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Troubled Asset Relief Program

GM Tax Break Could Be Worth $45 BILLION

Posted 05.25.2011 | Business

DETROIT - General Motors Co (GM.UL) can get a tax break of up to $45 billion as part of its U.S. government-financed restructuring, documents filed wi...

Sam Stein

With Election Over, Lawmakers Comfortable Defending TARP

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

WASHINGTON -- The day after an election is perhaps the moment of greatest candor among the political class, especially when those doing the talking ar...

Treasury Concealed Likely AIG Bailout Loss, Federal Auditor Says

Posted 05.25.2011 | Business

The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group (AIG.N), the New York Times said, cit...

William Alden

Kenneth Feinberg, Former Pay Czar, Admits Contradiction In His TARP Role

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Testifying before the Congressional Oversight Panel on Thursday, Kenneth Feinberg came close to admitting that he had failed in his job as pay czar, s...

Jason Linkins

The Washington Post's TARP Mythmaking, A Recent History

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Media

If any of the TARP banks were to default on their debt, taxpayers would be on the hook. Were that to happen, WaPo's readers would have every right to complain, "But you guys told us that the 'Wall Street bailout' was over!"

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...

Jason Linkins

John Thune Begins Potential 2012 Bid By Skirting TARP Vote

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Politics

In a calmer climate, Senator John Thune (R-S.D.) makes for a credible presidential candidate. However, he carries with him what has turned out to be, in this election cycle, a black mark: He voted for the Troubled Asset Relief Program.

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 Bailout Could Reap Profit For Taxpayers

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The often-criticized $700 billion bailout, known as the Troubled Asset Relief Program, might end up costing taxpayers less than $50 billion, and could...

U.S. Anounces Plan To Sell Some Of Its Citigroup Shares

The Huffington Post | William Alden | Posted 05.25.2011 | Business

The government plans to sell some portion of $2.2 billion worth of Citigroup securities, in the latest effort to repay taxpayers for the public rescue...

AIG Plan To Repay Taxpayers Could Be Finalized Wednesday

The Huffington Post | William Alden | Posted 05.25.2011 | Business

AIG and the U.S. government could finalize a plan as soon as Wednesday to allow the government to give up its ownership in the insurer, according to r...

Elizabeth Warren Was Paid To Be An Expert Witness In Cases Against Bailed-Out Banks

The Huffington Post | William Alden | Posted 05.25.2011 | Business

While acting as a government-appointed bailout watchdog, Elizabeth Warren, whom President Obama appointed this month to lead the creation of the Consu...

Financial Bailout Chief To Resign

Posted 05.25.2011 | Business

WASHINGTON (AP) -- Herb Allison, the head of the government's $700 billion financial bailout program, announced on Wednesday that he would resign. ...

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'...

Ben Bernanke: Wall Street's Servant

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

In spite of knowing exactly what needs to be done, Bernanke and the Fed show no inclination of moving in this direction. Instead, the Fed seems prepared to ignore its legal mandate to promote full employment.

Jason Linkins

Neel Kashkari, TARP Guru, Supports Cutting Entitlements, Citing 'Me-First' Attitude Of Beneficiaries

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Business

Remember Neel Kashkari? Back during the financial crisis, Kashkari sat at the U.S. Treasury's Office of Financial Stability, where he was in charge o...

Sam Stein

TARP Repayments Becoming Troubled Asset For Obama Administration

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

News that banks participating in the Troubled Asset Relief Program would be allowed to repay $68 billion in government funds has sparked a debate amon...

Arthur Delaney

Barney Frank: TARP Recycling Okay If Money Goes To Small Banks

HuffingtonPost.com | 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...

TARP Bailout Cost Now At $109 Billion, Says CBO

CNN Money | Annalyn Censky, Staff Reporter | Posted 05.25.2011 | Business

NEW YORK (CNNMoney.com) -- The government's unprecedented $700 billion economic bailout will actually cost taxpayers just 16% of that total, according...

Making Wall Street Face The Music: Enforcing the Mandate to Affirmatively Further Fair Housing

Lisa Rice | Posted 05.25.2011 | Business
Lisa Rice

The financial services industry must take steps to meet its fair housing obligations. In the past, the industry's policies and practices have worked against fair housing achievements, promoting residential segregation.

Neil Barofsky: 'My Job Is To Be A Pain In The Ass'

New York Magazine | Jessica Pressler | Posted 05.25.2011 | Business

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Shahien Nasiripour

Citigroup Stock Sale DELAYED By Treasury Department

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

The Treasury Department is backing off its plans to help Citigroup free itself from partial government ownership after the markets priced Citi's share...

Elizabeth Warren: Financial Rules 'Literally Don't Work Anymore,' Regulations Should Be 'Clear And Painful'

Posted 05.25.2011 | Business

Elizabeth Warren, a professor at Harvard Law School who has more recently assumed the role of chairwoman of the Congressional Oversight Panel for the ...

TARP Repayments Mean Big Stock Offerings -- And Huge Fees For Bailed-Out Banks: Andrew Ross Sorkin

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

Here's what the post-bailout bonanza means for all the banks that helped find investors for the new shares: Bank of America's $19.3 billion offering g...

Elizabeth Warren New Model For Wall St.: 'If You Can't Explain It, You Can't Sell It'

bloomberg.com | Posted 05.25.2011 | Business

Nov. 19 (Bloomberg) -- In Elizabeth Warren's world, credit card contracts would be so simple a teenager could read and understand them in four minutes...