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tarp

   

Initial TARP Recipients are 57% Repaid

by Smithee on December 4, 2009. Economy 5 comments.

With the news that Bank of America hurried up a sale of securities in order to pay back their TARP loan, the story of the many billions loaned to the “big banks” has reached an interesting turning point: they’re now more than half paid back, 57 percent to be precise. Here’s the breakdown of the $165 ... Continue reading this article…

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Pay Czar Ordering Bailed Out Companies to Reduce Pay

by Flexo on October 22, 2009. Economy 12 comments.

The executives of these companies had to see this coming. When a company is “too big to fail,” it becomes a public institution in senses of the phrase but the most literal. And for a number of banks and other financial companies in the past year, the public has become a partial owner thanks to ... Continue reading this article…

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Insurance Companies Now Qualify for TARP Bailout Money

by Flexo on May 15, 2009. Economy 1 comment.

Even though they are not bank holding companies as originally required for the original qualifications for receiving bailout money from the public, six insurance companies will now have the option of receiving this money. Among others, Allstate, Ameriprise Financial, Hartford Financial Services, Lincoln National Group, Principal Financial, and Prudential applied earlier for inclusin in the ... Continue reading this article…

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You Be the CEO: Should Bailed-Out Banks Cut Limousine Usage?

by Flexo on March 5, 2009. Economy 8 comments.

As the government continues to bail out the banking industry and taxpayers continue to increase their stake in these companies, how far should the banks go to cut back spending on the excesses that have grown over the past several decades? The local New York City NBC news program aired a feature on ... Continue reading this article…

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What Would You Ask the Banking CEOs?

by Flexo on February 11, 2009. Economy 5 comments.

Today, CEOs from the largest banks receiving the first batch of funds from the Troubled Asset Relief Program (TARP), billions of dollars initially designed to loosen the credit crunch, will be visiting Washington today to be grilled by the House of Representatives’ Financial Services Committee. There is no doubt that the bankers will be asked ... Continue reading this article…

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Is it Effective to Limit CEO Compensation?

by Flexo on February 4, 2009. Career and Work 45 comments.

Let’s say you are the chief executive officer of a formerly strong financial company. Either your company has faltered under your leadership or you’ve managed to steer clear of toxic assets but the slumping economy has affected you. Or perhaps you are newly hired, brought in to oversee a struggling shell of a company as ... Continue reading this article…

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How Citigroup Used $45 Billion from the Government

by Flexo on February 3, 2009. Consumer 2 comments.

Citigroup released a report today explaining how it “spent” the $45 billion provided to the company by the government as part of the Troubled Asset Relief Program (TARP). On a high level, the report accounts for $46.5 billion spent or allocated to a variety of programs across five categories: residential mortgages, personal and business ... Continue reading this article…

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$350 Billion Additional TARP Funds to Go to Banks

by Flexo on January 26, 2009. Economy 1 comment.

It won’t be long before the second half of the original Troubled Asset Relief Program (TARP) funds are authorized to be distributed to banks to help prop up the economy. This $350 billion, or even more, is following the first $350 billion that banks received. While the government’s public intent was for the banks to ... Continue reading this article…

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