Citigroup and Wells Fargo wrestle with the government over how much capital they need to raise in order to exit TARP. WSJ’s Deputy Money & Investing Editor Rick Brooks joins Kelsey Hubbard on the News Hub to discuss why the banks are so anxious to repay their TARP funds.
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Dec. 10 (Bloomberg) — Elizabeth Warren, chairman of the Trouble Asset Relief Fund Congressional Oversight Panel, talks with Bloomberg’s Peter Cook about her concerns over the "implicit guarantee" for banks created by TARP. Warren also discusses the outlook for Treasury Secretary Timothy Ge...
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Dec. 10 (Bloomberg) — US Representative Jeb Hensarling, a Texas Republican, talks with Bloomberg’s Lori Rothman and Peter Cook about Treasury Secretary Timothy Geithner's extension of the $700 billion Troubled Asset Relief Program. Hensarling also discusses his decision to leave the Congre...
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Top stories include: Goldman Sachs cuts cash bonuses for execs. Treasury Secretary Geithner defends TARP extension. AOL CEO Tim Armstrong. And another Tax Tip.
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Dec. 8 (Bloomberg) — Dino Kos, managing director at Portales Partners LLC, talks with Bloomberg’s Betty Liu about plans by US banks to repay funding from the Troubled Asset Relief Program. Kos also discusses the impact of TARP on moral hazard in the financial system and the capitalization ...
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Top stories include:Treasury extends the TARP & Senator Judd Gregg disagrees. Street Critique with Frank McGhee of IBS metals. Tax Tips for Year End stock sales
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at Boston University’s Morin Center for Banking and Financial Law, talks with Bloombergs Mark Crumpton and Lori Rothman about US Treasury Secretary's Timothy Geithner's decision to extend the Troubled Asset Relief Program. Bench, speaking from Boston, also discusses the decision by Goldman Sachs...
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Dec. 7 (Bloomberg) — Jason Goldberg, a senior analyst at Barclays Capital, talks with Bloomberg’s Margaret Brennan about the outlook for bank repayment of Trouble Asset Relief Program funds. ¶ Goldberg says he doesn't expect "a lot" of regional banks exiting TARP in the near-term. (Source:...
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Dec. 9 (Bloomberg) — Treasury Secretary Timothy Geithner says in a letter to congressional leaders that the Obama administration is extending the $700 billion financial-rescue program until next October. Geithner says the US must hold on to the money in case of new financial shocks. The Tro...
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