• Why the U.S. Government Bought 'Troubled Assets'

    The Troubled Asset Relief Program was created in 2008 to prevent financial collapse by allowing the U.S. government to buy up troubled assets. But it ended up being used to bailout big banks. Paul Solman talks to Neil Barofsky, author of the new book "Bailout," about his role as the former TARP Special Inspector General.

    published: 03 Aug 2012
  • Oversight of Troubled Asset Relief Program Loans: Tim Geithner vs. Elizabeth Warren (2009)

    The Emergency Economic Stabilization Act created the Troubled Asset Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector General for TARP (SIGTARP), the Financial Stability Oversight Board, and additional requirements for the Government Accountability Office (GAO) and the Congressional Budget Office (CBO). The "Congressional Oversight Panel" was mandated by Title 1, Section 125 of the TARP legislation [6] as an "establishment in the legislative branch." The Congressional Oversight Panel is charged with the job of reviewing the state of the markets, current regulatory system, and the Treasury Department's management of the Troubled Asset Relief Program. The panel is requ...

    published: 29 Jul 2013
  • Financial Crisis Timeline Part 3 - TARP and Moral Hazard

    http://www.kanjoh.com. disclaimer - none of these videos is meant to be personalized financial advice.

    published: 10 Jul 2009
  • Troubled Asset Relief Program (TARP) Funds Commercial

    A MasterCard influenced commercial about the Troubled Asset Relief Program (TARP) Funding

    published: 27 Jan 2009
  • T.A.R.P. Explained by an Honest American

    An Honest American explains the Bank Bailout in terms that are easy to understand... at least for him.

    published: 19 Apr 2009
  • Should Government Bail Out Big Banks?

    Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Nicole Gelinas, a fellow at the Manhattan Institute, has the answer, and it will have big implications for policymakers when they grapple with the next economic crisis. Donate today to PragerU: http://l.prageru.com/2eB2p0h Do you shop on Amazon? Now you can feel even better about it! Click http://smile.amazon.com/ch/27-1763901 and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Charity made simple. Visit us directly! https://www.prageru.com You can support PragerU by clicking https://www.classy.org/checkout/donation?eid=60079 Free videos are great, but to continue producing high-...

    published: 22 Jun 2015
  • Bank Loans to Businesses: Troubled Asset Relief Program - Elizabeth Warren (2009)

    The primary purpose of TARP, according to the Federal Reserve, was to stabilize the financial sector by purchasing illiquid assets from banks and other financial institutions. However, the effects of the TARP have been widely debated in large part because the purpose of the fund is not widely understood. A review of investor presentations and conference calls by executives of some two dozen US-based banks by The New York Times found that "few [banks] cited lending as a priority. Further, an overwhelming majority saw the program as a no-strings-attached windfall that could be used to pay down debt, acquire other businesses or invest for the future." The article cited several bank chairmen as stating that they viewed the money as available for strategic acquisitions in the future rather than...

    published: 15 Jul 2013
  • Citigroup Under the Troubled Asset Relief Program: Elizabeth Warren (2010)

    Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group in October 1998 (announced on April 7, 1998). The year 2012 marked Citi's 200th anniversary. It is currently the third largest bank holding company in the United States by assets. Its largest shareholders include funds from the Middle East and Singapore. Citigroup has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company currently employs approximately 260,000 staff around the world, which is down from 267,150 in 20...

    published: 05 Sep 2013
  • Elizabeth Warren Says TARP Will Probably Make a Profit: Video

    Nov. 6 (Bloomberg) -- Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg's Carol Massar, Adam Johnson and Jon Erlichman about the outlook for TARP. Warren, speaking from Washington, also discusses the transparency of assets backed by government funds and systemic risk created by banks that are perceived as too big to fail. (Source: Bloomberg)

    published: 23 Mar 2012
  • Only 3% of 'Hardest Hit' TARP Fund Used

    Did you know that TARP, the Troubled Asset Relief Program wasn't just about bailing out the big banks? In February of 2010, the Treasury Department established an initiative called The Hardest Hit Fund, a $7.6 billion program aimed at helping families in states hit hardest by the housing market, and where unemployment rates were highest. It turns out that only 3% of that budget has been used in the two years since the program's creation. Firedoglake's David Dayen discusses. Twitter: http://twitter.com/#!/TheAlyonaShow Facebook: http://www.facebook.com/TheAlyonaShow

    published: 13 Apr 2012
  • Jim Cramer explains how Hedge Funds Made Billions from TARP Program

    Jim Cramer on Mad Money explains how Hedge Funds made Billions from the Bailout TARP Bill.

    published: 14 Dec 2008
  • Wall Street Bailout

    Neil Barofksy, the Special Inspector General for the Troubled Asset Relief Program (TARP), recently released his audit of the emergency capital injections provided to Bank of America and other financial institutions through the TARP program, and the audit revealed that high ranking federal officials, including former Treasury Secretary Henry Paulson and current Federal Reserve Chairman Ben Bernanke, misled the American people about the true financial state of Bank of America and the other initial TARP recipients which received an initial $125 billion bail out. Paulson, Bernanke and others said that they were injecting money into these institutions because they were healthy and that doing this would allow these banks to lend money and unfreeze the credit market and show confidence in the U...

    published: 06 Oct 2009
  • Notebook: The Opaque TARP

    Katie Couric questions the rather murky handlings of the massive bailout agenda known as the Troubled Assets Relief Program, or TARP for short. Couric calls for more clarity with this initiative.

    published: 16 Jan 2009
  • What are Banks Doing with the Bailout Money? - Neel Kashkari

    Complete video at: http://fora.tv/2009/01/13/Neel_Kashkari_on_the_Market_Crisis_and_Asset_Relief Treasury Department official Neel Kashkari answers key questions about the state of banking and the capital investments made by the Troubled Assets Relief Program (TARP). He also predicts future activity in lending and consumer confidence. ----- Neel Kashkari, assistant secretary for financial stability at the U.S. Department of Treasury, addresses the federal government's effort to strengthen the financial sector through purchase of assets and equity from financial institutions in the wake of the subprime mortgage loan crisis. Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari ov...

    published: 21 Jan 2009
  • Troubled Assets Relief Program

    Sen. Cornyn expresses his opposition to releasing the second half of the Troubled Assets Relief Program funding.

    published: 15 Jan 2009
  • What Is TARP Money?

    Bailed out banks gave millions in exec bonuses, ny ag report was tarp passed under bush or obama? 16 owe money 8 years after great recession. The troubled asset relief program (tarp) is a of the united states government to purchase toxic assets and equity from financial institutions strengthen its sector that was signed into law by president george w. But at what cost? What did tarp do well, and aug 8, 2010 the money really get paid back? The part of that deals with banks big banks, anyway has largely been repaid goldman sachs, morgan, wells fargo, bony, other bigfoot have back their loans. The treasury department used tarp funds to invest, make loans and guarantee assets. Wikipedia wiki troubled_asset_relief_program url? Q webcache. Tarp definition, cost, who it helped the balancetroubled...

    published: 08 Sep 2017
  • GAO: TARP Testimony on Status of Efforts to Address Transparency and Accountability Issues

    This testimony discusses our work on the Troubled Asset Relief Program (TARP), under which the Department of the Treasury (Treasury), through the Office of Financial Stability (OFS), has the authority to purchase or insure almost $700 billion in troubled assets held by financial institutions. It focuses on (1) the nature and purpose of activities that have been initiated under TARP over the past year and ongoing challenges; (2) Treasury's efforts to establish a management infrastructure for TARP; and (3) outcomes measured by indicators of TARP's performance. Get the complete report at: http://www.gao.gov/products/gao-09-1048t Disclaimer: The U.S. GAO does not promote or endorse any non-Government or commercial content appearing on this page.

    published: 01 Oct 2009
  • General Motors Under the Troubled Asset Relief Program: Auto Industry Loans (2010)

    December 12, 2008: General Motors stated that it was nearly out of cash, and may not survive past 2009. The U.S. Senate voted and strongly opposed any source of government assistance through a bailout bridge loan (originally worth $14 billion in emergency aid) which was aimed toward helping the struggling Big Three automakers financially, despite strong support from President George W. Bush and President-elect Barack Obama, along with some mild support from the Democratic and Republican political parties. Prior to the U.S. Senate's announcement, General Motors announced that it had hired several lawyers to discuss the possibility of filing for bankruptcy, with Chapter 11 bankruptcy being one of the options discussed. GM stated that "all options are on the table" for the company. Chrysler ...

    published: 29 Aug 2013
  • Why Was TARP Created?

    Troubled asset relief program (tarp) investopedia. Treasury secretary hank paulson told congress its implementation was required to stem a worldwide economic collapse 24 may 2011 [see slide show of 5 reasons tarp succeeded and why it the government risked creating problem moral hazard that is, troubled asset relief program (tarp) created by emergency stabilization act (eesa110 343) in october 2008. Treasury to put its proposed troubled asset relief program into effect. 3, 2010, the central feature of eesa was tarp, established by the treasury 18 mar 2015 cbo estimates that, all told, the tarp's transactions will cost the federal 110 343) established the troubled asset relief program (tarp) to 23 jun 2017 cbo estimates that the net cost of the tarp will total $33 law 110 343) established th...

    published: 08 Sep 2017
  • TARP (Troubled Asset Relief Program)

    Inspired by slides that pr9 sent me

    published: 19 Feb 2009
  • Troubled Asset Relief Program Oversight: Credit, Loans, Finance - Elizabeth Warren Testimony (2010)

    The banks agreeing to receive preferred stock investments from the Treasury include Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp. (which had just agreed to purchase Merrill Lynch), Citigroup Inc., Wells Fargo & Co., Bank of New York Mellon and State Street Corp. The Bank of New York Mellon is to serve as master custodian overseeing the fund. As of 2009, the U.S. Treasury has not yet released an official list of TARP recipients (though it periodically announces recipients in batches). News organizations ProPublica and the New York Times have kept lists of the recipients based on Treasury and individual institution announcements. Beneficiaries of TARP include the following: Company Preferred Stock purchased (billions USD) Assets guaranteed (billi...

    published: 10 Oct 2013
  • What Was The Troubled Asset Relief Program?

    That estimate accounts for the realized costs of 19 nov 2009 an economist evaluates success troubled asset relief program, a year later program (tarp) read definition and 8000 other financial investing terms in 12 u. Troubled asset relief program tarp investopedia. Troubled asset relief program wikipedia en. The troubled asset relief program (tarp) is a of the united states government to purchase toxic assets and equity from financial institutions strengthen its sector that was signed into law by president george w. Congress authorized $700 billion 7 mar 2017 treasury announced a voluntary capital purchase program to encourage u. A troubled asset relief program for the patient centered medical. Code subchapter i troubled assets relief program 5220a application of gse conforming loan limit ...

    published: 22 Jun 2017
  • Warren Says TARP Worked for Wall Street, Not Small Banks: Video

    July 14 (Bloomberg) -- Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks about the effectiveness of TARP and the viability of a consumer protection bureau, which would be created under the financial overhaul bill. Warren talks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

    published: 23 Mar 2012
  • Barofsky: Not Fixing Too Big To Fail Raises Spectre Of New Bank Bailouts

    Oct. 24 (Bloomberg) -- Neil Barofsky, Senior Fellow at NYU School of Law and former special inspector general for the Troubled Asset Relief Program (TARP), talks with Bloomberg Law's Lee Pacchia about the federal government's regulatory response to the financial crisis of 2008 and the prospects for the financial industry going forward.

    published: 24 Oct 2011
developed with YouTube
Why the U.S. Government Bought 'Troubled Assets'

Why the U.S. Government Bought 'Troubled Assets'

  • Order:
  • Duration: 7:41
  • Updated: 03 Aug 2012
  • views: 3320
videos
The Troubled Asset Relief Program was created in 2008 to prevent financial collapse by allowing the U.S. government to buy up troubled assets. But it ended up being used to bailout big banks. Paul Solman talks to Neil Barofsky, author of the new book "Bailout," about his role as the former TARP Special Inspector General.
https://wn.com/Why_The_U.S._Government_Bought_'Troubled_Assets'
Oversight of Troubled Asset Relief Program Loans: Tim Geithner vs. Elizabeth Warren (2009)

Oversight of Troubled Asset Relief Program Loans: Tim Geithner vs. Elizabeth Warren (2009)

  • Order:
  • Duration: 1:54:37
  • Updated: 29 Jul 2013
  • views: 1743
videos
The Emergency Economic Stabilization Act created the Troubled Asset Relief Program to administer up to $700 billion. Several oversight mechanisms are established by the bill, including the Congressional Oversight Panel, the Special Inspector General for TARP (SIGTARP), the Financial Stability Oversight Board, and additional requirements for the Government Accountability Office (GAO) and the Congressional Budget Office (CBO). The "Congressional Oversight Panel" was mandated by Title 1, Section 125 of the TARP legislation [6] as an "establishment in the legislative branch." The Congressional Oversight Panel is charged with the job of reviewing the state of the markets, current regulatory system, and the Treasury Department's management of the Troubled Asset Relief Program. The panel is required to report their findings to Congress every 30 days, counting from the first asset purchase made under the program. The panel must also submit a special report to Congress about regulatory reform on or before January 20, 2009.[7] The Congressional Oversight Panel will cease to exist on December 31, 2009 unless renewed.[8] The panel consists of five outside experts appointed as follows: One member chosen by the Speaker of the House (Nancy Pelosi selected Richard H. Neiman on November 14[9]) [10] One member chosen by the minority leader of the House (John Boehner appointed Jeb Hensarling on November 19) [11] One member chosen by the majority leader of the Senate (Harry Reid appointed Elizabeth Warren on November 14) One member chosen by the minority leader of the Senate (Mitch McConnell appointed John E. Sununu on December 17 after his original choice Judd Gregg had "stepped aside" December 1 [12]). One member chosen by the Speaker of the House and the majority leader of the Senate, following consultation with the minority leaders of Congress (Damon Silvers [13] was appointed on November 14) The first meeting of this board was held Wednesday, November 25, 2009, and elected Elizabeth Warren as the chairperson and Damon Silvers as deputy chairperson. As no assets have yet been purchased, (OFS instead chose to provide $250 billion to banks through the Capital Purchase Program) it is not clear whether the requirement to report after 30 days from "first asset purchase" has been violated. On December 8, 2009, the government's financial bailout program concluded in a year-end review that, despite flaws and lingering problems, the program "can be credited with stopping an economic panic."[14] Also on this date, Rep. Jeb Hensarling stepped down from the panel, submitting his letter of resignation. Hensarling was replaced by Mark McWatters, a Dallas lawyer and certified public accountant who has served as an advisor to Hensarling.[15] On October 1, 2010, Senator Ted Kaufman of Delaware was appointed by Majority Leader Reid to replace Warren on the panel, as Warren resigned to focus on her duties at the Consumer Financial Protection Bureau.[16] Three days later, Kaufman was unanimously elected as the panel's second chairperson.[17] Kaufman was succeeded in Congress by Senator Chris Coons on November 15, 2010, but he remains chairperson of the Congressional Oversight Panel as of late December 2010.[18] The Comptroller General (director of the Government Accountability Office) is required to monitor the performance of the program, and report findings to Congress every 60 days. The Comptroller General is also required to audit the program annually. The bill grants the Comptroller General access to all information, records, reports, data, etc. belonging to or in use by the program.[19][20] On December 2, 2008, GAO released their first report on the bailout.[21][22] Neel Kashkari, the OFS chairman, said in a letter to GAO [23] that the department agrees with the report's findings and most of its recommendations but questioned GAO's suggestion to require more reporting from banks, saying gathering specifics from individual banks might not be the best way to evaluate the program. House Speaker Nancy Pelosi called the report's findings "discouraging" and that the report shows the program "is not accountable to American taxpayers." http://en.wikipedia.org/wiki/Oversight_of_the_Troubled_Asset_Relief_Program
https://wn.com/Oversight_Of_Troubled_Asset_Relief_Program_Loans_Tim_Geithner_Vs._Elizabeth_Warren_(2009)
Financial Crisis Timeline Part 3 - TARP and Moral Hazard

Financial Crisis Timeline Part 3 - TARP and Moral Hazard

  • Order:
  • Duration: 10:34
  • Updated: 10 Jul 2009
  • views: 2504
videos
http://www.kanjoh.com. disclaimer - none of these videos is meant to be personalized financial advice.
https://wn.com/Financial_Crisis_Timeline_Part_3_Tarp_And_Moral_Hazard
Troubled Asset Relief Program (TARP) Funds Commercial

Troubled Asset Relief Program (TARP) Funds Commercial

  • Order:
  • Duration: 1:02
  • Updated: 27 Jan 2009
  • views: 5019
videos
A MasterCard influenced commercial about the Troubled Asset Relief Program (TARP) Funding
https://wn.com/Troubled_Asset_Relief_Program_(Tarp)_Funds_Commercial
T.A.R.P.  Explained by an Honest American

T.A.R.P. Explained by an Honest American

  • Order:
  • Duration: 7:36
  • Updated: 19 Apr 2009
  • views: 2603
videos
An Honest American explains the Bank Bailout in terms that are easy to understand... at least for him.
https://wn.com/T.A.R.P._Explained_By_An_Honest_American
Should Government Bail Out Big Banks?

Should Government Bail Out Big Banks?

  • Order:
  • Duration: 5:53
  • Updated: 22 Jun 2015
  • views: 708877
videos
Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Nicole Gelinas, a fellow at the Manhattan Institute, has the answer, and it will have big implications for policymakers when they grapple with the next economic crisis. Donate today to PragerU: http://l.prageru.com/2eB2p0h Do you shop on Amazon? Now you can feel even better about it! Click http://smile.amazon.com/ch/27-1763901 and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Charity made simple. Visit us directly! https://www.prageru.com You can support PragerU by clicking https://www.classy.org/checkout/donation?eid=60079 Free videos are great, but to continue producing high-quality content, contributions -- even small ones -- are greater. LIKE us! https://www.facebook.com/prageru Follow us! Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ If you are an educator and are interested in using material like this in your classroom, click https://www.prageru.com/educators
https://wn.com/Should_Government_Bail_Out_Big_Banks
Bank Loans to Businesses: Troubled Asset Relief Program - Elizabeth Warren (2009)

Bank Loans to Businesses: Troubled Asset Relief Program - Elizabeth Warren (2009)

  • Order:
  • Duration: 1:28:43
  • Updated: 15 Jul 2013
  • views: 990
videos
The primary purpose of TARP, according to the Federal Reserve, was to stabilize the financial sector by purchasing illiquid assets from banks and other financial institutions. However, the effects of the TARP have been widely debated in large part because the purpose of the fund is not widely understood. A review of investor presentations and conference calls by executives of some two dozen US-based banks by The New York Times found that "few [banks] cited lending as a priority. Further, an overwhelming majority saw the program as a no-strings-attached windfall that could be used to pay down debt, acquire other businesses or invest for the future." The article cited several bank chairmen as stating that they viewed the money as available for strategic acquisitions in the future rather than to increase lending to the private sector, whose ability to pay back the loans was suspect. PlainsCapital chairman Alan B. White saw the Bush administration's cash infusion as a "opportunity capital", noting, "They didn't tell me I had to do anything particular with it." Moreover, while TARP funds have been provided to bank holding companies, those holding companies have only used a fraction of such funds to recapitalize their bank subsidiaries.[67] Many analysts speculated TARP funds could be used by stronger banks to buy weaker ones.[68] On October 24, 2008, PNC Financial Services received $7.7 billion in TARP funds, then only hours later agreed to buy National City Corp. for $5.58 billion, an amount that was considered a bargain.[69] Despite ongoing speculation that more TARP funds could be used by large-but-weak banks to gobble up small banks, as of October 2009, no further such takeover had occurred. The Senate Congressional Oversight Panel created to oversee the TARP concluded on January 9, 2009: "In particular, the Panel sees no evidence that the U.S. Treasury has used TARP funds to support the housing market by avoiding preventable foreclosures". The panel also concluded that "Although half the money has not yet been received by the banks, hundreds of billions of dollars have been injected into the marketplace with no demonstrable effects on lending."[70] Government officials overseeing the bailout have acknowledged difficulties in tracking the money and in measuring the bailout's effectiveness.[71] During 2008, companies that received $295 billion in bailout money had spent $114 million on lobbying and campaign contributions.[72] Banks that received bailout money had compensated their top executives nearly $1.6 billion in 2007, including salaries, cash bonuses, stock options, and benefits including personal use of company jets and chauffeurs, home security, country club memberships, and professional money management.[73] The Obama administration has promised to set a $500,000 cap on executive pay at companies that receive bailout money,[74] directing banks to tie risk taken to workers' reward by paying anything further in deferred stock.[75] Graef Crystal, a former compensation consultant and author of "The Crystal Report on Executive Compensation," claimed that the limits on executive pay were "a joke" and that "they're just allowing companies to defer compensation."[76] In November 2011, a report showed that the sum of the government's guarantees increased to $7.77 trillion; however, loans to banks were only a small fraction of that amount.[77] One study found that the typical non-minority owned bank was about ten times more likely to receive TARP money in the CDCI program than a black owned bank after controlling for other factors. http://en.wikipedia.org/wiki/TARP
https://wn.com/Bank_Loans_To_Businesses_Troubled_Asset_Relief_Program_Elizabeth_Warren_(2009)
Citigroup Under the Troubled Asset Relief Program: Elizabeth Warren (2010)

Citigroup Under the Troubled Asset Relief Program: Elizabeth Warren (2010)

  • Order:
  • Duration: 1:00:07
  • Updated: 05 Sep 2013
  • views: 2799
videos
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group in October 1998 (announced on April 7, 1998). The year 2012 marked Citi's 200th anniversary. It is currently the third largest bank holding company in the United States by assets. Its largest shareholders include funds from the Middle East and Singapore. Citigroup has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company currently employs approximately 260,000 staff around the world, which is down from 267,150 in 2010, according to Forbes.[7][8] It also holds over 200 million customer accounts in more than 140 countries. It is one of the primary dealers in US Treasury securities.[9] According to Forbes, at its height Citigroup used to be the largest company and bank in the world by total assets with 357,000 employees until the global financial crisis of 2008.[10] Today it is ranked 20th in size under the Fortune 500 list. In comparison, JPMorgan Chase, which is ranked 16th on the Fortune 500, is now the largest bank in U.S. as of 2012.[11] Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive stimulus package by the U.S. government.[12] On February 27, 2009, Citigroup announced that the United States government would take a 36% equity stake in the company by converting US$25 billion in emergency aid into common shares with a US Treasury credit line of $45 billion to prevent the bankruptcy of the largest bank in the world at the time.[13] The government would also guarantee losses on more than $300 billion troubled assets and inject $20 billion immediately into the company. In exchange, the salary of the CEO is $1 per year and the highest salary of employees is restricted to $500,000 in cash and any amount above $500,000 must be paid with restricted stock that cannot be sold until the emergency government aid is repaid in full.[14] The US government also gains control of half the seats in the Board of Directors, and the senior management is subjected to removal by the US government if there is poor performance. By December 2009, the US government stake was reduced to 27% majority stake from a 36% majority stake after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing Bank of America's $19 billion share sale one month prior. Eventually by December 2010, Citigroup repaid the emergency aid in full and the US government received an additional $12 billion profit in selling its shares.[15][16][17][18][19] US Government restrictions on pay and oversight of the senior management were removed after the US government sold its remaining 27% stake as of December 2010. Despite huge losses during the global financial crisis, Citigroup built up an enormous cash reserve in the wake of the financial crisis with $420 billion in surplus liquid cash and government securities as of June 2012.[20] As of Q1 2012, Citi has tier 1 capital ratio of 12.4%, making one of the best-capitalized financial institutions in the world after billions of dollars in losses from the financial crisis.[21] This was a result of selling more than $500 billion of its special assets placed in Citi Holdings, which were guaranteed from losses by the US Treasury while under federal majority ownership.[22] Additionally, according to the Washington Post, a special IRS tax exception given to Citi to allow the US Treasury to sell its shares at a profit while it still owned Citigroup shares, which eventually netted $12 billion. According to Treasury spokeswoman Nayyera Haq, "This (IRS tax) rule was designed to stop corporate raiders from using loss corporations to evade taxes, and was never intended to address the unprecedented situation where the government owned shares in banks. And it was certainly not written to prevent the government from selling its shares for a profit."[23] Citigroup is one of the Big Four banks in the United States, along with Bank of America, JP Morgan Chase and Wells Fargo. http://en.wikipedia.org/wiki/Citigroup
https://wn.com/Citigroup_Under_The_Troubled_Asset_Relief_Program_Elizabeth_Warren_(2010)
Elizabeth Warren Says TARP Will Probably Make a Profit: Video

Elizabeth Warren Says TARP Will Probably Make a Profit: Video

  • Order:
  • Duration: 4:40
  • Updated: 23 Mar 2012
  • views: 294
videos
Nov. 6 (Bloomberg) -- Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg's Carol Massar, Adam Johnson and Jon Erlichman about the outlook for TARP. Warren, speaking from Washington, also discusses the transparency of assets backed by government funds and systemic risk created by banks that are perceived as too big to fail. (Source: Bloomberg)
https://wn.com/Elizabeth_Warren_Says_Tarp_Will_Probably_Make_A_Profit_Video
Only 3% of 'Hardest Hit' TARP Fund Used

Only 3% of 'Hardest Hit' TARP Fund Used

  • Order:
  • Duration: 9:08
  • Updated: 13 Apr 2012
  • views: 642
videos
Did you know that TARP, the Troubled Asset Relief Program wasn't just about bailing out the big banks? In February of 2010, the Treasury Department established an initiative called The Hardest Hit Fund, a $7.6 billion program aimed at helping families in states hit hardest by the housing market, and where unemployment rates were highest. It turns out that only 3% of that budget has been used in the two years since the program's creation. Firedoglake's David Dayen discusses. Twitter: http://twitter.com/#!/TheAlyonaShow Facebook: http://www.facebook.com/TheAlyonaShow
https://wn.com/Only_3_Of_'Hardest_Hit'_Tarp_Fund_Used
Jim Cramer explains how Hedge Funds Made Billions from TARP Program

Jim Cramer explains how Hedge Funds Made Billions from TARP Program

  • Order:
  • Duration: 3:14
  • Updated: 14 Dec 2008
  • views: 25961
videos
Jim Cramer on Mad Money explains how Hedge Funds made Billions from the Bailout TARP Bill.
https://wn.com/Jim_Cramer_Explains_How_Hedge_Funds_Made_Billions_From_Tarp_Program
Wall Street Bailout

Wall Street Bailout

  • Order:
  • Duration: 5:26
  • Updated: 06 Oct 2009
  • views: 207
videos
Neil Barofksy, the Special Inspector General for the Troubled Asset Relief Program (TARP), recently released his audit of the emergency capital injections provided to Bank of America and other financial institutions through the TARP program, and the audit revealed that high ranking federal officials, including former Treasury Secretary Henry Paulson and current Federal Reserve Chairman Ben Bernanke, misled the American people about the true financial state of Bank of America and the other initial TARP recipients which received an initial $125 billion bail out. Paulson, Bernanke and others said that they were injecting money into these institutions because they were healthy and that doing this would allow these banks to lend money and unfreeze the credit market and show confidence in the U.S. Financial system. However, these banks were not healthy as the Treasury originally characterized them.
https://wn.com/Wall_Street_Bailout
Notebook: The Opaque TARP

Notebook: The Opaque TARP

  • Order:
  • Duration: 1:04
  • Updated: 16 Jan 2009
  • views: 881
videos
Katie Couric questions the rather murky handlings of the massive bailout agenda known as the Troubled Assets Relief Program, or TARP for short. Couric calls for more clarity with this initiative.
https://wn.com/Notebook_The_Opaque_Tarp
What are Banks Doing with the Bailout Money? - Neel Kashkari

What are Banks Doing with the Bailout Money? - Neel Kashkari

  • Order:
  • Duration: 4:24
  • Updated: 21 Jan 2009
  • views: 3399
videos
Complete video at: http://fora.tv/2009/01/13/Neel_Kashkari_on_the_Market_Crisis_and_Asset_Relief Treasury Department official Neel Kashkari answers key questions about the state of banking and the capital investments made by the Troubled Assets Relief Program (TARP). He also predicts future activity in lending and consumer confidence. ----- Neel Kashkari, assistant secretary for financial stability at the U.S. Department of Treasury, addresses the federal government's effort to strengthen the financial sector through purchase of assets and equity from financial institutions in the wake of the subprime mortgage loan crisis. Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari oversees the Office of Financial Stability including the Troubled Asset Relief Program. Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman, Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking practice, advising public and private companies on mergers and acquisitions and financial transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal Investigator at TRW in Redondo Beach, California where he developed technology for NASA space science missions such as the James Webb Space Telescope.
https://wn.com/What_Are_Banks_Doing_With_The_Bailout_Money_Neel_Kashkari
Troubled Assets Relief Program

Troubled Assets Relief Program

  • Order:
  • Duration: 1:25
  • Updated: 15 Jan 2009
  • views: 551
videos
Sen. Cornyn expresses his opposition to releasing the second half of the Troubled Assets Relief Program funding.
https://wn.com/Troubled_Assets_Relief_Program
What Is TARP Money?

What Is TARP Money?

  • Order:
  • Duration: 0:45
  • Updated: 08 Sep 2017
  • views: 2
videos
Bailed out banks gave millions in exec bonuses, ny ag report was tarp passed under bush or obama? 16 owe money 8 years after great recession. The troubled asset relief program (tarp) is a of the united states government to purchase toxic assets and equity from financial institutions strengthen its sector that was signed into law by president george w. But at what cost? What did tarp do well, and aug 8, 2010 the money really get paid back? The part of that deals with banks big banks, anyway has largely been repaid goldman sachs, morgan, wells fargo, bony, other bigfoot have back their loans. The treasury department used tarp funds to invest, make loans and guarantee assets. Wikipedia wiki troubled_asset_relief_program url? Q webcache. Tarp definition, cost, who it helped the balancetroubled asset relief program (tarp) investopedia. Googleusercontent search. What happens to returned tarp money? . Troubled asset relief program (tarp) investopedia. Banks are using government loans to repay tarp the washington where did money go? . Overall, the auto bailout was one big money loser for tarp jul 31, 2017 inflows $713 billion returned and paid to treasury as interest, altogether, accounting both fannie mar 7, federal banking thrift regulatory agencies encourage all eligible institutions use department's capital purchase 17, troubled asset relief program(tarp) is of largest financial bailouts in history, yet nobody seems know where may 23, 2012 almost four years later, everyone agrees we would've been worse off without. And lastly, he promised that the bank of america, which also received $45 billion in tarp money, paid $3. The federal government seems to be on track in recouping the $414 billion taxpayer money spent under apr 17, 2015 case of tarp and separate fannie freddie bailouts, almost all borrowed by treasury for these programs was loaned. Billion profit decbailout scorecard propublica. Government essentially closed the books on tarp with a $15. This legislation was created in response to the public anger surrounding apr 21, 2009 treasury secretary timothy geithner told congress tuesday that he expects about $25 billion from troubled asset relief program be may 23, 2012 you might remember program, well known as away $700 an irresponsible use of taxpayer money dec 19, 2014 u. The fed troubled asset relief program (tarp) information2008 tarp funds where are they now? Did the money really get paid back? Overselling myth of $15 billion secrets and lies bailout rolling stone. Troubled asset relief program wikipedia en. Tarp recipients that made a profit forbesends with $15. Bush on october 3, 2008 apr 24, 2017 definition the troubled asset relief program was a $700 billion bank bailout. Troubled asset relief program wikipedia. In exchange, it bought shares or bonds from failing banks and other companies nov 15, 2016 although congress initially authorized $700 billion for tarp in october 2008, that authority was reduced to $475 by the dodd frank this ta
https://wn.com/What_Is_Tarp_Money
GAO: TARP Testimony on Status of Efforts to Address Transparency and Accountability Issues

GAO: TARP Testimony on Status of Efforts to Address Transparency and Accountability Issues

  • Order:
  • Duration: 5:29
  • Updated: 01 Oct 2009
  • views: 266
videos
This testimony discusses our work on the Troubled Asset Relief Program (TARP), under which the Department of the Treasury (Treasury), through the Office of Financial Stability (OFS), has the authority to purchase or insure almost $700 billion in troubled assets held by financial institutions. It focuses on (1) the nature and purpose of activities that have been initiated under TARP over the past year and ongoing challenges; (2) Treasury's efforts to establish a management infrastructure for TARP; and (3) outcomes measured by indicators of TARP's performance. Get the complete report at: http://www.gao.gov/products/gao-09-1048t Disclaimer: The U.S. GAO does not promote or endorse any non-Government or commercial content appearing on this page.
https://wn.com/Gao_Tarp_Testimony_On_Status_Of_Efforts_To_Address_Transparency_And_Accountability_Issues
General Motors Under the Troubled Asset Relief Program: Auto Industry Loans (2010)

General Motors Under the Troubled Asset Relief Program: Auto Industry Loans (2010)

  • Order:
  • Duration: 2:46:13
  • Updated: 29 Aug 2013
  • views: 1958
videos
December 12, 2008: General Motors stated that it was nearly out of cash, and may not survive past 2009. The U.S. Senate voted and strongly opposed any source of government assistance through a bailout bridge loan (originally worth $14 billion in emergency aid) which was aimed toward helping the struggling Big Three automakers financially, despite strong support from President George W. Bush and President-elect Barack Obama, along with some mild support from the Democratic and Republican political parties. Prior to the U.S. Senate's announcement, General Motors announced that it had hired several lawyers to discuss the possibility of filing for bankruptcy, with Chapter 11 bankruptcy being one of the options discussed. GM stated that "all options are on the table" for the company. Chrysler LLC, which is owned by Cerberus Capital Management, in a similar financial situation, warned that it, too, was nearly out of cash and might not survive much longer. December 18, 2008: President Bush announced that an "orderly" bankruptcy was one option being considered for both General Motors and Cerberus-owned Chrysler LLC. Sources said that setting up this type of "orderly" bankruptcy would be complicated because it would not only involve talks with the automakers, but also the unions and other stakeholders would have to be involved. December 19, 2008: President Bush approved a bailout plan and gave General Motors and Chrysler $13.4 billion in financing from TARP (Troubled Assets Relief Program) funds, as well as $4 billion to be "withdrawn later." As of February 14, 2009: General Motors was considering filing for Chapter 11 bankruptcy under a plan that would assemble all of their viable assets, including some U.S. brands and international operations, into a new company.[73] Less than a week later, its Saab subsidiary filed for bankruptcy protection in Sweden.[74] March 5, 2009: GM's independent public accounting firm (Deloitte & Touche) issued a qualified opinion as part of GM's 2008 annual report that stated "[these conditions] raise substantial doubt about its ability to continue as a going concern."[75] A qualified going concern audit letter like this is only issued by the auditors when the company is in extreme financial distress and it is likely that it may file for bankruptcy protection.[76] March 12, 2009: GM's CFO Ray Young said that it would not need the requested $2B in March noting that the cost-cutting measures are starting to take hold.[77] March 29, 2009: GM's Chairman and CEO, Rick Wagoner, agreed to immediately resign his position as part of an Obama administration automotive restructuring plan. Wagoner was replaced by Fritz Henderson.[78] In announcing that plan, on March 30, 2009, President Obama stated that both GM and Chrysler may need to use "our bankruptcy code as a mechanism to help them restructure quickly and emerge stronger."[79] He also announced that the warranties on cars made by these companies would be guaranteed by the U.S. Government. March 31, 2009: President Barack Obama announced that he would give GM 60 additional days to try and restructure their company and prove their viability. If they succeeded, Washington would provide General Motors with additional bridge loans. However, if GM could not meet the requirements set by the White House, a prepackaged bankruptcy is probable. President Obama reiterated that GM will be part of the future even if bankruptcy is necessary.[80] April 22, 2009: GM stated that it will not be able to make their June 1, 2009 debt payment.[81] April 24, 2009: GM announced that they will be scrapping the Pontiac brand in an effort to invest more money into their major brands (Buick, Cadillac, Chevrolet, and GMC).[82] May 4, 2009: German Economy Minister Karl-Theodor zu Guttenberg said Fiat (among others)[83] might be interested in the GM European unit.[84] June 1, 2009: GM filed for Chapter 11 Bankruptcy,[7] the fourth largest filing in the United States history after Lehman Brothers, Washington Mutual, and Worldcom.[14] July 10, 2009: A new company financed by the United States Treasury, "NGMCO Inc"[1] purchased the most of the assets, and the trademarks of the General Motors Corporation. Vehicle Acquisition Holdings LLC then changed its name to "General Motors Company". The General Motors Corporation (old GM) in turn changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities. The new GM company, after the purchase of most of the assets of "old GM" is not a participant in the continuing bankruptcy proceedings of Motors Liquidation Company (Old GM). The "new GM" is mostly owned by the United States Government. http://en.wikipedia.org/wiki/General_Motors_Chapter_11_reorganization
https://wn.com/General_Motors_Under_The_Troubled_Asset_Relief_Program_Auto_Industry_Loans_(2010)
Why Was TARP Created?

Why Was TARP Created?

  • Order:
  • Duration: 0:46
  • Updated: 08 Sep 2017
  • views: 4
videos
Troubled asset relief program (tarp) investopedia. Treasury secretary hank paulson told congress its implementation was required to stem a worldwide economic collapse 24 may 2011 [see slide show of 5 reasons tarp succeeded and why it the government risked creating problem moral hazard that is, troubled asset relief program (tarp) created by emergency stabilization act (eesa110 343) in october 2008. Treasury to put its proposed troubled asset relief program into effect. 3, 2010, the central feature of eesa was tarp, established by the treasury 18 mar 2015 cbo estimates that, all told, the tarp's transactions will cost the federal 110 343) established the troubled asset relief program (tarp) to 23 jun 2017 cbo estimates that the net cost of the tarp will total $33 law 110 343) established the troubled asset relief program (tarp) to enable the 24 sep 2015 government grew, tarp was used to justify passage of dodd frank financial regulation. Secrets and lies of the bailout rolling stone. Government program created in an attempt to mitigate the fallout from subprime mortgage crisis of 3 oct 2013 on this day 2008, president george w. Why tarp has been a success story the washington posttroubled asset relief program (tarp) federation of american troubled six years later law definition & example legislation, octthe case for and against was created by where bank bailout went wrong new york times. The troubled asset relief program five years later. Congress authorized $700 billion 27 mar 2011 that's the story of tarp troubled assets relief program. Troubled asset relief program wikipedia. Bush signed legislation that allowed the u. Troubled asset relief program five years later. Created in october 2008 at the height of financial crisis, it helped stabilize 15 nov 2016 treasury established several programs under tarp to help u. Troubled asset relief program five years later troubled wikipedia en. This program was the troubled asset relief (tarp) is a u. Financial system, restart economic growth, and prevent avoidable 27 jun 2013 the troubled asset relief program (tarp) was created by emergency authority to create new tarp programs or initiatives 12 aug 2014 is program, help stabilize financial system during crisis of 2008. Tarp definition, cost, who it helped the balance. 1424, enacting the emergency economic stabilization act of 2008 and what is the 'troubled asset relief program tarp' a group of programs created and run by the u. Wikipedia wiki troubled_asset_relief_program url? Q webcache. Eesa 29 mar 2011 the legislation that created tarp, emergency economic stabilization act, had far broader goals, including protecting home values and 24 oct for all its achievements, tarp cannot be called a great success; It failed to expected cost $50 billion, affordable 4 jan 2013 fair, paulson started out by trying tell truth in his own ham headed, narcissistic way. The authority of the united states department treasury to establish and manage tarp under a newly c
https://wn.com/Why_Was_Tarp_Created
TARP (Troubled Asset Relief Program)

TARP (Troubled Asset Relief Program)

  • Order:
  • Duration: 1:27
  • Updated: 19 Feb 2009
  • views: 325
videos
Inspired by slides that pr9 sent me
https://wn.com/Tarp_(Troubled_Asset_Relief_Program)
Troubled Asset Relief Program Oversight: Credit, Loans, Finance - Elizabeth Warren Testimony (2010)

Troubled Asset Relief Program Oversight: Credit, Loans, Finance - Elizabeth Warren Testimony (2010)

  • Order:
  • Duration: 1:50:41
  • Updated: 10 Oct 2013
  • views: 333
videos
The banks agreeing to receive preferred stock investments from the Treasury include Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp. (which had just agreed to purchase Merrill Lynch), Citigroup Inc., Wells Fargo & Co., Bank of New York Mellon and State Street Corp. The Bank of New York Mellon is to serve as master custodian overseeing the fund. As of 2009, the U.S. Treasury has not yet released an official list of TARP recipients (though it periodically announces recipients in batches). News organizations ProPublica and the New York Times have kept lists of the recipients based on Treasury and individual institution announcements. Beneficiaries of TARP include the following: Company Preferred Stock purchased (billions USD) Assets guaranteed (billions USD) Repaid TARP money (billions USD) Additional details Citigroup $45 $306 Partial ($20);[44] Two allocations: $25 on October 28, 2008 and $20 in January 2009. The rest was converted to common equity which was sold by the Treasury Department over time with the final sale taking place in December 2010 at a $12 billion profit.[45] Bank of America $45 $118 Y[46][47] Two allocations: $25 on October 28, 2008, and $20 in January 2009 AIG (American International Group) $40 $36[48] JPMorgan Chase $25 Y October 28, 2008 Wells Fargo $25 Y[44] October 28, 2008 GMAC Financial Services (Ally) $17.3 -- Three TARP transactions made: $5 billion, $7.5 billion, and $4.8 billion. Now renamed to Ally Financial. General Motors $13.4 Y Total loan portion repaid with interest to U.S. & Canadian governments as of April 21, 2010, ; $2.1 billion in preferred stock and 61 percent common equity share outstanding[49] Goldman Sachs $10 Y October 28, 2008 Morgan Stanley $10 Y Repaid June 17, 2009[50] PNC Financial Services Group $7.579 Y[51] Bought longtime rival National City Corp. within hours of receiving TARP money. Announced on February 2, 2010, that it would repay its TARP loan.[52] U.S. Bancorp $6.6 Y Chrysler $4 Y Although Chrysler repaid their loans,[53] the Treasury sold its 6% stake in the company to Fiat at a $1.3 billion loss.[54] Capital One Financial $3.555 Y Regions Financial Corporation $3.5 Y Repaid April 4, 2012[55] American Express $3.389 Y Bank of New York Mellon Corp $2 to $3 Y State Street Corporation $2 to $3 Y Discover Financial $1.23[56] Y[57] Of these banks, JPMorgan Chase & Co., Morgan Stanley, American Express Co., Goldman Sachs Group Inc., U.S. Bancorp, Capital One Financial Corp., Bank of New York Mellon Corp., State Street Corp., BB&T Corp, Wells Fargo & Co. and Bank of America repaid TARP money. Most banks repaid TARP funds using capital raised from the issuance of equity securities and debt not guaranteed by the federal government. PNC Financial Services, one of the few profitable banks without TARP money, planned on paying their share back by January 2011, by building up its cash reserves instead of issuing equity securities.[58] However, PNC reversed course on February 2, 2010, by issuing $3 billion in shares and $1.5-2 billion in senior notes in order to pay its TARP funds back. PNC also raised funds by selling its Global Investment Services division to crosstown rival The Bank of New York Mellon.[51] In a January 2012, review, it was reported that AIG still owed around $50 billion, GM about $25 billion and Ally about $12 billion. Break even on the first two companies would be at $28.73 a share versus then-current share price of $25.31 and $53.98 versus then-current share price of $24.92, respectively. Ally was not publicly traded. The 371 banks that still owed money include Regions ($3.5 billion), Zions Bancorporation ($1.4 billion), Synovus Financial Corp. ($967.9 million), Popular, Inc. ($935 million), First BanCorp of San Juan, Puerto Rico ($400 million) and M&T Bank Corp. ($381.5 million). http://en.wikipedia.org/wiki/TARP
https://wn.com/Troubled_Asset_Relief_Program_Oversight_Credit,_Loans,_Finance_Elizabeth_Warren_Testimony_(2010)
What Was The Troubled Asset Relief Program?

What Was The Troubled Asset Relief Program?

  • Order:
  • Duration: 1:02
  • Updated: 22 Jun 2017
  • views: 8
videos
That estimate accounts for the realized costs of 19 nov 2009 an economist evaluates success troubled asset relief program, a year later program (tarp) read definition and 8000 other financial investing terms in 12 u. Troubled asset relief program tarp investopedia. Troubled asset relief program wikipedia en. The troubled asset relief program (tarp) is a of the united states government to purchase toxic assets and equity from financial institutions strengthen its sector that was signed into law by president george w. Congress authorized $700 billion 7 mar 2017 treasury announced a voluntary capital purchase program to encourage u. A troubled asset relief program for the patient centered medical. Code subchapter i troubled assets relief program 5220a application of gse conforming loan limit to mortgages assisted with tarp week looks back on the asset aka 2008 bailout and asks insiders outsiders whether government should have j ambul care manage. The treasury department used tarp funds to invest, make loans and guarantee assets 15 nov 2016 although congress initially authorized $700 billion for in october 2008, that authority was reduced $475 by the dodd frank troubled asset relief program (tarp) created stabilize financial system during crisis of 2008. 12 us code subchapter i troubled assets relief programthe guardian. Financial institutions to build capital increase the flow of tarp or troubled asset relief program was a government action in 2008 aimed at stabilizing financial markets and us banks. The program was the troubled asset relief (tarp) is a u. The fed troubled asset relief program (tarp) information. Government program created in an attempt to mitigate the fallout from subprime mortgage crisis of 27 jun 2013 crs report for congress. Googleusercontent search. Implementation and the central focus of paper is largely on tarp issues arising from using as a legislative framework to facilitate removal toxic assets held 9 oct 2011 $700 billion 'troubled asset relief program' (tarp) was enacted in washington three years ago this week, while most economists, 19 dec 2014 troubled program passed 2008, wake lehman brothers' bankruptcy, nation's financial system 15 mar 2016 activities financed by have now been completed; Only mortgage programs remain active 18 2015 cbo estimates that, all told, tarp's transactions will cost federal government $28. Prepared for members and committees of congress. Treasury to stabilize the country's financial system, restore economic growth and prevent foreclosures in wake of 2008 crisis through purchasing troubled companies' assets equity 24 apr 2017 tarp bailout program. Troubled asset relief program (tarp) definition nasdaq. Wikipedia wiki troubled_asset_relief_program url? Q webcache. Billion profit decreport on the troubled asset relief program march 2016 report 2015 what did tarp accomplish? The new york times. Troubled asset relief program wikipedia. Definition the troubled asset relief program was a $700 billi
https://wn.com/What_Was_The_Troubled_Asset_Relief_Program
Warren Says TARP Worked for Wall Street, Not Small Banks: Video

Warren Says TARP Worked for Wall Street, Not Small Banks: Video

  • Order:
  • Duration: 3:31
  • Updated: 23 Mar 2012
  • views: 198
videos
July 14 (Bloomberg) -- Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks about the effectiveness of TARP and the viability of a consumer protection bureau, which would be created under the financial overhaul bill. Warren talks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
https://wn.com/Warren_Says_Tarp_Worked_For_Wall_Street,_Not_Small_Banks_Video
Barofsky: Not Fixing Too Big To Fail Raises Spectre Of New Bank Bailouts

Barofsky: Not Fixing Too Big To Fail Raises Spectre Of New Bank Bailouts

  • Order:
  • Duration: 7:04
  • Updated: 24 Oct 2011
  • views: 448
videos
Oct. 24 (Bloomberg) -- Neil Barofsky, Senior Fellow at NYU School of Law and former special inspector general for the Troubled Asset Relief Program (TARP), talks with Bloomberg Law's Lee Pacchia about the federal government's regulatory response to the financial crisis of 2008 and the prospects for the financial industry going forward.
https://wn.com/Barofsky_Not_Fixing_Too_Big_To_Fail_Raises_Spectre_Of_New_Bank_Bailouts