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December 20, 2014
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Tag: Troubled Asset Relief Program


Flickr / epicharmus

Why Bailouts Will Continue Until the Big Banks Are Broken Up

TARP—the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008—is over. The Treasury Department announced it will be completing the sale of the remaining shares it owns of the banks and of General Motors. But in reality it’s not over.

Posted on Jan 8, 2013 READ MORE



AP/Scott Applewhite

Truthdigger of the Week: Ex-TARP Investigator Neil Barofsky

In late 2008, Neil Barofsky was appointed the Treasury Department’s investigator of the bank bailouts. In the time since, he has suffered dismissal and deprecation from his colleagues and the corporations they’re supposed to regulate.

Posted on Aug 4, 2012 READ MORE



jpellgen

Fallout From the Bungled Bank Bailout

The financial meltdown and subsequent bailout have dampened Americans’ faith in government and stirred widespread outrage. Neil Barofsky, who once served as special inspector general in charge of oversight of the Troubled Asset Relief Program, says that anger may point the way toward reform.

Posted on Jul 23, 2012 READ MORE


Timothy Geithner
Wikimedia Commons / Presidencia de la Nación Argentina

Geithner Gives TARP an Extension

The Troubled Asset Relief Program, otherwise known as TARP, was scheduled to expire at the end of this year, but Treasury Secretary Timothy Geithner told Congress on Wednesday that it’ll stick around until October 2010, partly as a precautionary measure in case of economic emergency and partly to help struggling homeowners, banks and small businesses.

Posted on Dec 9, 2009 READ MORE


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