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Geithner: Bailout program extended to October
14 hours ago ago from The Wall Street Job Report
By David Shepardson for Detroit News Washington Bureau, December 9, 2009 The Obama administration will extend the $700 billion Wall Street and auto bailout fund until October, Treasury Secretary Timothy Geithner told Congress on Wednesday. In a letter to congressional leaders, Geithner said he was using the Treasury's authority under a 2008 law to extend the Troubled Asset Relief Program, or TARP, which has provided about $82 ...
Related contentGeithner: dont declare victory too soon in crisis .: Economic Crisis in US
12 hours ago ago from Economic crisis in US
The U.S. economy is struggling against that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, Treasury Secretary Timothy Geithner said on Thursday. Testifying before a congressional panel that oversees the Troubled Asset Relief Program, or TARP, Geithner took credit for having averted a complete financial meltdown but warned against becoming too optimistic ...
Related contentBofA repays $45B in government bailout funds : Astra Finanz Inc.
18 hours ago ago from Astra Finanz Inc.
Astra Finanz Inc. BofA repays $45B in government bailout funds Posted on December 10, 2009 (12-09) 14:48 PST Charlotte, N.C. (AP) Bank of America Corp. reported Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers viewed like part of the Troubled Asset Relief Program. Images View Larger Image Get Quote Symbol Lookup More Business Smithfield Foods mail 2Q loss on weak ...
Related contentGeithner Warns of ‘Headwinds’ on Road to Recovery
15 hours ago ago from Investing Notes
Geithner Warns of ‘Headwinds’ on Road to Recovery Published: December 10, 2009 WASHINGTON (Reuters) — The United States economy is struggling against “headwinds” that mean the government must retain the ability to respond to unexpected crises, even as it starts to wind down emergency programs, the Treasury secretary, Timothy F. Geithner, said on Thursday. Geithner Statement to Oversight Panel Testifying before a Congressional panel that ...
Related contentObama to extend bailout funds
21 hours ago ago from Blog:elegant gucci shoe
The Obama administration is expected to extend the life of the 700 billion U.S. dollar financial bailout fund until next October, administration officials said on Tuesday. One official said the administration was likely to pledge to use no more than 560 billion dollars from the fund. Another said the plan would be to tap the program to help homeowners secure mortgages through the government's housing program and to free up credit for ...
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Bailout watchdog criticizes loans to big insurers
7 hours ago ago from U.S. News
Bailout watchdog criticizes loans to big insurers WASHINGTON (AP) -- The participation of two big insurers in the $700 billion financial rescue contradicted the goals of the government program, a bailout watchdog said Thursday. The inclusion of Hartford Financial Services Group Inc. and Lincoln National Corp. "was incongruous with the spirit and intent" of the bailout program, according to the report by Special Inspector General Neil ...
Related contentGovernment extends $700 billion bailout - with changes
11 hours ago ago from Media General - WNCT.com
Search: Keyword Site Web | RSS + - Text Size Print Share This Government extends $700 billion bailout - with changes By Amy Kibler | Six & Special Projects Producer Published: December 10, 2009 Updated: December 2009 The government announced it will extend the 700 billion dollar financial ...
Related contentPell Grant program will fall $18 billion short
14 hours ago ago from PopEater
WASHINGTON -The Pell Grant program for needy college students is facing a massive shortfall as the country's bleak job market drives people back to school. An administration official says the program will cost $18 billion more than Congress and the White House had anticipated over the next three years. The official, who was not authorized to speak publicly about the budget, spoke on condition of anonymity. The official said the administration ...
Related contentBanks subsidizing auto TARP, extra money could be spent
18 hours ago ago from BloggingStocks
The bailouts of late 2008 and 2009 have cost the American taxpayers $61 billion, according to the Treasury Department , but the banks aren't to blame this time . The auto manufacturer bailout, which includes Chrysler and General Motors ( GRM ), has cost the country more than $30 billion, with American International Group ( AIG ) consuming another $30 billion. Meanwhile, Bank of America ( BAC ) has already made good with the government, and ...
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