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Tarp News

Op-Ed: The Obama General Motors duplicity

For three years our consciousness has been bombarded with assertions from Obama, his handlers, and his justifiers, that he is pro-business, -- after all did he not singlehandedly “save” America’s auto industry? Enough with the lies already!

T.A.R.P. aka the 'Wall Street Bailout' yields an 8.2% return

New York - Recent findings show that the $309 billion investment the government made in banks and insurance companies may have been proven to be a wise move.

Former Park Avenue Bank President accused of defrauding TARP

New York - Former President of the small business financial institution Park Avenue Bank has been arrested and accused of defrauding the U.S. Troubled Asset Relief Program.

Wall Street's Top Three Banks to Receive $49.5 in Bonuses

Despite creating the worst financial crisis since the Great Depression with deceptive, potentially fraudulent trading practices that have left Main Street in ruins, the top three Wall Street banks will be handing out $49.5 billion in bonuses

Wells Fargo Announces Repayment of TARP Funds

Wells Fargo & Co confirmed on Monday that it is ready to repay the $25 billion it received from the U.S. government under the Troubled Asset Relief Program (TARP).

Op-Ed: Citigroup wants to repay TARP, Fed and markets not so sure

Citigroup, the world’s biggest financial convalescent, is trying to walk on its own by repaying the TARP money it received. It’s hoping to use re-capitalization from sales and a stock offering to cover the large hole in the operational capital.

Slashing $200 billion From TARP

The White House is expected to announce they are prepared to slash $200 billion in TARP dollars. That freed up money would to be used to fund the creation of jobs.

Bank of America to Repay TARP

Bank of America is preparing to pay back the $45 billion dollars it borrowed from the U.S. government as part of the Troubled Assessts Recovery Program (TARP).

CIT's bankruptcy filing a $2.3 billion loss for U.S. taxpayers

CIT filed for Chapter 11 protection on Sunday in an effort to cut $10 billion in debt. The move will set the U.S. Treasury – and American taxpayers – back by $2.3 billion.

Inspector General: U.S. TARP Could Cost $24 Trillion

After the financial collapse, the United States could see costs of $24 trillion for the financial bailouts, according to inspector general Neil Barofsky.

Obama Administration Appoints Feinberg to Oversee Executive Pay

Those companies that have received assistance from the US Government under the Troubled Asset Relief Program (TARP) will now have the level at which they set the compensation for their top executives decided by a newly appointed Washington official.

Op-Ed: Police With Backbone, Teachers With Brains, Both Fighting a Giant

The sale of the automaker Chrysler Group to an Italian car maker, Fiat, has been put on hold. Teachers and police officers in Indiana filed an emergency petition in the U.S. Supreme Court to block the sale.

AIG Bonuses Draw Fire on Hill

AIG was one of the first financial firms to cry “broke” and pony up to the federal government for a rescue. At the time the rationale for federal aid was the company’s failure would cause a ripple in the economy and cause a larger meltdown.

Op-Ed: Citigroup says a lot, but who’s listening?

TARP is the big bailout, the Troubled Asset Relief Program. A bit of digging, and you’ll find a PDF which refers to Citigroup’s last quarter since the bailout. It's about what Citigroup has been doing with all that Federal money.

GM And Chrysler Line Up At The Pump

March was tagged as a critical month in the nation’s economic recovery because General Motors and Chrysler were due to report back on their finances after receipt of federal funds from the Troubled Asset Relief Program (TARP).

U.S. Treasury Has No Idea How Bailout Bucks are Being Spent

The next time someone from the bank calls you during dinner, asking if you intend to make a payment, you may want to ask them how they spent their bailout bucks. Chances are good, they won’t have an answer.
 

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Neil M. Barofsky  a former federal prosecutor and a trial lawyer
Neil M. Barofsky, a former federal prosecutor and a trial lawyer
PR photo / Jenner & Block LLP

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