’t be much bet­ter. The prob­lem is that TARP 2.0 con­tin­ues to focus on banks as the pri­mary lend­ing insti­tu­tions despite the fact that banks aren’t the pri­mary source of non-real estate credit for con­sumers or busi­nesses. Most non-real estate lend­ing takes place through the “shadow […] [read full story]

    Posted in: BANKS, Bond Insurance, Community Development Financial Institutions Fund, Credit Crisis, economy, Finance, Fiscal Policy, Mutual Funds, Obama, Paulson, Politics, Public Policy, SBA, Timothy Geithner
  5. Be Careful What You Wish For –Chinese Currency Revaluation May Hurt America

    There is mount­ing evi­dence that a freely float­ing Chi­nese cur­rency will actu­ally drop in value and make Chi­nese exports cheaper. In his con­fir­ma­tion hear­ings, Tim Gei­th­ner espoused the U.S. “Con­ven­tional Wis­dom” that China is an unfair trade com­peti­tor because it manip­u­lates its cur­rency down in value so that its exports are arti­fi­cially cheap. The Con­ven­tional […] [read full story]

    Posted in: Asia, China, economy, Finance, Manufacturing, Politics, Public Policy, Timothy Geithner, Trade