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Timothy Geithner

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Top Timothy Geithner Articles see all

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  • Suit asks why U.S. bailout of AIG wasn't more generous

    The trial pitting a fallen financial titan against an array of former high government luminaries provides a through-the-looking-glass view of the financial credit crisis of 2008 — a view that only makes sense on Wall Street.
  • AIG bailout was designed to punish insurance giant, Paulson testifies

    The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry M. Paulson said in U.S. court Monday. The $85-billion loan package extended to AIG — then...

    Ex-Treasury Secretary Paulson says AIG bailout was punitive

    Ex-Treasury Secretary Paulson says AIG bailout was punitive
    WASHINGTON (Reuters) - Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis....

    The Week Ahead: Washington to revisit the recession

    Investors are right to focus on what's to come for markets such as the beginning of third quarter earnings season. However, in the week ahead, a Washington, D.C. courtroom revisits the extraordinary and never before taken actions by the U.S. government...

    Six years after AIG bailout, trial asks: was it legal?

    WASHINGTON (Reuters) - One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal. In...