Since the 1990 election cycle, the finance, insurance and real estate sector (FIRE) has donated over $2.3 billion to federal... View ArticleContinue reading
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 ...
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 ...
Yet another member of Congress has been found pushing the Treasury Department for TARP funds despite having a long-standing relationship... View ArticleContinue reading
In September, the Treasury Department released its TARP lobbying disclosure rules, nearly eight months after a press release heralding their... View ArticleContinue reading
According to the Hill, yesterday the Treasury Department released its rules regarding “Communications With Registered Lobbyists And Other Persons About... View ArticleContinue reading
Not sure what I think about this, but former TARP czar Neil Kashkari, appointed under President Bush, told the TARP... View ArticleContinue reading
With the passing of Sen. Ted Kennedy, the gavel he wielded as chair of the Senate Health, Labor, Education &... View ArticleContinue reading
Earlier this month, the Inspector General responsible for overseeing the government’s bailout of the financial sector released an audit of... View ArticleContinue reading