Treasury Department

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Bank Bailout Fund: $328 Billion Still Remains

AP | ANNE FLAHERTY | Posted 08.09.2009 | Business

Read More: Tim Geithner, Barney Frank, Treasury Department, Judd Gregg, Bailout Funds, Bailout, Bank Bailout, Government Accountability Office, Business News

WASHINGTON — The government has tens of billions of dollars left in the eye-popping $700 billion bank bailout fund created last fall, prompting ...

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Treasury Announces List Of PPIP Fund Managers

AP | Martin Crutsinger and Daniel Wagner | Posted 08.08.2009 | Business

Read More: Ppip, Public-Private Investment Program, Treasury Department, Rialto Capital Management, Tim Geithner, Alliancebernstein, Treasury Secretary, Business News

WASHINGTON (AP) -- The Treasury Department on Wednesday selected nine large investment managers to operate funds for a long-awaited program to buy tox...

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Mortgage Aid Program Continues to Move Slowly

ProPublica | Posted 07.31.2009 | Business

Read More: Elizabeth Warren, Treasury Department, Chase Bank, Herb Allison, Loan Modification, Housing, Richard Nieman, Foreclosure News, Business News

To date, "over 200,000" of these loan modifications have been offered, according to the Treasury Department. That leaves millions of homeowners waiting their turn.

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Treasury Earns "C" Average For Bailout Transparency; Previously Flunked

HuffingtonPost.com | Arthur Delaney | Posted 07.25.2009 | Business

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

Earlier this year the Treasury Department earned a big fat "F" from the U.S. Public Interest Research Group for the transparency of the $700 billion f...

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Is the Financial and Mortgage Industry Smart Enough to Recognize the Lifeline Obama Has Thrown It?

Howard Glaser | Posted 07.18.2009 | Business

Read More: Larry Kudlow, Community Reinvestment Act, Treasury Department, Alan Greenspan, Subprime Mortgages, Home Ownership, FInancial Markets, Foreclosure News, Business News

A closer look at the Obama plan reveals that the proposed overhaul is, by and large, in the best interests not only of consumers of financial products, but the financial companies themselves.

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Elizabeth Warren's Relationship With The Treasury Is "Rocky"

Time | Sheelah Kolhatkar | Posted 07.14.2009 | Business

Read More: Elizabeth Warren, Treasury Department, TARP Watchdog, Tarp, Business News

Don't let my politeness fool you," says Elizabeth Warren. The Harvard Law professor and head of the congressional panel monitoring the bank bailout ha...

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Executive Pay: Treasury to Set Top Compensation At 7 Companies

nytimes.com | STEPHEN LABATON | Posted 07.12.2009 | Business

Read More: Treasury Department, Wall Street Bailout, Chrysler, Bank of America, Gm, Aig, Gmac, Bailout, Tim Geithner, CEO Compensation, Chrysler Financial, Wall Street Pay, Executive Compensation, Compensation-Rules, Pay Restrictions, Citigroup, Business News

WASHINGTON -- The Obama administration's sweeping new proposal to restrict executive pay is likely to be a humbling exercise for seven of the nation's...

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Citigroup Bonuses: Bank Paying Millions To Attract Talent

The Huffington Post | Ryan McCarthy | Posted 07.10.2009 | Business

Read More: Treasury Department, Citigroup, Executive Compensaton, Bailout, Wall Street Pay, Tim Geithner, Banking Crisis, Stefanos Bitzakidis, Tarp, Rachel Lord, Business News

LONDON -- Treasury Secretary Timothy Geithner is set to unveil his much-anticipated guidelines on investment banking pay this week. But he may be too ...

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Payback's Not a Bitch: 10 TARP Recipients Get Green Light to Repay $68 Billion to Treasury

Jill Schlesinger | Posted 07.10.2009 | Business

Read More: Tarp, Taxpayer Money, Treasury Department, Cpp, Bank Bailout, Bank Stress Tests, Business News

For those who think that the government bailed out Wall Street, you're right and you're wrong. Yes, taxpayers extended a lifeline to ensure that the system didn't collapse, but in the case of these yet-to-be named players, taxpayers made out quite nicely.

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U.S. To Unveil Regulatory Reform Plan June 17: Reuters

Reuters | Karey Wutkowski and Rachelle Younglai | Posted 07.04.2009 | Business

Read More: Treasury Department, Reform, Regulatory Reform, Business News

The Obama administration plans to unveil on June 17 its sweeping plan to overhaul financial regulation, according to a source familiar with thinking a...

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With IMF Money, the War Supplemental Could Fail in the House

Robert Naiman | Posted 07.04.2009 | World

Read More: Treasury Department, Congress, John Boehner, Pakistan, International Monetary Fund, Barney Frank, Afl-Cio, Iraq, Afghanistan, War Supplemental, Foreign Policy, World News

Why would Democrats vote to give $100 billion in U.S. tax dollars to the International Monetary Fund with no effective strings attached?

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Treasury Toxic Asset Program Rife With Conflicts Of Interest

HuffingtonPost.com | Ryan Grim | Posted 07.03.2009 | Business

Read More: Project on Governmental Oversight, Toxic Assets Pogo, Pogo, Treasury Department, Toxic Assets, Legacy Assets, Transparency, Business News

The hiring of private firms to provide "independent" advice to both the Treasury Department and the Federal Reserve raises concerns about potential co...

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Geithner Talks China, Recession, Federal Deficit (VIDEO)

The Huffington Post | Ryan McCarthy | Posted 07.03.2009 | Business

Read More: Treasury Department, GM Bankruptcy, Tim Geithner, Timothy Geithner, Geithner China, Treasury Secretary, Business News

Treasury Secretary Timothy Geithner appeared on CNBC this morning and discussed the GM bankruptcy, economic relations with China, and the ballooning F...

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Obama Near Proposal To Revamp Financial Regulations

nytimes.com | STEPHEN LABATON | Posted 07.02.2009 | Business

Read More: Fdic, Treasury Department, Securities Exchange Commission, Sec, Financial Crisis, Federal Reserve, Financial Rules, Obama Administration, Financial Regulation, Business News

WASHINGTON -- The Obama administration will soon propose a comprehensive plan to expand the authority of the government to seize large troubled compan...

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U.S. Hopes To Recoup GM Investment In 5 Years

Washington Post | Peter Whoriskey | Posted 06.29.2009 | Business

Read More: Treasury Department, GM Bailout, General Motors, Gm, Business News

The United States would recover most of its planned $50 billion investment in General Motors within five years, according to a preliminary Treasury De...

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Obama's Pick For Top Tax Position Withdraws

Bloomberg | Posted 06.29.2009 | Politics

Read More: Treasury Department, Obama-Withdrawal, Tax Policy, Elizabeth Garrett, President Obama, Politics News

Elizabeth Garrett withdrew as President Barack Obama's nominee to be his administration's top tax-policy official, continuing a vacancy at the Treasu...

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Geithner: China Should Decrease Exports

wsj.com | MICHAEL M. PHILLIPS | Posted 06.28.2009 | Business

Read More: Treasury Department, Timothy Geithner Treasury Secretary, Federal Budget Deficit, Hu Jintao, Chinese Economy, Premier Wen Jiabao, Timothy Geithner, Chinese Exports, China, Treasury Secretary, Business News

WASHINGTON -- U.S. Treasury Secretary Timothy Geithner heads to Beijing this weekend to urge Chinese leaders to fundamentally alter the export-oriente...

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GM Borrows Another $4 Billion From Treasury

Yahoo Finance | Posted 06.22.2009 | Business

Read More: Treasury Department, GM Bailout, Gm, General Motors, GM Loans, Business News

General Motors Corp. said Friday that it has borrowed an additional $4 billion from the Treasury Department, meaning the automaker has now accepted $1...

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Geithner's "Incredible" New Justification For Recycling Bailout Money (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 06.22.2009 | Politics

Read More: Tarp, Treasury Department, Tarp Recycling, TARP Money, Tim Geithner, Politics News

Treasury Secretary Timothy Geithner said on Thursday that he has "no plans to request additional funding" for the $700 billion Troubled Asset Relief P...

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Treasury To Lend GMAC At Least $7 Billion More

AP | Posted 06.21.2009 | Business

Read More: Tarp, Detroit Automakers, Auto Bailout, Treasury Department, Chrysler, General Motors, Gm, Auto Loan, Timothy Geithner, Gmac, Detroit Bailout, Business News

NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...

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Geithner Says No Caps On Executive Compensation, Trumpets Gains In Stock Market To Newsweek

HuffingtonPost.com | Arthur Delaney | Posted 06.18.2009 | Politics

Read More: Treasury Department, Timothy Geithner, Tim Geithner, Politics News

Treasury Secretary Timothy Geithner said on Monday that the government has no plans to cap compensation on Wall Street. "I don't think our government...

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Stephanie Cutter To White House For Court Fight

The Fix | Posted 06.17.2009 | Politics

Read More: Treasury Department, Supreme Court, Timothy Geithner, Cutter Leaving Treasury, Stephanie Cutter, Cutter Supreme Court, Politics News

Stephanie Cutter, counselor to Treasury Secretary Timothy Geithner, is leaving that post to join the White House team as it prepares to shepherd Presi...

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Stealth Move in Washington Aims to Get $100 Billion for IMF Without Congressional Debate

Mark Weisbrot | Posted 06.15.2009 | World

Read More: IMF Reform, Treasury Department, Global Economy, Budget, Tim Geithner, International Monetary Fund, Imf, US Congress, Congressional Budget Office, Barack Obama, World News

We are told that poor countries will suffer if the IMF does not get a $108 billion appropriation from Congress immediately. But this is nonsense.

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Short Sales: Treasury Announces New Programs For Distressed Homeowners

HuffingtonPost.com | Arthur Delaney | Posted 06.14.2009 | Business

Read More: Treasury Department, Making Home Affordable, Short Sales, Business News

The Treasury Department on Thursday announced two new programs to help distressed homeowners avoid foreclosure. One program will provide incentives fo...

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Treasury Department Insists It Can Recycle Bailout Money

HuffingtonPost.com | Arthur Delaney | Posted 06.08.2009 | Politics

Read More: Tarp, Bailout, Treasury Department, Troubled Asset Relief Program, Tim Geithner, Politics News

With reporting by Sam Stein The Treasury Department is insisting the law governing the bailout bill gives it a green light to recycle taxpayer bailou...

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