CIT Bankruptcy Shows that It is Time to End TARP
Sunday, CIT Group, with $71 billion in assets one of the largest small business lenders in the country and the recipient last December of $2.3… Read More
Sunday, CIT Group, with $71 billion in assets one of the largest small business lenders in the country and the recipient last December of $2.3… Read More
The Wall Street Journal reports: GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third… Read More
Yesterday the United States Department of the Treasury Special Master of Compensation Kenneth Feinberg announced a wage control scheme for the 175 executives of the… Read More
At Marginal Revolution George Mason University economics professor Alex Tabarrok comments on Obama administration’s pay czar Kenneth Feinberg’s decision to cut bailed out firm executive… Read More
This afternoon President Barack Obama announced that his administration would shift TARP’s $700 billion bailout fund away from big financial institutions and toward small businesses… Read More
One year and a week after Congress enacted legislation creating the $700 billion “Troubled Asset Relief Program,” the Treasury Department next week is expected to… Read More
Remember the auto bailout? It’s not in the front pages anymore, but last week the Congressional Oversight Panel — a body created by statute to… Read More
The Obama administration’s bailout of General Motors and Chrysler has already reached a staggering $110 billion. But even that is not enough money to undue… Read More
As part of his on-going effort to reduce carbon emissions – or perhaps in an effort to charm a conservative-leaning audience that’s skeptical of his… Read More
The American taxpayer owned General Motors recently announced that its 2011 Chevrolet Volt will get 230 miles per gallon. While the Obama administration has repeatedly… Read More
