Word: tarp
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...least $60 million to build, an unheard-of fortune in Yemeni currency, the rial. In stark contrast to the majesty of the mosque, impoverished Yemenis languish in a dusty beige slum across the street. Yemen's urban poor often live in makeshift homes built with found items like tarp, tires and rocks. There is never running water, and electricity comes from wires that are jerry-rigged to government power lines. "Inside [the mosque] you see you are in paradise," says Khaled al-Hilaly from his nearby office at the Yemen Times, one of the few newspapers not funded...
...chair of the Congressional Oversight Panel, Warren has grilled Treasury officials and sought to defend the middle class while keeping a watchful eye on the government's Troubled Asset Relief Program (TARP), which was created in October 2008 to stave off a potential collapse of the U.S. financial system...
Warren wrote in an e-mailed statement to The Crimson that she has been less than impressed by the results of TARP so far. She wrote that while TARP successfully calmed the panic on Wall Street, problems affecting the rest of the country such as foreclosures and constricted small business lending have “intensified...
...head of the TARP oversight panel, Elizabeth Warren has been an extremely effective and influential monitor of one of the consequential economic programs in history, and in this role she has successfully and effectively put a spotlight on issues of great significance," said Law School Professor Lucian A. Bebchuk, who has written prolifically about TARP and executive pay, in an e-mailed statement from abroad...
...economy, creating lot of opportunities for bankers. Many other banks followed Citi's lead. Citi reportedly built up a staff of 50 bankers in the area. But as things started to unravel Citi remained deeply invested in Dubai. In late 2008, just weeks after Citi had received its initial TARP funding from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue warnings that Dubai was the most vulnerable economy...