money.cnn.com - 3/30/2009
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NEW YORK (CNN) -- There's a growing sense among some bankers that Troubled Asset Relief Program known as "TARP" has become toxic. As a result, they want to bail out of the bank bailout program."It should be called 'TRAP,' not TARP," said Brian Garrett, chief executive of Bank of the Bay in San ...
washingtonexaminer.com - 3/31/2009
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washingtonexaminer.com —
Beyond AIG: A Bill to let Big Government
Set Your Salary By Byron York Chief Political Correspondent...
3/31/09 It was nearly two weeks ago that the House of Representatives, acting in a near-frenzy after the disclosure of bonuses paid to executives of ...
(more)
www.washingtonexaminer.com >> Politics
keithhennessey.com - 3/31/2009
thehill.com - 4/2/2009
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thehill.com —
Former Massachusetts Gov. Mitt Romney (R) said Wednesday
that his party needs to take a fresh approach...
to government regulations in the wake of the economic crisis that has rattled the U.S. and world economies. In an interview with The Hill, Romney ...
(more)
Romney breaks with GOP on the issue of deregulation
Comments
Blog Reactions
BANKERS: Take Your TARP Money Back. “There’s a growing sense among some bankers that Troubled Asse…
Instapundit —
... BANKERS: Take Your TARP Money Back. “There’s a growing sense among some bankers that Troubled Asset Relief Program known as ‘TARP’ has become toxic. As a result, they want to bail out of the bank bailout program.” The country’s in the very best of hands. ...
Dem Death Wish
Daily Pundit —
Bankers: Take your TARP money back - Mar. 27, 2009
If Treasury starts taking money back from healthy banks while the economy is still in trouble the weaker banks may appear to be even weaker and the confidence that TARP brought may suddenly disappear.
“The Government has to maintain confidence throughout the banking sector. These banks are all interconnected,” said Miller.
Bankers may not like the Government interfering in their business. But, right now, those who have taken TARP funds have little choice.
Greedy ...
Great News! Some Banks Want To Give TARP Money Back
TalkLeft —
I have no idea what is stopping them. but some bankers want to give the TARP money back: There's a growing sense among some bankers that Troubled Asset Relief Program known as "TARP" has become toxic. As a result, they want to bail out of the bank bailout program. . . . [Some] bank executives complain the Treasury's program to stabilize banks during these turbulent times is actually weighing down their potential for growth. . . . "Things have changed since TARP was announced. The rules have changed," said Michael McMullan, CEO of the Bank of ...
Related Content
There’s no way out of TARP
sistertoldjah.com 4/6/2009 — (H/T - Lawhawk )
Back at my regular home, both my co-blogger Shoebox and I have been monitoring attempts, some successful, others not, by banks to get out from under the Troubled Assets Relief Program. In today’s Wall Street Journal , Stuart ...
This Is What Taxpayers Are Getting For TARP
wizbangblog.com 1/25/2009 — Former Merrill Lynch chief John Thain, the architect of the firm's sale last year to Ken Lewis' Bank of America, was lauded for selling the company at a time when...
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 ...
TARP: The Looming Debacle
powerlineblog.com 4/28/2009 — On April 21, the Special Inspector General for the Troubled Asset Relief Program Act of 2009--"SIGTARP"--submitted his quarterly report to Congress on his office's activities in relation to the TARP program. The report is a disquieting document that ...
Kudlow on TARP
wizbangblog.com 4/23/2009 — Larry Kudlow's new piece at NRO, a reaction to the TARP Inspector General's report, is a must-read: The IG's report also notes that what started last October as a single-purpose...
Banks are now eager to repay TARP
charlotteobserver.com 3/26/2009 — For relatively strong banks, doing business with the government may be more trouble than it's worth. Banks are publicly declaring their intent to pay back loans from the Troubled Asset Relief Program, or TARP, as quickly as they can. They range from ...
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 ...
Editors: The TARP Trap
article.nationalreview.com 4/23/2009 — If some banks want to pay back their TARP money, we should let them.
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:...
Federal City Digest —
Wash Post Federal Page 4/1/2009
The chairwoman of the Congressional Oversight Panel for the Troubled Assets Relief Program (TARP) told the Senate Finance Committee yesterday that the Treasury Department has brushed aside her team's efforts to get information about banks' use of ...
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