iOS app Android app

Tarp Bailout

U.S. Treasury Denies Allowing 'Excessive' Executive Pay At GM, Ally Financial

Reuters | Posted 11.24.2014 | Politics

By Paul Lienert and Bernie Woodall DETROIT, Sept 24 (Reuters) - The U.S. Treasury last year permitted top executives at General Motors...

Zach Carter

Lew Dodges Citigroup Questions At Confirmation Hearing | Zach Carter | Posted 02.13.2013 | Politics

WASHINGTON -- Jack Lew, President Barack Obama's nominee for Treasury Secretary, maneuvered around questions during a Wednesday confirmation hearing a...

Eleazar David Melendez

'Pay Czar' Failed To Rein In Fat Paychecks For CEOs | Eleazar David Melendez | Posted 01.28.2013 | Business

Top executives at three major companies that received taxpayer-financed bailouts received excessively generous pay packages last year, in an apparent ...

6 Ways Elizabeth Warren May Affect Your Personal Finances

LearnVest | Posted 02.02.2013 | Women

It's clear that Warren is ready to make some big changes in Washington. So what exactly is on her mind? These six things are likely to be on her agenda -- and they're likely to affect your wallet.

Surprised? Those Big Banks That Got Taxpayer Money Are Still Taking Huge Risks

The Huffington Post | Bonnie Kavoussi | Posted 03.07.2012 | Business

The big banks that critics claim caused the financial crisis may have gotten bailed out, but they apparently haven't learned their lesson. Large b...

AIG Shares Fall Low Enough To Threaten Government Loss

Posted 07.09.2011 | Business

Shares in bailed-out insurer American International Group (AIG.N) fell to their lowest levels in nearly eight months on Monday, potentially moving the...

Shahien Nasiripour

Obama Treasury Celebrates Bailout Profits While Ignoring Costs, Legacy | Shahien Nasiripour | Posted 05.30.2011 | Business

NEW YORK -- On Wednesday, the Treasury Department celebrated the fact that its $250 billion investment in the nation's banking system has officially m...

America Is Not Broke

Michael Moore | Posted 05.25.2011 | Politics
Michael Moore

Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot.

"A Healthy Financial System Cannot Be Built on the Expectation of Bailouts"

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

TARP played a significant role preventing the mini-depression from becoming a full-blown Great Depression, but part of the cost is to distort further incentives at the heart of Wall Street.

Time to "Stress Test" the Fed

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Last week, the Federal Reserve was forced by law to release the details of its back-door bailout of the global financial system. These later purchases represent the real risk for taxpayers in the Fed's continuing bailout activities

What's Really Behind QE2?

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

The deficit hawks are circling, hovering over QE2, calling it just another inflationary bank bailout. But unlike QE1, QE2 is not about saving the ban...

More Small Banks Are Becoming TARP 'Deadbeats' | Brady Dennis | Posted 05.25.2011 | Business

The latest report from the agency shows that more than 120 institutions - nearly all of them small banks - have missed their scheduled quarterly divid...

The Great American Credit Catastrophe Is Our Generation's 9/11

Michelle Kraus | Posted 05.25.2011 | Politics
Michelle Kraus

The housing crisis is just one piece of the big, ugly mess of the consumer credit debacle. It seems to me that our president must call for immediate reform and take action through executive order.

Goldman Sachs Sued by German Bank Over Davis Square VI, an AIG CDO Bailed Out by Taxpayers (Updated)

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

With the latest lawsuit, taxpayers might again ask why the Federal Reserve was so eager to bail out all of AIG's deals linked to problematic CDOs at 100 cents on the dollar. The largest beneficiary of that largess was Goldman Sachs.

The Complementary Wings of the Republican Party

Bill Lasarow | Posted 05.25.2011 | Politics
Bill Lasarow

The more traditional wing of the Republican Party has for generations conducted a program that they casually and regularly accuse liberals of conducting: Class warfare. In fact it is they who conduct class warfare.

How Glenn Beck Can Become a Progressive -- Really!

John F. Wasik | Posted 05.25.2011 | Politics
John F. Wasik

Beck and his tea-bagging minions apparently don't want anything to do with creating jobs for those who need them.

Treasury Bailout's Limits On Lobbyists Still Haven't Taken Effect

Wall Street Journal | MEENA THIRUVENGADAM | Posted 05.25.2011 | Business

WASHINGTON -- A plan by Treasury Secretary Timothy Geithner to limit lobbyists' influence over the $700 billion bailout program has yet to get off the...

Citigroup Bonuses: Bank Pays Millions To London Traders

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The timing couldn't be better. With the Obama administration readying new compensation guidelines for certain financial companies, Forbes reported Tue...

TARP Repayments Reveal The Weakest Banks | Rick Newman | Posted 05.25.2011 | Business

The government has finally acknowledged something it wanted to keep secret six months ago: Which banks are in the worst financial health. It's now ...

Banks Declining TARP Funds, $2 Billion Turned Down | Avi Klein on February 27, 2009 4:01 PM | Posted 05.25.2011 | Home

German American Bancorp Inc. said this week it would turn down $25 million in taxpayer capital from the Treasury Department and raise funds through a ...

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...

The Evil of Banality

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

It could be that our institutions are so corrupt, our political discourse so banal and polluted, that they are incapable of lifting us up from our national malaise.

Government Watchdog: TARP Still Lacks Transparency, Accountability

Wall Street Journal | MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Business

The U.S. Treasury's financial-rescue plan remains an incomplete operation, plagued by backlogs and a lack of clear mission, a government watchdog said...

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...