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Treasury Department
Latest Headlines
Latest Headlines
Corzine's reach in politics was long
When Jon Corzine was hired to head MF Global, he was greeted like a rock star. The board was ecstatic to get a former Goldman Sachs CEO and political power, albeit one who had just lost a New Jersey
Fed reveals details of bailout funds recipients
At the height of the crisis, the Federal Reserve provided trillions of dollars to a variety of banks and companies to stave off a financial meltdown that would have ushered in an even worse economic
TARP a huge success?
The Troubled Asset Relief Program (TARP) has been reviled by many; the public at large continues to see it as a bailout for fat cats that was anything but necessary to stop the spread of financial
AIG, Treasury agree to exit plan
AIG ( NYSE: AIG ) and the Treasury Department have agreed to a plan to convert $49.1 billion in AIG preferred shares into a whopping 1.66 billion shares of AIG common stock, which the Treasury will
Fannie and Freddie defy solutions?
"It is not tenable to leave in place the system we have today." So said Timothy Geithner at the much-ballyhooed conference hosted by the Treasury Department. But at the same time, there is no
The future of Fannie Mae, Freddie Mac to be decided Aug. 17?
The most glaring omission from the Dodd-Frank financial reform act is without a doubt the lack of a plan for Fannie Mae and Freddie Mac. The government-sponsored enterprises remain encumbered with
Treasury cashes in on Bank of America warrants
The Treasury Department ( Treasury news) auctioned off 272.17 million Bank of America ( BAC Bank of America news) warrants, raising more than $1.5 billion. This is certainly good news for Treasury,
Bank of America warrants to be auctioned
The Treasury Department will auction off 272.2 million warrants in Bank of America ( BAC ) on Wed. Previous TARP-related auctions proved to be lucrative for those willing to bet on JPMorgan Chase ( JPM )
United States reaps profits from sale of warrants
It was widely known that Goldman Sachs ( GS ) bought back the warrants it issued the government as part of the bailout at a profit. But it was unclear just how profitable the deal was for the
Government backs off Citi share offering
Recall that as part of the plan for Citigroup ( C ) to cut its ties to the government, the Treasury Department was going to piggy-back the initial secondary offering. It hoped to sell perhaps $5
