- Geithner to Testify Jan. 27 About AIG E-Mail Exchange
- U.S. financial crisis panel to call Greenspan, Cox
- Citigroup plans to cap cash bonuses
- JPMorgan fourth-quarter profits soar
- FDIC blames Federal Reserve for severity of financial crisis
- Bankers’ fury at levy on US subsidiaries
- Dodd Said to Weigh Dropping Consumer Agency From Overhaul Plan Read the rest of this entry »
Tags: AIG, Alan Greenspan, Barack Obama, Bonuses, Chris Cox, Compensation, FDIC, Intel, JP Morgan, Politics, retailers, SEC, Sheila Bair, Taxes, Tim Geithner, U.S.. Treasury
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. 
Is Vikram Pandit closer to getting the boot? According to the WSJ, the FDIC is pushing for yet another Citigroup top management shake-up, “imperiling” CEO Vikram Pandit according to their report. There’s apparently no love lost between Pandit and Sheila Bair, dating back to last fall when Bair endorsed the Wells Fargo higher bid for Wachovia after Citigroup had agreed to take over the firm in a government arranged hookup. That led to late night conference call where Pandit is said to have waged an expletive deleted filled tirade against Bair. We wonder what Pandit might be saying about his nemesis this morning. (We can guess, and it’s probably not pretty.)
