Word: tarp
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...which insured their purchases of mortgage-backed and other securities with AIG, include investment giant Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion) and Citigroup ($2.3 billion). The same firms, directly or indirectly, also received earlier bailout cash under the Troubled Asset Relief Program (TARP). The group includes some of the most sophisticated investors in the world, prompting critics to question why the companies should not take responsibility for their own financial decisions, rather than accept a U.S. taxpayer handout...
...field. Firms affected by the amendment—including nearly all large investment banks—have consistently hired from Harvard Business School and Harvard Law School in past years, prompting Harvard’s lobbyists to push for a loose interpretation of the restrictions. Firms that have accepted TARP funds would be required to demonstrate that they have made concerted efforts to employ and avoid laying off U.S. citizens before hiring H-1B visa holders, said Kevin Casey, the University’s chief lobbyist. “It may be that employment horizons are slightly smaller for those...
Management at AIG has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left to fund its deficits so that it can stay in business, effectively making the federal government insolvent...
...unclear, though, whether Fine's special access will translate into financial help. Geithner has said he will spend a certain portion of the remaining $350 billion in the Treasury program formerly known as TARP investing more money in the nation's banks. But he hasn't said whether he intends to use the money to shore up the larger troubled banks or as grants to some smaller banks that don't necessarily need the funds but could use the additional money to make more loans. The government is reportedly in talks with Citigroup to take ownership of as much...
Under the previous Administration, small banks complained they did not get the same access that large banks got to TARP funds. Some 600 small banks have filed applications to get financial-rescue funds, and they are still waiting for a response from Treasury. And that has driven up the resentment of large banks by their smaller competitors. "There is no future for the miserable eight," says Rusty Cloutier, the CEO of MidSouth Bank, a community bank in Lafayette, La., referring to the nation's largest banks. "No one is dealing with that. We can keep pumping money into them...