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Well, maybe we now know why Tim Geithner has been so insistent on getting a debt deal done by August 2 (outside of default and ensuing financial calamity, that is).
The following tweet just came from @BloombergNews
There obviously is a lot of wiggle room in those 61 characters, but let the guessing game begin on his successor. Wouldn't be surprised to see Obama's nominee come from the private sector. Altman? Dimon? MOREDan Primack - Jun 30, 2011 3:48 PM ET
Even if there is no Treasury bond default, the debate is already hurting corporate America, threatening to erase the progress of the past two years.
By Brendan Coffey, contributor
FORTUNE -- Come August 2, the U.S. government will be unable to pay its bond obligations. This simple fact has generated various reactions, from the view that defaulting is a necessary, if bitter, pill to get the country on the right fiscal path, MOREJun 30, 2011 11:16 AM ET
Until last week, Neil Barofsky was the special investigator of the TARP program, where he says his main job duty was blunting the effects of the Treasury's bad decisions.
FORTUNE -- Neil Barofsky has been chasing bad guys for much of his professional career. Whether it was as an assistant US Attorney in the Southern District of New York or in his most recent gig as the man trying to make MOREDuff McDonald, Contributing Editor - Apr 5, 2011 9:40 AM ET
Charles Ferguson elaborates on his famous Oscar speech.
by Adam Lashinsky, senior editor-at-large
Inside Job, which recently won the Academy Aware for best documentary film of 2010, continues to be a conversation starter. Paul Krugman titled his latest column in The New York Times, "Another Inside Job." Time Magazine's Joe Klein evokes director Charles Ferguson's now-famous acceptance speech at the Oscars in which the filmmaker lamented that so far no one MOREMar 15, 2011 4:15 PM ET
The Great White North shakes off its historical politesse and starts kicking ass, financial-style. Will the rest of the world listen?
What's up with Canada? They're strutting all over the global stage these days. Finance minister Jim Flaherty has telegraphed to this week's G20 meeting that he thinks the rest of the Western world should get its act together and finish the package of global financial reforms laid out in Toronto MOREDuff McDonald, Contributing Editor - Nov 9, 2010 12:53 PM ET
Speaking to Sequoia Capital's Michael Moritz in Silicon Valley on Monday, Treasury Secretary Tim Geithner was articulate, even warm, obviously intelligent and quick on his feet. But he didn't stray far from his script.
When Moritz asked Geithner to address the perception that the administration is anti-business, Geithner was ready. "I'm aware of that perception," he said, identifying the vilifying rhetoric in Washington, D.C., as one explanation MOREOct 18, 2010 9:42 PM ET
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