Posts Tagged ‘Troubled Asset Relief Program’

TARP profit claim bugs skeptics: The Treasury Department’s bank investments are paying dividends. But saying they have earned $6 billion for taxpayers, as Tim Geithner did, is a stretch.

Tuesday, August 4th, 2009

NEW YORK (Fortune) — The markets are on a roll, but it’s still a tad early for Treasury Secretary Tim Geithner to be counting his bailout winnings.

Geithner said this past weekend that taxpayers have made a small profit on their investments in banks via the Troubled Asset Relief Program. “We’ve already earned about $6 billion for the taxpayer on those investments,” Geithner said Sunday on ABC’s “This Week.”

Bobby Jindal Op-Ed: ‘A trillion here, a trillion there’

Tuesday, July 21st, 2009


In the meantime, I’ve been catching up on the news in Washington. I wish I had not.

Let’s review: the Troubled Asset Relief Program, bailouts for American International Group and others, CEOs of bankrupt businesses that receive billions of tax dollars running off with millions in bonuses, a $ 3.5 trillion budget, a nearly trillion-dollar stimulus that has not stimulated, unemployment continuing to climb, government in the banking business, and of course, the U.S. government now making cars.

We have record deficits, which are unprecedented in recorded world history. We have debt that is even causing our creditors in the Middle East and China to be worried. Oops, I almost forgot the new national energy tax that just passed the House. If it isn’t bad enough that you may have lost your job and been fighting off foreclosure, the government now wants to make sure you, and every other American, pay more in energy costs so former Vice President Al Gore can be happy. This here is a fine pot of gumbo.

Reuters: YRC decides not to apply for federal bailout funds

Sunday, June 14th, 2009


NEW YORK, June 12 (Reuters) – U.S. trucking company YRC Worldwide Inc (YRCW.O) has decided not to apply for money from the U.S. government’s bailout program, but instead will push for federal reform to help cope with pension problems.

YRC, based in Overland Park, Kansas, won’t submit an application with the Treasury Department under the Troubled Asset Relief Program, and instead will focus on long-term pension reform, company representative Suzanne Dawson said on Friday.