Topic: Troubled Assets Relief Program

Elections are mirrors of a nation's consciousness, so it makes sense -- sad sense, unfortunately -- that the 2010 election reflected fear and confusion. A poll asked people if the American economy has shrunk or grown under Barack Obama. Again the wrong ...

The legacy of TARP

Although maligned, the program helped keep economy from meltdownLast weekend the federal Troubled Asset Relief Program officially came to a close — it will no longer lend money to struggling banks or industries. TARP became the poster child of "big government" to ...
The White House said Thursday the cost of the 700-billion-dollar bank bailout launched at the height of the financial crisis was much lower than expected, at under 50 billion dollars.Treasury Secretary Timothy Geithner informed President Barack Obama of the revised figure during ...

GOP 'Pledge' to focus on taxes, spending

U.S. Republicans plan to issue a "Pledge to America" focusing on taxes, spending and rolling back healthcare reform, an advance draft of the document indicates. CBS News said Wednesday it had obtained a final draft of the agenda House Republicans plan to ...

Democrats revise Wall St bill funding: House aide

WASHINGTON (Reuters) - Congressional Democrats plan to change the funding mechanism for a sweeping Wall Street reform bill by raising $11 billion from closing the huge bank bailout program launched in 2008 by the Bush administration, a senior House Democratic aide told ...

Feud could imperil eventual GOP victor

So much for the civility.Despite pledging to run positive campaigns, the two leading Republicans fighting for the chance to take on Sen. Harry Reid in November have turned their guns on each other, taking shots in a back-and-forth that portends an ugly ...
As public looks for blame over economic woes, Obama points his finger at bankersIt's not just about bad banking.President Barack Obama's biting criticism of big banks frames the problem as a struggle between jobless, suffering Americans and banks making big profits and ...

US extends bailout authority to October 2010

US Treasury Secretary Timothy Geithner on Wednesday extended the authority of a 700-billion-dollar financial bailout to October 2010 even as he noted the program would cost less than expected.Geithner said in a letter to congressional leaders that although the economic situation was ...

Guidance offered on TARP exams at hearing

The article reports on the changes to the Troubled Asset Relief Program (TARP) advocated by industry leaders in a hearing hosted by U.S. House Financial Services Committee chairman Barney Frank on January 13, 2009. Recommendations given by American Bankers Association president Ed ...

Citi trader exempt from czar's oversight: source

NEW YORK/WASHINGTON (Reuters) - Citigroup Inc's contract with an energy trader who may be owed up to $100 million in compensation this year is exempt from rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.While ...
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