iOS app Android app

Troubled Asset Relief Program

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...

"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.

After TARP Repayments, Banks Are Now 'Free To Fail Again': Steven Pearlstein

washingtonpost.com | 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....

Shahien Nasiripour

Geithner Singled Out In TARP Watchdog's Scathing Report On AIG Bailout

HuffingtonPost.com | 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 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...

What Did TARP Accomplish? Simon Johnson In The NYT

nytimes.com | 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, ...

Daniel Gross: TLGP Wall Street's Forgotten Subsidy

newsweek.com | 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...

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...

"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...

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

HuffingtonPost.com | 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...

Sam Stein

TARP Watchdog To Deliver Harsh Testimony On Treasury's Lack Of Transparency

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP) is set to deliver much anticipated testimony on Tuesday b...

Arthur Delaney

Treasury Earns "C" Average For Bailout Transparency; Previously Flunked

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Earlier this year the Treasury Department earned a big fat "F" from the U.S. Public Interest Research Group for the transparency of the $700 billion f...

Arthur Delaney

TARP Concerns Dog Geithner On The Hill

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

Treasury Secretary Timothy Geithner appeared before a Senate committee Thursday to talk up the Obama administration's proposed reforms for regulation ...

Arthur Delaney

Hatch, Lincoln Introduce Bill To Ban TARP Recycling

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

As ten of the nation's biggest banks gear up to repay $68 billion in taxpayer bailout dollars, Congress is battling the Obama administration over what...

Arthur Delaney

Elijah Cummings: Recycle TARP Fund To Help Homeowners

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

Rep. Elijah Cummings wants to help out-of-work homeowners with the bailout money banks are returning to the government. The Maryland Democrat announce...

Goldman, Banks Cheer Escape From TARP Restrictions

nytimes.com | ERIC DASH | Posted 05.25.2011 | Business

None of the banks' executives crowed publicly, but some of their employees celebrated Tuesday night. At an outdoor cafe on Stone Street, near Goldman'...

TARP Repayments May Not Help Consumers

Jun. 9, 2009 | Colin Barr, Senior Writer | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- Don't expect TARP-free banks to unleash a torrent of loans to cash-strapped consumers. The Treasury Department told ten big b...

Citigroup Bonuses: Bank Pays Millions To London Traders

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

The timing couldn't be better. With the Obama administration readying new compensation guidelines for certain financial companies, Forbes reported Tue...

TARP Repayments Reveal The Weakest Banks

usnews.com | Rick Newman | Posted 05.25.2011 | Business

The government has finally acknowledged something it wanted to keep secret six months ago: Which banks are in the worst financial health. It's now ...

Wall Street Pay: Obama's Changes Set To Be Announced

nytimes.com | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Business

The Obama administration plans to require banks and corporations that have received two rounds of federal bailouts to submit any major executive pay c...

BofA, JPMorgan, Others Raise $19 billion

Yahoo! News | Steve Eder and Jonathan Stempel | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and several other banks said they have raised more than $19 billion as...

Bank Of America's Luxury Hotel

usatoday.com | Posted 05.25.2011 | Business

As Bank of America prepares to start repaying TARP dollars, it's also gearing up to open a new hotel across the street from its corporate headquarters...