DealBook: Treasury to Sell Last of Citi Stake
Monday, December 6th, 2010The sale of 2.4 billion shares of Citigroup was encouraged by the success of the General Motors I.P.O.
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DealBook: Treasury to Sell Last of Citi Stake
The sale of 2.4 billion shares of Citigroup was encouraged by the success of the General Motors I.P.O.
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DealBook: Treasury to Sell Last of Citi Stake
Facing a hyperpartisan environment, the central bank is trying to defend its policy moves without becoming overtly political, and is adopting insider strategies to do so.
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Fed Adopts Political Tactics on Critics
The Obama administration and Congressional Democrats are struggling for a strategy to deal with the soon-to-expire Bush-era tax cuts.
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Democrats Divided on Tax Cut Strategy
In the face of objections from other countries, the Fed chief said a global recovery depended on the U.S. economy.
The Obama administration distanced itself from day-to-day management of G.M. but played an important role in decisions on leadership and strategy.
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In G.M.’s Comeback, a Major Role for Washington
The government’s stake will reportedly be trimmed to less than 50 percent in a $10.6 billion initial public offering.
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G.M. Said to Plan Cut in U.S. Stake by a Third
The New York Philharmonic is growing frustrated as it awaits word on permission from Washington to travel.

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Philharmonic Renews Effort on Cuba
Investors are betting that inflation will rise to a level that more than compensates for the premium they paid initially for five-year Treasuries.

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Inflation Bonds Are Sold With Negative Yield for First Time
The Treasury Department expects to lose $29 billion on the federal bailouts stemming from the financial crisis, with most of the losses in its housing finance program and the auto rescue.

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Bailout Loss Estimated at $29 Billion
The official managing A.I.G.’s bailout bets that investors will finally pack into the stock once they understand the government’s plan to exit its investment over time.

Could TARP, the $700 billion “bank bailout” that epitomizes the invasive big government ideology that gave the rise to the Tea Party, actually be a good investment? After the Treasury Department announced a deal with insurance giant AIG today that…
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Bank Bailout to Cost Less than Feared
The reviled mother of all government bailouts — the $700 billion lifeline to banks, insurance and auto companies — will expire at a fraction of that cost and could conceivably earn taxpayers a profit.

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TARP Bailout to Cost Less Than Once Anticipated
The New York Fed would be repaid and the Treasury Department would convert $49.1 billion of preferred stock into 1.66 billion common shares, A.I.G. said.

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A.I.G. and U.S. Government Agree on Exit Plan
The Obama administration wants to quickly untangle itself from AIG and is working toward releasing a plan to do so by next week-just ahead of the midterm elections. Under the plan, the Treasury Department would convert its shares in the insurance giant…
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U.S. Wants to Cut Ties with AIG
The White House is said to be planning to announce next week that it intends to convert the government’s stake in A.I.G. into stock and then sell it to private investors.

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U.S. Is Said to Seek Way to Sever Ties With A.I.G.