"Living wills" were designed to facilitate the orderly wind down of big banks that run into Lehman Brothers-like liquidity issues. The point is to put these banks out of their misery without a costly TARP-like effort, that is, without keeping taxpayers on the hook for the banks' mistakes. The fact that TARP turned a profit on many "investments" is irrelevant.
The Treasury Department announced late Monday that it will sell its 234.2 million remaining shares of AIG common stock in a public offering.
It was good news when it became apparent that the TARP bailout wasn't a complete loss for taxpayers.
It's all too easy to forget TARP.
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
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
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
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
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
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