Tarp, Bank Bailout | featured news

Many small banks still struggle to repay TARP

Small Banks

Small banks still owe $11 billion of taxpayer money under TARP, and the government is threatening to unload its stakes in them at big discounts to new investors. Nearly four years after Washington bailed out Wall Street, small banks have yet to repay $11 billion of taxpayer money.

 

'Deadbeat' TARP banks on the rise

'Deadbeat' TARP banks on the rise

The Obama administration has begun monitoring the high-level board meetings of nearly 20 banks that received emergency taxpayer assistance but repeatedly failed to pay the required dividends, according to Treasury Department officials and documents. And it may soon install new directors on some of their boards.

 

TARP bailout to cost taxpayers $25 billion: CBO

TARP bailout to cost taxpayers $25 billion: CBO

The U.S. Troubled Asset Relief Program, which risked $700 billion of government funds to bail out troubled banks and automakers, will cost taxpayers a mere $25 billion, according to an estimate released on Monday by the nonpartisan Congressional Budget Office.

 

Bank Ex-CEO Pleads Guilty to TARP Fraud

The former chief executive of Park Avenue Bank pleaded guilty to charges that he attempted to defraud the Troubled Asset Relief Program.

 

Farkas Charged in TARP Fraud Case

Farkas Charged in TARP Fraud Case

A grand jury has indicted the chief executive of what was once among the nation's largest independent home-loan providers on 16 counts of bank, securities and wire fraud.

 

TARP Oversight Panel Finds Fault With GMAC Bailouts

TARP Oversight Panel Finds Fault With GMAC Bailouts

A report to be released Thursday questions the Bush administration’s decision to rescue “a company that apparently posed no systemic risk to the financial system.”

 

Obama's pushback on banks sends stock lower again

Stocks retreated Friday for a third straight day on fresh concerns about President Barack Obama's proposed restrictions on banks....

 

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 ...

 

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