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Tarp Money

The Ghosts of Bailouts Past, Bailouts Present and Bailouts Yet to Come

The Alternative Banking Group of OWS | Posted 03.07.2015 | Money
The Alternative Banking Group of OWS

The US Treasury Department has just declared the bailout is over -- and that it was profitable too! But nothing could be further from the truth. Both claims are false.

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...

Tim Geithner Criticizes Elizabeth Warren In New Book

The Huffington Post | Igor Bobic | Posted 05.12.2014 | Politics

Timothy Geithner had some critical words for Sen. Elizabeth Warren (D-Mass.) in a new memoir reflecting upon his time as treasury secretary before and...

Timothy Geithner Tried To Quit Three Months Into Treasury Secretary Stint

The Huffington Post | Alexander C. Kaufman | Posted 05.08.2014 | Business

Timothy Geithner says he offered to resign three months into his stint as Treasury secretary, and supposedly it was only the first of multiple times h...

Mark Gongloff

Bailout Watchdog Issues Dire Warning To Taxpayers | Mark Gongloff | Posted 01.30.2013 | Business

Guess what, American taxpayer: More than four years after the financial crisis started, you are still on the hook for a nearly $15 billion investment ...

How Do Republicans Like Boehner Get Reelected?

Jane White | Posted 03.23.2013 | Politics
Jane White

Ohioans have elected Mr. Tan, rested and ready to office 11 times despite the fact that there is no other politician on Capitol Hill who more embodies the ethic of sell-your-soul-to-the-1-percent. Mad about the bailouts of bad banks? Blame Boehner.

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.

Mark Gongloff

Geithner Loses It On TARP Inspector General | Mark Gongloff | Posted 07.19.2012 | Business

"I never would have imagined that one day one of the most powerful government officials in the world would be dropping f-bombs on me." That's Neil ...

Bailed-Out Bank Defrauded By Debt Collection Agency

The Huffington Post | Jillian Berman | Posted 05.16.2012 | Business

Apparently debt collection agencies aren't only making things difficult for debtors. Executives at Oxford Collection Agency have pled guilty to co...

Bailout Watchdog: 'We're Letting Our Guard Down' Against Too-Big-To-Fail Banks

The Huffington Post | Jillian Berman | Posted 04.19.2012 | Business

The likelihood of another financial crisis and subsequent bailout is far from dead. And that's partly because Americans and the financial community fo...

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...

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?

TARP To Cost The U.S. Nearly Double The Initial Estimates: CBO

Posted 12.16.2011 | Business

The government's bailout of banks may cost U.S. taxpayers nearly two times more than originally estimated, according to the Congressional Budget Offic...

Max J. Rosenthal

Scott Brown's Big Bank Sellout | Max J. Rosenthal | Posted 11.17.2011 | Politics

WASHINGTON -- Sen. Scott Brown (R-Mass.) positioned himself as a clean-government advocate this week, co-sponsoring the STOCK Act, which is designed t...

If I Were a Protestor

Jerry Kremer | Posted 12.21.2011 | New York
Jerry Kremer

Traveling between New York City and Washington over the past weekend has given me a chance to see two of the many protests that are currently taking p...

Is the National Security Complex Too Big to Fail?

Tom Engelhardt | Posted 12.20.2011 | Politics
Tom Engelhardt

Think of Iraq as the AIG of wars -- the only difference being that the bailout there didn't involve just three payouts. More than eight years after the Bush administration invaded that country, the bailout is, unbelievably enough, still going.

Florida Bank Backed By TARP Money, Used By Insiders Verging On Collapse

Posted 12.19.2011 | Business

By Jake Bernstein, ProPublica U.S. Century Bank rocketed into being in 2002, with investors pouring in $30 million over three months. Four years late...

Demanding Accountability for Wall Street's "Greedapalooza"

Bennet Kelley | Posted 12.06.2011 | Politics
Bennet Kelley

September '11 is the moment the lobster said the water is getting too hot; it is the moment the people said the U.S. does not belong to those with the most money, but to working Americans whose voices have been ignored for too long.

The War 'in' the Middle Class

Paul Heroux | Posted 09.14.2011 | Politics
Paul Heroux

The most pressing issue in America today is unemployment and jobs, not debt. Yet, somehow Washington has managed to get distracted and focus on the de...

Lessons From the Crisis

Neil Barofsky | Posted 09.06.2011 | Business
Neil Barofsky

The most striking lessons from the financial crisis and its aftermath already appear either to have been forgotten or to have never been learned. The American financial system can still be brought to its knees by the poor decisions of a small group of executives.

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.

"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

Obama: Create Jobs by Executive Order

Marjorie Cohn | Posted 05.25.2011 | Politics
Marjorie Cohn

Obama: Create Jobs by Executive Order By Jeanne Mirer and Marjorie Cohn On May 6, 1935, with the country in the midst of the Great Depression, and wi...

Obama: Create Jobs by Executive Order

Marjorie Cohn | Posted 05.25.2011 | Politics
Marjorie Cohn

Obama: Create Jobs by Executive Order By Jeanne Mirer and Marjorie Cohn On May 6, 1935, with the country in the midst of the Great Depression, and wi...