online.wsj.com - 11/12/2008
—
Landov Neel Kashkari runs the Treasury's TARP program, which is unlikely to conduct any auctions to purchase bad loans and other troubled assets -- the original intention of the $700 billion financial-industry rescue plan.
Comments
Blog Reactions
US Treasury eyes private role in TARP
FT Alphaville —
The US Treasury Department, signalling a new phase in its $700bn financial rescue plan, is considering requiring companies seeking future government money to raise private capital in order to qualify for public assistance, reports the WSJ. The move is not expected to apply to the existing $250bn capital-purchase programme, which is already injecting money into banks. Treasury is considering attaching such conditions to any of its future capital investments, said people familiar with the matter. At the same time, Treasury is unlikely to conduct any auctions to purchase bad ...
The Treasury bailout, getting private equity involved
BloggingStocks —
... Paulson may be asking to change that. According to The Wall Street Journal, "The Treasury Department, signaling a new phase in its $700 billion financial-rescue plan, is considering requiring that firms seeking future government money raise private capital in order to qualify for public assistance." ...
Opening Bell: 11.12.08
Dealbreaker —
... Have Americans finally gotten the point? It seems rather obvious people can't afford the crap their buying: if you make 40k a year you can't afford a 40k car, 200k house, and 20k in credit lines. It's just not possible. You can't afford that crap at 80k a year, though I'm sure you could show me some spreadsheet that proves beyond a shadow of a doubt that if you account for 98% of your earnings and you stretch the car loans out to 6 years, you can just make it.
Treasury May Call For PE Backer To Injections (WSJ)
The Treasury is pulling a classic girlfriend move ...
Another Day, Another ‘New’ New Phase Of Same Old TARP
Trader Daily Combined Feed —
... from Democrats in Congress to open the program to the ailing auto sector.
In another step, U.S. bank regulators could announce guidelines this week designed to encourage U.S. banks to remain active lenders as financial markets are squeezed. Many U.S. companies and individuals have become dependent on bank credit lines as financial markets have tightened up. The regulatory guidelines could also address sensitive issues of bank dividend payments and executive pay.
Continue reading on WSJ.com
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. ...
The Terrible Lessons of TARP
ritholtz.com 1/13/2009 — 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 ...
White House Considers Using TARP for Automakers
calculatedrisk.blogspot.com 12/12/2008 — From MarketWatch: White House considers using TARP for auto bailout The Bush administration will consider ... using ... the Troubled Asset Relief Program, White House spokeswoman Dana Perino said Friday. "A precipitous collapse of this industry would have a severe impact on our economy, and it ...
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 ...
House Financial Services Committee
house.gov 1/10/2009 — 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 ...
Troubled Asset Relief Program (TARP) Report
cboblog.cbo.gov 1/16/2009 — 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 ...
U.S. Considers Financial Pay Rules
nytimes.com 5/13/2009 — Obama administration officials are contemplating a major overhaul of the compensation practices in the financial services industry, moving beyond banks to include more loosely regulated hedge funds and private equity firms. Federal policymakers have ...
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 ...
Follow WallStreetBlips on Twitter
