TARP, COP, PPIP - 5 News Clips

April 22nd, 2009 · No Comments

 Bill-Coppedge27sep08-1   original content selection by MortgageNewsClips.com


Goldman wanting out of TARP will start some good chain reactions - The Goldman Exit - Bob Eisenbeis - Cumberland Advisors


Doomed? TARP unintended consequences - Pay Limits May Apply To Toxic-Asset Relief Program, Report Says - By Amit R. Paley - … Treasury Department lawyers have determined that firms participating in a $1 trillion program to relieve banks of toxic assets could be subject to limits on executive compensation, contradicting the Obama administration’s previous public position, according to a report to be released today by a federal watchdog agency…. - Washington Post - so if no hedge funds buy in, it is doomed.  BC



Morgan Stanley’s Kelleher Says Bank to ‘Consider’ Repaying TARP - Christine Harper - … Morgan Stanley had a Tier 1 ratio of 16.4 percent at the end of March, or 12.9 percent if the bank repaid the $10 billion it received last year under the Troubled Asset Relief Program. That’s higher than JPMorgan Chase & Co.’s 9.2 percent ratio excluding TARP funds.v … - Bloomberg



Congressional Oversight Panel (COP) - Elizabeth Warren’s Holy Crusade - Thomas F. Cooley -  The chair of a congressional oversight committee wages war on bank - Elizabeth Warren is the … chair of (COP) charged by Congress with evaluating how effectively the TARP money is being used. … The COP, however, apparently decided that its mission was too narrowly defined. It didn’t need to do more evaluation of what the Treasury was doing with the TARP funds. Instead, it should hold forth on how financial crises at large should be addressed. … Clearly, this is Elizabeth Warren’s particular crusade against the banks, since a majority of panel members dissented from the direction the report took and two refused to sign off on it at all. ... -  Forbes



PPIP:  Treasury asset plan vulnerable to abuse: watchdog  - … Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP), said in a report that subsidies for public-private investment partnerships (PPIP) to buy assets could expose taxpayers to higher losses without corresponding increases in the potential for profit. ... - Reuters

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