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Michael W. McConnell: The Pay Czar Is Unconstitutional
online.wsj.com — MICHAEL W. MCCONNELL Last week's announcement that "Pay Czar" Kenneth Feinberg slashed compensation for executives at seven... large financial firms by an average of 50% stunned Wall Street, stoked the fires of populist resentment, and troubled ... (more) Michael W. McConnell: The Pay Czar Is Unconstitutional
TARP Audit Finds Geithner Gave Away The Farm
TARP Audit Finds Geithner Gave Away The Farm
cbsnews.com — This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com . Special Inspector General for TARP (aka... "SIG TARP") Neil Barofsky said something we've all known for a while: the government gave away the farm when AIG failed . If you ... (more) TARP Audit Finds Geithner Gave Away The Farm

TARP Latest Blog Posts

Big U.S Banks May Be Forced to Raise More Capital Soon
Sympathy for the Treasury
interfluidity.com — It worked! Officials pointed to a lot of good news in terms of visible cash flows associated... with TARP and the various assistance programs. They claimed that since the Obama administration has taken office, more money has come back than has been put ... (more) Sympathy for the Treasury
Geithner rejects $1 trillion limit on bailout power
thehill.com — In my questioning of Treasury Secretary Timothy Geithner before the Financial Services Committee on Wednesday, I focused... on the new bailout authority included in the 618-page legislative proposal submitted by the Treasury Department. In my opinion, ... (more) Geithner rejects $1 trillion limit on bailout power
Thune seeks to stop TARP spending
Thune seeks to stop TARP spending
politico.com — Thune tried to kill TARP with an amendment to the unemployment benefits bill, but Reid blocked it.... (more) Thune seeks to stop TARP spending
Is a Pay Czar constitutional?
faustasblog.com — Those of us who are asking whether a “czar”, who is not under Congressional oversight, is allowed... under the Constitution to set wages in private industry have an answer by Michael McConnell: The Pay Czar Is Unconstitutional Kenneth Feinberg hasn’t been confirmed by the U.S. ... (more) Is a Pay Czar constitutional?
Video: Spare TARP Funds Could Ease Deficit
politicalnewslive.blogspot.com — A $210 billion surplus in TARP funding could be used to reduced the U.S.'s towering national deficit.... WSJ's Deborah Solomon says the move follows criticism of the Obama administration's approach to debt. (more) Video: Spare TARP Funds Could Ease Deficit
The Big Gov’t Mortgage Mod Program: The Latest Numbers
onthehillblog.blogspot.com — The administration’s $75 billion mortgage modification program is meant to help 3 million to 4 million homeowners... avoid foreclosures. The latest data, out Tuesday, shows mortgage servicers are making some progress toward this goal, but big questions remain about how effective the program will be. (more) The Big Gov’t Mortgage Mod Program: The Latest Numbers
GM Announces It Will Pay Back Gov’t Loan … With Gov’t Money
onthehillblog.blogspot.com — GM will be begin paying back the TARP money in December, the company announced this morning. It’s... a statement in need of a little context. Basically, GM will be using a portion of its $50 billion in TARP bailout money it received to in turn repay another portion of the TARP loans. (more) GM Announces It Will Pay Back Gov’t Loan … With Gov’t Money
Elizabeth Warren
themoderatevoice.com — Warren began at George Washington at 17. At 19, she married mathematician Jim Warren, who worked at... the Johnson Space Center in Houston, and finished her degree at the University of Houston. They divorced in 1978. Her second husband, Bruce Mann, is Harvard’s Carl F. Schipper Professor of Law ... (more) Elizabeth Warren
Note to Mike Huckabee
redstate.com — Mike Huckabee is daning around New York 23 and looks extremely silly. He won’t endorse in the... race. It is very conspicuous. I know, in fact, that he will not endorse because Club for Growth and Fred Thompson were there first and his ego ... (more) Note to Mike Huckabee
Bill Owens for Congress
billowensforcongress.com — Bill Owens on Health Care Reform Bill Owens is committed to health care reform. He understands that... we need reform for the millions of Americans who don't have affordable health care, as well as for those who have inadequate care or live in fear that ... (more) Bill Owens for Congress
Pete Sessions Is Going to Get Primaried Eye on 2010 - Texas Rep. Sessions Draws Primary Challenger
redstate.com — I am not really advocating we throw Pete Sessions out of Congress, just the NRCC. Nonetheless, I... think it is hiliarous that he is going to get primaried by a corporate financial analyst. The disgraceful conduct of the Sessions’ led NRCC up in ... (more) Pete Sessions Is Going to Get Primaried Eye on 2010 - ...
Speech - November 10, 2009
frbatlanta.org — The $787 billion fiscal stimulus program remains in force. Nearly $200 billion of this amount has been... paid out through the end of October. The "cash for clunkers" program, part of the stimulus effort, has already expired. The first-time home buyers' ... (more) Speech - November 10, 2009
Can Conservatives Govern?
Can Conservatives Govern?
frumforum.com — At a gathering last night, I was defending the point that the TARP and some kind of... fiscal stimulus had been absolutely essential last year - that otherwise the world economy might have plunged into Depression. The dominant view in the conservative ... (more) Can Conservatives Govern?
The Federalist Society
The Federalist Society
fed-soc.org — The Federalist Society Online Debate Series The Pay Czar & the Appointments Clause – a Forum November... 19, 2009 Last updated at 2 PM on Friday, November 20, 2009 Under the statute authorizing the Troubled Assets Relief Program, Congress authorized the ... (more) The Federalist Society
Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
bloomberg.com — Nov. 24 (Bloomberg) -- The Federal Reserve asked nine of the U.S. banks that were part of... this year’s stress tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said. The central bank this ... (more) Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP
Spitzer: Don't Let The Feds, Banking Lobby Handcuff State Regulators (VIDEO)
huffingtonpost.com — The House Financial Services Committee will vote today on whether to establish a Consumer Financial Protection Agency.... Former New York Governor, and Attorney General, Eliot Spitzer warned that while this new federal agency is important, it must not ... (more) Spitzer: Don't Let The Feds, Banking Lobby Handcuff ...
Obama administration may eye using TARP for deficit reduction
thehill.com — The Obama administration may explore using leftover bailout funds to pay off the deficit, the president's budget... director said Thursday. Office of Management and Budget Director Peter Orszag told a summit this afternoon sponsored by Bloomberg News ... (more) Obama administration may eye using TARP for deficit ...
GOP candidate wants Geither to be replaced
thehill.com — A former House Republican running for the Senate in Connecticut is calling for Treasury Secretary Tim Geithner... to be replaced because of the handling of AIG's bailout. GOP candidate Rob Simmons reacted to a report by Neil Barofsky, the inspector ... (more) GOP candidate wants Geither to be replaced
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