Tag:
TARP
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Latest Headlines
The truth behind the real bank bailout
When people think about the bailout of top U.S. banks at the depth of the financial crisis of 2008, they tend to the think of TARP, a $700 billion program aimed at propping up banks. But Bloomberg
Neil Barofsky, TARP watchdog, earns praise
Farewell, Neil Barofsky. You will be missed. Most people assume TARP has been a huge success in part because the costs to American taxpayers may not be as large as initially expected. But has its
TARP deadbeats pose major problems
One of the big chafing points regarding the TARP bailout was the hefty dividends that were required. No one denies that the government--and all taxpayers--has the right to exact fees for injecting
Bank of America close to capital raising target
When Bank of America ( NYSE: BAC ) repaid its TARP borrowings a year ago, the event was hailed a milestone in the bank's bid to return to financial health. A year later, it is close to satisfying the
Fannie and Freddie still struggling, costs mount
No wonder Fannie Mae and Freddie Mac are being so aggressive about putting bonds back with the originators. They really can't afford any more losses right now. According to the latest projection from
Behind the foreclosure mess
When it comes to the foreclosure mess right now, banks are in a bind. On one hand, they have every incentive to process the flood of foreclosures promptly and professionally. On the other hand, they
Derivatives clearinghouses, the next too-big-to-fail entities?
The end of the Troubled Asset Relief Program (TARP)--recall that it expired on Sunday--was accompanied with a lot of feel-good encomiums. The program will likely end up a lot less costly than may
TARP a huge success?
The Troubled Asset Relief Program (TARP) has been reviled by many; the public at large continues to see it as a bailout for fat cats that was anything but necessary to stop the spread of financial
TARP investment returns strong
Back in November 2008 ABC News warned that government bailout of the financial system would cost about $7.5 trillion , "the most expensive single expenditure in American history." The bailout "will
Small banks still suffering, as big banks mend
Many of the biggest TARP-baby banks have paid back the government, or have plans to do so, and are considered past the point where they could actually fail. But not so for small banks, which have
