Topic: Congressional Oversight Panel

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TARP bailout cost to taxpayers expected to be lower, according to Geithner

TARP final cost to US taxpayers is expected to be lower than earlier projections, according to Treasury Secretary Timothy Geithner. Bailed-out companies, such as AIG and GM, have already begun to pay back TARP funds.
Could faulty mortgage paperwork lead to a new financial crisis?

Concerns are rising that faulty mortgage paperwork may spawn a boom in lawsuits against big banks. For now, a second financial crisis seems unlikely – but not impossible.
Elizabeth Warren: Obama picks aggressive consumer adviser

Elizabeth Warren understands 'every American has to get a fair shake in their financial dealings,' Obama says.
Elizabeth Warren, Wall Street critic, to head new consumer protection bureau

Elizabeth Warren is tipped to be appointed by President Obama to set up a new consumer finance protection agency dealing with mortgages, credit cards and other financial products. But the choice of Elizabeth Warren, a Harvard professor, is controversial.
AIG repaying $4 billion in taxpayer aid

AIG said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale. AIG will use more than $3.9 billion of the proceeds to repay the Federal Reserve Bank of New York.
Is Obama a socialist? What does the evidence say?

Some critics cite government 'takeover' of business and 'giveaways' to the poor as signs that President Obama is a socialist. Members of the Socialist Party are among those who disagree.
Bringing morality to Wall Street

Groups push not only for stronger regulation of Wall Street banks, but a greater emphasis on ethical business practices.
Predictions 2010: Six ideas that will shape the world

A decade into the new millennium, here are six trends to watch – from Africa's possible emergence as the next breadbasket, to Russia’s strange leadership hunt, to the evangelical boom in Latin American pews.
Will House-passed financial reform bill leave big risks?

The financial reform bill passed Friday in the House spans many markets and regulatory activities. But some experts warn that the economy could remain exposed to bubbles, busts, and firms "too big to fail."
What's behind mixed signals from Obama and Geithner on TARP?

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.
Despite TARP billions, bank prospects are iffy, panel finds

There's been progress, but 'toxic assets' remain on the books of many small banks, which have been failing at a rising rate.
Doubts about Geithner persist

Lagging poll numbers for the Treasury secretary reflect continuing anger over bank bailouts.
Geithner talks tough against Wall Street

Appearing before the Congressional Oversight Panel, Secretary of the Treasury Timothy Geithner faced populist anger over bailout terms.
Bailout tab: $3 trillion so far

Almost all of the TARP cash is spoken for, and some Senators and oversight officials complained of being left in the dark about its use at a hearing on Tuesday.