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Treasury Department

Shahien Nasiripour

Mortgage Loan Modification: More Offers Extended, Fewer Homeowners Accepting -- Are Homeowners Losing Hope?

HuffingtonPost.com | Shahien Nasiripour | Posted 10.09.2009 | Business

Read More: Mortgages, Treasury Department, Loan Modifications, Mortgage Modification, Making Home Affordable, Mortgage Servicers, Behavioral Economics, Home Affordable Modification, Mortgage Crisis, Financial Crisis, Obama Administration, Homeowners, Business News

While the Obama administration and reporters trumpet the fact that the administration is about a month early in reaching its stated goal of modifying ...

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20 GOP Politicians Repeat $1,761 Clean Energy Bill Lie

Josh Nelson | Posted 10.08.2009 | Politics

Read More: Treasury Department, Ed Markey, Waxman-Markey, Senator Murkowski, Senator Inhofe, John Boehner, Senator Wicker, Green, League of Conservation Voters, Joel Pollack, Deniers, Mike Pence, Cbs, Cynthia Lummis, Cap and Trade, Politifact, Nrcc, American Clean Energy and Security Act, Climate Change, Politics News, Wonk Room, Congressional Budget Office, Washington Post, Environmental Defense, John Culberson, Senator Alexander, Oregon GOP, Fred Upton, Represenative Markey, Politics, Roy Blunt, Clean Energy, Mitt Romney, Global Warming, National Republican Congressional Committee, Blaine Leutkemeyer, Politico, Value Voters Summit, Mike Bearn, Politics News
Josh Nelson

For the past few weeks Republicans have latched onto the $1,761 energy tax lie to oppose clean energy legislation.

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Wall Street: Too Big To Regulate

Garrett Johnson | Posted 10.06.2009 | Business

Read More: Wall Street Bailout, Financial Reform, Fdic, White House, Bank of America, Treasury Department, Hank Paulson, Willaim K. Black, Joseph Stiglitz, Nobel, Federal Reserve, Timothy Geithner, Public Private Investment Program, Thomas Hoenig, Sheila Bair, Tarp, Business News
Garrett Johnson

How can the Treasury, White House, and Congress be so tone deaf to calls to stop the massive give-away to the same people who got us into this mess?

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TARP Watchdog's Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 10.05.2009 | Business

Read More: JP Morgan Chase, Tarp, Inspector General, Treasury Department, Geithner, Hank Paulson, Troubled Assets Relief Program, TARP Watchdog, Wells Fargo, Bailouts, Bank of America, Merrill Lynch, Wall Street, Finance, Barofsky, Neil M. Barofsky, Banks, Watchdog, Henry Paulson, Report, Timothy Geithner, Wachovia, Citigroup, Business News

WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

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Government Pays Mortgage Servicers Billions, While Homeowners Suffer

McClatchy Newspapers | Chris Adams | Posted 10.04.2009 | Business

Read More: Treasury Department, Foreclosure Rates, Foreclosure Crisis, Banks, Bank of America, Recession, Mortgage Servicers, Lenders, Saxon Mortgage, Home Affordable Modification Program, CitiFinancial, Mortgage Modification, Unemployment, Foreclosure, HAMP, Gao, Treasury, Citi, Homeowners, Tarp, Economy, Government Accountability Office, Business News

WASHINGTON -- The federal government is engaged in a massive mortgage modification program that's on track to send billions in tax dollars to many of ...

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JPMorgan's Jamie Dimon: Banks Shouldn't Be Too Big To Fail, Except When They Are

bloomberg.com | David Reilly | Posted 11.30.2009 | Business

Read More: Bloomberg, Treasury Department, JPMorgan Chase, Financial Reform, Barney Frank, Too Big to Fail, Banks, David Reilly, Obama Administration, Jamie Dimon, Business News

Sept. 30 (Bloomberg) -- It was surprising to hear JPMorgan Chase & Co. Chief Executive Jamie Dimon say, "It would be a very bad long-term policy error...

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FHA: Federal Housing Authority Low On Cash, High On Leverage

wsj.com | Posted 11.29.2009 | Business

Read More: Freddie Mac, Treasury Department, Fha, Fannie Mae, Economy, Federal Housing Authority, Real Estate, Leverage, Capital Cushions, Uncle Sam, Subrpime, Business News

The Treasury has announced new "capital cushion" requirements for financial institutions to reduce excessive risk and prevent taxpayer bailouts. Seems...

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Simon Johnson: Financial Reform Efforts Entering Crucial Period

washingtonpost.com | Simon Johnson and James Kwak | Posted 11.29.2009 | Business

Read More: Health Care Reform, Financial Crisis, Obama Administration, Treasury Department, Senate Finance Committee, Consumer Financial Protection Agency, Barney Frank, Business News

The next couple of months will be crucial in determining the shape of the financial system for decades to come. And so far, the signs are not encourag...

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State and Local Housing To Get $35 Billion Boost

wsj.com | DEBORAH SOLOMON | Posted 11.28.2009 | Business

Read More: Treasury Department, Mortgage Crisis, Obama Administration, Timothy Geithner, Housing Finance Agencies, Housing Crisis, Treasury Secretary, Business News

WASHINGTON -- The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to ...

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Small Bank Bailouts Under Consideration

AP | DANIEL WAGNER | Posted 11.25.2009 | Business

Read More: Treasury Department, Fdic, Bailout, Small Banks, Federal Deposit Insurance Corp, Business News

WASHINGTON — Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlie...

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"Extremely Unlikely" Taxpayers Will Recoup TARP Money, Watchdog Says

Posted 11.23.2009 | Business

Read More: Treasury Department, TARP Money, Troubled Asset Relief Program, Tarp, Business News

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...

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Treasury Memo Hysteria Shows Media Incapable of Screening Out Junk

David Roberts | Posted 11.21.2009 | Green

Read More: Obama Administration, Allowance Auctions, Cap and Trade, Treasury Department, Glenn Beck, Media, Chris Horner, Climate Change, Cei, Competitive Enterprise Institute, Green News
David Roberts

Last week, a CBS blogger reported a completely and utterly misleading figure on cap-and-trade that spread like wildfire from right-wing blogs, to Glenn Beck, and even the Washington Post.

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Eight GOP Politicians Parrot False $1,761 Talking Point on Costs of Climate Bill

Josh Nelson | Posted 11.21.2009 | Green

Read More: Treasury Department, Waxman-Markey, Senator Murkowski, Senator Inhofe, Fred Upton, John Boehner, Politics, Roy Blunt, Media, Mitt Romney, League of Conservation Voters, Green, Mike Pence, Cbs, Global Warming, Cap and Trade, Politifact, American Clean Energy and Security Act, Climate Change, Political News, Green Living, Wonk Room, Green News, Congressional Budget Office, Politico, Washington Post, Media Criticism, Environmental Defense, Value Voters Summit, Senator Alexander, Deniers, Green News
Josh Nelson

When your position is based on ignoring science to prop up polluting industries -- as is the case for many Republican politicians -- you have little choice but to cite misleading statistics to make your point.

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Obama Admin Seeks More Regulation Of Industrial Banks

New York Times | Eric Lipton | Posted 11.16.2009 | Business

Read More: Federal Reserve, Niche Banks, Industrial Banks, Tim Geithner, Treasury Department, Business News

Generations ago, industrialists and financiers extracted fortunes from the copper and gold mines dug into the canyons near here. Now, their modern-day...

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Four Questions About Obama's Financial Reforms

Eric Schurenberg | Posted 11.14.2009 | Business

Read More: Treasury Department, Sec, Bernie Madoff, Financial Reform, Financial Regulation, Business News
Eric Schurenberg

Pitting bureaucrats on government salaries against the most highly compensated people in the U.S. is a bit like sending cops with .38s onto the street against gangs armed with automatic weapons.

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Chairman of Gazprom Predicts $100 Oil Because of Speculation. Speculation, Really?

Raymond J. Learsy | Posted 11.14.2009 | Business

Read More: Energy, Treasury Department, World, Opec, Trading Exchanges, Speculation, Cftc, Gazprom, Bank Holding Companies, Alexei Miller, State Deoartment, Oil, Russia, Manipulation, Natural Gas, Commerce Department, Philip Verleger, Donald Marron, Green Energy, Cnbc, NY Mercantile Exchange, Business News
Raymond J. Learsy

"Manipulation" is immeasurably more sinister than "Speculation." It bespeaks of controlling, orchestrating and maneuvering to falsify and rig.

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Vanity Fair: Henry Paulson's Longest Night

Vanity Fair | Posted 11.12.2009 | Business

Read More: Henry Paulson, Treasury Department, Economic Stimulus Package, Henry Paulson Wall Street, Pres, Secretary of Treasury, Business News

It was February 2008, and Henry M. Paulson Jr., a prince of Wall Street turned secretary of the Treasury, was reflecting on his biggest achievement to...

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Bailed-Out Firm's New Expense Rules: $4 In-Flight Movie? You're On Your Own

washingtonpost.com | Tomoeh Murakami Tse | Posted 11.12.2009 | Business

Read More: Tarp, Bailed-Out Firms Expenses, Merrill Lynch, Bailed-Out Firms, Chrysler Financial, NBRS Financial, Treasury Department, Business, Wall Street, Business News

Chrysler Financial employees traveling on business can no longer be reimbursed for lunch on trips that don't require an overnight stay. If flying on b...

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Treasury Backs Down In Clash With Bailout Watchdog

AP | JIM KUHNHENN | Posted 10.19.2009 | Politics

Read More: Treasury Department, Senate Finance Committee, Chuck Grassley, Obama Administration, Neil Barofsky, Max Baucus, Justice Department, Sigtarp, Transparency, Politics News

WASHINGTON — The Treasury Department has decided not to challenge the independence of the government watchdog agency that Congress created to ov...

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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 $...

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U.S. Sees A Profit As Big Banks Repay Bailout Money

AP | ZACHERY KOUWE | Posted 09.30.2009 | Business

Read More: Treasury Department, Banks, Bailout Profit, Profit, Bailout Money, Bailout, Business News

WASHINGTON — The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's ...

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Should the United States Worry About the Dollar?

Georges Ugeux | Posted 09.26.2009 | Business

Read More: International Trade, Dollar Value, Treasury Department, Japan, China, Dollar, Business News
Georges Ugeux

By not including the dollar in its international strategy and leadership, the U.S. misses out on an important way to create solidarity and loyalty among trade partners, and fair treatment for creditors.

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From Bank of America, Two Different Stories About Tracking Bailout Funds

Huffington Post Investigative Fund | Ben Protess | Posted 09.25.2009 | Business

Read More: Citi, Treasury Department, Citigroup, Finance, Bank of America and Treasury Department, Banks, SEC and Bank of America, Wall Street Bailout, Bailout, Huffington Post Investigative Fund, Bank of America, Merrill Lynch, Ken Lewis, Bank of America Statement, Bofa, House Financial Services Committee, Business News

Is Bank of America, the nation's largest bank, tracking how it spends $45 billion in taxpayer funds? That depends on which Bank of America statement ...

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Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 09.11.2009 | Business

Read More: Tarp, Robert Scheer, Treasury Department, TARP Money, Merrill Lynch Bonuses, Economy, Merrill Lynch Buyout, Bank of America, Obama Administration, BofA Bonuses, Bofa, Judge Jed Rakoff, BofA CEO, Merrill Lynch, Wall Street, Merrill BofA, Merrill Lynch Bank of America, Sec, Securities and Exchange Commission, Wall Street Bonuses, Business News
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?

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Weekly Audit: Fixing the Foreclosure Problem

The Media Consortium | Posted 09.11.2009 | Business

Read More: Loan, American Prospect, Dick Durbin, Bankruptcy, Economy, Washington Monthly, Labor Department, Colorado Independent, Salon, Labor Cash for Clunkers, Weekly Audit, Unemployment, Michigan Messenger, The Media Consortium, Mother Jones, Zach Carter, Treasury Department, Labor Market, Foreclosure, Wall Street, Tmc, Housing Crisis, Business News
The Media Consortium

The U.S. job market may be showing signs of life, but the scenario isn't really so rosy, as our government has yet to relieve the foreclosure pandemic.

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