Bill Ackman has convinced politicians to aid him in his short bet against Herbalife, but he won't lobby Washington on Fannie and Freddie.
With the 2008 financial crisis now firmly in the rear view mirror, and Tim Geithner's reputation on relatively solid ground, it is easy to forget the disastrous public perception of him in the days after his appointment as Treasury Secretary.
Former Federal Reserve Chairman Paul Volcker and former Treasury Secretary Tim Geithner may both be Democrats and close advisers to President Obama, but it is not secret that Volcker has been far more willing than Geithner to take on big financial institutions.
Tim Geithner reveals in his new book 'Stress Test' that European leaders liked to refer to the former Treasury Secretary as the 'smiling hegemon,' so don't expect them to be especially eager to hear what he has to say.
Fannie Mae and Freddie Mac 'must be wound down,' according to a Treasury official who cited widespread agreement for such an outcome even though most observers believe proposed legislation to accomplish that goal will die in the Senate.
Anger over tax-driven megadeals has been reignited by Pfizer's proposed acquisition of AstraZeneca and Rep. John Delaney is hoping to harness that outrage to help build momentum for his trademark infrastructure legislation.
Fannie Mae and Freddie Mac common and preferred shares were higher Tuesday following a speech by Federal Housing Finance Authority Director Mel Watt.
Fannie Mae and Freddie Mac are easing up on the standards that must be met for banks to avoid future legal claims, a move aimed at making it easier for people to get a mortgage.
Whatever you think about Fannie Mae and Freddie Mac, there can be little honest disagreement that the government-run mortgage giants are serial accounting offenders.
Walter Investment Management Corp. shares were among the best performing financial sector stocks Thursday following first quarter earnings results that handily topped analyst estimates.