iOS app Android app

Congressional Oversight Panel

Shahien Nasiripour

Feds Didn't Do Enough To Avoid 'Poisonous' AIG Bailout And Now Changing Story To Defend It, Watchdog Says | Shahien Nasiripour | Posted 05.25.2011 | Business

Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International G...

Christina Marie Fierro

Top Official, Citing TARP, Doubts Obama's Small Business Lending Plan | Christina Marie Fierro | Posted 05.25.2011 | Business

The watchdog overseeing TARP doubts that President Barack Obama's plan to boost lending to small businesses will actually work, according to prepared ...

Shahien Nasiripour

Federal Oversight Panel Slams Obama's Small Business Plans, Says Administration Not Doing Enough | Shahien Nasiripour | Posted 05.13.2010 | Business

A federal oversight panel criticized the Obama administration's attempts to boost small business lending, expressing doubts on everything from the pla...

GMAC Bailout Could Cost Taxpayers $6.3 Billion, Says Watchdog

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable &n...

Shahien Nasiripour

Obama Foreclosure-Prevention Plan Lagging, New Data Shows (EXCLUSIVE) | Shahien Nasiripour | Posted 05.25.2011 | Business

Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have...

Vikram Pandit

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Facing sharp questions from bailout overseers, Citigroup Inc. CEO Vikram Pandit said Thursday the bank is "fundamentally different"...

Elizabeth Warren: It's Bank Lobbyists vs. American Families In Fight For Financial Reform

Posted 05.25.2011 | Business

Elizabeth Warren appeared on "Real Time With Bill Maher" Friday evening to discuss financial reform. Warren, the chair of the Congressional Oversight...

Shahien Nasiripour

Obama Administration To Shame Lenders That Don't Offer To Modify Mortgages | Shahien Nasiripour | Posted 05.25.2011 | Business

Its signature foreclosure-prevention plan having definitively failed to actually help very many homeowners, the Obama administration today announced ...

How The Middle Class Got Squeezed: Charles Hugh Smith

DailyFinance | Charles Hugh Smith | Posted 05.25.2011 | Business

The current recession has stoked deep-seated fears about a declining middle class. A great collective anxiety about such a decline has been floating a...

Elizabeth Warren Talks Death Of The Middle Class On Morning Joe (VIDEO)

Posted 05.25.2011 | Politics

Elizabeth Warren, chair of the Congressional Oversight Panel created to monitor TARP and a Huffington Post blogger, appeared on MSNBC's Morning Joe ea...

Elizabeth Warren: Bank Bonuses Leave Me "Speechless"

Posted 05.25.2011 | Business

In a recent interview with Yahoo Tech Ticker's Aaron Task, Elizabeth Warren, chair of the Congressional Oversight Panel, said she was "speechless" ove...

Elizabeth Warren: Financial Rules 'Literally Don't Work Anymore,' Regulations Should Be 'Clear And Painful'

Posted 05.25.2011 | Business

Elizabeth Warren, a professor at Harvard Law School who has more recently assumed the role of chairwoman of the Congressional Oversight Panel for the ...

Shahien Nasiripour

Bailout Watchdog: Obama Foreclosure Plan Inadequate, New Direction Needed | Shahien Nasiripour | Posted 05.25.2011 | Business

This story has been updated Add Elizabeth Warren, the Harvard Law professor-turned-crusader for Main Street and the middle class, to the growing list...

Shahien Nasiripour

One Company Responsible For Nearly Half Of All Permanent Mortgage Modifications | Shahien Nasiripour | Posted 05.25.2011 | Business

Nearly half of the permanent home loan modifications under the government's plan to help troubled borrowers come from a single company that handles le...

Shahien Nasiripour

Bailout Watchdog: Shutting Down TARP To Be Tricky, Government Does Not Have Plan To Address 'Too Big To Fail' | Shahien Nasiripour | Posted 05.25.2011 | Business

Of all the problems that plague TARP -- including its lack of transparency and disclosure, shifting goalposts, and an unclear purpose -- there's one t...

Shahien Nasiripour

For The "Lucky Few" Who Renegotiate Their Mortgages, Towering Debt Remains | Shahien Nasiripour | Posted 05.25.2011 | Business

A Huffington Post analysis of recent mortgage-modification data shows that even those relatively few homeowners fortunate enough to renegotiate their ...

Where Is The Bank Bailout Money Going? (VIDEO)

Posted 05.25.2011 | Business

Where exactly is all of the bailout money going? Today, McClatchy addresses growing concerns over the lack of true oversight in government's enormous ...

Auto Bailout Could Leave Taxpayers With Heavy Losses

Ap | Christopher S. Rugaber, AP Economics Writer | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight pan...

Elizabeth Warren Talks Toxic Assets On MSNBC (VIDEO)

Posted 05.25.2011 | Business

Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bank bailout, appeared on MSNBC this morning to talk toxi...

Ryan Grim

Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals | Ryan Grim | Posted 05.25.2011 | Politics

Less than two weeks after a congressional watchdog called attention to backroom deals in which the Treasury Department repurchased stock warrants from...

Sam Stein

TARP Watchdog: We Should Have Semi-Regular Stress Tests | Sam Stein | Posted 05.25.2011 | Politics

One of the five members of the TARP Oversight Committee said on Monday that the government would be wise to run regular stress tests of the nation's b...

TARP Watchdog: Stress Tests Relied On Too Rosy A Scenario

AP | ANNE FLAHERTY | Posted 05.25.2011 | Business

WASHINGTON — A government test of whether 19 major banks could survive a further downturn in the economy may have relied on too rosy a scenario ...

Message Delivered: Timothy Geithner Answers Questions from Huffington Post Readers

Richard H. Neiman | Posted 05.25.2011 | Politics
Richard H. Neiman

On measuring progress, your questions made it even clearer to me that Treasury has to do a better job communicating the success, or failure, of its efforts.

Fish Can Count and Monkeys Can Subtract

Lee Schneider | Posted 05.25.2011 | Business
Lee Schneider

The qualities present in fish and monkeys, being social and caring about their fellows, have gone missing in some bankers.

Arm the COP on the Bank Beat

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

We want to know what happened. We want those responsible to be held accountable and we want to make certain it can't happen again. Will Congress step up?