Jan 4, 2013 ... There were lies told in the first moments of their inception, and others still being  told four years later. The lies, in fact, were the most important mechanisms of the  bailout. The only reason investors haven't run screaming from an obviously  corrupt financial marketplace is because the government has gone to ...
Sep 28, 2012 ... The financial crisis of 2008 spawned some new terminology -- "too big to fail" and  the Troubled Asset Relief Program. TARP, as it's more commonly known, is the  $700 billion in government money set up to rescue banks such as Goldman  Sachs, Citigroup, Bank of America, and a host of other financial ...
The Troubled Asset Relief Program (TARP) is a program of the United States  government to purchase toxic assets and equity from financial institutions to  strengthen its financial sector that was signed into law by President George W.  Bush on October 3, 2008. It was a component of the government's measures in  2008 to ...
Oct 25, 2012 ... On the campaign trail, President Barack Obama has spoken much more of the  bailouts for auto companies than their bank brethren. But, far from Detroit, the ... " We got back every dime used to rescue the banks," he told the crowd gathered  Oct. 18 in Victory Park. "We made that happen." As of this month, ...
Aug 1, 2012 ... The biggest banks that received billions from the government's taxpayer-funded  bailout of the financial system—J.P. Morgan Chase, Bank of America—have long  since bought back the preferred shares they sold to the Treasury Department in  late 2008 and early 2009. Add in dividend payments and the ...
In the first round of repayments from financial institutions that received TARP money, "the government has actually turned a profit."