Page 14 - Tarp Program News Today

Colleagues on the house ethics committee. one thing i found in here that was quite interesting, she did not want to get involved with one united bank about anything about the new t.a.r.p. program because, "my husband had once served on the board and still held investments there. i felt they should seek assistance from chairman frank." the best person in congress to help this bank was barney frank. well, that conflicts who mr. frank said he tried to not get mrs. waters involved in this because of...

But in a real world sense, they really dont get the importance of working from the bottom up. >> so if you were the president. what would you do? look, i need a new adviser? would you fire larry summers. look, you said i should continue with the t.a.r.p. program. you said well have more jobs. we dont have more jobs. t.a.r.p. doesnt work. youre fired. >> i dont think its necessary to fire them. theyre smart people. whats necessary is to get a different perspective as part of the team. what i woul...

The inspector general of the tarp program, hes the guy who was savage in his criticism of the auto dealership bailout, of the housing bailout, savage. he has no role, no oversight whatsoever in this brand new bank bailout fund. hes been shunted to the side. thee going to hire a whole new bureaucracy of people to oversee this program. get out of the way. no oversight. >> now, in the intro to that, to that segment it was read it will go to banks that might not be able to repay the money. thats tro...

Restore fiscal discipline and restore viability. today all u.s. automakers are operating at a profit. >> michael smerconish is a radio talk show host and an msnbc contributor. i want to get straight to what the columnist in the "detroit free press" said about the fact that chrysler is not only alive but profitable in a weak market after years of losing billions of dollars when car and truck sales were 50% higher, it looks like more than just a successful government intervention, it looks like a ...

Nose saying wait a minute, youre cutting taxes but what happens when we get hit with the massive -- >> neil: thats what happens, steve. the bottom line is, this is easily a bait and switch campaign. >> it is. in fact, the other interesting thing, i dont know if you saw it in the editorial today, but theres another feature in the bill that takes $30 billion of treasury money and uses that to essentially invest in banks. take ownership in small banks. community banks and use that money to lend mon...

Global economy is going to be one of the keys. exports is going to be one of the keys to real growth down the road. jenna: so technology, health care, those are the areas that one should look if the theyve been out of work for a while? >> well, certainly thats one area. now most people, you know, need to think about themselves less in terms of an industry and more in terms of what they did. if you were an accountant working for a bank, it doesnt mean you couldnt go to work for a manufacturing co...

Jon? jon: lets keep talking about money for a moment. financial reform is the law of the land now. business leaders want to see whos going to head the new consumer protection agency. insideners washington say it could be this woman, harvard professor and t.a.r.p. watchdog liz elizabeth warren. is that the name we should expect? james rosen is reading the tea leaves. >> reporter: nobel laureate economist and liberal "new york times" columnist paul krugman said if president obama failed to name el...

Pay czar, a massive executive payouts made at over a dozen financial firms in the peak of the economic crisis. so lets bring in cnbcs senior economic reporter steve liesman. steve, this is embarrassing for wall street today. but other than shining a light on these practices of these extreme bonuses at a time when a lot of wall street firms were getting government assistance, whats going to happen? whats the fallout? >> i dont think anythings going to happen officially, chuck. i think the issue h...

>> i dont know what are talking about. >> sean: inspector general for the tarp program says dealerships, talking about the car bailout were recently appointed key wholesale parts dealers and minority or women owned dealerships? this >> are you saying they gave favor to -- >> sean: exactly. race and gender playing a role in closing car dealerships? >> trying to help small businesses. im wondering if im getting the whole story. >> sean: im giving you the direct quote. >> you do that sometimes and ...

>> i dont know what are talking about. >> sean: inspector general for the tarp program says dealerships, talking about the car bailout were recently appointed key wholesale parts dealers and minority or women owned dealerships? this >> are you saying they gave favor to -- >> sean: exactly. race and gender playing a role in closing car dealerships? >> trying to help small businesses. im wondering if im getting the whole story. >> sean: im giving you the direct quote. >> you do that sometimes and ...