More than four years after the financial crisis, one of the top figures behind the Bush administrationâs sweeping rescue plan is considering a return to government service. Running for office in California.
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President Barack Obama is considering two women for senior economic positions, with Ruth Porat, chief financial officer at Morgan Stanley (MS), a leading candidate for deputy Treasury secretary and Wal-Mart Foundation President Sylvia Mathews Burwell a top contender for budget director, according to people familiar with the matter
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“…It can now be reported that the International Monetary Fund (IMF), the U.S. Treasury and the U.S. State Department (absent the current U.S. Secretary of State) have come to an agreement on the final implementation of the Wanta-Reagan-Mitterrand Protocols aka a bilateral agreement on taxation that was directly ordered by the U.S. Supreme Court today, 10-31-12…”
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White House officials have approached American Express Co. Chief Executive Officer Kenneth Chenault about joining President Barack Obama’s second-term administration, possibly as Treasury secretary, according to two people familiar with the matter.
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The Cayman Islands and Channel Islands will be among those ordered to reveal names behind hidden accounts. (Of course they will set up shop elsewhere)
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The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year–which means before the new Congress is seated–and that “extraordinary measures” will be needed before then to keep the government fully funded into the early part of 2013.
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There are rumblings on Wall Street that Citigroup may have pushed Vikram Pandit out of its C-Suite last week in part to make room for one of the biggest names of all: Tim Geithner.
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A judge in Argentina has ordered the arrest of Credit Suisse executive and former U.S. Treasury Undersecretary David Mulford because he failed to testify over a 2001 Argentine debt swap, the state news agency reported on Monday.
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“….Just to add some sort of credibility to our work we did expose the fraudulent ways of one such boiler room carried out by one of their administrators called Ms Andrea Davison…”
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The Treasury Department says in a new report the government expects to lose more than billion on the billion auto bailout.
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