talkingpointsmemo.com - 3/24/2009
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Andrew Ross Sorkin reports today that Goldman Sachs is going to pay all its TARP money quickly. The idea being that they're tired of federal interference and oversight. And paying it off will mean they're back on their own. But of course Goldman Sachs got substantially more money, roughly $13 ...
delong.typepad.com - 3/22/2009
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delong.typepad.com —
Q: What is the Geithner Plan? A: The
Geithner Plan is a trillion-dollar operation by which the...
U.S. acts as the world's largest hedge fund investor, committing its money to funds to buy up risky and distressed but probably fundamentally ...
(more)
The Geithner Plan FAQ
firedoglake.com - 3/17/2009
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firedoglake.com —
photo by Barrybar In an attempt to get
out of the way of the AIG bonus train...
wreck, it looks like the designated sin eater is going to be Chris Dodd : The administration official said the Treasury Department did its own legal analysis and ...
(more)
Treasury Attempts to “Blame Dodd” for AIG Bonuses
powerlineblog.com - 3/21/2009
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powerlineblog.com —
I'm stupefied to find that some people are
defending the constitutionality of Nancy Pelosi's discriminatory, confiscatory and...
retroactive tax on people who receive bonus income from companies that got TARP money. I would have considered it a bright ...
(more)
Are We A Banana Republic?
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Goldman Sachs Could Play Huge Role in Geithner's Plan
TPM Election Central —
Earlier in the hearing, Tim Geithner suggested that Goldman Sachs could be one of five institutions helping to manage the public-private partnership program to buy up a bunch of toxic legacy assets from ailing banks.
Goldman has played a central role in this drama. As an institution, it's been extremely close to the Treasury department. And, as Josh noted, it's also about to pay off all of its TARP money (with the help, perhaps, of the other government money it received as an AIG counterparty) which will free it up to return to a status quo of paying enormous ...
Not So Fast, Pt.2
Talking Points Memo —
... As we noted this morning, Goldman Sachs is now saying they've had enough of federal government oversight of their business. So they're going to pay the TARP money back as soon as next month. The problem is that TARP money was only the start of the government aid Goldman got since last fall. There are loan guarantees, more than ten billion in additional dollars funneled through AIG. Zack Roth ...
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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 ...
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...
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 ...
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 ...
TARP, the Criminal Enterprise?
corner.nationalreview.com 4/22/2009 — Is the whole TARP plan a criminal enterprise? Sounds farfetched, I suppose. But after reading about Special Inspector General Neil Barofsky's report, it may well be that TARP is just one big criminal problem.
Listen to this: Barofsky's investigators ...
Editors: The TARP Trap
article.nationalreview.com 4/23/2009 — If some banks want to pay back their TARP money, we should let them.
Obama Administration Refuses Bank TARP Repayments
lawhawk.blogspot.com 4/6/2009 — Isn't this how the TARP system was supposed to work? We were told that as banks become more capable of lending on their own, the banks could repay TARP and end their involvement in the program.However, the Administration is proving itself more adept ...
TARP Watchdog: Bailout Basically A Disaster
tpmmuckraker.talkingpointsmemo.com 4/21/2009 — TARP watchdog Neil Barofksy appeared on CNBC today to discuss the 250-page report card on the bailout the SIGTARP office (that's Special Inspector General of the Toxic Assets Relief Program, but you knew that) submitted today to Congress. The tenor of his appearance was a great deal milder than ...
TARP, the Criminal Enterprise?
kudlow.nationalreview.com 4/23/2009 — Is the whole TARP plan a criminal enterprise? Sounds farfetched, I suppose. But after reading about Special Inspector General Neil Barofsky’s report, it may well be that TARP is just one big criminal problem.
Listen to this: Barofsky’s ...
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