Results tagged “TARP” from Dealbreaker
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Does This Even Qualify As A Negotiation?
Nov 17, 2009, 11:10am
Posted by Jon Shazar
Timothy Geithner honed his spinelessness chops long before he got to the Treasury Dept., according to a new report. Well, not that long before. It came a year ago, when Timmy headed the New York Fed and gave AIG's counterparties...
Government Poised To Bail Itself Out
Nov 12, 2009, 11:47am
Posted by Jon Shazar
The federal government may be the next too-big-to-fail institution to accept federal bailout money. The Obama administration, struggling to keep the federal budget deficit from spiraling out of control, could accept up to $210 billion in TARP funds in a...
CIT Bankruptcy Shows Who's Boss
Nov 02, 2009, 7:02am
Posted by Jon Shazar
Score this one as a loss for the TARP Program: CIT Group, the ancient commercial lender bailed out late last year by the federal government and earlier this year by a group of hedge funds, has gone into bankruptcy protection....
Comp Cop Feinberg Slashing Pay For TARP Junkie Execs
Oct 21, 2009, 2:55pm
Posted by Bess Levin
Finally, it pays to be Kenneth Feinberg's special-needs CEO. You get this insider info before everyone else. The Times reports: Under the plan, which will be announced in the next few days by the Treasury Department, the seven companies that...
Captain Morgan Gives TARP Legislators A Massive Hangover
Jun 26, 2009, 3:40pm
Posted by Greg Michaels
As the TARP legislation was being thrown together and rubber stamped last September, Captain Morgan had a lot more to smile about. Buried in the midst of the tax breaks that were extended last fall was a seemingly innocuous one...
Will Bonuses Really Be That Good At Non-TARP Banks This Year?
Jun 11, 2009, 10:05am
Posted by Greg Michaels
There is little doubt one of the main motivations for paying back the TARP was to allow firms the flexibility to pay their top people commensurate with their pre-crash expectations and avoid further defections. But will the bonus and spending...
Jamie Dimon: It's Party Time
Jun 09, 2009, 12:01pm
Posted by Bess Levin
No jokes at T. Geith's expense, which is disappointing, but give it time....
Almost Time to Play Ball Again
Jun 02, 2009, 10:02am
Posted by Greg Michaels
Can it really be true? Is the Treasury going to free the likes of GS, MS, and JPM from the TARP jail it threw them in during that nefarious meeting last October 13th? You know the one. The meeting without...
JPMorgan Doing Everything They Can To De-TARP
Jun 01, 2009, 4:12pm
Posted by Greg Michaels
The Wall St. Journal is reporting that JPMorgan is planning to raise $5 billion in capital to rid themselves of TARP once and for all. Does the House of Dimon get out from underneath the government's paws or not? Discuss....
Auction Time
May 27, 2009, 4:40pm
Posted by Equity Private
Some nice suggestions from Donald Marron to end the tyranny of the TARP, but we despair that they shall ever come to pass. Treasury should give up on negotiated sales and simply auction the warrants it received through its TARP...
The Unbearable Lightness Of Goldman
May 26, 2009, 5:57pm
Posted by Equity Private
Can you imagine the urgency with which Goldman will now seek to emerge from under the TARP? UBS AG, the Swiss bank which received government assistance, will stick to a policy of paying market wages after being criticized for raising...
Presented Without Comment: Sorry, Arnie
May 21, 2009, 2:22pm
Posted by Equity Private
Treasury Secretary Timothy Geithner said the U.S.'s $700 billion financial rescue package can't be used to aid Lehman Brotherscities and states facing budget crises. The law "does not appear to us to provide a viable way of responding to the...
You'll Get $2510 Billion And Like It
May 14, 2009, 12:13pm
Posted by Equity Private
It should come as no surprise that what we have been pointing out all along- that the larger TARP recipients were strong-armed and the process was amateur hourish- is less than just a speculation anymore. *Duh* Not even to mention...
TARP Funds To Destroy Small Banks Next
May 13, 2009, 9:29am
Posted by Equity Private
The Safecracker is in your little banks, cracking your safes. That is, Tim "The Safecracker" Geithner has apparently greenlighted the stampede of smaller banks that heretofore have unfairly been unable to avail themselves of sufficient government scrutiny and micromanagement. The...
Closing The Loop
Apr 22, 2009, 3:06pm
Posted by Equity Private
Some discussion yesterday (You're Not So Tough After All Safecracker) caused us to wonder who exactly had put the provision that seems to forbid Tim "The Safecracker" Geithner from imposing conditions on the repayment of TARP funds. A series of...
"Nobody Leaves The KGB"
Apr 17, 2009, 10:20am
Posted by Equity Private
"So thank you for the loan, we'll just pay this back now and do away with these compensation requirements..." Cindy had brought a copy of the regulations to ceremonially tear up for the occasion. Thin smiles began to emerge, a...
TARP Fraud Compounded By... Fraud?
Apr 13, 2009, 10:57am
Posted by Equity Private
We are shocked, shocked to learn that book cooking has been going on in here. (Maybe). At least, TARPs "top cop" thinks so. (Maybe). Apparently, he's on the case. (Maybe). The official policing the $700bn Tarp fund says he is...
Being Hank Paulson
Apr 02, 2009, 3:47pm
Posted by Equity Private
In a small way, you have to sort of feel sorry for Hank Paulson. (Hey, we said "in a small way, so just back off, 'kay?) Whatever course he took, once he took money from Congress, he was screwed. Without...
Northern Trust Is Mad As Hell And They Are Not Going To Take It Anymore
Mar 05, 2009, 2:30pm
Posted by Equity Private
Vegas? Verboten. Bonuses? Banned. Falcon? Fatwa'd. Parties? Prohibited. Ritz? Regulated. "Every firm has a breaking point. Yours and mine have. Northern Trust has reached hers. And very obviously, she has gone insane." U.S. Bancorp and Northern Trust Corp. will return...
TARP To Bail Out White Collar Criminals
Feb 24, 2009, 3:58pm
Posted by Equity Private
Fortunately for all you evil doers out there, the various bail out provisions in the works (or already implemented) stand to benefit you too. Times are hard on fraudsters these days. Your Ponzi scheme is in danger of running out...
