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President Barack Obama will nominate David Cohen to serve in the US Treasury as assistant secretary for “terrorist” financing.  Mr. Cohen will work directly under US Treasury Secretary Timothy Geithner. Bloomberg  reports that the nomination of Mr. Cohen and 2 others were needed because “efforts to revive the economy have been hampered by vacancies in [...]

Much has been made about the so-called bank stress tests which are being conducted by the US treasury though the government has revealed little or no information on what the test might entail.
Tim Geithner has described the stress test only as “a more consistent, realistic and forward looking assessment about the risk on balance sheets,” [...]