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Report on Bailouts Says Treasury Misled Public

Tarp : Germany | 2 months ago  
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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 official made incorrect...
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  • News Source: CNSNews.com | about 1 month ago
    Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their...
  • News Source: United Press International | about 1 month ago
    The inspector general reviewing the $700 billion federal bank bailout program said some U.S...A report by special inspector general Neil Barofksy says funds from the Trouble Asset Relief Program were meant to be held to a maximum of $25 billion per...
  • News Source: Los Angeles Times | about 1 month ago
    The Treasury Department "lost credibility" when it said its first capital injections from the $700 billion financial rescue were for healthy banks, the inspector general for the Troubled Asset Relief Program said. In a report issued today, the...
  • News Source: The Guardian | about 1 month ago
    The US Treasury misled the public over the health of struggling Wall Street banks receiving emergency funds at the height of the financial crisis , creating unrealistic expectations and undermining popular trust in bailout efforts, according to an...
  • News Source: Androscoggin News | 2 months ago
    The Treasury Department’s inspector general Neil Barofsky reports that the  Department “lost credibility” when its top officials claimed that the first capital injections from the $700 billion financial rescue were for healthy banks. C) were...
  • News Source: Gawker | 2 months ago
    The government last year told us we needed to bail out banks and then, after we did, insisted the nation had done the right thing...Also, don't even dream that we'll get out of this mess, because we're irreparably f***** and should just give up now.
Blogs
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  • Blog Source: www.ritholtz.com
    A Treasury official made incorrect statements about the health of the nation's biggest banks even as the government was doling out billions of dollars in aid, according to a report on the Troubled Asset Relief Program to be released on ... Bailout
  • Blog Source: blog.taragana.com
    The announcements in recent days that funds have begun to receive support from the government comes a year after Congress first approved the bailout effort, known as the Troubled Asset Relief Program. Then-Treasury Secretary Henry ...
  • Blog Source: blog.taragana.com
    Barofsky serves as the auditor for the Troubled Asset Relief Program, a position that was created by Congress when it passed the $700 billion bailout fund on Oct. 3, 2008. In his new report, Barofsky reviewed Paulson's decision to ...
  • Blog Source: www.washingtonexaminer.com
    The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends. ... The report cited developments that supported Paulson's
  • Blog Source: www.washingtonexaminer.com
    The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends. Full story ...
  • Blog Source: americaobserver.blogspot.com
    The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends. Special Inspector General Neil Barofsky generally found
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