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Tag Archive: Bailout

The bailout is investing again

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The Troubled Asset Relief Program (TARP) has started to grow again, after the Department of Treasury announced in December of last year the bailout would be coming to a close. Earlier this month, the Department of Treasury invested $21 million in small business loans with more investments to come that could total as much as $15 billion.

The money is being spent to purchase securities backed by the Small Business Administration in yet another effort to stimulate lending in the economy. The $15 billion dedicated to this program is considerably smaller than other TARP programs, such as the Capital Purchase ...

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Bailout watchdog criticizes home loan program

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A year after the $75 billion program to reduce mortgage payments under the Home Affordable Modification Program (HAMP) went into effect, a recent audit report criticized  the outcome of the program as "disappointing." So far, out of the million trial mortgage modifications, under which homeowners can have their mortgage payment reduced for three months, only 168,000 loans have been permanently reduced falling drastically short of the 3 to 4 million initial goal of the Department of Treasury.


According to the Special Inspector General for the Troubled Asset Relief Program audit Treasury admitted its goals of the HAMP program have ...

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