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There’s no way out of TARP
(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 Varney relates the story of a larger bank ...
Barack Obama Maintains Control Over Banks By Refusing to Accept Repayment of TARP Money
online.wsj.com — STUART VARNEY I must be naive. I really thought the administration would welcome the return of bank... bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn't ... (more) Barack Obama Maintains Control Over Banks By Refusing to ...
Assessing Treasury’s Strategy: Six Months of TARP
Assessing Treasury’s Strategy: Six Months of TARP
cop.senate.gov — The March oversight report for COP is entitled: The Foreclosure Crisis: Working Towards a Solution. In this... report, COP examines the roots of the foreclosure crisis and offers a checklist for evaluating proposals to deal with this problem. (more) Assessing Treasury’s Strategy: Six Months of TARP
Romney breaks with GOP on the issue of deregulation
Romney breaks with GOP on the issue of deregulation
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
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There’s no way out of TARP
No Runny Eggs — ... This is another instance where I’m going to make you go to Sister Toldjah, at least initially, for the full story, including a look at the flip side of the Pay for Performance Act. I do, however, want to make sure you read ...

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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 ...
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 ...
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 ...
TARP Watchdog Finds Yet Another Bank Subsidy That "Warrants" Investigation
tpmmuckraker.talkingpointsmemo.com 5/27/2009 — As we've explained here before, the government didn't just give all that TARP money away to those 579 banks for nothing: it got warrants to buy stock in the banks at certain prices over a ten-year time horizon. And as we informed you last month, no ...
TARP Watchdog To Deliver Harsh Testimony On Treasury's Lack Of Transparency
huffingtonpost.com 7/20/2009 — Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP) is set to deliver much anticipated testimony on Tuesday before the House of Representatives. Judging from a look at his prepared remarks -- provided by a ...
The cost of TARP
scsuscholars.com 4/24/2009 — Bill Cooper pays the ransom for his bank: TCF Financial Corporation announced Wednesday that it had completed the repurchase of its TARP preferred stock from the U.S. Treasury. It paid a redemption price of $361.2 million plus accrued dividends of ...
What to Make of TARP Profits?
yglesias.thinkprogress.org 6/10/2009 — McClatchy points out that not only are some banks repaying TARP funds, the government is making money on the deal : The crux of the matter is that the government is being paid an interest rate on the TARP money that exceeds the rate of interest ...
Was the TARP a Ruse?
ritholtz.com 6/9/2009 — The rush to repay TARP monies gives us another opportunity to consider why the hell this absurd financial giveaway ever happened in the first place. A close inspection suggests some dishonesty on the part of the prior Treasury Secretary. From its ...
Cut Their Pay and Send Them Home
powerlineblog.com 10/22/2009 — Today "compensation czar" Kenneth Feinberg announced the Obama administration's plan to punish executives of companies that received TARP money by cutting their compensation by an average of 90 percent: Under the plan, which will be announced ...