Tag: U.S. Treasury
Geithner ensures that the private debt caused the Spanish crisis
The U.S. Treasury Secretary Timothy Geithner said Wednesday that the causes of the crisis in Spain were not motivated by fiscal profligacy, but by the loss of competitiveness and the high level of private sector borrowing. In testimony before the House of Representatives, Geithner said that in the cases of Ireland and Spain, the crisis [...]
The U.S. Treasury yields all securities issued by Fannie Mae and Freddie Mac
The U.S. Treasury gave all his titles tied to mortgages guaranteed by Fannie Mae and Freddie Mac that he had bought during the crisis, said Monday the agency . The Treasury Department said in a statement that the state recovered 250,000 million dollars he spent on the operation and made a profit of 25,000 million [...]
