Tarp News

After coming closer to annihilation than either of its U.S. rivals earlier this year, Chrysler laid out its recovery plan Wednesday, with company officials saying they intend to repay the government bailout loans by 2014 and restore to glory this...

The Biscayne Bank in Florida reported that, with federal bailout funds in hand, it increased lending in the third quarter. For the short-term the increased lending may be a mixed-blessing, as the bank also reported it lost money in the...

David Sirota, t r u t h o u t Op-Ed I recall that September day like it was yesterday — the explosion so stunning, so memorable. It wasn't 9/11/01, it was 9/29/08 — a moment when a rare blast...

Sheila Bair , chairwoman of the Federal Deposit Insurance Corp., told House committee members she disagreed with key points of a Treasury reform initiative. Hours after Treasury Secretary Timothy Geithner testified before the House Financial Services Committee, Bair said the...

The inspector general who oversees the government’s bailout of the banking system is criticizing the Treasury Department for some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks. A Treasury...

The U.S. financial system remains fragile a year after a bank bailout program was initiated and the government needs to be ready to step in to help more if necessary, a senior U.S. Treasury department official said on Thursday. "The...

Rep. Brad Sherman (D-Calif.) said in a release before the hearing started. Rep. Luis Gutierrez (D-Ill.) slammed the bill’s proposal that when the government has to front money to cover the costs of winding down a dying firm, other big...

The Obama administration's executive pay czar said his authority should not be expanded beyond setting compensation guidelines for seven banks and automakers that have received extraordinary taxpayer bailouts. Kenneth Feinberg, the U.S. Treasury bailout program's special master for compensation,...

Bank of America immediately balked, saying that Feinberg's rulings would put it at a disadvantage as it competes with firms not under the pay czar's thumb. The bank said its employees were already being poached by rivals. Dugan also discussed...

Treasury Department is exploring ways to keep in reserve some emergency bailout funds that would expire if the Treasury doesn't extend the Troubled Asset Relief Program for an additional year...But that carries risks, since new problems may arise and the...