In 2008, he was confirmed as assistant secretary of the Treasury, where he oversaw the Trouble Assets Relief Program (TARP), the bailout of the banking industry during the 2008 financial crisis. He was dubbed the "$700 billion man," and was skewered by Congress during public testimonies whe...
Head of Special Operations under Admiral Kelso of NATO. Col. Griggs, a Princeton graduate (class of 1959), and graduate of the NATO Defense College in Rome, was a spy and Special Ops assassin from the period of the Vietnam War onward. Based on innumerable revelations...
Former President Joe Biden nominated Janet Yellen as the 78th head of the U.S. Treasury, and she was confirmed by the Senate asTreasury Secretaryon Jan. 26, 2021. “She has spent her career focused on unemployment and the dignity of work,” Biden said, “She understands what it means t...
In her recent trip to China, U.S. Treasury Secretary Janet Yellen repeatedly blasted Beijing's industrial "overcapacity" for threatening the global economy. But her accusation deliberately ignored the most basic laws of market economy: On the supply side, it is innovation, cost-efficient manufactur...
Financial Crisis of 2008TARPFinancial reglatory reformThe Troubled Asset Relief Program (TARP) was created to respond to a financial panic. Some might say that it was created in panic. Congress appropriated a huge sum of money, gave the Secretary of the U.S. Department of the Treasury (...
A former treasury secretary has warned that Trump's tariffs could spike inflation in the country by as much as 1%; Analysts warned the trade war could see US consumers paying more for petrol; Trump said he would "absolutely" target the EU with duties in the coming days and weeks; ...
Al Gore was the 45th vice president of the United States, being twice elected alongside Bill Clinton in 1992 and 1996. Do presidents get paid for life? The Secretary of the Treasury pays a taxable pension to the president. Former presidents receive a pension equal to the salary of a Cabine...
Lawrence Summers (the former US Treasury secretary who experienced the transformation variously as academic, politician, university administrator and would-be central banker) described it thus:“In the last 30 years the field of investment banking had been transformed from a field that was dominated ...
Scott Bessent, Donald Trump's pick for Treasury Secretary, was an economic advisor during his campaign and championed an agenda of tariffs, lower taxes, and deregulation. Bessent is a hedge fund manager who previously worked for liberal billionaire George Soros. ...
Throw out Mitt Romney’s win in 2012, and the presidential candidate who bags Kent County has bagged Michigan’s electoral votes in each contest since 2008. In Grand Rapids, there were times when hers sounded like a throwback speech, one that could've predated the Trump era. She was...