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The bailout is investing again
By Ryan Sibley Mar 29, 2010 5:06 p.m.The Troubled Asset Relief Program (TARP) has started to grow again, after the Department of Treasury announced in December of last year the bailout would be coming to a close. Earlier this month, the Department of Treasury invested $21 million in small business loans with more investments to come that could total as much as $15 billion.
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Bailout watchdog criticizes home loan program
By Aisha Qidwae Mar 25, 2010 4:33 p.m.A year after the $75 billion program to reduce mortgage payments under the Home Affordable Modification Program (HAMP) went into effect, a recent audit report criticized the outcome of the program as "disappointing." So far, out of the million trial mortgage modifications, under which homeowners can have their mortgage payment reduced for three months, only 168,000 loans have been permanently reduced falling drastically short of the 3 to 4 million initial goal of the Department of Treasury.
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The unbearable opacity of TARP: Government agencies can't tell us who's in charge
By Anupama Narayanswamy Apr 28, 2009 4:32 p.m.The new report to Congress from SIGTARP -- the Special Inspector General for the Troubled Asset Relief Program -- begins by noting that TARP has evolved into "12 separate, but often interrelated, programs involving government and private funds of up to almost $3 trillion" of an "unprecedented scope, scale, and complexity." The report highlighted the possibilities of fraud and conflicts on interest in the bailout process and calls for better disclosure. We continue to find that even some of the most elementary details about the program -- like who is actually managing distribution of the bailout money to financial institutions -- is still shrouded in secrecy.
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Cities seeking a Piece of the Action?
By Bill Allison Feb 26, 2009 1:43 p.m.From the A Piece of the Action? database, here's a list of cities that have hired lobbyists who have reported that the bailout or the stimulus is a specific lobbying issue, complete with links (if any) to project requests on the excellent StimulusWatch.org page for those cities:
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Who's seeking A Piece of the Action?
By Bill Allison Feb 23, 2009 5:48 p.m.The bailout (the Emergency Economic Stabilization Act, the Troubled Asset Relief Program, TARP, etc.) and the stimulus (the American Recovery & Reinvestment Act) are massive pieces of legislation with lots of moving parts. Thus, the more eyeballs on them and what's around them, the better.
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Lobbying for a Piece of the Bailout and Stimulus Action?
By Bill Allison Feb 23, 2009 4:46 p.m.First a word of caution: when the title of a database ends with a question mark (in this case, A Piece of the Action?, approach it with some caution.
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