TARP | FinReg21|Reforming Financial Services Regulation in the 21st Century

Utilizing Technology to Improve TARP and Financial Oversight

Thursday 17 September 2009 | House Financial Services Committee | 0 comments

H.R. 1242 is a bill that would amend the Emergency Economic Stabilization Act to add greater transparency to the Troubled Assets Relief Program (TARP). The bill would require the Treasury Department to establish a database that would provide ongoing, continuous and close to real-time updates of the distribution of TARP funds. Information would be combined from private and public sources, including the 25 agencies distributing TARP funds, to track their progress.

New bailout chief pledges transparency in administering TARP funds

Wednesday 24 June 2009 22:25 | Managing Editor | 0 comments

Herbert Allison, the new Treasury official responsible for administering TARP, promised to let the American people know what the government is doing with federal bailout money.

Bailout watchdog calls for new bank stress tests if economy worsens

Tuesday 09 June 2009 22:37 | Managing Editor | 0 comments

The adverse scenario in the stress tests administered to the 19 largest bank holding companies may not have been adverse enough and should be repeated if actual economic indicators turn out to be worse.

Fed requires TARP banks to sell shares before returning funds

Monday 01 June 2009 23:18 | Managing Editor | 0 comments

Banks seeking to return bailout money must demonstrate the ability to raise new equity capital and must also fulfill a number of longer term expectations on managing their capital requirements, the Federal Reserve said.

Can Geithner, Legally, Just Keep it 'Rolling'?

Friday 22 May 2009 13:16 | David Zaring, Wharton School of Business | 0 comments

The question is of some interest not just to the denizens of 1500 Pennsylvania Avenue, but also to insurance companies that recently requested TARP dollars, and other firms interested in obtaining cheap Treasury money. I think Treasury can roll its TARP funds -- that is, for every one dollar paid back another can be loaned out. – UPenn Professor David Zaring, The Washington Post Hearing blog , May 21

Treasury promises more capital aid for community banks

Thursday 14 May 2009 00:29 | Managing Editor | 0 comments

Treasury Secretary Timothy Geithner said the government will recycle some bailout funds it gets back from banks to offer smaller banks a second bite at the apple, in the form of a federal injection of capital through the Capital Purchase Program.

Treasury’s public-private funds for toxic assets: How much ‘skin in the game’ will they require?

Friday 01 May 2009 17:22 | Managing Editor | 0 comments

The administration’s complex program to remove toxic assets from banks’ balance sheets drew a step closer to reality with the announcement this week that more than 100 potential fund managers had applied for the securities program.

TARP watchdog goes on media blitz

Thursday 16 April 2009 21:42 | Managing Editor | 0 comments

All of a sudden, Elizabeth Warren, chairman of the Congressional Oversight Panel for the Troubled Asset Relief Program, is everywhere – morning talk shows, news interviews and profiles, and even on the mock news program The Daily Show with Jon Stewart.

White House promises to release some results from bank stress tests

Wednesday 15 April 2009 21:19 | Managing Editor | 0 comments

The administration will release “some” of the results from the stress tests currently being conducted for 19 major banks to see how well their assets hold up under unfavorable economic conditions.

Industry worried about political backlash in public-private partnership

Monday 13 April 2009 20:15 | Managing Editor | 0 comments

A top financial industry group supported the objectives of the government’s Public-Private Investment Program to remove toxic assets from banks’ balance sheets, but warned that some terms had to be ironclad before the private sector would feel safe in taking part.