Hillary Clinton: NY Banks Biggest Winner in Bailout
In October 2008, then Sen. Hillary Clinton (D., N.Y.) told a radio station about her reasoning for voting for TARP (Troubled Asset Relief Program).
TARP
Pelosi: We Didn’t Lose in 2010 Because of Obamacare
Robbing Peter to Pay Peter
Some banks used a federal program intended to increase lending to small businesses to circumvent restrictions placed on them by the federal economic bailout, a congressional hearing Wednesday morning revealed.
The Cyprus Claw Back: Could It Happen Here?
The federal agency that insures bank deposits says it does not have the authority to seize deposits to stabilize failing banks, though finance experts warn that the agency can impose losses on large depositors through other means.
Federally Financed Largesse
A House Oversight subcommittee rebuked the Treasury official who oversees executive pay for federally supported companies at a hearing on Tuesday.
Treasury Approved Big Bonuses for Ally, GM, AIG Execs
The Treasury Department approved large compensation packages for executives at three firms that received bailout funds, the special inspector general for the Troubled Asset Relief Program found in a new report.
ACORN Redux
Congress prohibited the federal government from funding the Association of Community Organizations for Reform Now (ACORN), but that hasn’t stopped the Obama administration from funneling nearly half a billion dollars to the controversial group’s founder.
Statistical Follies
A recent blog post authored by an employee of the left-wing Center for American Progress Action Fund and touted by the Obama campaign and media sympathizers is under fire from center-right experts, who charge that the post is flawed and misleading.
Untrustworthy Ally
The Treasury Department is keeping billions of taxpayer dollars in America’s most troubled bank to spare President Barack Obama the embarrassment of another failed bailout, according to financial experts.
Mortgaging the Future
With the housing market weak and his job approval ratings under 50 percent, President Obama unveiled a new housing plan today at an appearance in the important battleground state of Virginia. The Wall Street Journal reports that the proposal includes Federal Housing Administration-subsidized refinancing of mortgages backed by government-sponsored enterprises Fannie Mae and Freddie Mac. The …
