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Treasury to Begin Selling Remaining 241 Million Shares in GM
The Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector, the department said on Monday.
Tag: Treasury
Iran’s Charity Loophole
House Dems push for Iran sanctions exemptions
A delegation of House Democrats is urging President Barack Obama’s administration to extend an exemption on Iran sanctions—a move that could allow certain groups linked to terrorism to benefit from American philanthropic donations, experts say.
The Fannie and Freddie Fee Machine
Federal government now collecting Fannie and Freddie profits
In order to wind down mortgage-backing giants Fannie Mae and Freddie Mac, the government is now collecting all profits generated by the companies—a move some think may backfire by providing the federal government a new source of revenue that Congress will be hard-pressed to let go.
Terror Twitter
FBI fails to order removal of terrorist, Jihadist Twitter accounts, lawmakers claim
A group of lawmakers has asked the Federal Bureau of Investigation (FBI) to order Twitter to remove the accounts of multiple U.S.-designated terrorist groups from the micro-blogging site and warned that Twitter’s failure to do so could be a violation of U.S. law.
Obama Admin Avoiding GM Losses
WSJ: Campaign scared of multi-billion dollar bailout hit
The Obama administration has rebuked pleas from General Motors to sell off government shares to the automaker.
The Green Tape Letters
Obama Energy official coordinated message with Center for American Progress, emails show
An Obama administration official actively collaborated with a prominent left-wing think tank in 2011 to advance the president’s green energy agenda, in possible violation of federal law, emails obtained by the Washington Free Beacon show.
The Cairo-Tehran Express
Egyptian-Iranian intelligence meeting prompts fears of a new Middle East terror axis
U.S. intelligence agencies recently monitored a secret meeting between Egypt’s intelligence chief and a senior Iranian spy that is raising new fears the Muslim Brotherhood government in Cairo could begin covertly supporting global terrorism.
GM: Still $42B in the Hole
Taxpayers on the hook for billions despite Obama’s claims to the contrary
Despite President Barack Obama’s stories about a resurgent GM ready to repay its bailout tab, the automaker and its former bank still owe taxpayers nearly $42 billion, according to an inspector general’s report.
Treasury Gone Wild
Treasury Department officials solicited prostitutes, engaged in conflicts of interest, and accepted unethical gifts, according to the agency’s inspector general.
New Details About Geithner’s Ties to Libor
The developing Libor scandal has ensnared Obama Treasury Secretary Timothy Geithner, the Washington Post reports.