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.