Page 55 - Bailout Program News Today

2008, the banks are in big trouble. the fed steps in with emergency money. which banks took money and how much did they take? that, we dont know. but we will in the coming days, thanks to a supreme court decision that paves the way for disclosure by the federal reserve. neal berosky is outgoing inspector general from t.a.r.p. the bailout program that provided $700 billion worth of funds to unhads of banks and others. neal joins me now for an exclusive interview. thanks very much for joining us. ...

The next decade. it trims a number of popular programs but doesnt tackle medicare, medicaid or social security. the big three. many republicans say his cuts are not nearly deep enough. we expect to hear from republicans next hour. and the man keeping watch over the government bailout program is, well, bailing out of the job. inspecter general of the troubled asset relief program, neil barofsky says hes resigning effective march 30th. in a letter to the president, he says the t.a.r.p. program i...

Right? bill: two big issues. martha: and personal things in there, too. bill: health care discussions, too. follow that and watch the comments, afterwards. well have a camera park at the white house. -- parked at the white house. a u.s. bank paying back their share of the $700 billion bailout program and then some, the treasury department got $25 million from assets given from the wind trust financial group, the corporation paid back all the bailout money in addition to the assets and the treasu...

No government involvement in this change. they praised both men, both the outgoing ceo and the incoming new ceo, but they say this was a decision solely made by the board of directors and did not require government approval. but again, it comes at a key time, so general motors in the next few days, weeks, months will be a public company again, and theyll have a new ceo, so maybe thats the reason they want to transition -- jon: wait a minute, its already a publicly-owned company. >> well, thats a...

To most americans, theyre saying elizabeth who? shes an oversight person now for the t.a.r.p., the bailout program, but shes in line to be one of the candidates and there you see her for this new consumer protection agency that was set up as part of the new financial reform legislation and the left loves her. the question is she has some dysfunctional relationships with secretary geithner, a lot of people in congress. shes rubbed the wrong way. >> right. chris dodd has said that she might not be...

Responsible. its still incumbent on those on wall street to heed the lessons of this crisis in terms of how they conduct their businesses. >> all right. well explain whats in this law for you in a live report later on this hour. in other money matters, the treasury department is being harshly criticized for its handling of the governments $700 billion troubled asset relief program, or t.a.r.p. neil barofsky, the man policing that money, testified earlier at a senate finance oversight hearing. ...

Thats in a new report from the man in charge of tracking the bailout program. the treasury says it disagrees with the audit and that the closures were necessary for the companys survival and to avoid losing hundreds of thousands of additional jobs. his presidential bid failed. now joe biden will have to pay a $219,000 fine for violating campaign spending rules. the federal election commission says bidens 2008 campaign accepted contributions above the legal limit. abiden spokesman says that the...

The country, were talking about a country going broke and going bankrupt. and the european union cannot allow that. it would affect the entire euro zone, all 16 member nations. in fact, now the ball is actually in the court of the germans. theyll be going to parliament may 7th to approve their part of the bailout program. the idea is that theyre going to come up with 60 -- about $60 billion as the first payment to cover a debt thats due may 19th in greece. but, in fact, what the greeks owe is as...

>> gregg: on the road to recovery. turning to the u.s. economy and jobs, president obama promising to jump start job growth but many of his large scale efforts stalled now in congress. just months before voters head to the polls because senate republican and democratic leaders including the chairman of the budget committee on that taking money from the bailout program and using it for jobs insisting it would add tens of billions of dollars to the national debt. unemployment hovering at 9.7%. is ...

World report." so, rick, my question is $8 billion at stake here, does this ultimately prove that investing and doing these bailouts was a payoff for us? >> i hope this didnt lead future governments to say lets just invest in the banks every time. thats certainly not what we need. the government is making money off the banks for sure. and this was anticipated at the beginning of the whole bailout program and it just was a question of when will the government get its money back. now the governmen...