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U.S. Department of the Treasury

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Top U.S. Department of the Treasury Articles see all

Displaying items 1-5
  • Still Waters

    Still Waters
    One doesn't expect to find folks like Ben Lyon and Jaime Windon living in sleepy St. Michaels. Tall, slender, model-esque, the young 30-something couple-Windon, a professional photographer, and Lyon, once a Wall Street trader as well as a brewer at Cisco Brewers in Nantucket, R.I.-seem like they're out of a rom-com. The formerly long-distance couple moved to the Eastern Shore town in 2012 as a midpoint between Manhattan and Kenya, where Windon lived for two years. They ran a bed-and-breakfast together.
  • Bankenstein Lives!

    Last night Federal Reserve and CitiGroup officials dropped a financial bomb, emerging from all-weekend talks to say that the U.S. taxpayers are bailing out Citi. It was the inevitable result of policy decisions made a decade ago, after CitiGroup broke a...

    Fannie-Freddie Updates

    The Chief Financial Officer of Freddie Mac apparently committed suicide this morning or last night. The New York Times says there is no way to know yet whether his death is related to an ongoing investigation of Freddie's finances. Meanwhile, Fannie...

    NYT spotlights the derivatives lobby

    The New York Times posted a long and important story by Gretchen Morgenson and Don Van Natta yesterday discussing the derivative industry's sneaky lobbying campaign to prevent effective regulation of their profitable scam. It notes that the flaws in the...

    IRS Auditing Fewer Big Companies, More Small Ones

    The nonprofit watchdog group Transactional Records Access Clearinghouse (TRAC) has yet another report out based on data released by the Treasury Department showing that our tax collectors are auditing fewer large companies while bringing the hammer down...