Citigroup announced it is paying back federal TARP funds, joining the likes of Bank of America, Goldman Sachs and JP Morgan. Why are they in such a hurry?
President Obama and Treasury Secretary Timothy Geithner appeared to contradict each other this week on whether the TARP program would be extended. The mixed signals reflect the political unpopularity of the bank bailouts.
As banks pay back TARP funds, President Obama and Democrats consider putting that money toward job creation. Conservatives say that will just add to the deficit.
The actions of the Federal Reserve and other policymakers have helped 'pull the economy back from the brink,' according to the Bernanke speech. One sign: The cost of last year’s bailouts is coming in lower than some forecasters had predicted.
At confirmation hearings for Fed Chairman Ben Bernanke Thursday, some senators decried bailouts of 'too big to fail' firms. Others said the economy would be in worse shape without the Fed’s actions.
The Supreme Court on Monday takes up this fundamental question in patent law. The answer holds billion-dollar implications for the US economy.
High executive pay and bonuses are unseemly after taxpayer bailouts, many Democrats charge. But GOP lawmakers worry about federal 'pay czar' meddling in the workings of capitalism.
The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.
The move makes for good politics, but is it good business?