Bailouts, Tarp Repayment | featured news

Despite TARP Repayments, Banks Are Still Sustained By Government Money

Despite the massive repayments of TARP money coming from our biggest banks, the financial system is still very much dependent on the rescue operations of the government.

Perhaps the best illustration of this is the massive balance sheet of the Federal Reserve, which has inflated by purchases of $1.058 Trillion of mortgage backed securities.

 

Wells Fargo to Repay $25 Billion in TARP Money

Wells Fargo to Repay $25 Billion in TARP Money

Wells Fargo said Monday evening that it would repay the entire $25 billion that it received in the government's bailout last year. It said some of the money would come from a $10.4 billion stock sale.

 

Citigroup to repay $20 billion in bailout money

Citigroup Inc. said Monday it is repaying $20 billion in bailout money it received from the Treasury Department, in an effort ...

 

Fed asks U.S. banks to submit TARP repayment plans

The U.S. Federal Reserve this month asked banks that were part of "stress tests" conducted earlier this year that have not yet repaid money injected under the Troubled Asset Relief Program (TARP) to submit plans to do so, a person familiar with the situation said on Tuesday.

 

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