Government Programs TARP

  • If the US government wants to clean up these balance sheets, then they need to do so quickly and get out of the way by allowing the scrubbed up financial entities to sink or swim on their own.

  • House Republican Leader John Boehner told me last night that the GOP will come up with an alternative economic plan. Will it be a choice, not an echo?

  • Given how things went on the Floor of the House yesterday (not so well for Chairman Barney Frank and his bill to put specific conditions on the remaining TARP money), it is still uncertain what exactly the remaining $350 billion of TARP funds will do to turn the housing market around.

  • As the Senate releases the remaining TARP funds, a new poll shows the majority of us are against it. Where's the disconnect?

  • Andrew Busch

    Like everyone in America yesterday, I watched intently as US Airways Flight 1549 crew and passengers were rescued from the frigid waters of the Hudson River. It is truly a miracle that so many ferries were nearby and all got out with nary a bump or bruise. A similar event took place yesterday in the markets.

  • I noted earlier this week that one of the reasons the market has been drifting lower recently was the Street was in the process of lowering expectations for the second half of 2009 and that's what B of A CEO Ken Lewis essentially did this morning.

  • More TARP money will have to be thrown at banks to avoid a systematic financial breakdown, economic experts said on Squawk Box Thursday. Bank of America, whose once estimated $50 billion acquisition of Merrill Lynch has now dropped to a $19 billion deal, is among the banks that will need more money.

  • It’s no secret that the TARP has come under fire. But we’ve found someone who considers it an abject failure.

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    The Treasury Department has invested $72 million out of the $700 billion in federal bailout funds to help prop up the Independent Bank of Michigan, which traces its roots back 144 years. It is a small chunk of the giant rescue fund being wagered by Washington to encourage banks like Independent to resume lending and jump-start the frozen economy, says the New York Times.

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    The Treasury Department is developing tools to measure whether banks that receive funds from the $700 billion financial industry rescue program are increasing lending.

  • So here's what I learned from angry Nevadans at today's hearing in Las Vegas on whether the TARP funds are helping:

  • Welcome to Las Vegas Sign

    I'm in Las Vegas today where that panel is checking in with the public on whether TARP is having any impact. If you wanted to pick one town to provide feedback on how well the Treasury Department is gambling $330 billion (so far), why not ask Las Vegas?

  • Wednesday, the US budget deficit came out and the monthly budget deficit was slightly better than expected at $164.4 billion for November. The erosion in the fiscal situation is being generated by increases in outlays due to the recession and the US Treasury recording TARP outlays on a cash basis.

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    Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."

  • left/CNBC/Sections/News_And_Analysis/_Blogs/Guest_Blog/__COVER/chandler_marc_100.jpg110010055lefttruehttp://msnbcmedia.msn.comfalse1Pfalsefalsefalsefalse The dollar was continuing to recover from yesterday's slide until details of the Fed's new facilities cut it short.

  • Do you want to know why the stock market was up 396 points today (this on top of Friday's 494 point rally)? Cramer says it's simple.

  • Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped nearly 60 percent, ending just shy of $6 a share. 

  • Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped 60 percent, trading above $6 a share. 

  • Stocks rallied Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup. Shares of Citigroup jumped 60 percent, trading above $6 a share. 

  • U.S. stocks looked set for a positive start to the week Monday as investors welcomed news the government had stepped in to backstop troubled bank Citigroup.