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Obama Tarp

Tim Geithner: Give Presidents The Power To Act Unilaterally During Financial Crises

The Huffington Post | Igor Bobic | Posted 05.21.2014 | Politics

Former Treasury Secretary Timothy Geithner wants to expand executive authority so that presidents can act as swiftly in times of financial crisis as t...

TARP Is Over, But the Bailouts Will Continue Until the Big Banks Are Broken Up -- and Washington Knows It

Robert Reich | Posted 03.11.2013 | Business
Robert Reich

TARP -- the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008 -- is over. The Treasury Department announced it will be completing the sale of the remaining shares it owns of the banks and of General Motors. But in reality it's not over.

Amanda Terkel

Treasury Tries To Bail Out Public Image Of Bailout | Amanda Terkel | Posted 04.13.2012 | Politics

WASHINGTON -- The Treasury Department is worried that the high political cost of some of its key economic intervention programs -- most notably, the b...

A Lesson From the Brits on Bank Bailouts

Ted Kaufman | Posted 02.18.2012 | Business
Ted Kaufman

I have never quite been able to understand how the decision was made to fire Richard Wagoner at GM but not Vikram Pandit at Citibank. Is running a huge bank really more complex than running a huge automobile manufacturer?

Taking on TARP

Dan Rather | Posted 08.08.2011 | Business
Dan Rather

"You can't look at what happened in the run-up to 2008 and see how it's not going to repeat itself, given what we've done," says Neil Barofksy, who became TARP's Special Inspector General in December, 2008.

Sam Stein

Debt Limit Debate Has Lawmakers Experiencing TARP Deja Vu | Sam Stein | Posted 08.02.2011 | Politics

WASHINGTON -- A foreboding sense of deja vu is growing among Democratic lawmakers on Capitol Hill. The debate over raising the nation's debt ceiling, ...

Democrats' Dilemma: Fall in Love or Fall in Line?

Christine Pelosi | Posted 05.25.2011 | Politics
Christine Pelosi

Watching Bill Clinton help Barack Obama extend George Bush tax cuts -- it's easy to see why Democrats have cognitive dissonance. Here were two enormously popular Democratic leaders handing Republicans their "holy grail" because this is the best we can do.

The Untold Story of TARP

Herbert M. Allison | Posted 05.25.2011 | Business
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 | Impact
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.

Hollywood Agrees, Consumers Need Protection

Tamara Conniff | Posted 05.25.2011 | Entertainment
Tamara Conniff

Elizabeth Warren warns that unless a consumer protection agency with real "teeth" is formed, Americans and small businesses will continue to be brought to their knees.

Sam Stein

Hank Paulson: John McCain Gave Me Anxious Days And Hours | Sam Stein | Posted 05.25.2011 | Politics

Former Treasury Secretary Hank Paulson acknowledged on Sunday that during the intense and grinding days when he was assembling the bank bailout, the t...

Defining the Second Great Depression

Dylan Loewe | Posted 05.25.2011 | Politics
Dylan Loewe

If Democrats can't stand up and clearly articulate the nightmare scenario we were saved from, then the economic disaster that Republicans caused may well be the same disaster that helps them surge back into power.

Shahien Nasiripour

Obama's $30 Billion Small-Business Plan Could Be Doomed To Fail | Shahien Nasiripour | Posted 05.25.2011 | Business

During his State of the Union address last week, President Barack Obama said he wants to "take $30 billion of the money Wall Street banks have repaid ...

Sam Stein

Obama Will Only Use TARP Funds For One Component Of Jobs Push | Sam Stein | Posted 05.25.2011 | Politics

The Obama administration will only use money from the Troubled Asset Relief Program to pay for one of the president's newly announced job-creation ini...

One Year Later: The Post-TARP Questions We Should Be Asking

Dear John Thain | Posted 05.25.2011 | Business
Dear John Thain

While we can't decisively compare outcomes of choices that were made to alternative choices, we can ask why certain decisions haven't even been tackled.

What Obama is Getting Wrong About Economic Recovery

Karen Dolan | Posted 05.25.2011 | Politics
Karen Dolan

President Obama announced outlines for a new jobs plan for the country. For the first time, he suggested that up to $200 billion from the "bailout of Wall Street" program should go toward jobs creation ideas.


Neil McCarthy | Posted 05.25.2011 | Politics
Neil McCarthy

Even the lies are ... Boring.

The Continuing Disaster of Wall Street, One Year Later

Robert Reich | Posted 05.25.2011 | Business
Robert Reich

Let's be clear: Wall Street today is up to the same tricks it was playing before its near-death experience. The only difference now is that its biggest banks know for sure they'll be bailed out if their bets turn sour.

Cheney Hits Obama Again: 'Devastating' Economic Policies

CNN | Posted 05.25.2011 | Politics

President Barack Obama's expansion of the federal government into the financial sector is likely to have "devastating" effects in the long term, forme...

Ryan Grim

Dems Fear AIG Greed Could Imperil Global Recovery Effort | Ryan Grim | Posted 05.25.2011 | Politics

In hoping to prevent a global economic collapse, Congress and the president have had to walk a fine line. On one side is bubbling populist rage at fai...

Freedom Watch Is Back: Right-Wing Group Sues For TARP Details

The Hill | Posted 05.25.2011 | Politics

A conservative legal group is suing the Treasury Department and the Federal Reserve to reveal exactly how the first $350 billion of the financial serv...

GOP Sen. Shelby: Geithner "Wasted" Senate's Time

CBS | Posted 05.25.2011 | Politics

Republican Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee, on Wednesday lambasted Treasury Secretary Tim Geithner'...

Nate Silver: Give Geithner A Break

FiveThirtyEight | Posted 05.25.2011 | Politics

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...

Krugman: Obama Preparing More Bailouts For Bank Industry 'Bunglers'

New York Times | Posted 05.25.2011 | Politics

Question: what happens if you lose vast amounts of other people's money? Answer: you get a big gift from the federal government -- but the president s...

TARP II: Krugman Slams Obama Plan For Second Bailout

The Huffington Post | Rachel Weiner | Posted 05.25.2011 | Politics

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...