Subscribe to Dollars & Sense magazine. Recent articles related to the financial crisis. This Just In....For what it's worth...From Reuters:Geithner wins OK for Treasury, vows quick action Mon Jan 26, 2009 9:07pm EST By David Lawder and Glenn Somerville WASHINGTON (Reuters) Timothy Geithner won confirmation as U.S. Treasury secretary on Monday and vowed to act quickly to protect the U.S. economy from the worst financial crisis since the Great Depression. "We are at a moment of maximum challenge for our economy and our country," Geithner said as he was sworn into office shortly after the Senate approved him on a 60-34 vote. Faced with a full-blown crisis, senators largely set aside misgivings about Geithner's failure to pay some taxes earlier this decade in light of his experience in battling the financial storm as head of the New York Federal Reserve Bank, a post he relinquished on Monday. Read the rest of the article Labels: bailout, financial crisis, Timothy Geither, Treasury Department Please consider donating to Dollars & Sense and/or subscribing to the magazine (both print and e-subscriptions now available!). |
