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Mending the TARP
Mending the TARP
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. Warren then appeared on ABC's Good Morning ...
Troubled Asset Relief Program (TARP) Report
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
The Terrible Lessons of TARP
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
House Financial Services Committee
house.gov — 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 ... (more) House Financial Services Committee
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The Third Bailout Step: Pure Nationalization?
Conglomerate — ... discount window game.  The financial regulators have acted in a hurry during the entirety of the crisis, but it seems like every facet of the government is currently in a place indisposed for the sort of quick action predicted by the current rumors.  Will everyone be willing to wait? If I was betting, I would bet against a nationalization ... at least until next Thursday. Bonus reading: nice, albeit conflicting, reviews of the TARP-so-far by Posner and Davidoff. ...

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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 ...
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 ...
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 ...
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, ...
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? ...
TARP deadbeats
blogs.reuters.com 10/9/2009 — Thirty-three TARP recipients missed a scheduled dividend payment to taxpayers last month, according to the Treasury Department, including 18 banks that missed a payment for the first time. It’s a powerful indication that the U.S. banking system ...
Obama to Get Bailout CashThe 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 ...