Former United States Treasury Secretary Timothy Geithner made an appearance on MSNBC’s "Morning Joe" on Wednesday to discuss the economic crisis and the Great Recession that transpired during his time in the Obama administration. Geithner, who is now the president of private equity … [Read more...]
Senate Considers Extending Deposit Insurance Program (TAG)
During the eye of the Great Recession, it appeared that everything was headed for disaster. Banks were failing, credit was frozen, markets were falling off a cliff, etc. Congress took the opportunity to extend deposit insurance to over $250,000 limit in an effort to prevent bank … [Read more...]
Government Reports Indicate Rebounding Economy
The Federal Reserve announced Friday August consumer borrowing increased $18.1 billion over July, its highest amount in three months. The figure rebounded from July’s $2.5 billion borrowing drop—the first in almost a year. Not only did borrowing gain in areas of auto loans, credit … [Read more...]
