Financial Regulatory Forum

from MacroScope:

Spitzer: NY Fed “an absolute sinkhole”

April 14, 2010

To say former New York Governor Eliot Spitzer is no fan of the Federal Reserve Bank of New York would be an understatement.

US’ Geithner says bank fee can recoup AIG bonuses

By Reuters Staff
February 3, 2010

By David Lawder

WASHINGTON, Feb 3 (Reuters) – U.S. Treasury Secretary Timothy Geithner on Wednesday said insurer AIG’s contracts to pay hundreds of millions of dollars in bonuses were “outrageous” and appealed to Congress to help recoup the payments.

U.S. lawmakers turn up heat on Geithner over AIG

By Reuters Staff
January 27, 2010

By Glenn Somerville and David Lawder

WASHINGTON, Jan 27 (Reuters) – U.S. lawmakers turned up the heat on U.S. Treasury Secretary Timothy Geithner over his role in the bailout of insurer AIG, challenging his claim he did not influence a decision to keep quiet AIG payments to big banks.

US’ Geithner, NY Fed defend actions on AIG payments

By Reuters Staff
January 27, 2010

By David Lawder and Glenn Somerville

WASHINGTON, Jan 26 (Reuters) – U.S. Treasury Secretary Timothy Geithner denied any role in disclosures about American International Group’s payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.

FACTBOX-One year on, US’s Geithner faces big challenges

By Reuters Staff
January 26, 2010

WASHINGTON, Jan 26 (Reuters) – U.S. Treasury Secretary Timothy Geithner is in the eye of a political storm as he tries to deflect congressional inquiry into his role in bailing out insurer AIG and battle a perception that his influence is diminishing.

Bernanke seeks government audit of Fed’s AIG bailout

By Reuters Staff
January 19, 2010

WASHINGTON, Jan 19 (Reuters) – U.S. Federal Reserve chairman Ben Bernanke on Tuesday asked a government auditor to review the Fed’s actions in bailing out American International Group Inc in 2008, as controversy persisted over the central bank’s role in extending billions in credit to the insurer.

U.S. lawmakers force issue on Fed role in AIG bailout

By Reuters Staff
January 12, 2010

By Glenn Somerville

WASHINGTON, Jan 12 (Reuters) – U.S. lawmakers moved on Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current Treasury Secretary Geithner led the New York Fed.

U.S. lawmakers press for Geithner testimony on AIG payment information

By Reuters Staff
January 8, 2010

By David Lawder

WASHINGTON, Jan 8 (Reuters) – U.S. lamakers on Friday pressed for Treasury Secretary Timothy Geithner to testify on whether the New York Federal Reserve Bank improperly pressured AIG to withhold information on payments it made to banks after its government bailout.

BREAKINGVIEWS-Advice to credit-default-swap regulators for 2010

By Reuters Staff
January 4, 2010

– The author is a Reuters Breakingviews columnist. The opinions expressed are his own –

U.S. pay czar vows to rework 2010 AIG bonuses

By Reuters Staff
October 28, 2009

Kenneth Feinberg, special master for executive compensation under the Troubled Asset Relief Program at the Treasury Department, testifies  before the House Oversight and Government Reform committee during a hearing on ?Executive Compensation: How Much is Too Much?? on Capitol Hill in Washington October 28, 2009. The Obama administration's pay czar said on Wednesday that renegotiating guaranteed bonus contracts at American International Group's AIG Financial Products unit was a top priority for him in 2010.   REUTERS/Yuri Gripas (UNITED STATES POLITICS BUSINESS)   By David Lawder
WASHINGTON, Oct 28 (Reuters) – Renegotiating bonuses to American International Group employees is a “top priority,” the Obama administration’s pay czar said on Wednesday, adding he believes he can do so without losing key employees.