Bailout Transparency News
U.S. Bank Stress Test Results Delayed as Conclusions Debated
[Bloomberg, May 1, 2009]
Fed Hopes 5-Year TALF Loans Will Help Real-Estate Market
[Wall Street Journal, May 1, 2009]
Hearings Sought on Federal Role in Merrill Deal
[Wall Street Journal, May 1, 2009]
At Treasury, Big White House Role
[Wall Street Journal, May 1, 2009]
Mortgage reduction bill fails in Senate
[Los Angeles Times, May 1, 2009]
Chrysler Files to Seek Bankruptcy Protection
[New York Times, April 30, 2009; see also the WSJ editorial (5/1)]
E*Trade Asked to Raise New Capital Without Access to TARP
[BNET, April 30, 2009]
Recipients of Federal Funds Cut Down On Federal Lobbying
[Center for Responsive Politics, April 30, 2009]
Talks Tip Chrysler Toward Bankruptcy
[Washington Post, April 30, 2009]
EDITORIAL: Gettelfinger Motors
[Wall Street Journal, April 30, 2009]
Timing of Goldman bond sale raises questions
[Financial Times (subscription req.) April 30, 2009]
Auto Makers Will Now Be Eligible for TARP Funds
[CNBC, April 29, 2009]
Flawed Credit Ratings Reap Profits as Regulators Fail
[Bloomberg, April 29, 2009]
VIDEO: TARP: A Look at What Happened From Inside the Treasury Department
[Milken Institute Global Conference, April 29, 2009]
The BofA Transcripts, Part II: How to Fill a Merrill Hole
[Wall Street Journal: Deal Book, April 29, 2009; see also "Lawmakers to Keep Heat on Treasury and Fed" (WSJ 4/30)]
COMMENTARY (Dan Slater): Another View: A Bailout for the Plaintiff's Bar
[New York Times: Deal Book, April 29, 2009]
Wis. businesses: Banks stingy with bailout funds
[Associated Press via the Chicago Tribune, April 29, 2009]
After Months on Hot Seat, Bailout Director Nears Exit
[Washington Post, April 29, 2009]
COLUMN (David Pauly): If Banks Are Too Big to Fail, Take an Ax to Them: David Pauly
[Bloomberg, April 29, 2009]
Where did all the bailout money go?
[Christian Science Monitor, April 26, 2009]
Fed Is Said to Seek Capital for at Least Six Banks After Tests
[Bloomberg, April 29, 2009; see also "Citigroup scrambles to raise capital
" (FT, $req., 4/29) and "Bank of America May Need $70 Billion, FBR Says" (Bloomberg 4/28)]
Testimony Sheds More Light on Lewis's Perspective
[Wall Street Journal, April 29, 2009]
Chrysler's Fate Still Shaky Despite Deals
[Washington Post, April 29, 2009; see also "Holdouts Jeopardize Debt Plan for Chrysler" (NYT 4/28)]
Foreclosure Prevention Plan Expanded to 2nd Mortgages
[Washington Post, April 29, 2009; see also the Treasury statement]
SEC needs hedge fund authority: Schapiro
[Reuters, April 29, 2009]
The unbearable opacity of TARP: Government agencies can't tell us who's in charge
[Real Time Investigations, April 28, 2009]
Projected Subsidies Rise for Fannie, Freddie and TARP
[Subsidyscope, April 28, 2009]
Senators Introduce the TARP Transparency Act
[Senatus, April 28, 2009]
Congress To DOJ And SEC: Hand Over AIG Docs Or We'll Subpoena Them
[TPM Muckraker, April 28, 2009]
Feeling More Secure, Some Banks Want to Be Left Alone
[New York Times, April 28, 2009]
Dragging Out The TARP
[Forbes, April 28, 2009]
COMMENTARY (Dean Baker): The Obama Administration and the Bankers: 100 Days of Solicitude
[Huffington Post, April 28, 2009]
Times' Profile of Geithner Reveals New Details about Fed Contracts
[Project On Government Oversight (POGO) Blog, April 28, 2009]
Treasury completes 12 more TARP investments
[Bailout Sleuth, April 28, 2009]
Inspector General Opens Six Bailout-Related Audits
[Bailout Sleuth, April 28, 2009]
Treasury Rejected Oversight Suggestions
[Bailout Sleuth, April 28, 2009]
SEC head says to review TARP company disclosures
[Reuters, April 28, 2009]
Fools Rush in to Ease Mark-to-Market Rules
[The Hearing blog, published by the Washington Post, April 28, 2009]
COLUMN (David Leonhardt): Time for Bank Creditors to Share the Pain?
[New York Times, April 28, 2009]
EDITORIAL: The Big Barofsky
[Wall Street Journal, April 28, 2009; see also editorials in the Baltimore Sun (4/27) and Appleton (Wisc.) Post-Crescent (4/26)]
EDITORIAL: Stress Tests
[Washington Post, April 28, 2009; see also "Guarding Stress Test Results" (Center for American Progress, 4/27)]
Fed Pushes Citi, BofA to Increase Capital
[Wall Street Journal (subscription req'd), April 28, 2009]
U.S. Tries to Broker Sale Of Chrysler's Loan Arm
[Washington Post, April 28, 2009]
GM's New Road Map: Partial Nationalization
[Washington Post, April 28, 2009]
Stalled Nomination Weighs on Commodities Oversight
[Washington Post, April 28, 2009]
Bair Looks Past Tests, Seeks End to 'Too Big to Fail'
[Bloomberg, April 28, 2009]
TARP cop sees unstressful bank tests
[Reuters, April 27, 2009]
Fund firms step up for Geithner's toxic-asset purchase plan
[Money & Co. blog, published by the Los Angeles Times, April 27, 2009]
NY Fed Releases Geithner's Schedule
[Columbia Journalism Review, April 27, 2009]
Column (Andrew Ross Sorkin): Stress Tests? No Big Deal After All
[New York Times, April 27, 2009]
Northern Trust Plans $1.25 Billion Sale to Repay TARP
[Bloomberg, April 27, 2009]
OPINION (Henry Kaufman): How libertarian dogma led the Fed astray
[Financial Times (subscription req'd), April 27, 2009]
CREW wants FDIC's Inspector General to review suspect contract with company owned by Sen. Feinstein's husband: Fair deal or not?
[Citizens for Responsibility and Ethics in Washington Blog, April 27, 2009]
Bankers Turn Off Campaign Cash Spigot
[Washington Independent, April 27, 2009]
U.S. toxic-asset plan stirs fears
[Los Angeles Times, April 27, 2009]
EDITORIAL: Busting Bank of America
[Wall Street Journal, April 27, 2009]
Stress Tests May Compel Banks to Convert TARP Stock to Common
[Bloomberg, April 27, 2009]
Member and Overseer of the Finance Club
[New York Times, April 26, 2009]
OPINION (Eric Dinallo): Marriage, not dating, is the key to healthy regulation
[Financial Times (subscription req'd), April 26, 2009]
OPINION (Robert B. Reich): We Need Public Directors on TARP Bank Boards
[Wall Street Journal, April 25, 2009]
EDITORIAL: The Stress Test Results
[New York Times, April 25, 2009]
After Off Year, Wall Street Pay Is Bouncing Back
[New York Times, April 25, 2009; see also Krugman's commentary (4/27)]
Stress test water torture continues
[Salon: How the World Works, April 24, 2009]
Dual US stance on valuing bank securities
[Financial Times, April 24, 2009]
New Worries for Next Tier of Banks
[New York Times, April 24, 2009; see also "Stress Tests Show One Bank Would Need More Capital" (CNBC 4/25)]
Bear, AIG Dumped $74 Billion in Subprime, CDOs on Fed
[Bloomberg, April 24, 2009; see also Fed's Bear Losses Dominated by Commercial Real Estate, (Bloomberg 4/23) and the Fed's statement (4/23)]
Regulators Fell One Bank, Spare a Rival
[Wall Street Journal, April 24, 2009]
The Unbearable Vagueness of Timothy Geithner
[Mother Jones, April 24, 2009]
Private investors skeptical of bank toxics purchase plan
[MarketWatch, April 24, 2009; see also Joshua Rosner's commentary from the Huffington Post, 4/23]
Treasury kept quiet about legal services contracts
[Bailout Sleuth, April 24, 2009]
COLUMN (Donald Luskin): TARP Looking More Criminal by the Minute
[National Review, April 24, 2009]
COMMENTARY (Jon Faust): Guest Contribution: TARP's 66-Cent Myth
[Real Time Economics blog, published by the Wall Street Journal, April 24, 2009]
EDITORIAL TARP report: Treasury strategy isn't clear
[Salt Lake Tribune, April 24, 2009]
Frank urges White House on Tarp payback
[Financial Times (subscription req'd), April 24, 2009]
Should We Increase Lobbying Disclosure Requirements for Bailout Firms?
[Sunlight Foundation Blog, April 24, 2009]
House, Senate differ on financial crisis commission
[The Hill, April 24, 2009]
ANALYSIS-Derivatives to stay OTC, regulators push transparency
[Reuters via Forbes, April 24, 2009]
Regulators See Risk in U.S. Bank Stakes
[Wall Street Journal, April 23, 2009; see also the FSOB report]
TARP Watchdog Warns Congress About Conflicts of Interest
[Project On Government Oversight (POGO) Blog, April 23, 2009; see also coverage of the Joint Economic Committee hearing by MarketWatch and the AP]
The Trillion Dollar Question: Adding up The Financial Rescue
[ProPublica, April 23, 2009]
Lewis Testifies U.S. Urged Silence on Deal
[Wall Street Journal (subscription req'd), April 23, 2009]
Federal Program to Boost Private Lending Struggles to Get Money to Consumers
[Washington Post, April 23, 2009]
Rep. Frank Slows Market Regulation Bill
[Wall Street Journal, April 23, 2009]
OPINION (Charles W. Calomiris): Financial Reforms We Can All Agree On
[Wall Street Journal, April 23, 2009]
COLUMN (David Weidner): The Bailout Is a Bargain
[Wall Street Journal, April 23, 2009]
Freddie Mac Disclosures To Investors Examined
[Washington Post, April 23, 2009]
Franklin broker's $10.9 million fraud is first for government's bank bailout
[Tennessean, April 22, 2009]
Treasury picks asset management firms for bailout
[Associated Press, April 22, 2009; see also the contracts: New York City-based AllianceBernstein LP; FSI Group LLC, based in Cincinnati, Ohio; and Piedmont Investment Advisors LLC of Durham, N.C.]
COLUMN (Darrell Delamaide): A tale of two watchdogs: Bringing the bank bailout to heel
[MarketWatch, April 22, 2009]
Sorry, Geithner, Law Says You Can't Refuse To Let Banks Repay TARP (JPM, GS)
[Clusterstock, April 22, 2009]
OPINION (William Cohan): Clever wheezes do not mend banks
[Financial Times (subscription req'd), April 22, 2009]
Stress Tests Flash a Lot More Red
[Wall Street Journal (subscription req'd), April 22, 2009]
Treasury Clarifies Pay Limits in Public-Private Aid
[Bloomberg, April 22, 2009]
Financial Firms Lobby to Cut Cost of TARP Exit
[Wall Street Journal, April 22, 2009]
Banks May Get Mix of U.S. Stock Conversions, Private Funding
[Bloomberg, April 22, 2009]
COLUMN (Thomas F. Cooley): Elizabeth Warren's Holy Crusade
[Forbes, April 22, 2009]
Secretary Geithner, Meet the Congressional Oversight Panel
[Project On Government Oversight (POGO) Blog, April 21, 2009]
Enough left in TARP to get job done, Geithner says
[MarketWatch, April 21, 2009; see also Geithner's letter to Warren, opening remarks and written testimony]
Fed Governor Hoenig: Let Failing Banks Die
[Huffington Post, April 21, 2009]
OPINION (Mohamed El-Erian): Bank tests we should get stressed about
[Financial Times (subscription req'd), April 21, 2009]
AP Exclusive: Fed tests harder on regional banks
[Associated Press, April 21, 2009]
Treasury completes more TARP deals
[Bailout Sleuth, April 21, 2009]
US Bancorp Announces Plan to Return TARP Funds
[Bailout Sleuth, April 21, 2009]
GM, Chrysler to get $5.5B more in government loans
[Associated Press via Los Angeles Times, April 21, 2009]
Firms Infused With Rescue Cash Find Money to Fund Lobbying
[Washington Post, April 21, 2009]
Geithner: Can't Evaluate Bailout In Normal Business Terms
[Washington Post: The Ticker, April 21, 2009]
Pay Limits May Apply To Toxic-Asset Relief Program, Report Says
[Washington Post, April 21, 2009]
Treasury Says About $110B Left in Bailout Fund
[AP via New York Times, April 21, 2009]
Programs to Help Banks Are Seen as Open to Fraud
[New York Times, April 21, 2009; see also coverage from Los Angeles Times and Bloomberg, and read the SIGTARP report courtesy on the New York Times]
Bailout's top cop probes twenty TARP fraud cases
[The Hill, April 21, 2009]
Companies Predict Bailout-Related Increase in Whistleblower Lawsuits
[National Law Journal via Law.com, April 21, 2009]
Geithner Weighs Bank Repayments
[Wall Street Journal, April 21, 2009]
EDITORIAL: A Backdoor Nationalization
[Wall Street Journal, April 21, 2009]
More Rescued Banks Might Suspend Interest Payments
[Washington Post, April 21, 2009]
Pay Rule Led Chrysler to Spurn Loan, Agency Says
[Washington Post, April 21, 2009]
AIG Gets Aid, Minus Bonus Pay
[Wall Street Journal (subscription req'd), April 21, 2009]
Regulators Give Greater Weight to Loan Quality in U.S. Tests
[Bloomberg, April 21, 2009]
COMMENTARY (Robert Kuttner): Confidence Game
[Huffington Post, April 21, 2009]
COLUMN (Aaron Ross Sorkin): Bank Profits Appear Out of Thin Air
[New York Times, April 20, 2009]
COMMENTARY (Nassim Nicholas Taleb): Goldman Sachs Counts on Society's Implicit Stop-Loss Order
[Huffington Post, April 20, 2009]
TCF seeks to fully end federal 'rescue'
[Minneapolis-St. Paul Star Tribune, April 20, 2009]
Rockland Trust returning bailout money
[Boston Herald, April 20, 2009]
Bernanke ramped up meetings before bailout changes
[Associated Press via Seattle Times, April 20, 2009]
Bank Lending Keeps Dropping
[Wall Street Journal (subscription req'd), April 20, 2009]
U.S. Officials Signal No Need for More TARP Funds From Congress
[Bloomberg, April 20, 2009]
Fed's Kohn, Dudley Defend Size, Scope of Emergency Loan Plans
[Bloomberg, April 20, 2009]
How Much Could the Government Lose on TARP?
[Business Week, April 20, 2009; see also the Congressional Budget Office Director's blog post]
U.S. May Convert Banks' Bailouts to Equity Share
[New York Times, April 19, 2009; see also James Kwak's response]
3 Trustees of A.I.G. Are Quiet, Perhaps to a Fault
[New York Times, April 19, 2009]
US to put conditions on Tarp repayment
[Financial Times, April 19, 2009]
Steeled for stress
[Financial Times, April 19, 2009]
Bank bailout plan's 'stress tests' already causing stress
[Los Angeles Times, April 19, 2009; see also "Bank Regulators Clash Over U.S. Stress-Tests Endgame" (Bloomberg 4/18)]
Bailout overseer draws fire from right
[Politico, April 19, 2009]
EDITORIAL: Curve Cure: A fresh proposal to fight credit-rating grade inflation
[Washington Post, April 19, 2009]
How Do You Spell Sweet Deal? For Banks, It's TLGP
[Barron's (subscription req'd), April 18, 2009]
Head of Fannie Mae Picked to Run Treasury's Bailout Program
[Washington Post, April 18, 2009]
Bank Profits Mask Peril Still Lurking
[Washington Post, April 18, 2009; see also NYT's coverage]
Treasury Releases Congressional Letters
[Treasury Department, April 17, 2009]
Bernanke Defends Financial Innovation, Calls for Transparency
[Wall Street Journal (subscription req'd), April 17, 2009]
Seventh U.S. bank repays bailout money
[Reuters, April 17, 2009]
EDITORIAL Capitol capital
[Financial Times, April 16, 2009]
Banks Rush to Repay U.S. Funds, but Cling To Other Lifelines
[Washington Post, April 17, 2009]
U.S. May Retain Grip on Banks With Warrants After Share Buyback
[Bloomberg, April 17, 2009]
Stiglitz Says White House Ties to Wall Street Doom Bank Rescue
[Bloomberg, April 17, 2009]
Rescued Banks Balk at Chrysler Deal
[Washington Post, April 17, 2009]
Fed Looks Long Term for TALF
[Wall Street Journal (subscription req'd), April 17, 2009]
Fed Shrouding $2 Trillion in Bank Loans in 'Secrecy,' Suit Says
[Bloomberg, April 16, 2009]
U.S. Aims to Release Bank Stress-Test Results May 4
[Bloomberg, April 16, 2009]
A.I.G. Chief Owns Significant Stake in Goldman
[New York Times, April 16, 2009; see also Rep. Cummings' statement]
Keeping consumers safe from financial products
[MarketWatch, April 16, 2009]
EDITORIAL: Stop stalling and show us the bailout books
[Washington Examiner, April 16, 2009]
Pelosi calls for panel to probe Wall Street
[San Francisco Chronicle, April 16, 2009]
COLUMN (Nouriel Roubini): The 'Stress Tests' Are Really 'Fudge Tests'
[Forbes, April 16, 2009]
Banks Balk at Selling Toxic Assets
[Time, April 16, 2009]
TARP Cash Isn't Moving Forward
[Wall Street Journal, April 16, 2009; see also Treasury's statement]
Bank Test Results May Strain Limits Of Bailout Funding
[Washington Post, April 16, 2009]
U.S. Regulators to Detail Stress-Test Methods Ahead of Results
[Bloomberg, April 16, 2009]
Trying to defuse the U.S. bank test bomb
[Reuters, April 15, 2009; see also commentary by Kathleen Pender (SF Chronicle, 4/15) and David Wessel (WSJ, subscription req'd, 4/16)]
Fed Considers More Disclosure on Emergency Programs
[Bloomberg, April 15, 2009]
Six Servicers Get $9.9B For Loan Modifications
[HousingWire, April 15, 2009]
Schapiro: Credit rating agencies need change
[MarketWatch, April 15, 2009]
OPINION (Tom Wilson): Regulate Me, Please
[New York Times, April 15, 2009]
COMMENTARY (Felix Salmon): Goldman's hubris
[Reuters, April 15, 2009]
Fannie, Freddie Face Pressure to Revamp as U.S. Aid Increases
[Bloomberg, April 15, 2009]
TARP Watchdog On Recovery: Too Little Accountability, Too Close To Japan Model (VIDEO)
[Huffington Post, April 15, 2009]
Is Geithner's Hedge-Fund Bailout Illegal?
[Mother Jones, April 14, 2009]
Banking Group Warns Against FDIC Wind-Down Authority
[Wall Street Journal (subscription req'd), April 15, 2009]
AIG's Shrinking Swaps Unit May Suffer More Losses
[Bloomberg, April 15, 2009]
Ahead of Stress Test Results, Banks Balk at More Federal Aid
[Washington Post, April 15, 2009]
COLUMN (Steven Pearlstein): Reinventing Regulation
[Washington Post, April 15, 2009]
EDITORIAL: Obama's code of secrecy
[Washington Times, April 15, 2009]
Bernanke's PR Push Rewrites Fed Script
[Wall Street Journal, April 15, 2009]
Wall Street Still Finds Ways to Hire Foreigners
[Wall Street Journal, April 15, 2009]
EDITORIAL The Goldman Two-Step
[Wall Street Journal, April 15, 2009; see also FT's editorial (subscription req'd)]
Goldman Revamp Puts Dec. Losses Off Books
[Washington Post, April 15, 2009]
Check Out Our New Bailout Database and Blog
[ProPublica, April 14, 2009]
U.S. Program Lends a Hand to Banks, Quietly
[New York Times, April 14, 2009]
U.S. Planning to Reveal Data on Health of Top Banks
[New York Times, April 14, 2009; see also WSJ's coverage]
Goldman plan sign of strength and a worry: sources
[Reuters, April 14, 2009]
Car parts groups prepare to request more aid
[Financial Times, April 14, 2009]
Congress Probing AIG Spin Shop
[TPM Muckraker, April 14, 2009]
SEC to probe role credit rating firms had in meltdown
[The Hill, April 14, 2009; see also the Wall Street Journal editorial on ending the credit rating firm oligopoly]
Goldman Sachs's Viniar 'Mystified' by Interest in AIG
[Bloomberg, April 14, 2009]
TARP II: more questions than answers
[Politico, April 14, 2009]
Signs of Economic Recovery Fuel Debate Over Federal Bailout Program
[FOX News, April 14, 2009]
Treasury completes more bank deals
[Bailout Sleuth, April 14, 2009]
Change to Win Calls For Audit Of Financial Services Industry's Use Of Public TARP Funds
[Change to Win, April 14, 2009]
Treasury Plans to Tap Fannie Mae Chief to Run Bailout
[Washington Post, April 14, 2009]
Barack Vs. The Banks
[New Republic, April 14, 2009]
Challenges Remain For AIG, Employees
[Washington Post, April 14, 2009]
SEC to review whether BofA broke the law
[Financial Times (subscription req'd), April 14, 2009]
Banks Returning Bailout Money Kvetch About Repayment Terms
[ProPublica, April 13, 2009; see also "Some Banks Should Stay Under The TARP" (Forbes, 4/13)]
Goldman Posts Profit and Will Raise $5 Billion
[New York Times, April 13, 2009; see also "U.S. Regulators Unlikely to Object to Goldman TARP Repayment" (Bloomberg, 4/13)]
Oversight Panel Launches Investigation Into Credit Card Fees
[Bailout Sleuth, April 13, 2009]
EDITORIAL: The Fed's Balance Sheet
[Washington Post, April 13, 2009; see also "Fed's Flood May Leave Democracy Needing Bailout" (American Enterprise Institute, 4/13) and "Figuring out the Fed" (Sunlight Foundation Blog, 4/10)]
Is FDIC Overstepping Its Authority Without Congressional Oversight?
[Project On Government Oversight (POGO) Blog, April 13, 2009]
How Treasury could force banks to take their medicine
[MarketWatch, April 13, 2009 see also coverage from Bloomberg]
What's the tab for the bailout? Take your pick
[MSNBC, April 13, 2009]
Tarp investigator seeks evidence of book fiddling
[Financial Times (subscription req'd), April 12, 2009; see also SIGTARP Investigates Possible Book-Cooking! (OMB Watch 4/12)]
AIG in spotlight over derivatives
[Financial Times (subscription req'd), April 12, 2009]
OPINION (Hernando de Soto) Global Meltdown Rule No. 1: Do the math
[Los Angeles Times, April 12, 2009]
COLUMN (Loren Steffy): TARP results still unclear
[Houston Chronicle, April 12, 2009]
INTERVIEW (Elizabeth Warren): Keeping tabs on the bailout
[Boston Globe, April 12, 2009]
The Debt Crusader
[Newsweek, April 11, 2009]
EDITORIAL: Learning to Love the Bailout
[New York Times, April 11, 2009]
Showdown Seen Between Banks and Regulators
[New York Times, April 11, 2009]
The Path of Kohn: Crisis Changes a Fed Vet
[Wall Street Journal (subscription req'd), April 11, 2009]
Wall Street Digs In
[Newsweek, April 10, 2009]
Rollout for TARP not exactly smooth
[Charlotte Observer, April 10, 2009]
Who's manning the TARP desk?
[Real Time Investigations blog, published by the Sunlight Foundation, April 10, 2009]
Fed Said to Order Banks to Stay Mum on 'Stress Test' Results
[Bloomberg, April 10, 2009]
Debate Continues Over US Treasury Toxic-Asset Plan Rule
[Dow Jones Newswires via the Wall Street Journal (subscription req'd), April 9, 2009]
Treasury Won't Say If It Has Refused to Allow Banks to Give Back 'Bailout' Money
[CNSNews.com, April 9, 2009]
Treasury Has About $100B Left to Spend From TARP
[FOX Business, April 9, 2009]
Talf, Tarp, Hope for Homeowners Underwhelm
[On Wall Street, April 9, 2009]
TARP Recipients Required to Modify Loans, HUD Says
[Bloomberg, April 9, 2009]
Law Firms to Get $26 Million to Advise Treasury on Auto Industry Plan
[American Lawyer, April 9, 2009]
Catch-22: Can AIG Repay Taxpayers?
[ProPublica, April 9, 2009]
TARP Oversight Board Questions Bailout Assumptions
[Bailout Sleuth, April 9, 2009;]
How To Avoid a Botched Insurance Bailout
[Flow Chart blog, published by U.S. News & World Report, April 9, 2009]
Revolving Door, Bailout Edition
[Mother Jones, April 9, 2009]
COMMENTARY (Amar Bhide): You Can't Rush a Recovery
[Wall Street Journal, April 8, 2009]
Inside the Fed's Trillion-Dollar Decision: Crisis Outweighed Inflation Fears
[Washington Post, April 9, 2009; see also Fed hedges bets in face of uncertainty from Financial Times (subscription req'd)]
How Bernanke Staged a Revolution
[Washington Post, April 9, 2009]
U.S. Imagines the Bailout as an Investment Tool
[New York Times, April 8, 2009]
Banks Holding Up in Tests, but May Still Need Aid
[New York Times, April 8, 2009]
Questions Over Bailout for Insurers
[New York Times, April 8, 2009]
AUDIO: TARP Inspector Gears Up To Oversee Bailout
[NPR's All Things Considered, April 8, 2009]
Regulators may not want TARP money back soon
[Reuters, April 8, 2009]
Bank tests could put Treasury in tough spot
[Reuters, April 8, 2009]
COLUMN (Robert Cyran): The Downfall of a Regulator
[New York Times, April 8, 2009]
Call To Action for real financial reform
[U.S. PIRG Consumer Blog, April 8, 2009]
COMMENTARY (Sheila Tendy): Finding a Home for Toxic Assets: Where is the Final Resting Place?
[Huffington Post, April 8, 2009]
Congressional Panel Suggests Firing Managers, Liquidating Banks
[Bloomberg, April 8, 2009; see also coverage from Reuters and CNN]
U.S. to Offer Aid to Life Insurers
[Wall Street Journal, April 8, 2009]
Real-Estate Industry Pushes Fed to Lengthen TALF Terms
[Wall Street Journal, April 8, 2009]
Investors Wary of Program to Revive Consumer Lending
[Washington Post, April 8, 2009]
Credit Swaps 'Big Bang' Loosens Bank Grip as Pimco, Primus Gain
[Bloomberg, April 8, 2009]
Inspector to Audit A.I.G.'s Counterparty Payouts
[Dealbook blog, published by the New York Times, April 7, 2009]
Treasury invests in 10 more banks
[Bailout Sleuth, April 7, 2009]
Frank set to move on derivatives
[The Hill, April 7, 2009]
Bailed-Out Firms Clamber to Satisfy Say-on-Pay Proviso
[Washington Post, April 8, 2009]
Source: Bank 'stress test' results delayed
[CNNMoney.com, April 7, 2009]
US Treasury offers capital to mutual banks, thrifts
[Reuters, April 7, 2009; see also the application documents for mutual holding companies]
Government TARP Losses Reach $100 Billion
[Bailout Sleuth, April 7, 2009]
Plan to Expand Financial Oversight May Add New Risks
[Washington Post, April 7, 2009]
COLUMN (Andrew Ross Sorkin): 'No-Risk' Insurance at F.D.I.C.
[New York Times, April 7, 2009
COLUMN (Jeffrey Sachs):The Geithner-Summers Plan is Even Worse Than We Thought
[Huffington Post, April 7, 2009; see also commentary by Dean Baker]
Does AIG Really Need to Pay Its Counterparties in Full?
[ProPublica, April 7, 2009]
House to Probe Adherence to Bailout Pay Rules
[Washington Post, April 7, 2009]
Bailout Man Turns the Screws
[Wall Street Journal, April 7, 2009]
Obama administration warns of mortgage relief scams
[Los Angeles Times, April 7, 2009]
OPINION (René M. Stulz): In Defense of Derivatives and How to Regulate Them
[Wall Street Journal, April 7, 2009]
Treasury seeks more partners for bad asset program
[Associated Press via Google, April 6, 2009; see also the Financial Times' coverage (sub. req'd) and Treasury's statement]
Banks Have Leeway In Accessing US Government Funds - Watchdog
[Dow Jones Newswires via SmartMoney, April 6, 2009; also "TARP Diagnostics"]
'A Failure to Communicate'? Administration Tries to Explain Financial Crisis
[ABC News, April 6, 2009]
Connecticut attorney probes ratings bailout "windfall"
[Reuters, April 6, 2009]
White House accused of bail-out unfairness
[Financial Times (subscription req'd), April 6, 2009]
Hartford Gets Extension on Effort to Get TARP Funding
[Bailout Sleuth, April 6, 2009]
OPINION (Andrew M. Rosenfield): How to Clean a Dirty Bank
[New York Times, April 6, 2009; see also Op-eds by Martin Feldstein (WSJ 4/4) and Ronald P. O'Hanley (NYT 4/4)]
Officials Prepare to Analyze Stress Tests
[Wall Street Journal, April 6, 2009; see also Dean Baker's response in The American Prospect]
US watchdog calls for bank executives to be sacked
[The Guardian, April 5, 2009]
OPINION (Tyler Cowen): Why Creditors Should Suffer, Too
[New York Times, April 5, 2009]
COLUMN (Frank Rich): Even Rick Wagoner's Firing Got Lousy Mileage
[New York Times, April 5, 2009]
OPINION (Simon Johnson and James Kwak): The Radicalization of Ben Bernanke
[Washington Post, April 5, 2009]
Administration Seeks an Out On Bailout Rules for Firms
[Washington Post, April 4, 2009; see also the Administration's response]
Estimate of TARP's Cost to Taxpayers Increases
[Wall Street Journal, April 4, 2009]
Big Banks Resist Call to Aid Chrysler
[Wall Street Journal (subscription req'd), April 4, 2009]
Mortgage aid often failed to curb defaults
[Los Angeles Times, April 4, 2009]
No increase in new loans at Northern Trust, most other major TARP recipients
[Chicago Tribune, April 3, 2009]
COMMENTARY: Bailout Briefing #4 - Twenty-Four Hearings...But Little Heard
[U.S. PIRG, April 3, 2009]
EDITORIAL: Sanders gives boost to bailout transparency
[Burlington Free Press, April 3, 2009]
OPINION (Randy Forbes): Bailout madness
[Tidewater News, April 3, 2009]
Inside Obama's bank CEOs meeting
[Politico, April 3, 2009]
As Crisis Loomed, Geithner Pressed But Fell Short
[Washington Post, April 3, 2009; see also the related timeline]
Under New Accounting Rule, Toxic Assets May Be Revalued
[Washington Post, April 3, 2009]
'Chronic Disorganization' Cited in Efforts to Fix Crisis
[Washington Post, April 3, 2009]
Obama Banking Policy Signals $1 Trillion Writedowns From Loans
[Bloomberg, April 3, 2009]
FHA Losses Spur Talk of a Taxpayer Bailout
[Wall Street Journal, April 3, 2009]
Dream Mortgage Bailout Has a Darker Side
[Wall Street Journal, April 3, 2009]
Homeowner-Aid Plan Caught in Second-Loan Spat
[Wall Street Journal, April 3, 2009]
Ex-Chairman of A.I.G. Says Bailout Has Failed
[New York Times, April 3, 2009]
Regulators Agree to Create Stricter Capital Requirements for Banks
[Wall Street Journal, April 2, 2009; see also Transparency International's response]
Sen OKs Mandate Of TARP Money For Small Businesses
[Dow Jones Newswires via Morningstar, April 2, 2009; see also "Senate votes for openness in Fed bailouts" from the AP]
Treasury Seeks to Free Up Funds by Shuffling Spending in TARP
[Wall Street Journal, April 2, 2009]
E-Paper Trail Embarrasses Treasury, Fed
[Real Time Economics blog, published by the Wall Street Journal, April 2, 2009]
Bailed-out banks eye toxic asset buys
[Financial Times (subscription req'd), April 2, 2009]
Geithner's perception problem
[Fortune, April 2, 2009]
No Private Hedge
[New York Post, April 2, 2009]
Members sought TARP cash for banks back home
[The Hill, April 2, 2009]
Frank dismisses Towns's plan to slow down reform
[The Hill, April 2, 2009]
Hoenig Says Fed Should Become Financial-Stability Regulator
[Bloomberg, April 2, 2009; see also "Fed's Hoenig: Rules Based Regulation Superior To Principles"]
TARP Program Redacts Own Office Location
[Bailout Sleuth, April 2, 2009]
Kroll Sees High Risk of Fraud in Bailout and Stimulus Packages
[Bailout Sleuth, April 2, 2009]
Fannie, Freddie Quietly Lift Moratorium on Foreclosures
[Washington Independent, April 2, 2009]
View on Federal Aid Anything But Unified
[American Banker, April 2, 2009]
Hartford, Protective Left Hanging as Treasury Stalls on TARP
[Bloomberg, April 2, 2009]
In Europe, Obama Faces Calls for Rules on Finances
[New York Times, April 2, 2009]
COLUMN (Michael Hiltzik): Credit rating firms are like cancer to the financial system
[Los Angeles Times, April 2, 2009]
Treasury's Hazy Bailout Accounting
[ProPublica, April 1, 2009]
Sanders Resolution Calls For End To Fed Secrecy
[Huffington Post, April 1, 2009]
Govt's Shiny New Bailout Site Leaves the Counting to You
[ProPublica, April 1, 2009]
Audit Checks Uncover Weakness in Lender Loss Reserves
[ProPublica, April 1, 2009]
EDITORIAL: Revising the rules
[Financial Times, April 1, 2009]
Bank Rescue 2.0: Treasury Could Dump Toxic Assets Online
[Huffington Post, April 1, 2009]
Geithner's Plan: Loopholes Galore
[Business Week, April 1, 2009]
OPINION (Peyton Young): Why Geithner's plan is the taxpayers' curse
[Financial Times, April 1, 2009]
Frank to Treasury: Do Foreign Banks Get Preferential Treatment?
[TPM DC, April 1, 2009]
Are Banks Fleeing Accountability?
[Dirt Diggers Digest, March 31, 2009]
U.S. Plans Key Role In Naming GM Board
[Washington Post, April 1, 2009]
EDITORIAL Treasury's Very Private Asset Fund
[Wall Street Journal, April 1, 2009]
Fed Loans Recipients Could Face Hiring Restrictions
[Wall Street Journal, April 1, 2009]
Congress Seeks Independent Reports on AIG
[Wall Street Journal, April 1, 2009]
A Tweak to Bailout Deal Makes Bank Stock Pricier
[Wall Street Journal, April 1, 2009]
COLUMN (Floyd Norris): Banks Are Set to Receive More Leeway on Asset Values
[New York Times, April 1, 2009]
OPINION (Joseph E. Stiglitz): Obama's Ersatz Capitalism
[New York Times, April 1, 2009]
Federal Plan to Aid Small Businesses Is Flawed, Lenders Say
[Washington Post, April 1, 2009]
Oversight Office Redacts Contract Terms With Outside Consultants
[Bailout Sleuth, March 31, 2009]
Highlights from Today's TARP Oversight Hearing
[Project On Government Oversight (POGO) Blog, March 31, 2009; see also coverage from the Christian Science Monitor, the Washington Independent, and ABC News]
Lack of reporting, communication threaten TARP program
[Nextgov, March 31, 2009]
Geithner's cash begins to run out
[The Hill, March 31, 2009]
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion
[Bloomberg, March 31, 2009]
Nominee For Treasury's Number Two Helped Draft Legislation Deregulating Banks
[Plum Line blog, published by Who Runs Gov, March 31, 2009]
Treasury completes 14 more bank investments
[Bailout Sleuth, March 31, 2009; see also Treasury's new XML feed of TARP transactions]
Four Banks Return Bailout Cash
[ProPublica, March 31, 2009; see also NYT's coverage]
Senators Call For More TARP Funds For Small Business
[Independent Street blog, published by the Wall Street Journal, March 31, 2009]
COLUMN (Ed Feulner): Shine a light on federal spending
[Holland (Michigan) Sentinel, March 31, 2009]
TARP banks announce merger
[Bailout Sleuth, March 31, 2009]
Banks Starting to Walk Away on Foreclosures
[New York Times, March 29, 2009]
Hard Line on Auto Aid Puts Bailed-Out Firms on Notice
[Washington Post, March 31, 2009; see also "The Double-Standard Question Haunting Today's Detroit Announcement"]
FinancialStability.gov: Treasury Launching Major New Site With TARP, Contract Info
[Huffington Post, March 31, 2009]
U.S. Threatens Bankruptcy for GM, Chrysler
[Wall Street Journal, March 31, 2009]
COMMENTARY (Lucian Bebchuk): A Fix for Geithner's Plan
[Washington Post, March 31, 2009]
Fed Takes Lead Role in Executing 'Stress Tests' of U.S. Banks
[Bloomberg, March 31, 2009]
COMMENTARY (Louis J. Freeh): Public accountability required
[Washington Times, March 31, 2009]
US banks say using TARP for lending, mergers-FDIC
[Reuters, March 30, 2009; see also the report from the FDIC IG]
Big boys take small banks' TARP bucks
[Crain's Chicago Business, March 30, 2009]
Insurers buy banks to tap into bailout
[Indianapolis Star, March 30, 2009; see also Bailout Sleuth's coverage]
AIG Isn't In Charge
[Legal Times, March 30, 2009]
Black caucus feeling left out on bailout
[Politico, March 30, 2009]
COLUMN (Allan Sloan): Outrageous Fortune
[Washington Post, March 31, 2009]
Are Treasury Officials and Contractors Cashing In on the Bailout?
[Project On Government Oversight (POGO) Blog, March 30, 2009]
Bernanke Seeks to Avert Pressures on Fed After Crisis
[Bloomberg, March 30, 2009]
COMMENTARY (Caroline Baum): Bank Watchdogs Snooze Before the Biggest Heists
[Bloomberg, March 30, 2009]
Treasury Has $134.5 Billion Left in TARP
[Wall Street Journal (subscription req'd), March 30, 2009; see also Bloomberg's coverage]
COLUMN (L. Gordon Crovitz): Transparency Is More Powerful Than Regulation
[Wall Street Journal, March 30, 2009]
Obama to GM, Chrysler: Try, try again
[Los Angeles Times, March 30, 2009]
AIG crisis could be tip of an insurance iceberg
[Los Angeles Times, March 30, 2009]
New Task Seen for Fannie, Freddie
[Wall Street Journal, March 30, 2009]
COMMENTARY (Robert Kuttner): Obama's Banking Rescue: O for Opaque
[Huffington Post, March 29, 2009]
Overhaul Targets Money Market
[Washington Post, March 29, 2009; see also Treasury's outline]
EDITORIAL: Systemic Task
[Washington Post, March 29, 2009]
EDITORIAL: Questions for Reform
[New York Times, March 29, 2009]
Bernanke to tackle minority access to bailout contracts
[The Hill, March 28, 2009]
Bankers, Obama in Uneasy Truce
[Wall Street Journal, March 28, 2009]
U.S. Backdating Probe Roils OTS
[Wall Street Journal, March 28, 2009]
Despite FOIA Victory, FBN Finds Government Holds Back
[FOX Business Network, March 27, 2009]
Inquiry Asks Why A.I.G. Paid Banks
[New York Times, March 27, 2009; see also "U.S. Banks Stiffed By AIG Kept Secret"]
SEC's Oversight Would Expand
[Wall Street Journal, March 27, 2009]
OPINION (Michael Kinsley): Transparent Obfuscation: A Rescue Plan With the Clarity of a Credit Default Swap
[Washington Post, March 27, 2009]
Bair Is Open to Banks Profiting on Problem Loans
[Wall Street Journal (subscription req'd), March 27, 2009]
NYT Sues Fed and Treasury
[Columbia Journalism Review, March 26, 2009]
Freddie Mac's Duel With Regulator: Does It Report Government's Role in Its Losses?
[Washington Post, March 27, 2009]
The U.S.'s Fly on the Wall at AIG
[Wall Street Journal, March 27, 2009]
The Government Wants Your Take on Geithner's New Bank Plan
[TPM DC, March 26, 2009]
More Banks Prepare to Return TARP Funds
[Bailout Sleuth, March 26, 2009]
COMMENTARY: Obama's bank plan could rob the taxpayer
[Financial Times, March 25, 2009]
Econ board has yet to meet publicly
[Politico, March 23, 2009]
SEC Chairman to Ask for Greater Control
[Washington Post, March 26, 2009]
Geithner to Propose Vast Expansion Of U.S. Oversight of Financial System
[Washington Post, March 26, 2009]
A Growing Chorus on the Hill Questions the Fed's Decisions
[Washington Post, March 26, 2009]
Auto Task Force Set to Back More Loans -- With Strings
[Wall Street Journal, March 26, 2009]
COLUMN (Edward Fitzpatrick): Let's get some more oversight over the bailout
[Providence Journal, March 26, 2009]
Treasury Concern About Conflicts at BONY Mellon
[Emac's Stock Watch blog, published by FOX Business, March 25, 2009]
US House Passes Legislation To Boost TARP Oversight
[Dow Jones Newswire via Smart Money, March 25, 2009]
Obama's Toxic-Asset Plan: End-Run Around Congress?
[CNBC, March 25, 2009]
Lobbyists awaiting guidance from Treasury Department
[The Hill, March 25, 2009]
After Stress Tests, Big Banks Face Decision On Repaying TARP
[Dow Jones Newswire via CNNMoney.com, March 25, 2009]
COMMENTARY (Robert Reich): Transparency's a must to gain our trust
[Marketplace, March 25, 2009]
Treasury Proposes Legislation for Resolution Authority
[Treasury Department, March 25, 2009]
How Hard the Fed Looked for AIG's Potential Losses
[ProPublica, March 25, 2009]
Cummings Wants IG to Investigate Counterparty Payments
[TPM DC, March 24, 2009]
COLUMN (Robert Scheer): Obama's Toxic Advisers
[Truthdig, March 24, 2009]
COLUMN (Steven M. Davidoff): Short-Term Solutions to Long-Term Problems
[New York Times, March 26, 2009]
U.S. toxic asset plan seen helping big banks
[Reuters, March 25, 2009]
Watchdogs Won't Be Chained
[National Journal via Government Executive, March 25, 2009]
Treasury's Top Candidate to Run TARP Drops Out
[Wall Street Journal, March 25, 2009]
Tapping AIG Furor, Regulators Seek Power to Seize Nonbanks
[Wall Street Journal, March 25, 2009]
Governance concerns over clean-up drive
[Financial Times (subscription req'd), March 25, 2009]
OPINION (Hernando de Soto): Toxic Assets Were Hidden Assets
[Wall Street Journal, March 25, 2009]
Witnesses call for new financial risk regulator
[CongressDaily via Government Executive, March 24, 2009]
10 more banks get TARP money
[Bailout Sleuth, March 24, 2009]
Keeping an Eye on the (Goldman Sachs) Prize
[Project On Government Oversight (POGO) Blog, March 24, 2009]
Treasury Preserves Bank Payday With AIG Rescue Cash
[Bloomberg, March 24, 2009; see also Bloomberg: The Real AIG Bonus Scandal from CJR]
Private Clients Raise Questions About Bailout Contractors
[Bailout Sleuth, March 24, 2009]8
Dissecting Bank Plan for a Way to Profit
[New York Times, March 24, 2009]
OPINION (Nicholas Stern): The world needs an unbiased risk assessor
[Financial Times, March 24, 2009]
Funding deposit insurance
[Financial Times, March 24, 2009]
Shining Light on the Bailout Effort
[Washington Post, March 24, 2009]
U.S. Seeks Expanded Power to Seize Firms
[Washington Post, March 24, 2009]
COLUMN (Andrew Ross Sorkin): If Goldman Returns Aid, Will Others?
[New York Times, March 24, 2009]
Rescue Agencies Now in Scramble
[Wall Street Journal, March 24, 2009]
OPINION (George Soros): One Way to Stop Bear Raids: Credit default swaps need much stricter regulation
[Wall Street Journal, March 24, 2009]
OPINION (James S. Chanos): We Need Honest Accounting: Relax regulatory capital rules if need be, but don't let banks hide the truth
[Wall Street Journal, March 24, 2009]
COLUMN (Eugene Robinson): The Repairman's Burden
[Washington Post, March 24, 2009]
COMMENTARY (Rick Newman): How Secrecy Could Wreck Geithner's Bank-Rescue Plan
[U.S. News and World Report: Flow Chart, March 23, 2009]
US FED: Fed, Treasury Carve Out Space for Fed Monetary Action
[Reuters via Forbes, March 23, 2009; see also the joint statement]
Bailout reserve casualty of deficit war
[Politico, March 23, 2009]
House bonus bill is buried by the Senate
[The Hill, March 23, 2009]
Treasury Details Plan to Buy Risky Assets
[New York Times, March 23, 2009; see also documents from Treasury and the FDIC]
OPINION (Timothy Geithner): My Plan for Bad Bank Assets
[Wall Street Journal, March 23, 2009]
Bailing Out the Rich
[Portfolio, March 23, 2009]
AIG's Rivals Blame Bailout For Tilting Insurance Game
[Wall Street Journal (subscription req'd), March 23, 2009]
As It Starts Programs, Fed Weighs How to Stop Them
[Wall Street Journal, March 23, 2009]
COMMENTARY (Michael Hiltzik): 'Mark to market' rule no asset to banks' health
[Los Angeles Times, March 23, 2009]
Obama fast-tracking financial takeover authority
[The Hill, March 21, 2009]
Ga. lawmakers fuming over distribution of bank bailout funds
[McClatchy Newspapers in Miami Herald, March 20, 2009]
Top Geithner Aide Fought CEO Pay Reform
[Mother Jones, March 20, 2009]
U.S. Officials Urge TARP Recipients to Comply With New Visa Law
[Bloomberg, March 20, 2009]
OPINION (Robert Reich): Obama's Wall Street bailout failure
[Salon.com, March 20, 2009]
Raters See Windfall in Bailout Program
[Wall Street Journal, March 20, 2009]
G20 Urged to Tighten Financial Oversight
[Washington Post, March 20, 2009]
A.I.G. Sues U.S. for Return of $306 Million in Tax Payments
[New York Times, March 19, 2009]
Who is responsible for TARP oversight?
[Talk Radio News Service, March 19, 2009; see also the testimony presented to the House Ways and Means Committee by SIGTARP and GAO]
F.D.I.C. Chief Urges Changes in Financial Oversight
[Associated Press via New York Times, March 19, 2009; see also Senators Debate Fed's Role in Overseeing Systemic Risk from the Wall Street Journal]
AIG's Other Bonuses
[Forbes, March 19, 2009]
Fed closes first round of TALF as Citi prices deal
[MarketWatch, March 19, 2009; see also "TALF raises red flags for U.S. toxic-asset plan"]
Administration Plans to Loan $5B to Auto Parts Manufacturers
[Washington Post, March 19, 2009]
13 Recipients of TARP Funds Owe $220 Million in Back Taxes
[Washington Post, March 19, 2009]
Fed to Buy $1 Trillion in Securities to Aid Economy
[New York Times, March 19, 2009; see also the Fed Release]
Key Argument for Incentives Questioned
[Washington Post, March 19, 2009]
U.S. Considers Broadening TALF Program to Distressed Assets
[Bloomberg, March 19, 2009]
Consumer-Loan Plan Is Off to Slow Start
[Wall Street Journal, March 19, 2009]
SEC Faults Its Handling Of Tips on Short Sales: Too Few Complaints Resolved, Report Says
[Washington Post, March 19, 2009]
EDITORIAL: It's the Regulations, Not the Regulator
[New York Times, March 19, 2009]
G.M. Tries a New Tack to Win Aid
[New York Times, March 19, 2009]
Treasury officials explicitly allowed AIG bonuses
[Los Angeles Times, March 19, 2009; "Communication Issues Exposed" from the Washington Post]
In AIG flap, it's not just about bonuses anymore
[Los Angeles Times, March 19, 2009]
DEALBOOK: Dissecting the A.I.G. Bonus Contract
[New York Times, March 18, 2009; see also, the AIG bonus contract ]
AIG's Bonus Blow-Up: The Essential Q&A
[ProPublica, March 18, 2009]
CREW Files Treasury Dept. FOIA over AIG's Use of Bailout Money for Executive Bonuses
[Citizens for Ethics and Responsibility in Washington (CREW), March 18, 2009]
Hedge Funds May Get AIG Cash
[Wall Street Journal (subscription req'd), March 18, 2009]
Regulator Weakness Cited in Report
[Wall Street Journal, March 18, 2009; see also the GAO report]
White House Calls Bonuses a Late Surprise
[Washington Post, March 18, 2009]
Some Insurers Push for Optional Federal Charter
[Wall Street Journal, March 18, 2009]
Treasury Awards Two New Legal Services Contracts
[Bailout Sleuth, March 17, 2009]
AIG disclosures fuel calls for more transparency
[Associated Press, March 17, 2009; see also POGO's commentary]
Treasury provides $1.46 billion to 19 banks
[Associated Press, March 17, 2009; see also Treasury's latest transaction report]
A Fair Value Antidote Is Rushed by FASB
[CFO, March 17, 2009; see also FSP FAS 157-e and FSP FAS 115-a, FAS 124-a, and EITF 99-20-b]
OPINION (Henry Paulson) Reform the architecture of regulation
[Financial Times, March 17, 2009]
AIG, Maiden Lane Will Pay $62 Billion to Settle Derivatives
[Wall Street Journal (subscription req'd), March 17, 2009; see also "Protesting the Wrong AIG Giveaway"]
COMMENTARY (Eliot Spitzer): The Real AIG Scandal
[Slate, March 17, 2009]
Adding Up A.I.G.'s Backdoor Bailouts
[New York Times: DealBook, March 17, 2009]
Buffett Is Unusually Silent on Rating Agencies
[New York Times, March 17, 2009]
Wall Street Pursues Pay Loopholes
[Wall Street Journal, March 17, 2009]
Political Heat Sears AIG
[Wall Street Journal, March 17, 2009]
EDITORIAL: The Real AIG Outrage
[Wall Street Journal, March 17, 2009; see also The Gift That Keeps on Giving from the New York Times]
Small-Business Lending Gets a Boost
[Washington Post, March 17, 2009; see also the Treasury announcement]
Bonuses overshadow foreign bank payments
[Financial Times, March 16, 2009]
COMMENTARY (Felix Salmon): AIG's Not Very Transparent List of Counterparties
[Portfolio.com: Market Movers, March 16, 2009]
EDITORIAL Let the sunlight in
[Financial Times, March 16, 2009]
Another $8 Billion Or So on the Line for AIG
[ProPublica, March 16, 2009]
Treasury Report Says TARP Bank Loans Fell in January
[Bloomberg, March 16, 2009; see also the Treasury announcement]
COMMENTARY (ED KOCH): Absolute Transparency a Must for Bailout
[Newsmax, March 16, 2009]
In outline, bank rescue plan calls for public-private partnership
[Los Angeles Times, March 16, 2009]
Obama to Avoid Auto Bankruptcies
[Wall Street Journal, March 17, 2009]
SEC Approves Exemptions Allowing Chicago Mercantile Exchange to Operate as Central Counterparty for Credit Default Swaps
[Securities and Exchange Commission, March 13, 2009]
U.S. to Toughen Finance Rules
[Wall Street Journal, March 16, 2009]
A.I.G. Reveals Biggest Beneficiaries of Its Rescue
[New York Times: Deal Book, March 15, 2009; see also the New York Times editorial Following the A.I.G. Money]
Lawmakers take aim at AIG
[Politico, March 15, 2009; see also the Washington Post article that broke the story of the AIG bonuses ]
Devil's in the (lack of) details at G20 gathering
[Toronto Globe and Mail, March 15, 2009; see also the communique and progress report ]
Small Business Loans Criticized: GAO Cites Lack of Oversight in Program Obama Plans to Utilize
[Wall Street Journal March 16, 2009; see also the GAO report]
Ben Bernanke's Greatest Challenge
[60 Minutes, March 15, 2009]
Economy Not 'Out Of The Woods' Despite Market Upturn, Summers Says
[ABC News, March 15, 2009]
Behold the Bank of New York Mellon contract
[Bailout Sleuth, March 14, 2009]
Hedge Funds Making Way For Government Regulation
[Washington Post, March 14, 2009]
TALF Is Reworked After Investors Balk
[Wall Street Journal, March 14, 2009]
Hedge-Fund Regulation Splits G-20 as Conference Begins
[Wall Street Journal (subscription req'd), March 14, 2009]
Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books
[Huffington Post, March 13, 2009]
Congresswoman Lashes Out at Critics of a Bank Meeting
[New York Times, March 13, 2009; see also Letters Bolster Waters' Claim On Bank Conflict from TPM Muckraker]
Treasury's TARP Office Needs Lawyers
[The Blog of Legal Times, March 13, 2009]
Hedge Funds' TALF Tack Is One of Interest, Caution
[Wall Street Journal (subscription req'd), March 13, 2009]
Fed Program to Spur Consumer Loans May Start With Few Deals
[Bloomberg, March 13, 2009]
Regulators Draw Fire in Congress
[Wall Street Journal, March 13, 2009]
COLUMN (Floyd Norris): Bankers Say Rules Are the Problem
[New York Times, March 12, 2009]
Looking under the TARP
[Sunlight Foundation Blog, March 12, 2009]
Did Revolving Door Lead to AIG Bailout?
[Project On Government Oversight (POGO) Blog, March 12, 2009]
House Panel Votes to Give Bailout Watchdog Broader Authority
[CQ Politics, March 12, 2009]
US Senate Lawmakers Demand Info On AIG Bailout Beneficiaries
[Dow Jones via CNNMoney.com, March 12, 2009]
Waters Asked Twice for Treasury to Give Bank Bailout Bucks
[ProPublica, March 12, 2009]
Congress Probing Merrill For Obstructing Bonus Investigation
[TPM Muckracker, March 12, 2009]
Senator Takes Issue With Banks 'Too Big to Fail'
[DealBook blog, published by the New York Times, March 12, 2009]
Sun Bancorp to return TARP funds, CEO says program 'politicized'
[Philadelphia Business Journal, March 12, 2009]
Fed help amounts to welfare for bankers: report
[Reuters, March 12, 2009]
COLUMN (David Wessel): Preventing the Next Fire While This One Blazes
[Wall Street Journal, March 12, 2009]
The Next Big Bailout Decision: Insurers
[Wall Street Journal (subscription req'd), March 12, 2009]
SEC Calls For More Funds To Avert Cuts In Operations
[Washington Post, March 12, 2009]
Obama Wants Global Financial Plan
[New York Times, March 12, 2009; see also Geithner's statement]
EDITORIAL: Still not enough bailout transparency
[Burlington Free Press, March 11, 2009]