Obama Tarp Money

The Untold Story of TARP

Herbert M. Allison | Posted 05.25.2011

Herbert M. Allison

No one wanted to bail out Wall Street. No one wanted to use taxpayer dollars to rescue an industry that helped cause the worst economic crisis in a generation. It was unfair. It was appalling. But it was necessary. We had no other choice.

Foreclosure: A Sociological Disaster

Ronald Ricker | Posted 05.25.2011

Ronald Ricker

Here's the story of a family that had no choice but to stop paying their mortgage. Though they're receiving help from a local nonprofit, it's unknown if they'll be forced out. Their story is one of millions.

How to Stop AIG's Bonuses

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd | Posted 05.25.2011

Bill Black, Tom Ferguson, Rob Johnson, Walker Todd

Today the task is to stop a grotesque abuse before it is too late. The path we outline here would do it, without throwing markets into turmoil.

Edward Liddy, Come Back to Earth

Rep. Elijah Cummings | Posted 05.25.2011

Rep. Elijah Cummings

There are still too many unanswered questions about how AIG spent its first portion of TARP assistance. We cannot allow the pattern of deception by this company to continue.

Nate Silver: Give Geithner A Break

FiveThirtyEight | Posted 05.25.2011

I don't think he did well yesterday. I don't know that he's the right guy for the job. But what I do know is the following: 1. Nobody, absolutely nob...

TARP II: Krugman Slams Obama Plan For Second Bailout

The Huffington Post | Rachel Weiner | Posted 05.25.2011

On Thursday, news came out that Treasury officials are planning a second bank bailout -- one that could cost another $1 to $2 trillion. In a blog p...

Citigroup Caves To Obama: Abandons $50M Plane Purchase

ABC | Posted 05.25.2011

The high-flying execs at Citigroup caved under pressure from President Obama and decided today to abandon plans for a luxurious new $50 million corpor...

Key Democrat Slams Stimulus, Predicts More Bailouts

The Hill | Posted 05.25.2011

A key Democrat on Tuesday lambasted the economic stimulus bill that is headed to the House floor, claiming it was put together too quickly and won't h...

House Rejects Obama's Request For Rest Of TARP

AP | JIM KUHNHENN | Posted 05.25.2011

WASHINGTON — The House expressed its bipartisan anger over a massive financial bailout package Thursday as the Obama administration undertook to...

Obama Team To Prioritize Credit Flow In Use Of TARP Funds

Financial Times | Krishna Guha and Francesco Guerrera | Posted 05.25.2011

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Obama's First Vote: $350 Bailout Funds

AP | JIM KUHNHENN | Posted 05.25.2011

WASHINGTON — Seeking an early legislative victory, President-elect Barack Obama prevailed Thursday despite eroding Senate support for the financ...

What Today's Bailout Vote Says About the New Senate

David Sirota | Posted 05.25.2011

David Sirota

What we've learned from today's bailout vote is that lots of our new senators - even those who campaigned as populists - are already under the spell of "the most exclusive club in the world."

Ryan Grim

TARP Vote: Obama Wins, Senate Effectively Approves $350 Billion

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Six Republicans joined with 45 Democrats and one Joe Lieberman to defeat a resolution that would have blocked the release of $350 billion in financial...