’)Yesterday, we provided a rundown on eight executives who received golden parachutes from firms that received TARP funds. The piece aired yesterday on public radio’s Marketplace, but you can listen to it here online.
Eye on the Bailout
On Marketplace: Golden Parachutes at Bailout Banks
by Paul Kiel, ProPublica - June 12, 2009 7:54 am EDT
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Links
Latest Bailouts
$514 billion of taxpayer money has been allocated or promised to 834 companies and 13 programs.
| Mar. 10, 2010 |
Navy Federal Credit Union
Incentive Payments for Home Loan Modification |
$60.8 million |
| Mar. 10, 2010 |
Vist Financial Corp
Incentive Payments for Home Loan Modification |
$300 thousand |
| Mar. 5, 2010 |
iServe Servicing, Inc.
Incentive Payments for Home Loan Modification |
$28 million |
| Mar. 3, 2010 |
Urban Trust Bank
Incentive Payments for Home Loan Modification |
$1.1 million |
| Feb. 26, 2010 |
Fannie Mae
Preferred Stock |
$15.3 billion |
| Feb. 19, 2010 |
Money for HFA Innovation Fund |
$1.5 billion |
| Feb. 3, 2010 |
Money for CDFIs |
$780.2 million |
| Jan. 29, 2010 |
iServe Residential Lending, LLC
Incentive Payments for Home Loan Modification |
$960 thousand |
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. We strive to foster change through exposing exploitation of the weak by the strong and the failures of those with power to vindicate the trust placed in them.
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
We’ve been reporting on the Obama administration’s loan modification program, and we want to hear from homeowners who are applying for one. Tell us your story.
- Subsidyscope's Bailout Project
Comprehensive data on the government's financial interventions - Taxpayers for Common Sense
Profiles of banks receiving bailout money - BailoutWatch
Reports, news, resources on the bailout - BankTracker
Analysis of the financial health of the bailed out banks - Bailout Sleuth
Blog closely tracking the bailout - Financial Crisis for Beginners
By the experts at the blog Baseline Scenario - Planet Money
A blog and podcast explaining the financial crisis - The Emergency Economic Stabilization Act
The $700 billion bill - FinancialStability.gov
Treasury's clearinghouse for bailout info - Housing and Economic Recovery Act of 2008
Bill that authorized the bailout of Fannie and Freddie (pdf)
- AIG, Fed Czar Reach Deal on Rest of Bonus Pay to be Returned - Wash. Post
- GMAC Chief Gets $1.2 Million for 45 Days’ Work - Bloomberg
- Ex-NY Fed Head Made a Bundle Off AIG Bailout - The Nation
- Lawmakers Question GMAC Rescue - Washington Post
- Lehman’s Ghost Haunts California - Wall Steet Journal
- Banking Industry Sharply Reduced Lending in 2009 - Washington Post
- BofA’s Lewis Knew of Decision to Keep Mum on Merrill Losses - Wall Steet Journal
- JPMorgan E-mails Offer Peek at Ratings Game - The Street
- Lobbying May Push Rules for Brokers Off Reform Agenda - Bloomberg
- Big Problem for Small Banks: Trust-Preferred Securities - Wall Steet Journal
- Testy Exchange With Goldman Helped Push AIG to Edge - New York Times
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