Articles About Department Of Treasury

Author:
Tom Silva
Posted:
09.14.2010

Obama Administration Sets Its Sights on Housing Reform

The Obama administration – fresh from its financial regulation reform legislative victory – is not resting on its laurels.  Next on the busy agenda is reforming the American housing market, which is viewed by many as the root of the financial crisis. In a response to collapsing housing prices and waves of foreclosures, the administration […]

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Author:
James I. Clark III
Posted:
05.19.2010

Is CRE Seeing Light at the End of the Tunnel?

As the 1st quarter 2010 numbers come in, banks across the country are still uneasy about the short-term outlook for commercial real estate – and their portfolios in particular.  At the same time, there is a growing sense that the potential for disaster has faded and that problems are being resolved. In general, banks reported […]

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Author:
James I. Clark III
Posted:
04.15.2010

Financial Reform Legislation Faces Uphill Battle in the Senate

Senator Christopher Dodd (D-CT), chairman of the Senate Banking Committee, introduced revised legislation to regulate the nation’s financial system.  The plan would create a nine-member council, led by the Treasury secretary, to be on the alert for systemic risks, and direct the Federal Reserve to oversee the nation’s largest and most interconnected financial institutions. The […]

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Author:
James I. Clark III
Posted:
03.31.2010

Volcker Rule Seeks to Regulate Financial Markets

A draft of President Barack Obama’s financial reform legislation has been sent to Congress.  Dubbed the Volcker Rule in honor of the former Federal Reserve chairman’s  aggressive pursuit of these regulations, the five-page proposal will ban proprietary trading and mergers that give banks more than a 10 percent market share as measured by liabilities that […]

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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, […]

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Author:
James I. Clark III
Posted:
02.22.2010

Successful TARP Extended Through Most of 2010

An independent audit released by the bipartisan Congressional Oversight Panel (COP) has found the $700 billion Troubled Asset Relief Program (TARP) to be effective, so much so that the Department of the Treasury has extended it to October 3, 2010.  Treasury Secretary Timothy Geithner plans to use the remaining funds to assist families facing foreclosure […]

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Author:
James I. Clark III
Posted:
02.17.2010

Bernanke Edges Closer to Closing the Cash Floodgates

Federal Reserve Chairman Ben Bernanke is starting to look at ways to back off from the central bank’s heroic efforts to keep the nation’s economy afloat through the financial crisis of the past 18 months. The trick to raising short-term interest rates, which have been at historic lows for more than a year, is to […]

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Author:
James I. Clark III
Posted:
01.27.2010

Obama Takes Big Banks to the Woodshed Over Bonuses

President Barack Obama is angry with the big Wall Street banks that took TARP dollars and plans to do something about it.  “We want our money back and we’re going to get it,” Obama said in a White House speech when he proposed the Financial Crisis Responsibility Fee.  “If these companies are in good enough […]

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Author:
James I. Clark III
Posted:
01.14.2010

Czar Kenneth Feinberg Wants Across-the-Board Executive Pay Cuts

Compensation czar Kenneth Feinberg – officially, the Obama administration’s special master for executive compensation – believes that the pay reductions he mandated at seven taxpayer-rescued firms should become the model  for Wall Street and corporate America. “There is entirely too much reliance on cash and there’s got to be a better way to tie corporate […]

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Author:
James I. Clark III
Posted:
01.06.2010

TARP Savings Could Finance Jobs Program

The $700 billion Troubled Asset Relief Program (TARP) cost $200 billion less than originally anticipated,  according to a new Treasury Department report.  That reflects faster repayments by big banks, as well as less spending on rescue programs as the financial sector recovers more quickly than expected. And it’s good news for President Obama’s new job […]

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