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Neil Barofsky, the special inspector general for the $700 billion financial bailout, told a House panel that "a failure of communication and a failure of management" led to the bonuses. Geithner 'Ultimately Responsible' For AIG Missteps The special...
Tags: inspector general, AIG Financial Products, special inspector, Treasury Department, Neil Barofsky, Timothy Geithner, American International Group Inc., bailout program, pay czar, aig bonuses
Tenn. — A defense lawyer says a former financial adviser in Tennesee will plead guilty to criminal charges in the first fraud case related to the federal bank bailout program...Grigg was charged on Wednesday with four counts of mail fraud and four counts...
Tags: fraud case, Gordon Grigg, mail fraud, Mr. Grigg, ponzi scheme, criminal charged, Tennessee, bailout program, Ponzi, U.S
The Treasury Department kicked off meetings Monday with the heads of Chrysler LLC, Fiat SpA and the United Auto Workers union in Washington as signs increased that Chrysler could be headed for liquidation. Some officials in the Obama administration have...
Tags: Chrysler LLC, General Motors Corp., U.S, bailout program, inspector general, quarter profit, Coke
Internet so that taxpayers can see how their money is being spent and the terms these institutions must agree to before we invest taxpayer money said Secretary Tim Geithner in a statement. In an effort to increase accountability of the $700 billion rescue...
Tags: Timothy Geithner, treasury secretary, Incoming Treasury, Treasury Boosts Transparency, Tim Geithner, Mr. Geithner, secretary timothy, China, financial rescue, bailout program
Treasury Secretary Timothy Geithner, trying to signal a fresh start with the government's troubled $700 billion bailout program, is discussing a variety of reforms with the congressional oversight panel that has been most critical of the effort. The Treasury...
Tags: Timothy Geithner, Treasury Department, US Treasury, Treasury Sec, treasury secretary, oversight panel, bailout program, Bill Clinton, secretary timothy, Hillary Rodham Clinton
Neel Kashkari, assistant treasury secretary in charge of the bailout program, said in remarks Tuesday that the department will compare the level of lending by banks that have received government money with lending levels by similar banks that haven't...
Tags: obama, Treasury Department, bailout program, Barack Obama, Neel Kashkari
The head of the government's $700 billion financial rescue program says the effort has made the nation's financial system more stable. Neel Kashkari, the assistant treasury secretary in charge of the bailout program, says the effort had made remarkable...
Tags: Neel Kashkari, rescue program, bailout program, remarkable progress, treasury secretary, assistant treasury, billion financial, Congress, financial rescue
Aubrey Patterson, chairman and CEO of BancorpSouth, said Monday in a press release that it was in the best interest of shareholders to continue with a conservative capital management plan without adding government capital. The Tupelo-based financial institution...
Tags: bailout, billion, government, bank, 700 billion, fed, aid, BancorpSouth Inc., Hancock Holding Co., bailout program