On Oct. 3, 2008, the Troubled Asset Relief Program (TARP) was signed into law. At $700 billion, this bank bailout was unprecedented. Perhaps more striking at the time, however, was the complete lack ...
Two senior administration officials tell Fox the White House is considering breaking down walls separating TARP funds from non-financial rescue purposes (it's already done so with the auto industry) ...
WASHINGTON — When the Troubled Asset Relief Program got off the ground at the height of the financial crisis, small banks were an afterthought. At the last minute, Congress even had to insert language ...
The Troubled Assets Relief Program (TARP) places more burdens on small banks than on big ones, exacerbating the difference between financial institutions that are too big to fail and the rest, ...
The bill, authored by Rep. Erik Paulsen, R-Minn., requires the Special Inspector General for the Troubled Asset Relief Program to examine the availability of funds to smaller financial institutions ...
When Congress created the Small Business Lending Fund (“SBLF”) as part of the Small Business Jobs Act of 2010, the goal was to encourage community banks to increase small business lending. But a ...
As American small businesses continue digging out of the Great Recession, they may find their access to cash blocked in yet another way–community banks that have taken Troubled Asset Relief Program, ...
Treasury Secretary Tim Geithner announced a plan to provide small, community banks with additional TARP funds, using the proceeds from bigger banks that are tying their brains in knots trying to repay ...
In an effort to turn around high unemployment, reports indicate that the Obama administration will use money from the TARP government bailout program to support small businesses. Under one plan, a new ...
The Treasury Department will ask Congress for legislation to relax rules governing the Troubled Asset Relief Program, or TARP, to help small business get loans from smaller banks, CNBC has learned.
Seems smaller banks that took TARP money aren't feeling so flush: The Treasury Department's bailout program was designed with Wall Street megabanks in mind, according to a new watchdog report. The ...
The Treasury Department's Troubled Asset Relief Program (TARP) was back in the news on Wednesday. The program's inspector general is warning that smaller banks are having a hard time paying back money ...