Holiday News| More...
 

Tarp

Auto Bailout Could Leave Taxpayers With Heavy Losses

Ap | Christopher S. Rugaber, AP Economics Writer | Posted 11.09.2009 | Business

Read More: Tarp, Auto Bailout, Taxpayer Losses, Chrysler, Troubled Asset Relief Program, Gm, Ford, Congressional Oversight Panel, Business News

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

Read Whole Story

SIGTARP's Independence Essential to Protect Taxpayers

Rep. Darrell Issa | Posted 10.19.2009 | Politics

Read More: Tarp, Sigtarp Oversight, Oversight, TARP Money, Tarp Funds, Sigtarp, Darrell Issa, Politics News
Rep. Darrell Issa

No matter where Americans fall along the ideological spectrum, everyone should be concerned when federal officials, with extraordinary power over the economy, attempt to limit oversight of their own conduct.

Read Post

The GOP Strategy: Operation Monkeyshit

Ian Gurvitz | Posted 10.19.2009 | Politics

Read More: Tarp, Birthers, Teabaggers, Death Panels, Clinton, 21st Century GI Bill, City, Obama, Tea Parties, Osama Bin Laden, Barack Obama, Republican, Racism, Gop, Health Care, Tea Party, Politics News
Ian Gurvitz

The GOP's goal from the second the president took office was to bring him down. Their sole intention is diminishing the president's popularity and laying the groundwork for the 2010 midterms and 2012 presidential elections.

Read Post

Treasury Retreats From Standoff With TARP Watchdog

The Wall Street Journal | EVAN PEREZ and DEBORAH SOLOMON | Posted 10.18.2009 | Business

Read More: TARP Watchdog, Treasury Department, Grassley, Sigtarp, Timothy Geithner, Chuck Grassley, TARP Repayments, Tarp, Neil Barofsky, Business News

The Treasury Department backed away from a standoff over the independence of the special government watchdog appointed to scrutinize how last year's $...

Read Whole Story

Did The Bailouts Work? Barry Ritholtz On How They Could Have Gone Better

usnews.com | Rick Newman | Posted 10.18.2009 | Business

Read More: Tarp, Rick-Newman, Bailout, Lehman Brothers, Bank of America, Banks, Aig, Financial Crisis, Did the Bailouts Work?, Citigroup, Business News

Did they work? With the financial meltdown finally contained and the Year of the Bailout drawing to a close, we can start to make some meaningful ass...

Read Whole Story

If TARP Was So Smart, Why Are So Many Banks Failing?

Eric Schurenberg | Posted 10.17.2009 | Business

Read More: Fdic, Tarp, Goldman Sachs, Citigroup, Meredith Whitney, JP Morgan, Hank Paulson, TARP Money, Timothy Geithner, Business News
Eric Schurenberg

Things aren't going so well outside the pale of banks too big to fail. The FDIC faces losses of $21 billion from the 84 banks that have gone under so far this year -- more than in all of last year.

Read Post

Matt Taibbi: Why TARP Profit Reports Are Bailout Propaganda

True/Slant | Matt Taibbi | Posted 10.17.2009 | Business

Read More: Tarp, Banks, Matt Taibbi, TARP Profits, Bailout, Business News

It was inevitable that the same people who pushed through the multi-trillion-dollar bailout of Wall Street would come out later on and tell us what a ...

Read Whole Story

Bailed-Out Banks Making Profits -- For Taxpayers

Chris Weigant | Posted 10.16.2009 | Politics

Read More: President Obama, Bail Out, Troubled Asset Relief Program, Obama, Fannie, Taxpayer, Bush, Government, Deficit, Aig, Bailout, General Motors, Insurance, Interest, Toxic Mortgage, Bank, President Bush, Tarp, Wall St, Gm, Budget, Barack Obama, Invest, Executive Compensation, Chrysler, Profits, Profit, Wall Street, Investment, Chris Weigant, Companies, Return, Investment Firms, Freddie, Banks, George W Bush, Auto, Politics News
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.

Read Post

Shahien Nasiripour

Percent Of Money-Losing Banks Set An All-Time High In Second Quarter

HuffingtonPost.com | Shahien Nasiripour | Posted 10.16.2009 | Business

Read More: Bank Losses, Tarp, Banks FDIC, Fdic, Bank Profits, Financial Crisis, Banks, Bank Bailout, Business News

The percent of banks that lost money last quarter set an all-time high, according to the Federal Deposit Insurance Corporation. More than 28 percent ...

Read Whole Story

The U.S. Government Made Money?

Jill Schlesinger | Posted 10.16.2009 | Business

Read More: Tarp, Henry Paulson, Ben Bernanke, Tarp Success, Bank Bailout, Business News
Jill Schlesinger

Whether you believe that Paulson was was a bully or a hero, the results of the initial TARP paybacks must give him some solace.

Read Post

The Economy: Cycling Along With the Training Wheels On

Michael de Portu | Posted 09.28.2009 | Business

Read More: Ppip, Paulson, Deflation, Inflation, Bernanke, Toxic Assets, American Manufacturing, Recession, Tarp, Economy, Greenspan, Greenlaw, Hatzius, Business News
Michael de Portu

Some observers ask whether we are in 1929 or 1932. The good news is that the world is so different today, we are probably in neither. The globe has 6 billion inhabitants with that much more potential for instability.

Read Post

Squandered Honeymoon: How Botched Bailouts Hamper Healthcare Reform

Rob Johnson | Posted 09.27.2009 | Business

Read More: Tarp, Wall Street Bailout, Bailout, TARP Money, Health Care Reform, Health Care, Business News
Rob Johnson

Our president is now in a place, as Martha Reeves once sang, with Nowhere to Run and Nowhere to Hide. Having fumbled on finance, he must show the American people why we elected him, or be at risk of losing his job.

Read Post

The Bonuses and the Damage They Do

Dave Johnson | Posted 09.26.2009 | Business

Read More: Unemployment, Wall Street, Bonuses, Tarp, Recession, Goldman Sachs, JP Morgan, Economy, Main Street, Business News
Dave Johnson

This is a story we know too well: Wall Street vs. Main Street. Irresponsible behavior leads to bonuses for the former while working hard and playing by the rules leads to unemployment and foreclosure for the latter.

Read Post

Bernanke Has Earned A Second Term

Hale "Bonddad" Stewart | Posted 09.25.2009 | Business

Read More: Tarp, Federal Reserve, Ben Bernanke, Ben-Bernanke-Reappointment, Great Depression, Business News
Hale

On September 18 of last year, the U.S. was literally hours away from a financial meltdown. Bernanke was instrumental in preventing it. He should be appointed for another term.

Read Post

Why the Senate Should Confirm Bernanke But Make the Fed More Accountable, Too

Robert Reich | Posted 09.25.2009 | Business

Read More: Tarp, Federal Bailouts, Fed Chairman, Wall Street, Bailout, Fed, Main Street, Fed Chairman Ben Bernanke, Federal Reserve, Ben Bernanke, Barack Obama, Fed Chair Bernake and US Recession, Business News
Robert Reich

If you'd have asked me three months ago whether Bernanke would be confirmed, I'd have said no. Congress (and much of the public) is still furious about the bank bailouts, as well they should be.

Read Post

Citigroup's Asset Guarantees to Be Audited by TARP

bloomberg.com | Posted 09.19.2009 | Business

Read More: Vikram Pandit, Economic Recovery, Tarp-Auditor, Economic Collapse, Citigroup CEO Vikram Pandit, Tarp Funds, Tarp, Recession, Citigroup, Federal Asset Gaurantees, Business News

Citigroup Inc.'s $301 billion of federal asset guarantees, extended by the U.S. last year to help save the bank from collapse, will be audited to calc...

Read Whole Story

America's Japanese-Style Banking Crisis: Billions In Bad Debts

Rolfe Winkler | Posted 09.17.2009 | Business

Read More: Tarp, Banks. Toxic Assets, Federal Reserve, Rolfe Winkler, Japanse-Style Banks, Business News

A banking system loaded down with hundreds of billions of dollars worth of unrecognized bad debt -- Japan in the 1990s? No, it's the United States tod...

Read Whole Story

Benmosche, New AIG CEO Will Get $7M Annual Salary

foxbusiness.com | Posted 09.17.2009 | Business

Read More: Tarp, Aig, American International Group, Robert-Benmosche, Business News

SAN FRANCISCO -- American International Group said Monday that it agreed to pay new Chief Executive Robert Benmosche an annual salary of $7 million. T...

Read Whole Story

From Death Panel to Death Spiral

Jeff Schweitzer | Posted 09.17.2009 | Politics

Read More: Gop, Obama, Health Care, Town Hall Meetings, Republican Party, Financial Collapse, Sex Scandals, Tarp, Town Hall Debate, Free Market Capitalism, Rush Limbaugh, GOP Debate, TARP Money, Healthcare Debate, Whig Party, Habeas Corpus, Obama Hitler, Medicare Bill, Bull-Moose-Party, Bill Oreilly, Religion and Politics, Religious Right, Glenn Beck, Free Market, Medicare, Mark Sanford Affair, Terry Schiavo, Republicans, Politics News
Jeff Schweitzer

The GOP is not the party of small government and lower taxes. They are the Party of borrow and spend, big government and sex scandals.

Read Post

The Triumph of Symbolism over Substance

Tom Morris | Posted 09.12.2009 | Home

Read More: Conventions, Corporate Responsibility, Ceos, Corporate Meetings, Champagne-Misconceptions, Ford-Ceo, Symbolism, Political Debate, Tarp, Corporate Jet, GM CEO, Chrysler CEO, Home News
Tom Morris

To favor symbolism over substance is to allow the proverbial tail to wag the aphoristic dog. And that's never a good idea.

Read Post

Debtor's Revolt?

Marshall Auerback | Posted 09.12.2009 | Business

Read More: Tarp, Bailout, Household Debt, Asset Holdings, Loan Modifications, Securities, Financial Reform, Frank Rich, Richard C. Koo, Post-Bubble Japan, Asset Swaps, Personal Debt, Business News
Marshall Auerback

Once all the TARPs are tidied up and the quarterly profits no longer a revelation, American consumers will still be swaddled in debt. What's to stop them from just walking away from it?

Read Post

Pop Goes The Compensation Bubble

Harry Moroz | Posted 09.12.2009 | Politics

Read More: Cato Institute, Gary Becker, Emergency Economic Stabilization Act, John Boehner, Libertarians, Executive Compensation, Jeff Madrick, Tarp, Politics News
Harry Moroz

Doubts about the federal government's ability -- and willingness -- to reign in excessive executive compensation have persisted since October of last year. Now, the tables have turned.

Read Post

AIG Bailout Enters New Phase -- With "Even More Generous Payments For Some Banks"

New York Times | Posted 09.12.2009 | Business

Read More: Investment Banks, Goldman Sachs, Aig, Wall Street Bailout, Bailout, TARP Money, Tarp, Business News

The bailout of the American International Group has entered another phase -- one that includes even more generous payments for some banks....

Read Whole Story

Elizabeth Warren Talks Toxic Assets On MSNBC (VIDEO)

Posted 09.12.2009 | Business

Read More: Tarp, Geithner, Elizabeth Warren, Toxic Assets, Congressional Oversight Panel, Business News

Elizabeth Warren, the chair of the Congressional Oversight Panel charged with monitoring the bank bailout, appeared on MSNBC this morning to talk toxi...

Read Whole Story

Health Care Ruckus Drives Financial Collapse out of the Headlines

Francine Hardaway | Posted 09.12.2009 | Business

Read More: Obama Health Care Reform, Bank Failure, Elizabeth Warren, Tarp, Morning Joe, Wall Street Bailout, Bailout, Recession, Business News
Francine Hardaway

Let's put our eye back on the ball. Focus on ourselves. Let the banks fail, but the people succeed. Survive the re-set in the economy, which I believe is permanent, by getting in shape.

Read Post