treasury department

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Latest blogosphere posts tagged “treasury department”

• U.S. promises unlimited financial assistance to Fannie Mae, Freddie Mac

  
  Stupidica — Authority: 177
  The Obama administration pledged Thursday to provide unlimited financial assistance to mortgage giants Fannie Mae and Freddie Mac, an eleventh-hour move that allows the government to exceed the current $400 billion cap on emergency aid without seeking permission from a bailout-weary Congress. The Christmas Eve ...
  7 hours ago

• A Short Lesson in Chemistry

  
  zero hedge — Authority: 739
  The Obama administration is on the case, dont you worry.  Given that expanding the balance sheets of Government Sponsored Entities, increasing their regulatory caps on assets, and then, when caps could rise no further, permitting them to resort to securitization to move underpriced real estate loans off their balance ...
  11 hours ago

• Obama Administration Lifts Bailout Cap for Fannie and Freddie

  
  American Conservative Daily — Authority: 462
  Treasury Department officials said the cap will be replaced with a flexible formula to ensure the companies will have all the government support needed to stand behind the billions of dollars in mortgage-backed securities they sell to investors.
  15 hours ago

• Senate Votes to Raise Debt Ceiling to $12.4 Trillion

  
  American Conservative Daily — Authority: 462
  The Senates rare Christmas Eve vote allows the Treasury Department to issue enough bonds to fund the governments operations and programs until mid-February.
  22 hours ago

• Grassley puts pressure on Treasury in tax dispute (Washington Post)

  
  REFINANCE-BLOG.INFO — Authority: 155
  Sen. Charles E. Grassley (R-Iowa) upon Wednesday criticized the Treasury Department statute which let Citigroup keep billions of dollars in taxation breaks as well as in jeopardy to forestall the acknowledgment of multiform nominees for comparison Treasury posts until the dialect dangling efforts to pick up the ...
  1 day ago

• Facebook COO Sandberg To Add the Magic Kingdom Board Seat to Her When-You-Wish-Upon-a-Star Resume

  
  BoomTown — Authority: 688
  Facebook COO Sheryl Sandberg already has one of the more shiny resumes in Silicon Valley, a Harvard grad with stints at the World Bank, the U.S. Treasury Department and Google (GOOG), as well as a seat on the board of coffee kingpin Starbucks (SBUX). She was also named one of Fortune magazine’s 50 Most Powerful ...
  1 day ago

• Pandit’s Citi returns $20 bn in bailout funds

  
  Thaindian News — Authority: 727
  By Arun KumarWashington, Dec 24 (IANS) Banking giant Citigroup, led by Indian American CEO Vikram Pandit, has repaid $20 billion it received in bailout funds as it works to free itself from government restrictions including the pay of its top 100 employees.Citigroup which had received $45 billion under the US Troubled ...
  1 day ago

• TARP Repayments From Citi and Wells Completed

  
  DealBook — Authority: 770
  The Treasury Department announced it had received repayments on its Troubled Asset Relief Program investments from Citigroup and Wells Fargo.
  1 day ago

• Treasury Department Takes a Victory Lap

  
  The Reformed Broker — Authority: 628
  I got this little nugget from Big Brother The Office of Public Affairs in my inbox just now... U.S. Treasury Department Office of Public Affairs FOR IMMEDIATE RELEASE:  December 23, 2009 CONTACT: Treasury Public Affairs (202) 622-2960 TREASURY RECEIVES $45 BILLION IN REPAYMENTS FROM WELLS FARGO AND ...
  1 day ago

• Treasury to seek easing of bailout fund rules (Reuters)

  
  Blogger — Authority: 168
  Reuters – The Treasury Department will ask Congress to ease restrictions on the use of bank bailout funds so it can use some of the money to encourage more lending to small businesses, a department official said on Wednesday. See the rest here:  (Reuters)"> (Reuters)">Treasury to seek easing of ...
  1 day ago

• Treasury to seek easing of bailout fund rules (Reuters)

  
  Relevant News — Authority: 178
  Reuters - The Treasury Department will ask Congress to ease restrictions on the use of bank bailout funds so that it can use some of the money to encourage more lending to small businesses, a department official said on Wednesday.
  1 day ago

• More Bailed-Out Community Banks Failing to Pay U.S. Dividends[Barney Frank,Maxine Waters&Deadbeats]

  
  Stupidica — Authority: 177
  A growing number of community banks that got federal bailouts are failing to pay quarterly dividends they owe to the government, including two banks that got aid after congressional intervention on their behalf, according to data released Monday by the Treasury Department. Fifty-five banks failed to make dividend ...
  3 days ago

• Unfettered Government: Live It Up Edition

  
  The Classic Liberal Blog — Authority: 524
  As of now, the U.S. National Debt is approximately $12,109,260,252,116.20 (not including another $100,000,000,000,000.00 or so in unfunded liabilities). Now that you have some perspective, lets see what the Political Class is up to. Postal Employees Live It Up! The U.S. Postal Service lost $3.8 billion last ...
  3 days ago

• Fine print in mortgage modification forms contain booby trap

  
  Mountain Sage — Authority: 135
  Why am I not surprised? Signer beware! Turns out the forms homeowners fill out to apply for lower monthly mortgage payments for three months while waiting for more permanent relief contain a potentially lethal booby trap courtesy of the U.S. Treasury Department. According to a report in the Miami Herald , the ...
  3 days ago

• Ben Bernanke Severely, Historically #$%& Up

  
  Understanding Government — Authority: 142
  The Washington Post’s Biynamin Appelbaum and David Cho remind us of that this morning. Several publications, including Foreign Policy and Time have lately lionized Bernanke and I think there is a silver lining to this coverage in that it highlights the importance (and extraordinary power) of the Federal ...
  3 days ago

• Mystery $100 million payoff buried in Senate health care bill

  
  Stupidica — Authority: 177
  Per the link, buried on page 328 and entitled, "SEC. 10502. INFRASTRUCTURE TO EXPAND ACCESS TO..", there is an appropriation for an undisclosed state to receive from the Federal Treasury $100,000,000, to build or expand a state university medical school. The language reads... "(a) APPROPRIATION.—There are authorized ...
  4 days ago

• Op-Ed Contributors: Show Us the E-Mail

  
  NYT > Theater — Authority: 900
  Before releasing its regulatory clutches, the government should force American International Group to reveal the records showing how its business went bad.
  5 days ago

• I Pay Your Salary, Tax Deadbeat

  
  Economix — Authority: 723
  There are plenty of federal workers among the ranks of the tax delinquents, according to new Internal Revenue Service data.
  6 days ago

• Treasury decided to Retain Citigroup’s Stocks

  
  Fair Loan Rate! — Authority: 138
  The Wall Street Journal reports that just two days after announcing plans to sell as much as $5 billion in shares of Citigroup , the U.S Treasury Department has canceled the sale. This has been done due to the low prices that would have caused the agency to lose money. $45 billion have been received by ...
  6 days ago

• Citigroup to suspend foreclosures till 17th January 2010

  
  Thaindian News — Authority: 727
  New York City, Dec 18 (THAINDIAN NEWS) In a very surprising move by Citigroup, it has decided to suspend the foreclosures and the evictions for a month. The believers can surely call this a Christmas miracle, or all the affected parties can surely call it as a welcome festive gift. Citigroup Inc. has decided [...]
  6 days ago

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