Jun 09 Watch Amid Rush to Repay Rescue Funds, Banks Face New Scrutiny Big U.S. banks passed key government "stress tests" and are now working to repay federal rescue funds. Does that mean they're out of the woods and the government rescue plan worked? Financial experts offer insight. Continue watching
Jun 09 Which Banks Are Repaying TARP Funds? By PBS News Hour The U.S. Treasury announced Tuesday that 10 large banks would be permitted to start repaying approximately $68.3 billion in total bailout funds they received from the government in the past nine months. Continue reading
Jun 09 Ten Banks Allowed to Repay $68B in Bailout Funds By Admin, PBS News Hour Ten large U.S. banks have been cleared by the Treasury Department to start repaying $68 billion in bailout money and begin to free themselves from an extraordinary government intervention program that began amid the global financial crisis. Continue reading
May 07 ‘Stress Tests’ Find 10 Big Banks Need $75 Billion By Admin, PBS News Hour The Obama administration's much-anticipated "stress-test" results found that 10 of the nation's 19 biggest banks need a total of about $75 billion in new capital to withstand losses if the recession worsens. Continue reading
Apr 22 Watch TARP Inspector Probes Bailout Fraud, Warns of Program’s Pitfalls Neil Barofsky, the special inspector general assigned to monitor the banking bailout, discusses his office's ongoing investigations into potential fraud in the TARP program and recent warnings on taxpayer risk. Continue watching
Apr 21 Watch TARP Report Warns of Taxpayer Risk in Bank Rescue Plan The Special Inspector General for TARP said Tuesday that the Treasury Department should do more to safeguard taxpayer dollars in the banking rescue plan. Kwame Holman reports. Continue watching
Apr 21 Geithner Signals Confidence in Banks’ Reserves, Bailout Plans By PBS News Hour Treasury Secretary Timothy Geithner faced new questions on the Obama administration's bank rescue on Capitol Hill Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global credit crisis. Continue reading
Feb 10 New Bank Rescue Plan Aimed at Easing Credit By PBS News Hour Treasury Secretary Timothy Geithner announced Tuesday a strategy to overhaul the widely criticized bank bailout fund that is aimed at unclogging credit markets that provide loans to consumers and businesses. Continue reading
Feb 04 Watch Obama Limits Executive Pay for Firms Tied to Bailout President Obama announced Monday new caps on executive pay for those firms receiving federal bailout aid. Analysts examine the new guidelines. Continue watching
Feb 04 Obama’s Remarks on Executive Compensation By PBS News Hour President Barack Obama and Treasury Secretary Timothy Geithner imposed tough rules Wednesday to rein in corporate pay, capping executive compensation at $500,000 a year for companies getting taxpayer funds. Here are the president's prepared remarks:… Continue reading