online.wsj.com - 1/26/2009
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Lending fell 1.4% in the fourth quarter at 10 of the 13 biggest beneficiaries of the Treasury's TARP. Banks argue prudent lending takes time and demand is ebbing.
bloomberg.com - 2/2/2009
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bloomberg.com —
Feb. 2 (Bloomberg) -- President Barack Obama will
require banks to boost lending to consumers and companies
in return for taxpayer aid from the $700 billion bailout fund, in a departure from Bush administration policy, a key lawmaker said. “You’re ...
(more)
Obama to Require Banks Receiving Aid to Boost Lending ...
washingtonpost.com - 2/3/2009
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washingtonpost.com —
Comments that include profanity or personal attacks or
other inappropriate comments or material will be removed from
the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
(more)
Despite Federal Aid, Many Banks Fail to Revive Lending
tpmmuckraker.talkingpointsmemo.com - 1/23/2009
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tpmmuckraker.talkingpointsmemo.com —
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 ...
(more)
Bailout Overseer To Ask Banks To Track Funds
Comments
Blog Reactions
Still not getting it
QandO —
... the purchase of a new Dassault Falcon 7X, according to a source familiar with the deal. The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault’s sales literature. It can cruise 5,950 miles before refueling and has a top speed of 559 mph.Trust me - this is just the most obvious and disgusting example of what is being done with this money everywhere. While the promised results are not at all evident: Lending at many of the ...
Good Morning
N/A —
... . The banks werre given money to lend, but there ain’t no lending going on. The New N word is nationalization: “ ...
Bank CEOs In The House
The Atlantic Politics Channel —
... the Super Bowl stadium": The event -- known as the NFL Experience -- was 850,000
square feet of sports games and interactive entertainment attractions
for football fans and was blanketed in Bank of America logos and
marketing calls to sign up for football-themed banking products.
The rest of the opening statements are here. DealBook is liveblogging it here. And for a good backgrounder on bank lending post-Tarp, see this WSJ article from a couple of weeks ago:
Ten of the 13 big beneficiaries of ...
Related Content
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 ...
Bank Lending Keeps Dropping
online.wsj.com 4/20/2009 — Lending at the biggest U.S. banks has fallen more sharply than realized, despite government efforts to pump billions of dollars into the financial sector. According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients ...
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
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 ...
Video: Geithner says banks lending less
marketnewslive.blogspot.com 4/22/2009 — Treasury Secretary Timothy Geithner said that difficulty in setting a value on banks' toxic assets was a continuing hindrance to their ability to lend and borrow.
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:...
Americans Want Details Before Release of More TARP Funds
gallup.com 1/15/2009 — 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 ...
A feeling thermometer for TARP —
First Read 1/22/2009
From NBC's Mike ViqueiraAs a purely academic exercise, you might want to watch the House floor now as they vote on whether to disapprove the allocation of the second $350 billion of the TARP. The vote is essentially a freebie, in that no matter what ...
House gives symbolic thumbs-down on TARP cash —
Reuters: Politics 1/22/2009
WASHINGTON (Reuters) - In a symbolic gesture of dissatisfaction with the government's attempts to stabilize the financial system, the U.S. House of Representatives voted 270-155 on Thursday against releasing a second allotment of $350 billion to the ...
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