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TARP Extended, Now a “Petty Cash Drawer for Politically Favored Interests”
9 hours ago ago from Visit Offshore Inn when Living Overseas for International Real Estate, Overseas Jobs, Asset Protection, Expatriate Resources and Overseas Retirement
Drunken fools and slush funds have one thing in common. No one ever acts to cut them off. Thus, it should be no surprise Treasury Extends TARP . Facing opposition from Republican lawmakers, the Obama administration is extending its $700 billion financial-rescue program until next October, as expected, Treasury Secretary Timothy Geithner said Wednesday. The Troubled Asset Relief Program, which has been a lightning rod for criticism that ...
Related contentChristina Romer Says Spending Our Way Out of Recession Is “Sensible Policy” – 12/9/09
18 hours ago ago from Silver and Gold outlook
by Peter Gorenstein Christina Romer, chair of the White House Council of Economic Advisers, says some of it could come from the $200 billion the government plans to get back in TARP funds. Obviously you don't use that directly on any of these programs but it does tell you we have made some progress in the fiscal space, she tells Tech Ticker. And we think [this] frees up some resources that can be used to for this incredibly ...
Related contentTreasury to Extend TARP to October
17 hours ago ago from Economy Today
Treasury Secretary Timothy Geithner, in letters to lawmakers on an exit strategy for government bailout funds, said the administration will extend the life of the $700 billion financial-industry rescue package and shift priorities for expenditures. Mr. Geithner said the Troubled Asset Relief Program will be extended through Oct. 3, 2010. While we are extending the $700 billion program, we do not expect to deploy more than $550 billion, ...
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19 hours ago ago from LATICONOMICS
Geithner Extends $700 Billion Bank-Bailout Program (Update3) By Robert Schmidt and Rebecca Christie Dec. 9 (Bloomberg) -- The Obama administration extended the $700 billion financial-rescue program until October, arguing that the U.S. must hold on to the money in case of new financial shocks. In a letter today to congressional leaders, Treasury Secretary Timothy Geithner said the department doesn’t expect to ...
Related contentCitigroup's TARP Payback
13 hours ago ago from Michigan Interactive Investments, LTD.
A CNBC article today explained how Citigroup plans to pay back $45 billion in TARP funds. This payback would allow Citigroup to completely exit the TARP program. Citigroup plans to issue $20 billion in new common stock shares to fund this payback. On December 9, Citigroup’s stock price dropped by 2.05%, mainly because the $20 billion in new common shares will dilute current shares, decreasing their value. According to a “Trader Talk” article ...
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BofA repays all federal bailout funds
12 hours ago ago from NBC
U.S. business" href="http://www.msnbc.msn.com/id/3174182/device/rss/rss.xml" xmlns:media="http://search.yahoo.com/mrss/" /> sponsored by Categories ...
Related contentTreasury Asks Congress to Extend TARP - FOXBusiness.com
18 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Government Wednesday, December 09, 2009 Treasury Asks Congress to Extend TARP  FOXBusiness  The U.S. Treasury Department on Wednesday ...
Related contentBank of America: Paid in full
13 hours ago ago from CNN Money
NEW YORK (CNNMoney.com) -- Billions of dollars in bailout money received by Bank of America over the past year is now officially back in government hands. Just a week after announcing plans to repay $45 billion in aid from the Troubled Asset Relief Program (TARP), the nation's largest lender said Wednesday it had cut a check to the government for the full amount. We owe taxpayers our thanks for making these funds available to the nation's ...
Related contentWatchdog: U.S. Bailout Fund Did Little to Increase Lending, Stop Foreclosures - FOXBusiness.com
21 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Government Wednesday, December 09, 2009 Watchdog: U.S. Bailout Fund Did Little to Increase Lending, Stop Foreclosures  Reuters  The U.S. ...
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