Treasury

GOP by JT20162016

Inside the Mind of the G.O.P. | J.D. Hayworth Blames Soros and Schumer For Financial Meltdown

Wall Street by JT2016

Government Bailout Hits $8.5 trillion

Kathleen Pender The San Francisco Chronicle November 26, 2008 The federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News. That sum represents almost 60 percent of the nation’s estimated gross domestic product. Given […]

Wall Street by JT20162016

Banks Keeping Mum on TARP Bailout Funds; Only Morgan Stanley Coming Clean

Morgan Stanley Is One Bank That Cites a Loan From TARP Money Other Financial Banks Including Goldman Sachs and CitiGroup Keep Mum on How They Are Using TARP Cash By CHARLES HERMAN, DAN ARNALL, LAUREN PEARLE and ZUNAIRA ZAKI ABC NEWS Dec. 17, 2008— Banks that were rescued with billions of dollars in public funds […]

Barack Obama by JT20162016

There’s a New Sheriff in Town and He’s Not Wearing a Cowboy Hat

You know you can whine all day about the idea that no matter what President Obama does in the next couple of years- we’re all in for some rough times- and you’d be right. But there’s just no accounting for the feeling an American citizen gets after a day like today- miserable, pissed off and […]

Wall Street by JT2016

Small Banks Getting Short End of Tarp Bat

SEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]