Page 12 - Tarp Program News Today

Make the tax relief permanent. >> did he say he wanted to not only run it the way he has been running it but put it on steroids forever like always stay with that plan? that was in early 2008. then we started shedding these jobs and the company was really in trouble and then all of a sudden they had to make some decisions. then john boehner shows up, minority leader in the house, and says dog gone it what do you say we spend some money? what do you say we do the t.a.r.p. program? heres what he h...

Job. he joins me now. there are not many people in government or the private sector who come out looking good from the whole financial mess. youre one of them. you are the sigtarp, the inspector general for the t.a.r.p. program and not only gotten criminal convictions and recovered money for the public but t.a.r.p. reviled as it is actually worked in one way. tell me if im wrong. two purpose, one to stabilize the banking system and it did by giving them loads of money, the second where it failed...

Numbers. what can you tell us? >> yesterday, it was all about bad news when i spoke with you. today, there is some pretty good news out there. adp numbers came in. this is a good gauge on trying to see whats going to happen on friday. adp showed an increase of 201,000 in the private sector, a strong number, in line with what the market was expecting. it has been looking like it will open higher today, the dow by about 58 points or so when 20 minutes time pm this is being received as decent news....

19 of the 20 cities tracked, they are barely above reinvestigation from the 06 peak and this dire report comes the same day the house will consider ending the presidents troubled homeowner assistance program which has helped the banks space out the foreclosures but has helped very few homeowners. in fact it has been widely criticized for failing to help keep the millions in their homes it was supposed to, simply help smooth out the earnings for the banks who could roll out the foreclosures over ...

Starting, i think, just next week or two against lee fargus, the chairman of taylor bean and whitaker. thats a multi billion dollar accounting fraud that is mortgages and mortgage-backed securities. theres been a number of guilty pleas in that case already. our jurisdiction is really only those related to the t.a.r.p. and the t.a.r.p. program, and that program we have jurisdiction because they tried to get more than $550 million from t.a.r.p., which we were able to stop dead in its tracks and sa...

T.a.r.p. money was repaid. by your accounting, is it all going to be repaid? >> current projections are theres going to be somewhere between a $25 billion to $50 billion loss financially on the t.a.r.p. program. which is far less than was anticipated a couple of years ago. but still, a significant amount of else that really concerns us today, and that is the continued issue of foreclosures and short sales. youve criticized the federal modification program for mortgages. the money used to keep am...

Did not consult with them. >> good point. >> not a bad take. >> welcome back to "fox and friends" and thank you for waking up on saturday morning, and heather is here with us this morning. >>dave: and i am no math major but this does not seem to add up. demade $14 billion last year, $5 billion right here in the united states, how much did they pay in taxes, folks? how much? how much? hundreds of millions, right? nothing. in fact, they got money back from the government, a whole budge of it, $3 b...

Welcome back. the congressional panelling charged with overseeing the t.a.r.p. program on track to dissolve next month and while the panel is disbanding doesnt mean the state of our financial or economic system is any less dangerous than before. >> you cant bail out too big to fail banks umaets wioudiorng tse rkets. the question we must ask is did the treasury do everything to rein in those problems? the answer, unfortunately, is no. >> and the panels final report on the t.a.r.p. highlights the ...

>> good news, the united states treasury reported out that loans to banks under the tarp program have been paid back. that is the headline but not the case. >> brian: here to break it down in his own special way as in follow your money. judge napolitano. hes senior and host freedom watch. you are not paying for >> no one should fall for it. heres what happened. president bush and secretary paulson wanted to stop the mortgage and buy toxic mortgage asset and congress gave 700 billion. it borrowed...

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...