Nation Topics - Economic Policy
News and Features
Treasury Secretary Timothy Geithner was summoned to testify before the House yesterday to answer two questions: why did he sign off on AIG paying full value on insurance for bad assets, and what was his role in the decision not to disclose that?
The first casualty of the president's political debacle will likely be Timothy Geithner, the severely over-confident treasury secretary well-known as a lapdog of Wall Street.
On the FCIC's second day of hearings, witnesses examined how Wall Street incentivized and why the Federal Reserve didn't stop subprime lending.
The federal inquiry hearings inevitably leads to the question: why aren't any these big players already in jail? And no, Bernie Madoff doesn't count.
Day 1 of the Financial Crisis Inquiry Commission didn't find any good answers to the causes of the financial crisis--but don't give up on the commission yet.
Katrina vanden Heuvel wonders if we can radically rethink our economic system.
The Financial Crisis Inquiry Commission sent a strong message by putting Wall Street titans under oath, but answers about the financial crisis proved evasive.
Chris Hayes argues that the US budget deficit can be resolved--even in the short term.
Taxpayers are getting a raw deal in Citigroup's plan to repay its bailout funds. But you would never know it from reading the news.
Representative Marcy Kaptur, a longstanding advocate for foreclosure relief, talks to The Nation about prospects for sweeping financial reform.
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