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Tag Archives: Troubled Asset Relief Program

Some TARP recipients owed millions in taxes

Thirteen companies that received money from the Troubled Asset Relief Program owed more than $220 million in unpaid federal taxes despite telling the Bush administration they owed nothing, Rep. John Lewis of Georgia said. Speaking Thursday at a House Ways ...

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JPMorgan, banks to halt foreclosures for three weeks

Citigroup Inc., JPMorgan Chase & Co., Bank of America Corp., Morgan Stanley and Wells Fargo & Co. agreed to suspend foreclosures while the Obama administration crafts a housing plan to modify mortgages for troubled borrowers. Citigroup will halt foreclosures through ...

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Obama becomes banker-in-chief in credit market freeze

The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress ...

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Treasury demands banks with TARP funds report lending

The U.S. Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government’s $700 billion rescue program. Neel Kashkari, the official who administers the Troubled Asset Relief Program, wrote to ...

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Most Americans ‘get’ TARP, but they just can’t stand it

Barack Obama begins his term as 44th president of the United States with an ambitious agenda in addition to the pressing problems posed by an economic and financial crisis. Before he can get to either, the new president needs to ...

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Obama says recession requires scaling back promises

President-elect Barack Obama said reviving the U.S. economy will require scaling back on his campaign promises and personal sacrifice from all Americans. “I want to be realistic here, not everything that we talked about during the campaign are we going ...

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