Articles About TARP

Author:
James I. Clark III
Posted:
09.08.2011

AIG Repays Another $2 Billion in TARP Money

The Treasury Department is laughing all the way to the bank. Insurance Giant AIG repaid $2.15 billion that it had borrowed through the Troubled Asset Relief Program (TARP).  In 2008, the government helped the giant get back on its feet with a $180 billion loan.  AIG has been gradually repaying the money.  The most recent […]

Read More ›
Author:
Tom Silva
Posted:
03.07.2011

House Republicans Want to Water Down Dodd-Frank Financial Reforms

Republican congressmen searching for sizeable spending cuts are targeting Wall Street’s regulators over a plan to slash millions from the budgets of several vital agencies. They are setting their sights on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).  The workload of both agencies is expected to increase significantly as […]

Read More ›
Author:
James I. Clark III
Posted:
11.08.2010

Fannie, Freddie Bailouts Could Cost the Taxpayers $154 Billion

The ultimate cost of bailing out Fannie Mae and Freddie Mac could cost as much as $154 billion unless the economy improves, according to a government report.  The mortgage giants rescue – which has kept the housing market on life supports – already has cost $135 billion to cover losses on home loans in default.  […]

Read More ›
Author:
James I. Clark III
Posted:
08.19.2010

Elizabeth Warren Ideal Head for the Bureau of Consumer Financial Protection

A leading candidate to head the new Bureau of Consumer Financial Protection is Elizabeth Warren, although her potential nomination is not without controversy.  Writing on CNN Money.com, Katie Benner says “Detractors say that Warren lacks experience, that she’s not impartial, and that she could make it so expensive to extend credit that only the richest […]

Read More ›
Author:
James I. Clark III
Posted:
06.29.2010

Treasury: TARP Repayments Now Surpass Debt

The $700 billion Troubled Asset Relief Program (TARP) is turning out to be a better bet than many thought at first. According to the Treasury Department, the amount of money repaid by banks and other recipients now exceeds TARP’s outstanding balance.  In a monthly report to Congress on the program, TARP repayments total $194 billion; […]

Read More ›
Author:
James I. Clark III
Posted:
05.11.2010

Trouble Ahead for Community Banks

The nation’s small and medium-sized banks – those with under $10 billion in assets – could see a spate of commercial loan failures in coming years, according to a report issued by the Congressional Oversight Panel as part of its supervision of the Troubled Asset Relief Program (TARP).  The panel’s chair, Harvard law professor Elizabeth […]

Read More ›
Author:
Tom Silva
Posted:
04.05.2010

Obama Administration Rolls Out New Program to Help Underwater Homeowners

The Obama administration has announced a new initiative to assist troubled homeowners by helping them refinance with government-backed mortgages that cut monthly payments.  The program would also temporarily reduce payments for unemployed borrowers who are actively job hunting.  The government is encouraging lenders to write down the value of loans for borrowers participating in modification […]

Read More ›
Author:
James I. Clark III
Posted:
04.02.2010

Kenneth Feinberg Widens Review of Rescued Bank Compensation

The nation’s pay czar is widening his review of how much money hundreds of banks paid their top executives during the 2008 financial crisis. Kenneth R. Feinberg, officially the Special Master for Executive Compensation, is asking for details on compensation at 419 banks that were bailed out by the Treasury Department’s Troubled Asset Relief Program […]

Read More ›
Author:
James I. Clark III
Posted:
03.29.2010

TARP’s Price Tag: $109 Billion

The Congressional Budget Office has determined that the Troubled Asset Relief Program (TARP) will cost the government $109 billion – just 16 percent of the $700 billion set aside to rescue the nation from the great recession.  Insurance giant AIG and the auto industry are TARP’s largest beneficiaries. The federal government bought $40 billion in […]

Read More ›
Author:
James I. Clark III
Posted:
03.03.2010

TARP Banks Lending on the Rise

Eleven American banks that received money from the Troubled Asset Relief Program (TARP) originated 13 percent more loans in December than they had the previous month. The Department of the Treasury released this information in its monthly survey of loans made by recipients of the $700 billion government bailout money. According to the Treasury Department, […]

Read More ›

Categories

Archives