Word: tarp
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...third option, injecting more taxpayer money, might not be an option by itself if the remaining TARP funds end up not being enough; the costs for the taxpayer are too high and the political capital behind such a solution is too weak...
...Details from the Administration's budget proposal show that it still contains a $250 billion line item for TARP funds which is currently identified as a "placeholder." That does not sound like a lot to money people when compared with the $3.4 trillion budget, but that is only testament to the extent to which the public is inured to fantastic sums of government spending. The $250 billion is such a casual amount in the eyes of the budget's authors that the White House said "It is there just in case that money may be needed." (See pictures...
...primary reason taxpayers are skeptical about government spending is that the government is forever finding money that it should not be spending or should not have spent. The special TARP placeholder is a perfect example. Its existence means the people running the financial arms of the Administration have not made up their minds about what to do if the banking system suffers more stress or begins to collapse as it threatened to do late last year. The results from the bank "stress tests" showed that the capital needs of America's banks are modest, about $74 billion, compared to more...
...Someone in the government has the opportunity to be a hero by simply stepping forward and saying that there is $250 billion in the budget that does not need to be spent. The second generation of the TARP can be treated like The National Institute of Literacy. Bankers need to know how to count. Reading is a luxury...
...losses from the bonds held by banks may be covered by the TARP capital they have received from the government or the money that they have been asked to raise as a result of the "stress test" process. That leaves the more important issue of what it means when the financial distress of the wealthy and nearly wealthy begins to look like the money problems of everyone else. The country counts on the rich for a large portion of it tax receipts. The new budget assumes that upper income households will pay an even larger part of their earnings each...