Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency warned on Wednesday.
In its latest critique of the Treasury Department’s handling of the Troubled Asset Relief Program, or TARP, the Congressional Oversight Panel said smaller banks [...]
Posts Tagged ‘us government’
Bailed-out small US banks face takeover risk -panel
July 14th, 2010 by Financial Writer
Tags: banks, commercial real estate, economic, financial crisis, real estate investment, taxpayers, us, us economic, us government, us treasury, wall street
more...China trims holdings of Treasury securities
March 15th, 2010 by Financial Writer
China retained its spot as the biggest foreign holder of U.S. Treasury debt in January even as it trimmed its holdings for a third straight month. The string of declines underscored worries that the U.S. government could face much higher interest rates to finance soaring budget deficits.
The Treasury Department said Monday that China’s holdings dipped [...]
Tags: China, chinese holdings, Debt, economic recovery, us government, us interest rates
US economic rescue failing to meet key goals:auditor
January 31st, 2010 by Financial Writer
The 700-billion-dollar US government effort to rescue the financial system has failed to meet key goals such as sparking lending and curbing risky activities by banks, a special auditor said Sunday.
The special inspector general for the Troubled Asset Relief Program said in a report to Congress that it is too soon to measure the overall [...]
Tags: auditor, banks, financial crisis, financial system, lending, us businesses, us economic, us government