- TARP Panel Finds Fault With GMAC Bailouts
- Citicorp eyes $20bn profit
- Geithner warns of rift on EU regulation
- Mexico’s Slim becomes ‘world’s richest’ person
- Forbes: The World’s Billionaires
- Court finds former partner of Cazenove guilty on five counts of insider dealing
- Nomura Departures Rise as Former Lehman Bankers Leave Read the rest of this entry »
Tags: Bailouts, Bill Gates, Billionaires, Carlos Slim Helu, Cazenove, Citigroup, GMAC, Insider Trading, Lehman Brothers, Nomura, Revolving Door, TARP, U.S.. Treasury, UK, Vikram Pandit; Tim Geithner, Warren Buffett, Wealth
Oh to have been a fly on the wall at this meeting: Apparently frustrated over resistance to the Obama administration’s plans to revamp financial regulations, Treasury Secretary Tim Geithner treated an all-star cast of regulators attending a Treasury Department meeting last Friday to an expletive deleted laced rant according to the Wall Street Journal. It’s not exactly clear what naughty words the potty mouthed Geithner spewed at the meeting, but they were apparently plentiful — although supposedly not pointed at anyone specific (uh huh) – that included Ben Bernanke, Sheila Bair, Mary Schapiro and Gary Gensler among others. 
It’s official — break out the bubbly! 10 firms have been approved to give back the toxic TARP funds. The Treasury issued a statement (below) but didn’t name the firms. Per Bloomberg: 
So much for trying to sell his house: Tim Geithner has been forced to rent his Larchmont home after it didn’t sell. He purchased the house for $1.602 million in 2004 and originally had it on the market for $1.635 million. When it didn’t sell at that price, the ask was dropped to $1.575 million. Still no takers. So he’s rented it for $7,500 a month.
