World News Insights
1-3 Minute Gist

All Topics Article

The Great Consolidation

New York Times Original article ›

Keywords:

LyrArc Article Gist
Ros Douthat sees the crisis only putting things more in the hands of the same elites that got us into the mess in the first place. The mess with an out of control financial sector which began under Treasury Secretary Rubin, is now being handled by his proteges Summers and Geithner. The lack of any new solutions and the continuation of the "too big to fail" era, says Douthat.

A Citigroup restructuring plan, and bank restructuring plans that were never developed by Treasury Secretary Geithner for President Obama

01/02/2009

Ron Suskind documents the making of key economic decisions in the Obama White House from 700 hours of interviews in his new book released in Sept 2011: "Confidence Men: the Obama White House, Wall Street and the Education of a President." In the book he says Obama asked Geithner to develop a plan for restructuring Citigroup after the bailout of Citi. A month later he followed up in a meeting, and was told by Romer at a meeting Geithner did not atttend, that no plan had been developed. The President's response was "it better be." Geithner says he was asked to do so but "fortunately there was never a need to put them in place."

Grouped Articles

The Great Consolidation

New York Times 05/16/2010

A Conflict in Geithner's New Job- Not Exactly

New York Times 11/18/2013

Charlie Rose Talks to Robert Reich

BusinessWeek 10/21/2010

A Stress Test for the Latest Bailout Plan

New York Times 02/14/2009

Citigroup Hits 'Penny Stock' Realm

Wall Street Journal 03/06/2009

Obama, Geithner Get Low Grades From Economists

Wall Street Journal 03/11/2009

Geithner and Summers contrasts in style as both contend for Treasury Secretary.

05/30/2008

Geithners is softspoken but has diverse set of experiences and broad background, and has a prepared format of good questions which he uses to good effect and listens to get informed. One is what should one think about this issue? What do smart people think?

Grouped Articles

The Great Consolidation

New York Times 05/16/2010

Letters Show Little-Known Side of Summers

Wall Street Journal 09/13/2013

The Fall of Summers

Wall Street Journal 09/15/2013

Charlie Rose Talks to Timothy Geithner

BusinessWeek 07/22/2010

Financial Industry Paid Millions to Obama Aide

New York Times 04/04/2009

Book Review: 'Stress Test' by Timothy F. Geithner

Wall Street Journal 05/12/2014

Larry Summers, former Treasury Secretary

01/02/2009

Grouped Articles

Moving forward after the debt deal - The Washington Post

Washington Post 08/02/2011

The Great Consolidation

New York Times 05/16/2010

Fed's Yellen, Husband Worth Up to $13.2 Million in 2012

Wall Street Journal 08/28/2013

Letters Show Little-Known Side of Summers

Wall Street Journal 09/13/2013

Summers Withdraws Name for Fed Chairmanship

Wall Street Journal 09/16/2013

The Fall of Summers

Wall Street Journal 09/15/2013

Summers and "contamination", spending so much time with hedge funds that you think like them.

01/02/2009

Summers worked for D.E. Shaw, a large fund, in 2008. He was managing director and was paid $5.1 million for one day aweek at that fund.

Grouped Articles

The Great Consolidation

New York Times 05/16/2010

Fed's Yellen, Husband Worth Up to $13.2 Million in 2012

Wall Street Journal 08/28/2013

Hedge Funders Are All a Little Nuts

Wall Street Journal 08/27/2013

Letters Show Little-Known Side of Summers

Wall Street Journal 09/13/2013

Summers Withdraws Name for Fed Chairmanship

Wall Street Journal 09/16/2013

The Fall of Summers

Wall Street Journal 09/15/2013


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us