Tarp

Bank of America to repay TARP, raise cash

AP | SARA LEPRO | Posted 12.02.2009 | Business


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 ...

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

David Fiderer | Posted 12.02.2009 | Business


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.

Ryan Grim

GOP: Use Unspent Stimulus For War

HuffingtonPost.com | Ryan Grim | Posted 12.01.2009 | Politics


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...

Ryan Grim

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

HuffingtonPost.com | Ryan Grim | Posted 12.01.2009 | Business


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

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

Georges Ugeux | Posted 12.01.2009 | Business


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.

Still Doing God's Work On Wall Street

Robert Scheer | Posted 11.25.2009 | Business


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.

Goldman Sachs Responds To The New York Times

Janet Tavakoli | Posted 11.25.2009 | Business


Janet Tavakoli

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

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

AP | JIM KUHNHENN | Posted 11.24.2009 | 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...

Knocking Down The Biggest Excuse For The Bailout

Cenk Uygur | Posted 11.24.2009 | Politics


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.

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

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


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...

IMF Exec: Another Bailout would 'threaten democracy'

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

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

New York Times | GRETCHEN MORGENSON | Posted 11.22.2009 | Business


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...

Where Are The Shareholders?

Norman Goldman | Posted 11.20.2009 | Business


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.

Clinton's Cash for Caulkers? Not enough Economic Insulation

Les Leopold | Posted 11.19.2009 | Business


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.

TARP Program Could Be Extended: Washington Post

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


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...

What Did TARP Accomplish? Simon Johnson In The NYT

nytimes.com | SIMON JOHNSON | Posted 11.19.2009 | 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, ...

Arthur Delaney

Audit The Fed Effort Wins Support From An Unusual Coalition

HuffingtonPost.com | Arthur Delaney | Posted 11.19.2009 | Business


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

The Sorcerer's Apprentice: Geithner Should Step Down

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


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.

Dems Want Unspent TARP Funds For Main Street Bailout

Posted 11.18.2009 | Politics


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...

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


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...

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

Posted 11.16.2009 | Business


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...

The End of 'Too Big to Fail'

Rep. Paul Kanjorski | Posted 11.13.2009 | Business


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.

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

Georges Ugeux | Posted 11.13.2009 | Politics


Georges Ugeux

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

TARP Fraud Probes Have Tripled Since April, Says Watchdog

Huffington Post | Marcus Baram | Posted 11.13.2009 | Business


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

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

washingtonpost.com | Jamie Dimon | Posted 11.13.2009 | Business


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...