Posts Tagged ‘TARP’

As TARP Losses Mount, President Obama Plans to Announce New Bank Fees

President Obama is expected to announce new banks fees intended to recoup losses under the government’s $700 billion Troubled Asset Relief Program. The Treasury Department estimates losses of as much as $120 billion stemming from the TARP program. While details of the President’s plan are unclear, the Wall Street Journal commented that the fee could [...]

Budget January 13, 2010 9:01 pm 0 Comments

Banks’ TARP Repayments Hide Underlying Flaws

On December 15, 2009, Citigroup and Wells Fargo won approval to begin repaying $45 billion in aid that they received from the Federal Government. Many view this as a sign that the financial sector in the United States is rebounding, and that the $700 billion Troubled Asset Relief Program (TARP) has been a success. TARP [...]

Budget December 30, 2009 5:42 pm 0 Comments