Treasury_Department

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Latest blogosphere posts tagged “Treasury_Department”

• U.S. Already $292 Billion in the Red this Year – CBO

  
  Roni Deutch: The Tax Lady Blog — Authority: 434
  From Reuters.com : The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday. In October and November, the government spent $292 billion more than it took in, the ...
  4 hours ago

• Dealbook: Bailout Refund Is All About Pay, Pay, Pay

  
  NYT > Theater — Authority: 900
  With Bank of America trying to recruit a new chief executive, it needed to repay the bailout moneys so it would be able to offer a competitive compensation package.
  1 day ago

• A little too late for me, Treasury to help streamline real estate short sales

  
  WalletPop Blog — Authority: 696
  Filed under: Real Estate , Mortgages This year its with no small sense of embarrassment that I had to unload a commercial property as a "short sale." I hasten to underscore that Im by no means a big-time real estate investor, despite how the first line reads. To make a long story short, for 10 years, I had been ...
  1 day ago

• Cheaper bank bail-outs lead Obama to weigh job spending

  
  Thaindian News — Authority: 728
  Washington, Dec 8 (DPA) US President Barack Obama is mulling whether to inject more public funds into the struggling jobs market in the US, taking advantage of the less-than-expected cost of financial bail-outs over the past year.Obama was expected to unveil a package of measures to tackle unemployment during a major ...
  1 day ago

• Treasury Projects Smaller Losses for TARP

  
  The Political Carnival — Authority: 681
  By GottaLaff The word "billions" is becoming nearly meaningless these days. It shouldnt, but its thrown around so often and so freely, its become the new "millions". And the number is so huge that its nearly incomprehensible. Additionally, the word "trillions" has made its way into daily convos lately. Now ...
  1 day ago

• Administration to slash TARP cost $200 billion

  
  CNN Political Ticker — Authority: 825
  New York (CNNMoney.com) - The Obama administration is expected to slash the estimated cost of the Troubled Asset Relief Program by $200 billion, which could help trim the nations bloated deficit. The latest projection, which will be officially unveiled by the White House in the coming days, would cut the long-term ...
  1 day ago

• Treasury Forecasts Smaller Loss From Bank Rescue - NYTimes.com

  
  Business Finance & Economy - business.marc8.com — Authority: 166
  The Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report.
  1 day ago

• U.S. bank bailout estimate cut by $200 billion (Reuters)

  
  Blogger — Authority: 168
  Reuters – The projected long-term cost of the U.S. government’s bailout of the nation’s big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night. See more here:  (Reuters)"> (Reuters)">U.S. bank bailout estimate cut by $200 ...
  2 days ago

• U.S. bank bailout estimate cut by $200 billion (Reuters)

  
  enUws — Authority: 466
  Reuters – The projected long-term cost of the U.S. government’s bailout of the nation’s big banks is going to be at least $… View post: (Reuters)"> (Reuters)">U.S. bank bailout estimate cut by $200 billion (Reuters)
  2 days ago

• Capital One warrants help chip away TARP obligation

  
  BloggingStocks — Authority: 668
  Filed under: JPMorgan Chase (JPM) , Recession , Financial Crisis The Treasury Department made $146.5 million through the sale of Capital One Financial ( COF ) warrants. This was the first auction of warrants conducted by the government as part of the banking system bailout . The sale was conducted by Deutsche ...
  2 days ago

• Neel Kashkari,Minal Kashkari

  
  TrendPK.com — Authority: 462
  TrendPK.com Neel Kashkari,Minal Kashkari:Neel Kashkari could only handle working for the Treasury Department for eight months before he had to move to a cabin in the woods. TrendPK.com Neel Kashkari,Minal Kashkari:Neel Kashkari could only handle working for the Treasury Department for eight months before he had to ...
  2 days ago

• Geithner Rejects Goldman Sachs Assertion It Didn’t Need U.S. Help

  
  Survival News Network — Authority: 141
  Geithner, 48, took issue with that, saying that the entire financial system was at risk at the height of the crisis, including Wall Street’s big institutions.…“None of them would have survived” had the government stood aside and let the crisis run its course, he said. “The entire U.S. financial system and ...
  2 days ago

• Fair Game: Why Treasury Needs a Plan B for Mortgages

  
  NYT > Theater — Authority: 900
  The Treasury’s mortgage-modification program relies on interest-rate reductions rather than principal cuts, which could cause a problem.
  3 days ago

• “You will not have to be told how periods of inflation and depression originate.” (President James A. Garfield, 1881)

  
  InvestmentWatch — Authority: 157
  President James A. Garfield was inaugurated in 1881 and was the second American president to be assassinated. He was shot by Charles J. Guiteau on July 2, 1881 and later died from medical complications on September 19. Two weeks before being shot, President Garfield is attributed with saying, “Whoever controls the ...
  4 days ago

• Week in Review: Things We Liked from the Week That Was

  
  Clean Slate — Authority: 469
  This week marked the official beginning of the holiday season and, as Christmas trees were being lit in Rockefeller Center and at 1600 Pennsylvania Avenue, the real estate industry was abuzz. As a result of the “original” first time home-buyer tax credit, the number of homes with sales pending in October reached ...
  4 days ago

• BofA RETURNING BAILOUT CASH ... ITS SMOKE & MIRRORS

  
  THE MARK MARTINEZ SHOW: Talk Radio for Liberals and Real Conservatives — Authority: 128
  So Bank of America is paying the American government $45 billion . Sounds like great news, huh? The "road to recovery" others will argue. Well, hang on to your wallets. Its all smoke mirrors ... QUICK OVERVIEW BofA is saying that they will use $26.2 billion of its own money to pay down what they borrowed ...
  4 days ago

• Citigroup Stands Alone

  
  NYT > Theater — Authority: 900
  Vikram Pandit, the chief executive of Citigroup, in February.
  5 days ago

• House votes on risk bill, bank breakup power included

  
  BloggingStocks — Authority: 668
  Filed under: Citigroup Inc. (C) , Bank of America (BAC) , Amer Intl Group (AIG) , Federal Reserve , Recession , Financial Crisis The federal government is a step closer to having vast powers over financial services firms. The U.S. House of Representatives Financial Services Committee voted on Wednesday to ...
  5 days ago

• Breakingviews.com: A U.S. Parallel to Dubai World

  
  NYT > Theater — Authority: 900
  A default by Fannie Mae and Freddie Mac on what has long been seen as quasi-sovereign debt would torpedo America’s reputation.
  6 days ago

• Thank You, Sir! May I Have Another?

  
  Bank Lawyer's Blog — Authority: 123
  While weve previously focused on all the banks that are turning up their noses at the sweet smell of TARP II , we almost missed the fact that theres at least one small bank that scooted back to the trough for another generous helping of TARP Lite. WashingtonFirst Bankshares Inc. has sold a second round of ...
  6 days ago

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