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Tarp Money

Too Big to Fail -- That's What She Said

Kristin Wilson Keppler | Posted 05.25.2011 | Comedy
Kristin Wilson Keppler

We're not suggesting these institutions actually need bailing out; we're simply suggesting that if they ever do falter, a nation's worth of parents will lose their collective Schmidt.

Geithner Debunks Five Greatest Myths About TARP

The Washington Post | Timothy F. Geithner | Posted 05.25.2011 | Business

Born at the peak of the financial crisis in 2008, the Troubled Asset Relief Program expired last week, ending what was perhaps the most maligned yet m...

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.

TARP Uncovered -- the Real Cost of the Government Bailout

John R. Talbott | Posted 05.25.2011 | Politics
John R. Talbott

One of the reasons that TARP did not cost more was because of the government's other more costly bailout policies, and to ignore them is to dramatically understate the true cost of the bailout.

Goldman's CEO Made $125M In Bonuses Over Past Decade

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Lloyd Blankfein, CEO of Goldman Sachs, took home $125 million in cash bonuses over the past decade, Bloomberg reports. Shareholders, however, haven'...

The Terrible Tale of the TARP Two Years Later

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The notion that we would be sitting in a 21st century economy and reduced to barter payments was an invention of the bank lobby to get the taxpayers' money.

William Alden

Bailed-Out Banks Finance 'Legalized Loan Shark' Lenders, Says New Report | William Alden | Posted 05.25.2011 | Business

Big banks that received TARP bailout money are funding payday lenders -- companies Senator Dick Durbin (D - Ill.) termed "bottom feeders" -- and which...

Arthur Delaney

Barney Frank: TARP Recycling Okay If Money Goes To Small Banks | Arthur Delaney | Posted 05.25.2011 | Politics

Now that some bailout recipients have begun sending checks back to the Treasury Department, the question has become: Whose money is that? Deficit haw...

Breaking up Citi and Other Mega-Banks: the Missing Blueprints

Charlie Cray | Posted 05.25.2011 | Business
Charlie Cray

We asked a group of industry experts and watchdogs to tell us if they thought the government should leverage its stake in Citi to break up the bank -- and if so, how? Our new report provides some interesting answers to these fundamental questions.

When a Bank Is too Big to Hide

Sanford D. Horwitt | Posted 05.25.2011 | Business
Sanford D. Horwitt

It may be needlessly costly for a big bank to hide from determined, aggrieved adversaries who hold the moral high ground.

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.

Now Shout It: "I Am an Icelander!"

Phillip Martin | Posted 05.25.2011 | Politics
Phillip Martin

Icelandic rage over the Icesave fiasco differs from the "populism" of the Glenn Beck led right-wing in the U.S in that, while Icelanders are standing up to the banks, they are also standing up for each other.

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.

What Next for Democrats?

Guy T. Saperstein | Posted 05.25.2011 | Politics
Guy T. Saperstein

Democrats need to stop feeling sorry for themselves and stop issuing idiotic statements that they can't "mathematically" do anything. "Mathematics" didn't stop Republicans and there's no reason for Democrats to act paralyzed now.

Wall Street's Latest Ponzi Scheme: Bailout Repayments?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

After a year of holy hell we may be witnessing an economic miracle: Bank of America, so recently on life support, comes up with $45 billion in hard cold cash to repay TARP in less than a year.

Barack Obama Is Doing My Job; Why America Needs Him to Do His

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

When it comes to dealing with Wall Street, President Obama seems to have traded in his position as our economy's commander-in-chief for a different role: pundit-in-chief.

Break Up Goldman Sachs?

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Goldman Sachs and the other major Wall Street institutions are still too big to fail. In fact they are even bigger than before. They should be broken into much smaller entities that are small enough to fail.

Do American Taxpayers Receive Dividends on Repaid TARP Funds?

Ben Arnon | Posted 05.25.2011 | Business
Ben Arnon

I diligently followed the TARP debate and happenings early on. However, at this point there have been so many versions, revisions, and debates about the TARP program that I have lost track.

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.

Elizabeth Warren: Bank Bonuses Leave Me "Speechless"

Posted 05.25.2011 | Business

In a recent interview with Yahoo Tech Ticker's Aaron Task, Elizabeth Warren, chair of the Congressional Oversight Panel, said she was "speechless" ove...

The Case Against Geithner

Dylan Ratigan | Posted 05.25.2011 | Business
Dylan Ratigan

Mr. Geithner, show us the past ten years of AIG emails. A crime has been committed against the American taxpayer and right now you're standing at the door of the crime scene refusing to let anyone in.

How to Make the President's Jobs Plan Work for New York

Kathryn Wylde | Posted 05.25.2011 | New York
Kathryn Wylde

MEMORANDUM TO: New York State Congressional Delegation FROM: Kathryn S. Wylde RE: How to make the President's jobs plan work for New York DATE: Dec...

Executive Pay Cuts? Hold the Standing Ovation

Stuart Whatley | Posted 05.25.2011 | Business
Stuart Whatley

Yes, a quick round of applause for Feinberg for cutting our financial wards' CEO pay. But hold off on the standing ovation; the Obama era does not need a "Mission Accomplished" moment.

Banks Exit Wrath Of TARP | John Gapper | Posted 05.25.2011 | Business

As banks rush out of Tarp to avoid second-guessing from Congress and restrictions on executive pay, little has changed on Wall Street. Bear Stearns an...

Obama Year One: United by Change, Divided by Reform

Jeffrey Feldman | Posted 05.25.2011 | Politics
Jeffrey Feldman

If Obama fails to grasp soon why his idea of reform has alienated key parts of his base -- and if he fails to do something to bridge that divide -- the result could be a full scale mutiny by 2010.