TARP

Robbing Peter to Pay Peter

Banks took federal money to repay bailout, IG says

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?

‘Claw backs’ like those seen in Cyprus unlikely in America, FDIC says

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

Republicans criticize Treasury officials for giving bailed-out execs excessive pay

A House Oversight subcommittee rebuked the Treasury official who oversees executive pay for federally supported companies at a hearing on Tuesday.

ACORN Redux

Treasury awards $445M to Illinois agency headed by ACORN director

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

Center for American Progress Action Fund figures cited by Obama campaign and liberal media wildly misleading, experts say

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

Treasury is keeping billions of taxpayer dollars in America’s most troubled bank to spare President Barack Obama the embarrassment of another failed bailout, experts say

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

Taxpayer bailout to cost $5 to $10 billion

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.