The TARP’s days of bailing out big banks will soon be over, the administration announced last month. But the TARP lives on and … more…
CIT filed for bankruptcy protection on Sunday, and part of its plan to heal itself is wiping out the taxpayers’ $2.33 billion … more…
Since its March launch, the government’s $50 billion program to prevent foreclosures has been marked by confusion, delays and … more…
The government has doled out billions to 687 banks over the past year through a program meant to bolster already “healthy” banks. … more…
Every month, the Treasury Department gives an update on its $50 billion mortgage modification program. We’ve posted the latest … more…
Putting a dollar amount on the financial rescue isn’t an easy task, as we’ve noted before. Those looking for an answer can find … more…
Qualified homeowners are being routinely denied loan modifications through the Obama administration’s Making Home Affordable plan, … more…
This Saturday, the $700 billion TARP will be a year old. What better way to celebrate than with our monthly update on the … more…
Five months into the government’s $75 billion loan modification program, less than 12 percent of eligible homeowners have seen … more…
Among the crowd of government agencies that have rushed to aid the economy, the Federal Housing Administration often gets … more…
Starting with this post, we’ll be updating you every month on the status of the taxpayer-funded bailouts we track in our … more…
The government’s foreclosure prevention plan is premised on the idea that the best way to prevent foreclosures is to work with … more…
In general, when it comes to the Federal Reserve’s activities, we know what the Fed wants us to know. As a quasi-governmental, … more…
“Systemic abuse.” “Extraordinary incompetence.” “Reckless.” In a growing body of legal cases, judges and the Justice Department … more…
Yep, you read that right. $0 billion. Late Friday, Freddie Mac reported a gain of $768 million, its first profit in two years. As … more…
Three more banks failed Friday, bringing the total for the year to 72. Two of the casualties were in Florida, and the third was in … more…
Taxpayers will fork over $10.7 billion more to Fannie Mae, bringing the company’s total bailout to $44.9 billion.
Fannie’s twin … more…
This story was co-produced with Marketplace.
Seventy-year-old Barbara Harris can’t help crying when she walks around her … more…
The mortgage companies that the administration is relying on to help stop foreclosures have records of preying on homeowners, … more…
You might call GMAC the Zelig of the bailout: It pops up among the banks, the auto companies and the mortgage servicers. That’s … more…
March 12, 2010
AIG, Fed Czar Reach Deal on Rest of Bonus Pay to be Returned Brady Dennis and Tomoeh Murakami Tse, Wash. Post, March 12, 2010
March 03, 2010
GMAC Chief Gets $1.2 Million for 45 Days’ Work Bloomberg, March 03, 2010
February 26, 2010
Ex-NY Fed Head Made a Bundle Off AIG Bailout Greg Kaufmann, The Nation, February 26, 2010
Lawmakers Question GMAC Rescue Binyamin Appelbaum, Washington Post, February 26, 2010
February 24, 2010
Lehman’s Ghost Haunts California John Carreyrou, Wall Steet Journal ($), February 24, 2010
Banking Industry Sharply Reduced Lending in 2009 Binyamin Appelbaum, Washington Post, February 24, 2010