online.wsj.com - 1/22/2009
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online.wsj.com —
As Obama's team revises TARP, it faces criticism
of the process for deciding which banks get cash....
Some politicians, including Barney Frank, have used leverage to try to direct millions to their home-state banks.
(more)
Politics Seen in Bank Bailout Decisions
gallup.com - 1/15/2009
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gallup.com —
PRINCETON, NJ -- A majority of Americans (62%)
say Congress should block President-elect Obama's request to release...
the remaining $350 billion in Troubled Asset Relief Program (TARP) funds until more details are provided about how the funds will be ...
(more)
Americans Want Details Before Release of More TARP ...
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Blog Reactions
Bank of Opportunity, indeed
Daimnation! —
... Another day, another bailout. Does anyone out there not believe the United States government is throwing money around out of sheer panic? ...
The Orwellian "Stimuli"... and the BofA Bailout
THE ASTUTE BLOGGERS —
... UPDATE: More from Ed Morrissey at Hot Air: Bank of America’s stock lost 40 percent of its value during the past 10 days — shares closed on Thursday in single digits for the first time in 18 years — and the taxpayer money will be used to ameliorate the losses from its acquisition of Merrill Lynch. Chief Executive Ken Lewis called it “deal of a lifetime” when it was announced. People familiar with the unfolding events, requesting anonymity to speak freely, said Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben ...
Bank of Fuckin'America Getting Bailout Now, Too
Ace of Spades HQ —
Bank of Fuckin'America Getting Bailout Now, Too Here's the thing: The federal government arranged for them to acquire the faltering Merrill Lynch. Now it turns out Merrill was more of a liability than thought, and they're getting bailed out too. So essentially we're paying the costs for BofA to buy a major company. That said, it's possible the capital infusions either worked or were never necessary in the first place. ...
Related Content
TARP
balloon-juice.com 2/15/2009 — Surprise good news in the TARP bill that President Obama just signed. I could get used to this.
A provision buried deep inside the $787 billion economic stimulus bill would impose restrictions on executive bonuses at financial institutions that ...
What Goes Around Comes Around:
volokh.com 1/23/2009 — The Washington Times notes today that many of the recipients of federal bailout funds are also major political donors:...
Bailout Overseer To Ask Banks To Track Funds
tpmmuckraker.talkingpointsmemo.com 1/23/2009 — Could we finally be headed for a whole new level of transparency and oversight over the bailout funds?
Neal Barofsky, the inspector general for the TARP program, today sent a letter to Sen. Charles Grassley, the ranking Republican on the Finance ...
Adventures in Lobbying
openleft.com 1/26/2009 — When I offered in a blog thread to go lobby on TARP oversight and reform while I was in DC, little did I know that I was going to be asked to write about it on Open Left. It's a challenge to rise to the standards set by all the wonderful writers ...
TARP Watchdog: Treasury Overpaid For TARP Investments
money.cnn.com 2/5/2009 — WASHINGTON -(Dow Jones)- The three government watchdogs overseeing the $700 billion financial rescue package continued to criticize the Treasury Department's implementation of the plan, suggesting a lack of a strategic vision and raising the concern ...
Nationalize Citigroup and Bank of America
portfolio.com 1/15/2009 — Both Citigroup and Bank of America are down more than 20% in early trade today, and I imagine that Hank Paulson and Tim Geithner are starting work on yet another weekend deal of some description, since at this rate it seems that neither institution ...
Bankers say they 'get it' on bailout
swamppolitics.com 2/11/2009 — by Frank James
Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again.
Pandit told lawmakers at a House hearing today:
Mr. Chairman, the world is changing very fast and we need to ...
After Kashkari, Who Runs TARP?
tpmdc.talkingpointsmemo.com 2/5/2009 — Amidst all the debate over the stimulus package, Tom Daschle's limos, and when the White House puppies will arrive, it's worth keeping an eye on TARP, the Troubled Assets Relief Program that was supposed to get us out of this mess in the first place. ...
Executive pay caps that survived in the stimulus
dailykos.com 2/15/2009 — Cross-posted from Congress Matters . If you've got a Daily Kos account, you've got a Congress Matters account. Log in with your existing Daily Kos user name and password. Seems some executive pay limits for TARP recipients did survive the ...
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