Who knows how long it would have taken if Solomon weren't Treasury's head of tax policy?
Why didn't the Treasury Department--behind the scenes--tell the Fed to strengthen the enfeebled greenback?
Why couldn't the Treasury Department or the Federal Reserve simply have advanced money to the FDIC?
"I think there are a lot of questions they cannot answer and questions they don't want to answer because it could lead to a whole other level of questions, " Corker says, pointing out that he doesn't believe Treasury officials are trying to hide anything.
Some small countries, like Iraq, don't have functioning treasury-bond markets but have sold foreign-currency bonds internationally, giving fund managers another avenue to invest in them.
Because the statute of limitations had run out on the 2001-2002 tax payments, Mr. Geithner was not legally required to pay them -- and didn't until a Treasury confirmation hearing seemed possible.
Some employees may even have to decide by Dec. 31, 2004 whether to defer bonuses to be earned in 2005 and paid in 2006--absurd, considering that Congress didn't require the Treasury and the IRS to issue preliminary guidance until Dec. 21.
And it won't happen overnight: Treasury briefings talk of months if not years to establish this SME bond market, so the plan doesn't amount to an immediate monetary stimulus.
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If banks and investment firms can't use Treasurys and Treasury derivatives like bond futures to tame their balance sheets, their lending to the private sector will be curtailed or priced upward.
And I don't think that many Treasury Secretaries can claim childhood obesity as part of their portfolio, right? (Laughter and applause.) It is pretty cool to have your husband's Treasury Secretary enthusiastically a part of this initiative. (Laughter.) So I salute you for your work.
Dr. EDWARD RICE (Associate Professor and Faculty Director, Foster School of Business, University of Washington): I can take a very large risk and basically be risking the Treasury's money where, if it pays off, I win, and if it doesn't pay off, the Treasury loses.
When Congress engages in deficit spending the Treasury auctions off T-Bills to pay for it.
This isn't the first time the Treasury has made a hash of managing our national debt.
It doesn't help matters much that Treasury Secretary Tim Geithner seems too small for his chair.
It is widely expected (although not confirmed) that Geithner won't stay much longer at Treasury.
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As a condition of the IPO, the Treasury isn't able to sell additional holdings before May 22.
The new law, by contrast, dictates what is and isn't allowed and orders the Treasury and IRS to write regulations.
But the government is now saying that's on the table but Treasury won't say they're definitely going to do it.
Treasury didn't get around to issuing proposed regulations until 11 years later.
Martin said no decision has been made yet about whether his firm will seek relief from lawmakers if the Treasury doesn't provide it.
The Treasury doesn't have the legal authority to suspend 2008 distributions on its own, notes David Levine, a partner at Groom Law Group, a benefits specialist.
In response the Treasury isn't falling over itself to welcome the deputy prime minister's support for a plan to transfer the state's 83% of RBS and 41% of Lloyds into the hands of voters.
He said -- he talked about this issue of the bonuses, that they were looking at it from a legal term, but that Treasury wasn't looking at it from a moral or ethical sort of -- sort of through a moral or ethical -- didn't get the exact quote -- from a moral and ethical aspect.
Treasury officials haven't contacted GM about a target date for the sale, a person familiar with the matter said.
As the crisis progressed, Treasury errors didn't help, particularly its policy of virtually wiping out the value of Bear Stearns' common stock.
Treasury did pay these T-bills after a short delay.
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The Treasury Department wasn't available for comment.
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