house.gov - 1/10/2009
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Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) today introduced H.R. 384, the TARP Reform and Accountability Act to amend the Troubled Assets Relief Program (TARP) provisions of the Emergency Economic Stabilization Act of 2008 (EESA). The legislation will ...
online.wsj.com - 1/9/2009
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online.wsj.com —
MICHAEL R. CRITTENDEN WASHINGTON -- The U.S. Treasury
has failed to reveal its strategy for stabilizing the...
financial system, not answered questions asked by a government watchdog, and has done nothing to help struggling homeowners, a report being ...
(more)
Panel Steps Up Criticism of Treasury Over TARP
cboblog.cbo.gov - 1/16/2009
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cboblog.cbo.gov —
CBO is required by law to report semiannually
on OMB’s assessment of expenditures under the Troubled Assets...
Relief Program (TARP). Today, CBO released the first of these reports . (For more on the TARP program, this blog post from October ...
(more)
Troubled Asset Relief Program (TARP) Report
ritholtz.com - 1/13/2009
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ritholtz.com —
With the government now debating the release of
the second half of the TARP funds, perhaps now...
is as good a time as any to look at how successfully spent the first $350 Billion dollars were. The evidence is not very favorable. What I can say ...
(more)
The Terrible Lessons of TARP
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Blog Reactions
Barney Frank proposes TARP overhaul, including executive pay cap
BloggingStocks —
... , D-Mass. and chairman of the House Financial Services committee, late Friday announced the new, proposed restrictions for the release of the second $350 billion in TARP funds, and some are stunners. ...
Accountability Time
The Baseline Scenario —
... With Congress back in session, accountability is the theme of the week. Barney Frank announced the “TARP Reform and Accountability Act of 2009,” which I hope to get to in a day or two. But for now I want to talk about Elizabeth Warren and the Congressional Oversight Panel for TARP, which issued their ...
Related Content
Mending the TARP
dealbook.blogs.nytimes.com 1/15/2009 — Last Friday was whack-a-mole day on the TARP plan.
It began when a copy of the report by the TARP Oversight Panel, led by Harvard Law Professor Elizabeth Warren, was given to The New York Times; the report criticized the program's implementation. Ms. ...
Accountability Time
baselinescenario.com 1/12/2009 — With Congress back in session, accountability is the theme of the week. Barney Frank announced the “ TARP Reform and Accountability Act of 2009 ,” which I hope to get to in a day or two. But for now I want to talk about Elizabeth Warren ...
TARP Arm-Twisting Begins Again
nakedcapitalism.com 1/14/2009 — The effort to get the second half of the TARP approved (or more accurately, not force Obushma to nix a Congressional turndown) is all feeling a bit Groundhog Day-ish, without the backdrop of a Lehman collapse and AIG implosion to add a sense of ...
Revisiting TARP
kudlowsmoneypolitics.blogspot.com 12/22/2008 — The TARP plan that debuted in October was described as a way to purchase toxic assets from banks and other lenders in order to unclog the credit system, which is so essential to the efficient functioning of the economy. I supported that plan then, and ...
How to Lose 55 Percent: Invest in TARP
dealbook.blogs.nytimes.com 2/24/2009 — TARP investments are certainly "troubled." And Washington, it turns out, isn't the best short-term investor.
The government's investment in the nation's ailing banks, made through the newly coined Troubled Asset Relief Program, TARP, have taken a huge ...
Another View: A Bailout for the Plaintiff's Bar
dealbook.blogs.nytimes.com 4/30/2009 — Dan Slater, a former litigator, offers this view of who is actually paying to settle shareholder lawsuits against financial companies.
In January 2008, I saw a rock musical in Los Angeles called "Blood, Bloody Andrew Jackson." The refrain from the ...
Quelle Surprise! Big Banks Who Got TARP Funds Reduced Lending
nakedcapitalism.com 1/26/2009 — Before we get to the particulars of tonight's Wall Street Journal story, we need to step back a second. Just like the war in Iraq, which had a ton of justifications served up by the Bush Administration, none of which added up (and the most obvious ...
Banks with bailout funds say loans rise: survey
reuters.com 7/19/2009 — WASHINGTON (Reuters) - More than 80 percent of the U.S. banks that received federal bailout funds said the money had helped them increase lending or avoid a drop in lending as the recession worsened earlier this year, according to a new survey ...
Why Did TARP Change Course?
informationarbitrage.com 11/30/2008 — The twists and turns of TARP have confused and dismayed. From financing "bad" assets to direct capital injections to the myriad applications of its vast resources, TARP is now hardly recognizable from its original incarnation. The question is: Why? ...
Here We Go Again . . .
baselinescenario.com 1/15/2009 — The Wall Street Journal (subscription required; shorter Bloomberg article here ) is reporting that Bank of America will receive billions of dollars more in government aid, probably in a deal that looks something like the second Citigroup bailout, ...
Obama to Get Bailout Cash —
The Big Money 1/13/2009
It looks as if president-elect Barack Obama will get his $350 billion , the remaining half of the TARP fund yet to be spent, the New York Times reports this morning. Despite growing hostility from many Democrat and Republican lawmakers, the ...
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