Putting the Fed on a budget would both save taxpayers money and make the Fed more efficient.
TARP losses now estimated at $51 billion - LAT
The Treasury Department expects to incur more “substantial losses” from the separate government seizure of Fannie Mae and Freddie Mac
Happy birthday, bank bailout!
Sunday marks the two-year anniversary of TARP. Looking back, it’s clear that TARP didn’t live up to expectations.
TARP cost could be much less than initially expected - NYT
It could end up losing much less than the initial figure of 700 billion
Treasury set to drastically cut TARP cost estimate - FT
The administration is set to lower its estimate of the cost of TARP when it celebrates the end of the bail-out effort next week
Treasury Dept. secretly gives Maxine Waters-linked bank special bailout treatment - WaPo
OneUnited Bank received special treatment that went beyond what the Treasury Department or the bank and its political supporters have previously disclosed
Warren: TARP hurting small banks - CNBC
The Troubled Assets Relief Program (TARP) places more burdens on small banks than on big ones
Geithner says bailout money is being repaid - AP
Treasury secretary tells watchdog panel that taxpayers are recovering their investment from the financial bailouts; acknowledges there will probably be loss from rescue of insurer, American International Group
Larry Kudlow: How to save Europe - The Daily Caller
A blanket loan guarantee for European bank debt would put an end to this crazy Greek drama
Wells Fargo warrants up for auction - Forbes
The Treasury Department will be putting its Wells Fargo warrants up for auction Thursday
The GM/TARP shell game
People have been suspicious of government since governments began. But the interesting and unique aspect to this equation is the medium in which the government is promoting its agenda, namely, hiding behind a “private” company using traditional advertising
Wed.'s Puts and Calls: The government's post-bailout fiduciary duty - The Daily Caller
Fiduciary duty, possible new limits on corporate donations and financial and health reform
Obama stumbled on Wall Street
Do threats of tighter regulations and higher taxes on banks sound like a way to increase lending? President Obama seems to think so
Financial reform will probably happen – but will it work?
We may end up with more regulation, but not necessarily better regulation. I wish we could do better
TARP-ing the middle class is an outrage
As America’s nanny state grows larger, its economy will grow weaker. With everybody focused on Obamacare and its new entitlement spending and taxing, the administration has tried to sneak in yet another bailout for housing. Yet again, Team Obama is rewarding reckless behavior, punishing the 90 percent of responsible homeowners
FDIC Report and Banks
The Federal Deposit Insurance Corporation (FDIC) released its Quarterly Banking Profile (QBP) for year-end 2009. Things have never been worse for the banking system: bad loans (loans that are 90 days or more past due) account for 5.37% of all loans and leases, an all-time record; net charge-offs (NCOs) – losses taken on bad loans – totaled $53.0 billion, or 2.89% (annualized), in the fourth quarter which is also the highest rate ever recorded in the QBP’s 26 year history
Raising Wall Street's TARP tax - The Daily Caller
Senate voting on 50 percent bonus tax on Wall Street TARP recipients
Treasury official: No such thing as 'too big to fail' - Wall Street Journal
There is no U.S. government guarantee to protect the largest financial firms, a Treasury Department official said Thursday, as a congressional watchdog criticized the $45 billion in government aid provided to Citigroup