Your Search Returned 20 tagged news reports
Federal Reserve Chairman Ben Bernanke, Treasury Secretary Timothy Geithner and other top regulators met six times in the days before the administration announced its revised bank-rescue strategy. The Fed chief consulted frequently with Geithner as well...
Tags: Timothy Geithner, Treasury Department, treasury secretary, secretary timothy, vast majority, Congressional Oversight Panel, wall street, banks bailout, bailout funds
For relatively strong banks, doing business with the government may be more trouble than it's worth...They range from Charlotte-based Bank of America Corp., which is the country's biggest bank, to tiny Iberiabank Corp...Treasury keeps imposing on them...
Tags: Kenneth Lewis, Ken Lewis (executive), Bank of America Corp., Merrill Lynch & Co., stress test, bailout funds, lewis told
Today, too many entrepreneurs can't access the capital to start, operate or grow their business. Too many dreams are being deferred or denied by a form letter canceling a line of credit," Obama said after meeting at the White House with small-business...
Tags: Timothy Geithner, Treasury Department, AIG, treasury secretary, secretary timothy, small businesses, hefty bonuses, bailout funds, insurance giant, contractual commitment
More banks in Kentucky and Indiana have received bailout funds from the federal government, but executives at some of the banks said it could take several years to turn all of the money into loans for consumers. Eighteen banks in the two states have collected...
A sizable class of freshmen voted almost completely in unison to prevent the funds from being released. In fact, only two freshmen considered potentially vulnerable voted the other way: Rep. Gary Peters (D), who represents Pontiac, Mich., and Rep. Jim...
Tags: bailout funds, tarp, washington, New House
Rep. Betsy Markey said she'll vote against releasing the last half of a $700 billion financial bailout package approved last year by Congress. I do not support releasing the second half of the bailout money, and I will vote against it, the Fort Collins...
Tags: bailout funds, Betsy Markey, financial bailout, bailout money
House Financial Services Committee Chairman Rep. Barney Frank (D-Mass.), who drafted the bill, said it would improve Congress's position in negotiations with the Obama administration over how the rest of the money is allocated. “It strengthens the hand...
Tags: geithner, obama, bailout, bill, obama administration, stimulus, president obama, bailout funds, Barack Obama, Timothy Geithner
The U.K. government announced a second bank rescue plan Monday designed to jumpstart lending and bolster the stability of the financial system. The announcement made early Monday marks a dramatic new step for U.K. officials trying to contain a growing...
Tags: bank, obama administration, government, bailout, bailout funds, cia, U.K, banks rescue, rescue plan
Senate voted to release the second tranche of $350 billion in Troubled Asset Relief Program funds to the Treasury, in a close vote that was a clear indication of the uncertainty by lawmakers about the program. The vote was 52 to 42 in favor of allowing...
Tags: obama, tarp, votes, bailout funds, Senate Votes, John McCain, Barack Obama, mccain, voting, won
A divided Senate has approved President-elect Barack Obama's request for $350 billion in unspent financial bailout funds. The 52-42 vote releases the money in the midst of rising foreclosures and a worsening climate for the nation's banks. It marked Obama's...
Tags: obama, bailout funds, foreclosures, economic stimulus, stimulus, republicans, Senate, Barack Obama, bailout fund, elect barack