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Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis

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Einsinger points out that Treasury Geithner's performance reflects the mindset of U.S. president Obama, reflected also in Obama's other appointments in his administration which favored one group over another. Change that Obama talked about in the 2008 election campaign that propelled his candidacy, turned out to be more at the margins than change and action that reflected a vision of the priorities for America's middle class and vast majority of average Americans. By leaving homeowners to a wave of foreclosures, the administration weakened a middle class at the lower end already hit by the lower wages from globalization in manufacturing, other changes in the global economy, high levels of student debt of over $1 trillion, and the lasting damage to unemployment from the global financial crisis.

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."

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Interview with Al Hunt of Bloomberg. His views and reflections on the crisis and proposals.

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Charlie Rose Talks to Timothy Geithner

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

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The Geithner Plan and the views of people like Krugman in the NYT, and Peter Eavis of the WSJ Heard on the Street column who doubt this will work and outline their reasons. If so it will be a costly error as job losses continue to worsen the situation each month that passes without a solution that works.

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A Conflict in Geithner's New Job- Not Exactly

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Obama, Geithner Get Low Grades From Economists

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

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The Case Against the Bernanke-Obama Financial Rescue

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Geithner, Staying on Script

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Bankrupt Housing Policy

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Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis

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Cass Sunstein, Obama administration regulatory head in 2009

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U.S. president Obama's advisor Dan Pfeiffer

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Wealth gap in the U.S. between whites and minorities- devastating impact of the recession of 2008

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Hispanics and blacks counted housing equity as a much bigger part of their assets than whites. The recession and financial crisis of 2008 wiped out fully two thirds of the median net worth of Hispanic families and one half for Black families, with both groups having close to $6000 in total median net worth in 2010, according to data from Pew surveys.The recession has proved to be severe in its impact on minorities, and the election of a black president has done little to improve things- especially considering the dismal record of the Obama administration in helping prevent foreclosures.

Grouped Articles

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Economic Recovery Yields Few Benefits for the Voters Democrats Rely On

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Geithner Book Reveals Consensus, Not VIsion, During Financial Crisis

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Opinion | The Cost of Barack Obama’s Speech

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