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Troubled Assets Relief Program

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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Arthur Delaney

Holder: Justice Department Will Look Into TARP Recycling

HuffingtonPost.com | Arthur Delaney | Posted 06.15.2009 | Politics

Read More: Tarp, Brad Sherman, Troubled Assets Relief Program, Tarp Recycling, Capital Purchase Program, Eric Holder, Politics News

Toward the end of a long House Judiciary Committee hearing with Attorney General Eric Holder, Rep. Brad Sherman said he'd heard enough about torture a...

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Implications of the Bank Stress Tests

Douglas J. Elliott | Posted 06.12.2009 | Business

Read More: Tarp, Stress Tests, Troubled Assets Relief Program, Banking Bailout, Troubled Asset Relief Program, Banking, Banking Crisis, Financial Crisis, Imf, Banking Industry, Banking System, Troubled Banks, Business News
Douglas J. Elliott

The financial "stress tests" on the big banks gave us good news: they "only" need $75 billion of new capital. That's a lot of money, but much less than many of us feared.

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A Couple of Million Jobs at Stake

Mitchell Beer | Posted 04.10.2009 | Politics

Read More: Aig, Sen. John Kerry, CEO Pay, Ceos, Wells Fargo, Troubled Assets Relief Program, Canada, United Nations World Tourism Organization, Northern Trust Bank, Senator Kerry, Politics News
Mitchell Beer

Out of 671,000 corporate meetings, only 12,000 -- less than 1.8 percent -- were the kind of incentive programs that drew Sen. Kerry's negative attention.

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TARP Recipients Testifying For Congressmen They Bankrolled

Open Secrets | Posted 03.14.2009 | Politics

Read More: Tarp, Troubled Assets Relief Program, Spence Bachus, TARP Money, Melvin Watt, Wells Fargo, Barney Frank, Bank of America, Campaign Donations, Goldman Sachs, JPMorgan Chase, Jim Himes, Morgan Stanley, Bank of New York Mellon, State Street Corporation, House Financial Services Committee, Citigroup, Politics News

The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout f...

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Bottom Line: 2008 Car/Truck Sales Probably Worst Since 1974

Steve Parker | Posted 02.03.2009 | Business

Read More: Ebay, Treasury Department, Porsche, Automotive News, Paris Dakar Rally, Wall Street Bailout, Congress, Hank Paulson, Troubled Assets Relief Program, Chrysler, Ford Mustang, Detroit Lions, Cars, Detroit News, Ford, Highland Park, Supercharger, Dodge Durango Hybrid, General Motors, Chad Hall, Dodge Challenger, Chrysler EVs, Chevy Cobalt, 1974 Oil Embargo, Detroit, Carroll Shelby, Off-Road, Baja 1000, Porsche Panamera, Detroit Bailout, Chrysler Aspen Hybrid, Pickups, FICO Score, Chevy Cruze, Minivan, Hilton Hotels, Nascar, Detroit Three, Gm, Robby Gordon, Mexico, Washington DC, Daewoo, Rod Hall, Tokyo, Gmac, TARP and Auto Bailout, Seoul, Detroit Three Loans, San Jose Del Cabo, Hummer Sale, gt500, Darpa, Stuttgart, SUV Sales, Detroit Auto Show, Business News
Steve Parker

The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.

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Some Good -- and Fun -- Automotive News for the Holidaze

Steve Parker | Posted 01.24.2009 | Business

Read More: Cell Phones, Tarp, Automotive News, Good Sam Club, Chevy Volt, Troubled Assets Relief Program, Tata Motors, Honda Accord, Rose Parade Committee, Chrysler, Rick Wagoner, Honda, Federal Reserve, Cars, F1, The Oscars, Ford, FCX Clarity, General Motors Acceptance Corporation, Gmac, Representative Sandy Levin, Senator Carl Levin, Jean Shepherd, General Motors, Japanese Cars, Suburban, Hyundai, Christmas, Pasadena Rose Parade, Nobuhiko Kawamoto, GMAC Bailout, Jaguar, Hyundai Excel, Toyota, Chevrolet, Washington DC, American Honda, Land Rover, Red Ryder Bb Gun, Floorplanning, Formula One, Chevrolet Cruze, Asimo, Daisy Red Ryder Bb Gun, Landline Phones, Rolls-Royce Phantom, Honda Super Cub, Pasadena, Santa Claus, Subaru, Hawaii, Business News
Steve Parker

Really wish there were better news to post about, but the auto industry is reeling worldwide, and there's no better example than Toyota.

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Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 01.19.2009 | Business

Read More: Tarp, Automotive News, Msnbc, Wall Street Bailout, Union-Busting, Troubled Assets Relief Program, Chrysler, Right to Work, United Auto Workers, Rick Wagoner, Honda, Cars, Detroit News, Ford, Automaker Viability Plan, Auto Bailout, GM VP CFO Ray Young, General Motors, Richard Shelby, Two-Tier Pay, Chrysler Viability Plan, President Bush, Foreign Transplant Factories, Ford Viability Plan, Detroit Bailout, Bob Nardelli, Automaker Bailout, Uaw, Robert Reich, Managed Bankruptcy, Default Car Czar, Alan Mulally, Detroit Three, GM Viability Plan, Clinton Administration, Barack Obama, Rachel Maddow Show, Alabama, Asimo, Bush Administration, Wall Street, Detroit Three Loans, Auto Supplier Companies, Big Three Viability Plan, Secretary of Labor Reich, Henry Paulson, Car Czar, Treasury Secretary, Jobs, Unemployment, Labor Unions, Detroit Bailout Reaction, Unions, Business News
Steve Parker

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

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White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 01.18.2009 | Business

Read More: Toyota Camry, Chapter 11, White House, Thailand, Troubled Assets Relief Program, Flint, Chrysler, Rick Wagoner, United Auto Workers, Cars, Detroit News, Arizona, Facebook, Ford, Detroit Newspapers, Key Plastics, Los Angeles Auto Show, Mark Fields, Southern California, Larry King, Daewoo Lacetti, General Motors, Japanese Cars, Ford Flex, President Bush, Carl Levin, President-Elect Barack Obama, China Brilliance, Uaw, Bankruptcy, Gm, Minivan, Alan Mulally, Special Devices, Detroit Three, Gran Torino, Detroit Free Press, Washington DC, Sandy Levin, Clint Eastwood, Chevrolet Volt, Chevrolet Cruze, Bill Ford, TARP and Auto Bailout, Henry Ford, Detroit Three Loans, South Korea, European Cars, Henry Paulson, Sabic, Detroit Bailout, Automaker Bailout, Detroit, Big Three Automakers, Detroit Automakers, Unions, Auto Industry, Automakers, Jobs, Bailout, Unemployment, The Big 3, Labor Unions, Detroit Bailout Reaction, Detroit Auto Show, Business News
Steve Parker

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

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Detroit Drives to DC and Dr. Deming Invents Japan

Steve Parker | Posted 01.06.2009 | Business

Read More: Congress, Pontiac Silver Streak Woodie Wagon, Troubled Assets Relief Program, Class Warfare, Hemi Hybrids, Cars, Infrastructure Repair, Infrastructure, Green Cars, Hydrogen Fuel-Cell Vehicles, Hydrogen Fuel Cell, Hybrid Cars, Daihatsu Naked, Ipod, Subway, Ucla, Detroit Three, Chicago Cubs, Detroit CEOs, W. Edwards Deming, Detroit Automakers, Green Infrastructure, Bullet Trains, US Capitol, Monorail, Jeep, Japan, Mitsubishi Mirage, Light Rail, Tarp, Wall Street Bailout, Chrysler, Rick Wagoner, President Obama, Ford, Las Vegas Hilton, Dodge Durango Hybrid, Bob Lutz, Southern California, Credit Markets Tight, Japanese Cars, Robert Nardelli, Electric Cars, Washington, Detroit, Congressional Oversight, Plug-in Hybrids, President Bush, Detroit Bailout, Chrysler Aspen Hybrid, Gas Electric Hybrids, Daihatsu Charade, Uaw, Gm, Alan Mulally, Electric Car Infrastructure, National Infrastructure, Dr. W. Edwards Deming, Mitsubishi Precis, Wall Street, US Marines, Hitachi, Lourdes, Narita, Business News
Steve Parker

We've had enough threats from our sworn enemies -- we don't need them from Detroit executives. These CEOs and their boards of directors must go, whether by car or jet or skateboard, they must go.

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