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Tarp

Bank of America to repay TARP, raise cash

AP | SARA LEPRO | Posted 12.02.2009 | Business

Read More: Tarp, Bailout, Economic Crisis, Bank of America, Financial Crisis, Bank of America Repays Tarp, Bank Bailout, Tarp Funds, Boa, Business News

NEW YORK — Bank of America Corp. said Wednesday it plans to repay its $45 billion in government bailout funds in the next few days, a move that ...

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Why Obama Won't Do What's Needed to Deal With the Mortgage Crisis

David Fiderer | Posted 12.02.2009 | Business

Read More: Tarp, Mortgages, Wall Street Bailout, Mortgage Relief, California, Cnbc, Mortgage Crisis, Rick Santelli, Banks, Financial Crisis, Nevada, Arizona, Santelli's Chicago Tea Party, Personal Finance, Housing Market, Economy, Economic Crisis, Real Estate, Housing Crisis, Deficit, Federal Budget Deficit, Business News
David Fiderer

In places like Phoenix, 54% of homeowners with mortgages have negative equity. That's about half a million underwater mortgages, more than the combined totals in Texas and New York state, where 10 times as many people live.

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Ryan Grim

GOP: Use Unspent Stimulus For War

HuffingtonPost.com | Ryan Grim | Posted 12.01.2009 | Politics

Read More: Tarp, Afghanistan War, Afghanistan, Gop, Politics News

As some Democrats consider raising taxes to pay for President Obama's escalation of the now-eight-year-old war in Afghanistan, the opposition party ha...

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Ryan Grim

Dem Senator Hits White House For Dragging Feet On Small Business Lending

HuffingtonPost.com | Ryan Grim | Posted 12.01.2009 | Business

Read More: Small Business Loans, Small Business, Bailout, Tarp, Small Business Administration, Business News

Sen. Mark Warner (D-Va.) expressed frustration Tuesday with how slowly the Obama administration is helping small businesses crunched by the financial ...

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Why Ben Bernanke Should Not be Confirmed, and the Fed Should Keep its Autonomy

Georges Ugeux | Posted 12.01.2009 | Business

Read More: Sub-Prime, Tarp, Democrat, Congress, President Barack Obama, Ron Paul, Congressional Oversight, Republican, Economists, Central Banks, Federal Reserve, Ben Bernanke, Alan Greenspan, Paul Volcker, Business News
Georges Ugeux

One of the casualties of this crisis is the capacity of economists to read the signs and launch warning signals. While Ben Bernanke understands economics and numbers, he lacks the necessary instincts.

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Still Doing God's Work On Wall Street

Robert Scheer | Posted 11.25.2009 | Business

Read More: Robert Scheer, Tarp, Treasury Secretary, Timothy Geithner, Goldman Sachs, Clinton, Lawrence Summers, Aig, Lloyd Blankfein, Business News
Robert Scheer

Why is Summers once again running the show with Geithner when both have made careers of exhibiting total contempt for the public interest? Because there's no accountability for the high rollers of finance.

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Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 11.25.2009 | Business

Read More: Socgen, President of the New York Federal Reserve, Timothy Geithner Treasury Secretary, TARP Watchdog, Calyon, Backdoor Bailout, Cdos, The New York Times, Sigtarp, A.I.G., Federal Reserve Bank of New York, Wachovia, Neil Barofsky, Bank of America, Merrill Lynch, Goldman Sachs, David Viniar, Bank of Montreal, Gretchen Morgenson, Credit Derivatives, Lehman, Timothy Geithner, A.I.G. Bailout, Frbny, Lucas Van Praag, Tarp, Lloyd Blankfein Apology, Business News
Janet Tavakoli

Did Goldman Sachs dissemble and equivocate in its responses to the New York Times?

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Faced With Strong Banks And Weak Credit Markets, Treasury May Be Rethinking TARP

AP | JIM KUHNHENN | Posted 11.24.2009 | Business

Read More: Tarp, Finanical-Crisis, Treasury Department, Credit, Bailout, Wall Street, Lending, Tim Geithner, Troubled Asset Relief Program, Gm, Banks, Consumer Spending, Credit Markets, Recession, Business News

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

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Knocking Down The Biggest Excuse For The Bailout

Cenk Uygur | Posted 11.24.2009 | Politics

Read More: Tarp, Aig, Goldman Sachs, Neil Barofsky, Inspector General, Bailout, Tim Geithner, Politics News
Cenk Uygur

If the Obama team wants to earn back some goodwill concerning the banks, they have to do better than the lame excuse of "we had to do it." They didn't have to do it this way. There were many other possibilities.

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Fed Said to Ask Stress-Tested Banks to Submit TARP Repayment Plans

Bloomberg | By Scott Lanman and Craig Torres | Posted 11.24.2009 | Business

Read More: Tarp, Geithner, Repayment Plan, Stress Tests, Goldman Sachs, Bank of America, Paulson, Timeline, Regions Financial, Gmac, Wells Fargo, Fdic, Failed Banks, Toxic Asset Relief Plan, Fed, TARP Repayment, Treasury, Banks, Financial Crisis, Citigroup, Business News

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital inje...

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IMF Exec: Another Bailout would 'threaten democracy'

Times Online | Angela Jameson and Elizabeth Judge | Posted 11.23.2009 | Business

Read More: Dominque Strauss-Kahn, Bailout, Troubled Asset Relief Program, International Monetary Fund, Main Street, Imf, Financial Crisis, Tarp, Bailout Threatens Democracy, Business News

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

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Revisiting The Fed's Bailout Of AIG And The Benefits For Goldman Sachs

New York Times | GRETCHEN MORGENSON | Posted 11.22.2009 | Business

Read More: Tarp, Barofsky Tarp Report, Getihner, Goldman Sachs, Tarp Report, AIG Bailout, Neil Barofsky, Goldman, Taxpayers, The Fed, Aig, Bailout, Fed, New York Fed, Treasury, Bernanke, Hedge, Financial Crisis, Hank Paulson, Business News

A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, p...

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Where Are The Shareholders?

Norman Goldman | Posted 11.20.2009 | Business

Read More: Say on Pay, Gramm, Tort Reform, Bailout, Wall Street, Corporation, Shareholder, Congress, Bonuses, Tarp, Business News
Norman Goldman

We need corporate reform by way of requiring all shareholders to approve all pay of all executives at all publicly traded corporations. Only then will this looting insanity end.

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Clinton's Cash for Caulkers? Not enough Economic Insulation

Les Leopold | Posted 11.19.2009 | Business

Read More: Tarp, Energy, Goldman Sachs, Bill Clinton, Unemployment, Bailout, Weatherization, Economic Crisis, Financial Crisis, Jobs, Business News
Les Leopold

Weatherization should be the Democrats' dream program. In one fell swoop you create jobs, reduce living expenses, improve national energy security, enhance business profitability and confront global warming.

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TARP Program Could Be Extended: Washington Post

washingtonpost.com | David Cho, Michael D. Shear and Lori Montgomery | Posted 11.19.2009 | Business

Read More: White House, Bailout, TARP Extension, Deficit, Tarp, Business News

The Obama administration is poised to extend the life of the highly unpopular $700 billion financial bailout and, to display a commitment to fiscal re...

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What Did TARP Accomplish? Simon Johnson In The NYT

nytimes.com | SIMON JOHNSON | Posted 11.19.2009 | Business

Read More: Tarp, Did TARP Work?, What Did TARP Accomplish, Bailout, Lehman Brothers, Troubled Asset Relief Program, Tim Geithner, Financial Crisis, Aig, Henry Paulson, Federal Reserve, Simon Johnson, Business News

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

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Arthur Delaney

Audit The Fed Effort Wins Support From An Unusual Coalition

HuffingtonPost.com | Arthur Delaney | Posted 11.19.2009 | Business

Read More: Tarp, Max Bauchus, Watt Amendment, Frank, Barney Frank, Aig, Alan Grayson, Lobbyblog, Barney, Rob Johnson, Mel Watt, Audit the Fed, Dean Baker, House Financial Services Committee, Business News

An unusual coalition of progressive economists, labor leaders, and bloggers has decided to fight back against a congressional amendment that would all...

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The Sorcerer's Apprentice: Geithner Should Step Down

Linda R. Monk, J.D. | Posted 11.18.2009 | Business

Read More: Tarp, Politics, Breaking Politics News, Timothy Geithner, Business, Tim Geithner, Business News
Linda R. Monk, J.D.

Geithner's problem is not that he is by nature a corrupt man. It's that he is steeped in the Wall Street way of doing business, which itself is riddled with fraud -- and billions of taxpayer dollars are at stake.

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Dems Want Unspent TARP Funds For Main Street Bailout

Posted 11.18.2009 | Politics

Read More: Small Business Loans, Wall Street Bailout, Recovery, Congress, Unused Tarp Money, Federal Deficit, Leftover Tarp Funds, Peter DeFazio, Jobs, Homeowners, Obama, Democrats, Defazio, Main Street, Barney Frank, House, Deficit, Earl Blumenauer, Senate, Unemployment, White House, Financial Crisis, Extra Tarp Money, Bank Bailout, Leftover Tarp Money, Tarp, Republicans, Politics News

Democrats in Congress want to use unspent TARP funds to support homeowners and struggling workers, according to The Hill. More than half of the Democ...

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Shahien Nasiripour

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

HuffingtonPost.com | Shahien Nasiripour | Posted 11.17.2009 | Business

Read More: Tarp, Wells Fargo, Troubled Asset Relief Program, Bank of America, Federal Reserve, Neil Barofsky, Aig, American International Group, Federal Reserve Bank of New York, Merrill Lynch, Goldman Sachs, Bailout, Tim Geithner, Financial Crisis, Wachovia, Sigtarp, Business News

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...

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TARP Failures Keep Taxpayers On The Hook; 33 Companies Miss Payment

Posted 11.16.2009 | Business

Read More: Tarp, White House, TARP Money, Lending, Economy, Bailouts, Regulation, Obama, Taxpayers, Recession, Wall Street, Bailout, Fed, Treasury, Banks, Citigroup, Cit, Business News

According to The Washington Post, 33 companies that received a portion of TARP's $700 billion have not paid the federal government their most recent d...

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The End of 'Too Big to Fail'

Rep. Paul Kanjorski | Posted 11.13.2009 | Business

Read More: Tarp, Wall Street Bailout, Bailout, Paul Kanjorski, Wall Street, Financial Reform, Too Big to Fail, Financial Crisis, Financial Regulation, Business News
Rep. Paul Kanjorski

The economic meltdown we narrowly averted last year rightfully convinced the American people that we need to re-examine the fundamental structure of our financial system. Naturally, Wall Street disagrees.

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Why Sen. Dodd's Opposition to the Federal Reserve is Ill-Conceived

Georges Ugeux | Posted 11.13.2009 | Politics

Read More: Tarp, John McCain, Congress, Fdic, Hank Paulson, Liquidity, International Monetary Fund, Financial Reform, Senate Banking Committee, Ben Bernake, Federal Reserve, Monetary Policy, Chris Dodd, Democrats, European Central Bank, Frankfurt, Bank for International Settlements, Senate, Forum of Financial Stability, Treasury, Washington, Comptroller of the Currency, Central Banks, Sec, Global-Financial-Markets, Us, Sheila Bair, Republicans, Politics News
Georges Ugeux

Had Senate Banking Committee's Chairman Chris Dodd's proposal been effective before the crisis, where would we be today?

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TARP Fraud Probes Have Tripled Since April, Says Watchdog

Huffington Post | Marcus Baram | Posted 11.13.2009 | Business

Read More: TARP Crimes, TARP Fraud, Bailout Fraud, TARP Watchdog, Barofsky TARP, Bailout Crime, Tarp, Neil Barofsky, FBI Bailout Funds, Business News

The watchdog charged with policing the massive government bailout says that he's conducting 65 investigations of possible fraud in the program, more t...

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Jamie Dimon, JPMorgan Chase CEO: Mega-Banks Should Be Allowed To Fail -- The Right Way

washingtonpost.com | Jamie Dimon | Posted 11.13.2009 | Business

Read More: Tarp, Bank Failure, JPMorgan Chase, Resolution-Authority, Bailout, Too Big to Fail, Banks, Federal Reserve, Jamie Dimon, Fiscal Policy, Business News

Our company, J.P. Morgan Chase, employs more than 220,000 people, serves well over 100 million customers, lends hundreds of millions of dollars each d...

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