A Matter Of Trust At Treasury
April 2, 2009Barely settled into office, Treasury Secretary Timothy F. Geithner may be developing a credibility problem that could set back global economic recovery and endanger his place in the Obama Cabinet. Last autumn, the financial community saw Geithner — then president of the Federal Reserve Bank of New York — as a savior. The global banking system faced imminent collapse when Geithner, collaborating with Federal Reserve Chairman Ben Bernanke and then-Treasury …
Ethical Investing For Federal Officials
April 1, 2009After approval by the appropriate supervisory ethics office, a blind trust will be effective as a device to avoid financial conflicts of interest, provided it meets these requirements established by the Ethics in Government Act of 1978: Within 30 days after the trust is established, the official must file the trust agreement and a list of all assets originally transferred to the trust, and their categories of value, with the …
Making Your Move Manageable
April 1, 2009The act of moving ranks is about as high on the list of things you want to do as getting a tooth pulled without Novocain. Good planning, tax deductions and a lot of patience can make the experience tolerable. About two months before you move, start getting estimates from moving companies. If possible, have the estimator survey your home and prepare a written estimate. Alternatively, you can get a bid …
Private Equity In A Deleveraged World
April 1, 2009Private equity’s reputation has taken a hit, but as with any other investment, the best time to buy is when there is blood on the street. Right now, the streets are pretty bloody. We have seen a dramatic reversal of fortune for the buyout experts since the credit crunch began in 2007. Financing for their leveraged buyouts has dried up, and their reputations were damaged after they attempted to back …
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