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Troubled Asset Relief Program

TARP Bailout Cost Now At $109 Billion, Says CBO

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

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

Charles Antonucci: Ex-Park Avenue Bank Chief First To Be Charged With Stealing Bailout Funds

AP | LARRY NEUMEISTER | Posted 05.25.2011 | Business

NEW YORK — The former president of a small Manhattan community bank on Monday became the first person accused of trying to defraud the federal b...

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


TARP Watchdog Neil Barofsky: Government Bailout Has Increased Risk Of Economic Crisis

AP | DANIEL WAGNER and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the futu...

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

Treasury Rethinks TARP: Strong Banks, Weak Credit

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue th...

Shahien Nasiripour

Geithner Singled Out In TARP Watchdog's Scathing Report On AIG Bailout | Shahien Nasiripour | Posted 05.25.2011 | Business

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nat...

After TARP Repayments, Banks Are Now 'Free To Fail Again': Steven Pearlstein | Steven Pearlstein | Posted 05.25.2011 | Business

As far as I can tell, top administration officials are fixated on voter rage over bank bailouts and the resulting hit to the president's poll ratings....

What Did TARP Accomplish? Simon Johnson In The NYT | SIMON JOHNSON | Posted 05.25.2011 | Business

Here is my assessment. In late September 2008, Treasury Secretary Henry S. Paulson asked Congress for $700 billion to buy toxic assets from banks, ...

After TARP Exits, Obama Searching For New Ways To Boost Credit

BusinessWeek | Bradley Keoun | Posted 05.25.2011 | Business

It will take more than a guilt trip to boost credit. With Citigroup (C) and Wells Fargo (WFC) joining JPMorgan Chase (JPM) and Bank of America (BAC) i...

IMF: Another Bailout would 'threaten democracy'

Times Online | Angela Jameson and Elizabeth Judge | Posted 05.25.2011 | Business

Dominique Strauss-Kahn told the CBI annual conference of business leaders that another huge call on public finances by the financial services sector w...

White House Looking To Cut Deficit With Extra TARP Cash | By DEBORAH SOLOMON and JONATHAN WEISMAN | Posted 05.25.2011 | Politics

The Obama administration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal r...

Daniel Gross: TLGP Wall Street's Forgotten Subsidy | Daniel Gross | Posted 05.25.2011 | Business

But the big American banks aren't nearly so independent as they would have us believe. JPMorgan Chase, Goldman Sachs, and their peers are still benefi...

Citigroup, Wells Fargo Clash With Government Over TARP Repayment

AP | STEVENSON JACOBS and DANIEL WAGNER | Posted 05.25.2011 | Business

NEW YORK — Citigroup Inc. and Wells Fargo & Co. are seeking to repay billions in federal bailout aid but so far haven't received permission from...

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 ...

Shahien Nasiripour

Citigroup Stock Sale DELAYED By Treasury Department | 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 New Model For Wall St.: 'If You Can't Explain It, You Can't Sell It' | 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...

"TARP on Steroids"

David Sirota | Posted 05.25.2011 | Politics
David Sirota

The Obama administration, far from backing off or restricting TARP, is quietly moving forward a plan to create an even bigger, more permanent TARP.

"Extremely Unlikely" Taxpayers Will Recoup TARP Money, Watchdog Says

Posted 05.25.2011 | Business

As ABC news reported last night, the special inspector of the government's $700 billion TARP program said in prepared testimony that the chances of ta...

Auto Bailout Could Leave Taxpayers With Heavy Losses

Ap | Christopher S. Rugaber, AP Economics Writer | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight pan...

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Money wasn't just "given" to Wall Street firms. It bought something of value. And now that the firms (and the market in general) are recovering, they're starting to pay it back. With interest.

AFSCME Urges Say-on-Pay for Shareholders

Gerald McEntee | Posted 05.25.2011 | Politics
Gerald McEntee

A key step to fixing our economy is making sure that the interests of shareholders and stakeholders are considered in corporate board rooms.

Should Closed Car Dealers Be Re-Opened by Congress?

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Dealers say that automakers will save little -- if anything -- from closing outlets.

Sam Stein

White House: TARP Money Might Not Be Traceable | Sam Stein | Posted 05.25.2011 | Politics

The White House is downplaying a government watchdog's harsh assessment about the lack of transparency in the financial industry bailouts by arguing t...