corner.nationalreview.com - 2/7/2009
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The panel of experts created by Congress to oversee the TARP program has found that the Treasury Department drastically overpaid for the stakes it took in financial institutions. The Wall Street Journal reports that "an analysis of 10 TARP transactions ... suggests Treasury paid $254 billion ...
huffingtonpost.com - 2/6/2009
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huffingtonpost.com —
Wall Street bankers, with their $18 billion in
bonuses, private jets and gaudy conferences, are causing headaches...
for the GOP. President Obama has proposed capping compensation for executives at banks that take taxpayer bailout money at $500,000. ...
(more)
GOP Opposes Pay Limits On Bailed-Out Bankers
opensecrets.org - 2/4/2009
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opensecrets.org —
The companies that have been awarded taxpayers' money
from Congress's bailout bill spent $77 million on lobbying...
and $37 million on federal campaign contributions, Center finds. The return on investment: 258,449 percent . WASHINGTON--( This ...
(more)
TARP Recipients Paid Out $114 Million for Politicking ...
krugman.blogs.nytimes.com - 2/4/2009
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krugman.blogs.nytimes.com —
Josh Marshall gives us David Broder talking about
stimulus - which he says failed to achieve the...
predicted results the first time. It's not clear whether he was referring to the TARP or the early 2008 stimulus package, but either way it's a poor ...
(more)
Bipartisan bromides
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Saturday morning links
Maggie's Farm —
... Related: Let's give these idiots more of our money to spend, and our kids' future incomes too - which is really what it will be. I agree ...
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 ...
Treasury: Lending Down Among TARP Recipients
washingtonindependent.com 2/18/2009 — new report out of the Treasury Department Tuesday confirmed what many lawmakers, housing advocates, small businesses and individual consumers have known all along: That despite hundreds of billions of dollars flowing from Washington to the finance ...
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 ...
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 ...
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 ...
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 ...
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...
Quick, Spend the Money Before the Taxpayers Find Out!
powerlineblog.com 7/2/2009 — Byron York catches Barney Frank with his hand in the till. The issue is TARP: recall that the banks that received TARP money are supposed to repay it to the Treasury, along with dividend payments. President Obama has held out hope that the taxpayers ...
GE’s Immelt: Pay Caps Not Good Idea —
WSJ.com: Washington Wire 2/5/2009
Jeff Immelt, chief executive of General Electric Corp., said Thursday that pay caps imposed by the U.S. government on executives at financial institutions that have taken federal funds from the TARP program aren’t in the best interests of ...
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