troubled assets relief program

It’s no mystery that Treasury Secretary Tim Geithner is the ultimate Wall Street insider. But it seems that more and more Democrats are losing their patience with what they perceive as his protectionism of the finance industry at the expense of consumers and taxpayers. The latest to weigh in is Sen. Maria Cantwell (D-Wash.), who [...]

With Treasury Secretary Tim Geithner by his side, President Barack Obama just announced the highly anticipated new executive pay limits for companies receiving taxpayer help under the $700 billion Troubled Assets Relief Program.
“In order to restore our financial system, we’ve got to restore trust,” Obama said. “And in order to restore trust, we’ve got to [...]

A trusting Congress might be setting itself up to be burned again.

Regarding our earlier challenge to name the big government effort now underway to save the financial markets, Treasury Sec. Henry Paulson Jr. has come up with a tagline for the Wall Street bailout of all bailouts – the Troubled Assets Relief Program.
As Calculated Risk noted, the tarp hides all sins.