While the current presidential race has predictably devolved into a series food fights over tax returns and awkward speech …
tarp
The Neverending Bailout: The U.S. Is Still Owed $133 Billion from Crisis Fund
If you thought the bank bailout that started in late 2008 was long gone, you would be far from wrong. The special investigator for TARP, the government fund that was created in the wake of the financial crisis, released a report …
Bailout Wonder: How the Government Turned a Profit on AIG
Remember the basket case that was AIG. The giant insurance company became known for everything that was wrong with Wall Street: unchecked risk-taking; complicated, unregulated derivatives; and, most importantly, huge, unearned bonuses.The cover of TIME carried the headline “AIG = WMD.” In order to save the company the government had to …
Looks like ‘Cash for Caulkers’ Will Get the Green Light
President Obama just announced he wants to use some $200 billion in unused TARP money to give the economy another kick in the pants toward prosperity. Included in the plan is a provision for the much-rumored “Cash for Caulkers” program, in which homeowners would receive rebates for certain home improvement projects.