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Tarp

Taxing Wall Street's Bonuses Should Focus On Clawbacks

Raymond J. Learsy | Posted 12.29.2009 | Business

Read More: Goldman Sachs, Aig, Politics, President Obama, Federal Reserve, New York Times, Treasury, Tarp, Sen. Chuck Schumer, Financial Crisis, FInancial Markets, Business News
Raymond J. Learsy

Taxing or reducing this year's Wall Street bonuses is but an irritant for bankers if they can safely hold on to the hundred's of billions paid out over the past few years of fraudulent "banking".

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Board Members Who Skated Away From Financial Failure, Responsibility

New York Times | GRETCHEN MORGENSON | Posted 12.27.2009 | Business

Read More: Tarp, Fdic, Patrick C. Haden, Bank of America, Economy, Robert T. Parry, Thomas P. Gerrity, Wamu, Fannie Mae, William G. Reed Jr., John K. Wulff, Sunoco, Tetra Tech, Hugh M. Grant, Indymac, Financial Crisis, William G. Reed, Paccar, Countrywide Financial, Wall Street, Management, Business News

Directors who were supposedly minding the store as disaster struck at companies like Countrywide Financial, Washington Mutual or Fannie Mae have not a...

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Sarah Palin: Myth And Mythmaking

The New York Review of Books | Jonathan Raban | Posted 12.24.2009 | Books

Read More: Tarp, Economic Crisis, Nyr, Sarah From Alaska, Democrats, Barack Obama, Going Rogue, Bestsellers, Governor Palin, Sarah Palin Going Rogue, Sarah Palin, Financial Crisis, Alaska, Republicans, Books News

"Sarah and Her Tribe", Jonathan Raban New York Review of Books, Forthcoming in the January 14, 2010 issue "Going Rogue: An American Life" by Sarah Pa...

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Treasury's Quiet Directive to Mortgage Servicers to Keep People in Their Homes Must Go Further

Richard H. Neiman | Posted 12.24.2009 | Politics

Read More: Tarp, Foreclosure, Homeowners, Mortgage Servicers, Treasury, Politics News
Richard H. Neiman

The Department of Treasury yesterday took a critical step that many of us have been calling for. But just as critical are the steps that Treasury did not take.

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Congress Is Committed to Creating Jobs on Main Street

Rep. Edolphus Towns | Posted 12.22.2009 | Politics

Read More: Small Business Loans, Tarp, Small Business, American Recovery and Reinvestment Act, Congress, Stimulus Package, Economy, Economic Crisis, Jobs, Politics News
Rep. Edolphus Towns

We still have a way to go until job opportunities are abundant, but my colleagues in Congress and I remain committed to creating jobs, especially in the communities hardest hit by the recession.

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Study: Politically-Connected Banks Were More Likely To Get Bailed Out

Posted 12.22.2009 | Business

Read More: Bailout Study, Bailout, Political Connections Wall Street, Financial Crisis, Tarp Recipients, Big Banks, Wall Street Bailout, Tarp, TARP Conspiracy, TARP Study, Business News

In a finding that is sure to confirm the musings of conspiracy theorists -- or may just prove the obvious to cynics -- a new study details how the fin...

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Community Banks In Trouble? More Bailed-Out Banks Fail To Pay U.S. Dividends

washingtonpost.com | Binyamin Appelbaum | Posted 12.22.2009 | Business

Read More: Treasury Department, Community Banks, Bailed Out Banks, Dividents, Tarp, Small Banks, Business News

A growing number of community banks that got federal bailouts are failing to pay quarterly dividends they owe to the government, including two banks t...

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TARP Repayments Mean Huge Fees For Bailed-Out Banks: Andrew Ross Sorkin

nytimes.com | ANDREW ROSS SORKIN | Posted 12.22.2009 | Business

Read More: Tarp, Treasury Department, Bailout, Troubled Asset Relief Program, Wells Fargo, Bank of America, Banks, Bank Stocks, TARP Repayment, Citigroup, Business News

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...

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Treasury Cover-Up of Goldman's Role in AIG Crisis?

Janet Tavakoli | Posted 12.22.2009 | Politics

Read More: Blackrock, Lloyd Blankfein, Financial Meth Labs, Societe Generale, Calyon, AIG Bailout, Federal Reserve Bank of New York, Fdic, Aig, Goldman Sachs, Stephen Friedman, Henry Paulson, Treasury, Ambac, Abacus 2005-2, Tarp, Davis Square Funding IV, Hot Air Tax, Tourmaline CDO 2005-1, Sca, Politics News
Janet Tavakoli

Goldman paid mega bonuses in past years subsidized by selling hot air. Now it proposes to again pay billions in bonuses based on earnings made possible by taxpayer dollars.

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Taxpayers Help Goldman Sachs Reach Height Of Profit In New Skyscraper

Bloomberg | Posted 12.22.2009 | Business

Read More: Geithner, Goldman Sachs, Investment Banks, 9/11, Obama, Hedge Fund, Headquarters, Pataki, Bonuses Feinberg, Bailout, Treasury, Blankfein, Banks, Liberty Bonds, Tarp, Executive Pay, Business News

In the first six months of 2010, about 6,000 employees of Goldman Sachs Group Inc. will take a break from their spreadsheets and move across the south...

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Do American Taxpayers Receive Dividends on Repaid TARP Funds?

Ben Arnon | Posted 12.21.2009 | Business

Read More: Tarp, TARP Repayments, TARP Money, Usaa, Federal Bailouts, U.S. Economy, U.S. Government, Economics, Money, Economy, Federal Government, Health Care Reform, Health Care, American Taxpayer, Business News
Ben Arnon

I diligently followed the TARP debate and happenings early on. However, at this point there have been so many versions, revisions, and debates about the TARP program that I have lost track.

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Citigroup's Warrants Provide Low Returns For U.S. Taxpayers

bloomberg.com | Posted 12.21.2009 | Business

Read More: Bank of America, JP Morgan Chase, Financial Crisis, Goldman Sachs, Wall Street, Tarp, Citigroup, Business News

Warrants the U.S. holds in Citigroup Inc., once the most valuable bank in the nation, may provide the lowest return for taxpayers who stepped in with ...

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Geithner: TARP Repayments Don't Hurt Bank Lending Ability

Bloomberg | Rebecca Christie | Posted 12.19.2009 | Business

Read More: Tarp, Geithner, Bank of America, TARP Repayments, Economy, Sba, Credit Crisis, Recession, Wells Fargo, Barack Obama, TARP Payments, Treasury, Financial Crisis, Citigroup, Business News

Treasury Secretary Timothy Geithner said U.S. banks aren't hurting their ability to lend as they repay the Troubled Asset Relief Program and back away...

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

BusinessWeek | Bradley Keoun | Posted 12.17.2009 | Business

Read More: Banks Lending, Citigroup, Wall Street, Credit Markets, Banks, Wells Fargo, Troubled Asset Relief Program, Bank of America, Main Street, Obama, Lending, Tarp, Business News

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...

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TARP Has Changed Little On Wall Street: John Gapper

ft.com | John Gapper | Posted 12.17.2009 | Business

Read More: Tarp, Treasury Department, Lehman Brothers, TARP Money, Tim Geithner, Wells Fargo, Citigroup, Business News

As banks rush out of Tarp to avoid second-guessing from Congress and restrictions on executive pay, little has changed on Wall Street. Bear Stearns an...

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Rape of the American Taxpayer

Eric C. Anderson | Posted 12.17.2009 | Politics

Read More: Tarp, Obama Administration, Sovereign Wealth Funds, Taxpayers, Citigroup, Politics News
Eric C. Anderson

I used to have a bumper sticker on my truck that read, "If you are not outraged, you are not paying attention." This sentiment was specifically aimed...

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Wall Street Tells the President of the United States to Bugger Off

Raymond J. Learsy | Posted 12.19.2009 | Business

Read More: Tarp, Lloyd Blankfein, White House, Citigroup, Congress, Amtrak, Washington, President Obama, Richard Parsons, John Mack, Goldman Sachs, Politics, Morgan Stanley, Wall Street, Bailout, Fed, Weather Forecasting, Business News
Raymond J. Learsy

With the nation up in arms about the perversity of pouring billions into the coffers of the banks the symbolism of the three CEO's tone deaf failure to be present in Washington is beyond understanding.

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Brian Moynihan: Bank Of America's New CEO

AP | IEVA M. AUGSTUMS | Posted 12.17.2009 | Business

Read More: Bank of America New CEO, Bank of America, Brian Moynihan, Ken Lewis, Bank of America CEO Search, Tarp, Bofa, Business News

CHARLOTTE, N.C. — In two weeks Brian Moynihan will take on what is sure to be the toughest job of his career: Running the nation's biggest bank....

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Shahien Nasiripour

Citigroup Stock Sale DELAYED By Treasury Department

HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business

Read More: Vikram Pandit, Treasury Department, Citigroup, TARP Repayments, Citigroup Secondary Offering, Troubled Asset Relief Program, Citibank, $C, Citi Stock, IRA Advisory, Tarp, Christopher Whalen, Financial Crisis, Business News

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

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Wall Street Makes Merry With Other People's Money

Dan Collins | Posted 12.16.2009 | New York

Read More: Lloyd Blankfein, Tarp, Executive Pay, Wells Fargo, Afl-Cio, Aig, Pay Czar, Pay Czar Ken Feinberg, Goldman Sachs, Goldman Sachs Bonuses, Commercial Banks, Goldman Sachs Ceo Lloyd Blankfein, Ken Feinberg, Wall Street Bonuses, Executive Compensation, Citigroup, New York News
Dan Collins

There's a good deal of jolliness on Wall Street this holiday season, thanks to the billions of dollars in bonuses that will be stuffed into the stockings of your favorite bankers. It's safe to assume the final tally will be very big.

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Why Are the Banks Not Lending More?

Pat Choate | Posted 12.16.2009 | Business

Read More: Bailout, Wall Street, Banks, Unemployment Insurance, Treasury, Timothy Geithner, Medicaid, Tarp, Capital, Unemployment, Business News
Pat Choate

Our leaders have chosen to shift the burdens onto the U.S. public and refuse to regulate Wall Street. It's almost as if Wall Street owns Washington.

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Shahien Nasiripour

Nation's 4 Biggest Banks Cut Business Lending By $100 Billion Since April

HuffingtonPost.com | Shahien Nasiripour | Posted 12.16.2009 | Business

Read More: Small Business Loans, Tarp, Wall Street Bailout, Small Business, Wells Fargo, Bank of America, Small Business Lending, JPMorgan Chase, Bank Lending, Bailout, Citibank, Financial Crisis, Banks, Citigroup, Business News

While the administration and Congress work to increase bank lending, the nation's four biggest banks have collectively cut their loans to businesses b...

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Fannie, Freddie, Forgotten In Reform Bills, May Ask Government For MORE Money

Huffington Post | Ryan McCarthy | Posted 12.17.2009 | Business

Read More: Tarp, Mortgages, Government Sponsored Entity, Freddie Mac, Fannie Freddie, John Carney, Mortgage Market, Wells Fargo, Fannie Mae, Federal Reserve, Gse, Ben Bernanke, Fannie Freddie Bailout, Citigroup, Business News

Those who assumed that the recent round of TARP repayments by Citigroup and Wells Fargo signaled an end to the bailout era may want to think again. ...

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

washingtonpost.com | Steven Pearlstein | Posted 12.16.2009 | Business

Read More: Tarp, Goldman Sachs, TARP Repayments, Jpmorgan, Troubled Asset Relief Program, Financial Reform, Too Big to Fail, Banks, Steven Pearlstein, Obama, Washington Post, Citigroup, Business News

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....

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Goldman Sachs Traders: Firm's Ethos Fading With Blankfein As CEO

New York Times | JENNY ANDERSON | Posted 12.16.2009 | Home

Read More: Tarp, Bailout, Goldman Sachs, Banks, Lloyd Blankfein, Compensation, Bonuses, Goldman Sachs 14 Principles, Wall Street, Home News

...Current and former Goldman executives say Mr. Blankfein has built a money machine that, while it still values its customers, culture and reputation...

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