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Tarp Funds

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.

In The Public Interest: How Much Did You Pay for Tax Dodging Corporations?

Phineas Baxandall | Posted 06.19.2011 | Politics
Phineas Baxandall

Instead of cutting needed programs, our leaders should take a close look at our unbalanced tax code and close the outrageous loopholes that allow the wealthiest individuals and corporations to skip out on paying their share.

"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.

Obama's Next Economic Push To Be Staged At Home Depot

Posted 05.25.2011 | Politics

The White House announced on Saturday that President Obama will be hosting a discussion about his new home retrofitting proposal at a Home Depot store...

SIGTARP's Independence Essential to Protect Taxpayers

Rep. Darrell Issa | Posted 05.25.2011 | Politics
Rep. Darrell Issa

No matter where Americans fall along the ideological spectrum, everyone should be concerned when federal officials, with extraordinary power over the economy, attempt to limit oversight of their own conduct.

Citigroup's Asset Guarantees to Be Audited by TARP | Posted 05.25.2011 | Business

Citigroup Inc.'s $301 billion of federal asset guarantees, extended by the U.S. last year to help save the bank from collapse, will be audited to calc...

Bailout Overseer: Banks Misused TARP Funds

Washington Post | Binyamin Appelbaum | Posted 05.25.2011 | Business

Many of the banks that got federal aid to support increased lending have instead used some of the money to make investments, repay debts or buy other ...

Chances of Getting an SBA 7(a) Loan for Your Small Business: Slim to None!

Susan Wilson Solovic | Posted 05.25.2011 | Business
Susan Wilson Solovic

A small business owner's chances of getting an SBA 7(a) loan are slim to none. The restrictions are absurd, and the application process beyond reason.

David Frum: Bank CEOs Still In Denial About Bailout

New Majority | Posted 05.25.2011 | Politics

If the Politico report is to be believed, some of the bank CEOs who met with President Obama last week actually used some of their scarce time to defe...

Arthur Delaney

Barofsky To Announce Counterparty Audit | Arthur Delaney | Posted 05.25.2011 | Politics

Government-appointed TARP watchdog Neil Barofsky said a Senate hearing Tuesday that he plans to review AIG's payments of billions in taxpayer bailout ...

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 ...

BofA's Ken Lewis: TARP Funds "A Mistake"

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

Bank of America's CEO Kenneth Lewis told the Financial Times the $20 billion in funds he requested in January was a "tactical mistake" that made the c...

Community Banks: TARP Is Not A Bailout

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

UPDATE: Iberiabank is first bank to return TARP funds it accessed via the CPP program. As Citigroup takes a step closer to nationalization and atten...

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...

Ryan Grim

Bailout Investigation Released: Help Us Dig Through It | Ryan Grim | Posted 05.25.2011 | Business

The investigator in charge of overseeing the expenditure of TARP funds -- money for banks to stabilize the financial industry -- released his first re...

Next! Six More Banks Get TARP Funds

BailoutSleuth | Chris Carey on February 2, 2009 8:15 PM | Posted 05.25.2011 | Business

Six more banks -- four of them in California -- have announced their approval for the Treasury Department's $700 billion Troubled Asset Relief Program...

Sam Stein

Claire McCaskill Lays Down Law On CEO Compensation | Sam Stein | Posted 05.25.2011 | Politics

Sen. Claire McCaskill has delivered a sharp threat to the wallets of corporate executives who took large compensation packages even as their companies...