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 Markets details the real bailout, one that had been shrouded in secrecy until the news servic
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 work left the financial system any stronger?
This is how Barofsky, the outgoing special inspector
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 bailout capital. Lots of banks would have failed otherwise. But paying these fees in the form of divi
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 final requirement imposed on its TARP exit: raising $3 billion via asset sales, which the Federa
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 the Federal Housing Finance Agency, in the most likely scenario--in which prices would remain
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 were also under pressure to modify more mortgages, a costly and time consuming process for whic
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 imagined. It seems to have returned big institutions to good health, relatively speaking, for now anyw
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 carnage. But as of now, we have to be willing to consider the possibility that it has been a resoundi
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 cost more than the total combined costs in today's dollars of the Marshall Plan, the Louisian
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 emerged as a big problem for the federal bailout effort.
A new report from the Treasury has found
