Complete coverage on

Troubled Assets Relief Program

Chances are that most of you reading this are opposed to at least some of the following federal laws and policies: the Troubled Assets Relief Program, the auto bailout, the serial raising of the debt ceiling, the Iraq War, the Patriot Act, marijuana prohibition, systematic increases in the Department of Education budget, Medicare Part D, sugar subsidies, obstacles to gay marriage, the nationalization of the mortgage industry and the infuriating performance (or even existence) of the Transportation Security Administration.

Latest Stories

CNNMoney: CEOs paid well at bailed-out banks - watchdogupdated: Tue Jan 24 2012 14:59:00

When Congress bailed out big banks, it also limited the pay of CEOs at those banks -- one of the main reasons why banks wanted out of the bailout program.

CNNMoney: Small banks still stuck in federal bailoutupdated: Thu Oct 27 2011 07:17:00

Hundreds of struggling small community banks could be stuck in the federal government's much-maligned bank bailout program, a watchdog agency warned in a report released Thursday.

CNN Truth Squad: Perry's Texas two-step on TARP updated: Wed Oct 19 2011 03:18:00

There may be no more foul four-letter word in the Republican presidential race than TARP, the Troubled Asset Relief Program passed in 2008 to bail out the tottering U.S. financial system. And former Pennsylvania Sen. Rick Santorum, who runs far at the back of the GOP pack in most polls, dropped it on the front-runners in Tuesday night's CNN debate in Las Vegas.

CNNMoney: Did big banks leave TARP too soon?updated: Fri Sep 30 2011 05:35:00

Regulators were under pressure to cut the biggest banks loose from the Wall Street bailout program, a federal watchdog said in a report issued Friday.

CNNMoney: Still $100 billion to go for TARPupdated: Wed May 25 2011 16:23:00

It's been a pretty good week for the Treasury Department's bailout program.

CNNMoney: Bank bailout turns a profitupdated: Wed Mar 30 2011 16:13:00

Don't look now, but the bank bailout is starting to turn a profit.

CNNMoney: TARP Inspector General resignsupdated: Mon Feb 14 2011 14:23:00

Neil Barofsky, the special inspector general of the Troubled Asset Relief Program, informed President Obama on Monday that he is resigning from his position, effective March 30.

CNNMoney: TARP watchdog blasts Obama's foreclosure programupdated: Tue Jan 25 2011 20:03:00

The Obama Administration's main foreclosure-prevention program continues to fall short, and last year's Wall Street reform act does not adequately address the threat that big financial firms pose to the broader economy, the top federal bailout watchdog said Tuesday.

CNNMoney: TARP cost will be a 'fraction' of original price tagupdated: Thu Dec 16 2010 12:22:00

Treasury Secretary Tim Geithner outlined the benefits of the government's bailout of the financial system Thursday, saying that the overall cost will be a "fraction" of the original estimate.

CNNMoney: TARP cost estimate cut to $25 billion, says CBOupdated: Tue Nov 30 2010 16:38:00

Two years after the $700 billion Troubled Asset Relief Program was launched, the Congressional Budget Office now estimates the government's economic rescue package will cost taxpayers $25 billion.

CNNMoney: First TARP scammer convictedupdated: Fri Oct 08 2010 18:28:00

Government prosecutors got their first conviction of a person accused of defrauding the Troubled Asset Relief Fund Friday.

Wall Street bailout a heroic moveupdated: Fri Sep 17 2010 07:43:00

Most Americans oppose it, but the government's bailout of Wall Street appears in hindsight as a heroic rescue that kept the world economy from collapsing, says analyst Fareed Zakaria.

CNNMoney: The bankers who said 'hell no' to bailoutsupdated: Thu Sep 16 2010 07:41:00

Two years after the collapse of Lehman Brothers, it seems safe to say that there is still a lot of resentment toward the financial sector.

CNNMoney: TARP failed Main Street banksupdated: Wed Jul 14 2010 03:58:00

While bailed-out Wall Street is back on its feet and making profits, Main Street banks have gotten little to no boost from taxpayer bailouts, a watchdog panel said Wednesday.

CNNMoney: Geithner defends TARPupdated: Tue Jun 22 2010 12:31:00

Treasury Secretary Tim Geithner defended the government's bailout of the financial system on Tuesday, saying it has been a "critical" part of the economic recovery and will ultimately cost less than expected.

Fortune: TARP's tiniest failures add upupdated: Fri May 28 2010 15:26:00

It might seem that the banking sector's bailout saga is nearing its close, leaving room to focus on other catastrophes like the European debt crisis or the Gulf oil spill, but some small banks across the country that benefited from TARP are still struggling to stay afloat, and many more will likely fail.

Fortune: Speed saves: How to instantly stop the next banking crisisupdated: Wed May 26 2010 13:10:00

During the next banking crisis, we will need speed. Remember how floundering financial firms, like Lehman Brothers, AIG, and Fannie Mae, contributed to fear and uncertainty - creating problems for their customers, counterparties, and the markets? Many commercial and investment banks panicked, stopped extending credit, and greatly damaged our economy and financial system.

Fortune: Tea Party protestors take aim at Fannie and Freddieupdated: Thu May 13 2010 14:44:00

A message to all of you angry taxpayers this election season with your cross-hairs trained on the likes of Goldman Sachs and JP Morgan Chase: Did you notice that Fannie Mae just trundled up to the government bailout window for another $8.4 billion, days after Freddie Mac pulled down another $10.6 billion in taxpayer funds?

CNNMoney: Big banks slashed small business credit linesupdated: Thu May 13 2010 10:21:00

The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday.

CNNMoney: Geithner: Banks should bear bailout burdenupdated: Tue May 04 2010 12:30:00

Treasury Secretary Tim Geithner told lawmakers Tuesday that a proposed bank fee could help stabilize the financial system and recoup bailout costs by targeting banks that engage in more risky behavior.

CNNMoney: TARP watchdog: Main Street still not out of the woodsupdated: Tue Apr 20 2010 03:44:00

Though the government's $700 billion Wall Street bailout package will be less of a financial burden than initially expected, plenty of big challenges remain for Main Street, a TARP watchdog said Tuesday.

Fortune: Treasury's Citi sale: TARP's last hurrah?updated: Tue Mar 30 2010 14:36:00

The government hit the jackpot with the Treasury's plan to sell its stake in Citigroup. Good thing, too, because the remaining bailed-out banks may be hard-pressed to pay taxpayers back this year.

CNNMoney: Pay czar takes aim at all TARP takersupdated: Tue Mar 23 2010 16:01:00

White House pay czar Kenneth Feinberg, who has clamped down on executive compensation at the nation's biggest bailout firms, now has a new target: any firm that accepted a government lifeline.

CNNMoney: Price tag of TARP bailout: $109 billionupdated: Thu Mar 18 2010 10:13:00

The government's unprecedented $700 billion economic bailout will actually cost taxpayers just 16% of that total, according to a Congressional Budget Office report released Wednesday.

Fortune: Treasury nets $1.5 billion on BofA warrant saleupdated: Thu Mar 04 2010 10:17:00

Bank of America is leaving the Troubled Asset Relief Program with a bang.

CNNMoney: Obama calls for $30 billion small business lending fundupdated: Tue Feb 02 2010 15:10:00

President Obama called on Congress Tuesday to recycle $30 billion of the remaining Troubled Asset Relief Program (TARP) funds into a new government lending program offering super-cheap capital to community banks that boost their small business lending this year.

CNNMoney: Bailout cop: TARP's not workingupdated: Sun Jan 31 2010 11:06:00

The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.

Fortune: How Uncle Sam will profit from TARPupdated: Wed Jan 27 2010 09:56:00

Guess what? The federal government will make money on bailing out the banks.

CNNMoney: Obama calls for bailout taxupdated: Sun Jan 17 2010 13:53:00

President Obama on Thursday called on Congress to tax the largest banks to ensure that U.S. taxpayers don't lose a penny from the federal bailout of the financial, auto and insurance industries over the past year.

CNNMoney: Tax big banks to death? Hold on a sec.updated: Thu Jan 14 2010 13:41:00

The Obama administration wants to slap big banks and insurers on the wrist with a new tax. Oh wait, it's not a tax. It's a "financial crisis responsibility fee."

CNNMoney: Obama to propose bank tax to recoup bailoutupdated: Wed Jan 13 2010 10:17:00

President Obama will propose a new tax on financial institutions Thursday to ensure that taxpayers who bailed out banks get paid back, according to a senior administration official.

Obama to announce bank fees to cover billions in TARP lossesupdated: Wed Jan 13 2010 09:10:00

President Obama, looking to recoup billions in expected losses from the Troubled Asset Relief Program, will announce a plan Thursday to impose fees on the country's biggest financial institutions, a senior administration official told CNN.

Big bonus, bigger backlashupdated: Wed Jan 13 2010 09:10:00

The bailed-out banks are bracing for their paydays in the form of bonuses as well as the outrage among Americans.

CNNMoney: Obama to announce bank fee planupdated: Wed Jan 13 2010 07:34:00

President Obama, looking to recoup billions in expected losses from the Troubled Asset Relief Program, will announce a plan Thursday to impose fees on the country's biggest financial institutions, a senior administration official told CNN.

CNNMoney: Bailout's big mistake: Loans to small banksupdated: Thu Dec 24 2009 06:07:00

The last of the big banks have returned their bailout funds, but uncorking the champagne would be premature: taxpayers still have a lot of skin in the game, and getting paid back only gets more difficult from here on out.

Fortune: Can Obama bully the bankers?updated: Mon Dec 14 2009 11:51:00

President Obama is about to give the banks an earful about lending. But he may be a day late -- and $116 billion short.

CNNMoney: Citigroup strikes deal to repay TARPupdated: Mon Dec 14 2009 10:15:00

Citigroup said Monday it has struck a deal with the government to return $20 billion in bailout money to taxpayers.

CNNMoney: Auto bailout: 78% spent so farupdated: Thu Dec 10 2009 16:23:00

The U.S. auto industry has spent nearly 78% of the taxpayer funds lent to it by the Treasury Department through the Troubled Asset Relief Fund, according to a report released Thursday by a bailout overseer.

CNNMoney: TARP bailout extended 10 monthsupdated: Wed Dec 09 2009 14:22:00

The controversial $700 billion federal bailout program will be extended through Oct. 3, 2010, Treasury Secretary Tim Geithner said Wednesday.

CNNMoney: Obama jobs plan: Bailout for Main Streetupdated: Tue Dec 08 2009 16:48:00

President Obama on Tuesday outlined a broad new proposal to try to spur jobs and give more help to Main Street consumers and businesses.

CNNMoney: Obama to propose using TARP for jobs creationupdated: Tue Dec 08 2009 08:27:00

President Obama will propose using some of the $200 billion from the Troubled Asset Relief Program to support creating jobs, White House officials confirmed Monday.

CNNMoney: Administration to slash TARP cost $200 billionupdated: Tue Dec 08 2009 07:31:00

The Obama Administration is expected to slash the estimated cost of the Troubled Asset Relief Program by $200 billion, effectively paving the way for what is expected be a massive federal jobs program.

CNNMoney: Obama: Use TARP for job creationupdated: Tue Dec 08 2009 07:19:00

President Obama is expected to announce Tuesday that he wants Congress to redirect a certain portion of leftover Wall Street bailout funds toward job creation measures, White House officials told CNN.

Fortune: Why Wells Fargo hasn't paid U.S. backupdated: Thu Dec 03 2009 15:54:00

The Wells Fargo stagecoach doesn't look ready to roll out of TARP town just yet.

Stop TARP before more damage is doneupdated: Mon Nov 23 2009 06:51:00

For the federal government, this has been the year of spending dangerously.

CNNMoney: Is TARP bailout helping the economy?updated: Thu Nov 19 2009 17:18:00

As the Obama administration considers how to approach the next phase of the $700 billion financial bailout, questions are being raised on Capitol Hill about whether it is helping the economy.

Fortune: 3 worst deals of 2009updated: Tue Nov 17 2009 07:23:00

Thanksgiving is upon us. That makes it a perfect time to contemplate turkeys -- as in "What a turkey that deal was!"

CNNMoney: Banks leery of Treasury's small business lending planupdated: Mon Nov 16 2009 11:58:00

Small business lending has been in freefall since the recession began. Concerned about the obstacles that places in the way of economic recovery, President Obama recently proposed a new federal effort to give community banks access to ultra-cheap government loans, which they can then use to expand their local business lending.

Fortune: CIT loss won't be last for taxpayersupdated: Mon Nov 02 2009 16:10:00

CIT Group is the first big bailout loss for taxpayers, but it won't be the last.

CNNMoney: Executive pay crackdown is a jokeupdated: Thu Oct 29 2009 08:22:00

What do you know? The suits at troubled finance firm GMAC must like working for less money. How else to explain that GMAC is reportedly trying to get a third helping of government rescue funds? GMAC is one of the seven firms that the Obama administration announced sweeping changes in executive compensation for last week.

CNNMoney: Geithner: More TARP paybacks comingupdated: Tue Oct 27 2009 21:06:00

Treasury Secretary Timothy Geithner said Tuesday he expects a wave of banks to return government bailout money to taxpayers soon.

CNNMoney: Big pay cuts ... what about Goldman?updated: Thu Oct 22 2009 15:32:00

The Obama administration's pay czar is imposing tough cuts on 175 big earners -- but many on Wall Street are still on track for a banner payday.

CNNMoney: Bailout's hidden costsupdated: Wed Oct 21 2009 03:45:00

The $700 billion bailout will ultimately cost taxpayers billions of dollars, but the government stands to lose much more than the money it's pouring into companies.

CNNMoney: Top banks cut small business lending by $8 billionupdated: Tue Oct 20 2009 19:58:00

President Obama is trying -- again -- to help small business get the cash they desperately need.

CNNMoney: Bailout cop: Treasury set 'unrealistic expectations'updated: Mon Oct 05 2009 10:09:00

A government watchdog says federal officials weren't entirely honest with the public about the health of the first 9 financial firms that got federal bailouts, according to a report released Monday.

CNNMoney: TARP: Taxpayers on the hook for $200 billionupdated: Sat Oct 03 2009 09:06:00

Taxpayers stand to lose between $100 billion and $200 billion on TARP -- Treasury's $700 billion financial market bailout.

CNNMoney: Bailout cop on the prowl for perpsupdated: Wed Sep 30 2009 09:31:00

Bailout cop Neil Barofsky is on the lookout for scammers and thieves.

CNNMoney: The end of the manic depressive marketupdated: Tue Sep 29 2009 07:16:00

Wall Street will celebrate a not-so-happy anniversary on Tuesday.

CNNMoney: Hooray for banks that refused bailouts!updated: Fri Sep 11 2009 21:12:00

It's nearly one year after the big crash, and the financial system is still functioning.

CNNMoney: Why some small banks still love TARPupdated: Fri Sep 11 2009 16:11:00

When it comes to TARP, it's better late than never for some banks.

CNNMoney: How banks really used TARP moneyupdated: Thu Aug 20 2009 16:33:00

If you're looking for the most detailed look yet about how banks have used funds from the $700 billion bailout, you're in luck.

CNNMoney: Banks: We need clarity on execs' payupdated: Wed Aug 19 2009 16:33:00

Banks that received bailout funds said they are trying to comply with executive pay curbs imposed by the Treasury Department, but the firms are worried about changing rules and an inability to keep top talent, according to a report relesed Wednesday by a TARP overseer.

CNNMoney: How Obama's transparency promise holds upupdated: Fri Aug 14 2009 04:42:00

The Obama administration pledged unprecedented transparency in its accounting of the $700 billion bank and auto bailouts (TARP) and the $787.2 billion Recovery Act. A lot of information has been made public but there are some key details where the transparency falls far short.

CNNMoney: No end in sight for bank bailoutsupdated: Sat Aug 08 2009 09:19:00

After rescuing the nation's banking system from utter disaster last fall, Washington now faces an arguably much trickier task: putting the bailout genie back in the bottle.

CNNMoney: Banks line up for second round of TARPupdated: Thu Aug 06 2009 15:40:00

For some banks, the grim reality is that another dose of TARP may be their best shot at salvation.

Fortune: TARP bailout money we can kiss goodbyeupdated: Tue Aug 04 2009 09:57:00

One of the things they teach in Successful Investing 101 is to cut your losses short and let your winnings run. But when it comes to the Troubled Assets Relief Program, the government is stuck doing the opposite. Its gains are being cut short, because its most profitable investments are being closed out, yet its losses will continue running.

Fortune: TARP profit claim bugs skepticsupdated: Tue Aug 04 2009 04:03:00

The markets are on a roll, but it's still a tad early for Treasury Secretary Tim Geithner to be counting his bailout winnings.

CNNMoney: No profits? Here's a fat bonus!updated: Thu Jul 30 2009 15:03:00

Even as top banks delivered abysmal performances last year, they still managed to pay out billions of dollars employee bonuses, according to a study published Thursday by New York Attorney General Andrew Cuomo.

Fortune: Treasury finally getting tough on banksupdated: Thu Jul 30 2009 08:19:00

Don't look now, but the government has actually strung a couple modest victories together in its dealings with big banks.

Fortune: Banker: "TARP helped avert a global calamity"updated: Thu Jul 23 2009 15:58:00

Bank of New York Mellon is not a name familiar to retail customers, but its role in the financial system is important enough that it was one of the first nine banks persuaded to accept billions of dollars last October from the Troubled Asset Relief Program -- in Bank of New York Mellon's case, $3 billion. The company is the world's largest custodial bank, handling more than $20 trillion in assets for other banks and investors.

CNNMoney: TARP cop: Get tough on banksupdated: Mon Jul 20 2009 18:07:00

The top cop tracking the $700 billion bailout program said Monday that he's concerned federal officials are ignoring his proposals for preventing tax dollars from being wasted or pilfered.

CNNMoney: Don't bet on a bank dividend reboundupdated: Thu Jun 25 2009 09:36:00

Leaving behind TARP will likely mean a return to the status quo for many banks -- except for those hefty dividends of yesteryear.

CNNMoney: Citigroup pumping up paychecksupdated: Wed Jun 24 2009 11:07:00

Bailed out financial giant Citigroup said Wednesday it is going to the raise base salaries of its employees, although it is not planning to increase their total compensation.

Fortune: How the bailout bashed the banksupdated: Mon Jun 22 2009 06:04:00

Washington's most dramatic foray into the nation's financial sector since the Great Depression began on Oct. 13 with a misnamed acronym, an unwitting tribe of CEOs, and a confused staff of Treasury officials. It was a foreshadowing of the misadventure to come. "I don't even know who the 9 companies are. Do you?" Michele Davis, assistant secretary for public affairs, wrote in an e-mail sent at 7:15 a.m. on that history-making Monday. "No clue," Treasury chief of staff Jim Wilkinson responded. "Let me get the list."

CNNMoney: Vacation jets for bailout bank execs - reportupdated: Fri Jun 19 2009 08:41:00

Executives from some banks propped up by federal funds used company jets for personal purposes, according to a report published Friday.

CNNMoney: Banks still trying to get out of TARPupdated: Wed Jun 17 2009 13:23:00

A flurry of banks officially escaped the clutches of TARP after cutting checks to the U.S. government Wednesday, marking the first major payback of the billions of dollars in aid invested in banks last fall.

CNNMoney: Kill TARP, spare the taxpayerupdated: Mon Jun 15 2009 11:37:00

For some, the slow, steady demise of TARP cannot happen soon enough.

CNNMoney: White House proposes new pay legislationupdated: Wed Jun 10 2009 18:05:00

The Obama administration moved forward Wednesday on curbing runaway corporate pay practices, proposing new legislation aimed at giving shareholders a greater voice on executive pay and appointing a new so-called "pay czar."

CNNMoney: Ten banks allowed to pay back TARPupdated: Tue Jun 09 2009 16:20:00

Ten leading banks won approval to repay money from the government's controversial TARP program, regulators said Tuesday, which could represent approximately $68 billion in bailout funds returned to taxpayers.

CNNMoney: TARP: End of an errorupdated: Tue Jun 09 2009 15:25:00

Good riddance, TARP. It was nice knowing you.

Fortune: TARP payback may not help consumersupdated: Tue Jun 09 2009 15:06:00

Don't expect TARP-free banks to unleash a torrent of loans to cash-strapped consumers.

Fortune: The fog of warrantsupdated: Tue Jun 09 2009 12:59:00

The big banks are back on their feet. How much credit should taxpayers get for their remarkable recovery?

CNNMoney: Watchdog wants stress test do-overupdated: Tue Jun 09 2009 06:48:00

Banks that were stress tested by the government earlier this year should undergo another round of examinations, a government watchdog group said Tuesday, amid signs that the U.S. economy may be deteriorating faster than first expected.

Fortune: The federal government gets TARP rightupdated: Mon Jun 08 2009 08:36:00

Sometimes the best investment is the one you didn't make. That's the case with one of the biggest investment pools in the country: the $700 billion Troubled Assets Relief Program, which Congress authorized last October to help combat the financial meltdown. The smartest thing the Treasury has done is to not buy troubled assets with the money. Instead, it has used most of it to buy preferred stock in banks to shore up their capital.

CNNMoney: Jamie Dimon's fighting wordsupdated: Wed Jun 03 2009 11:33:00

Jamie Dimon isn't one to pull his punches. In fact, the JPMorgan chief's willingness to criticize, for example, the shortcomings of retroactively changing government bailout programs can be refreshing -- and often spot-on.

CNNMoney: Banks get ready for life after TARPupdated: Wed Jun 03 2009 10:15:00

At long last, the end of TARP may be here for some big banks.

CNNMoney: A strange new twist for TARP rulesupdated: Tue Jun 02 2009 16:34:00

Has the Federal Reserve been reading too many fairy tales?

CNNMoney: Bailed out banks lending lessupdated: Mon Jun 01 2009 13:15:00

Banks that took billions of dollars in taxpayer aid clamped down on credit during the month of March, according to a Treasury Department report published Monday.

CNNMoney: There goes another $30 billionupdated: Mon Jun 01 2009 12:56:00

With another $30 billion in taxpayer bailout money set to go to General Motors -- for a total of $50 billion -- the bankrupt automaker will become the second-largest bailout recipient after AIG.

CNNMoney: Recycling bailout money: Is it right?updated: Fri May 22 2009 09:42:00

Some lawmakers are questioning whether the Treasury Department has the power to recycle returned bailout dollars to fund new or expanded rescues for auto companies, life insurers and small banks.

CNNMoney: Big banks fire up lendingupdated: Fri May 15 2009 16:57:00

Lending at the nation's top banks perked up in March, according to a government report issued Friday, even as the U.S. economy continued to be mired in a painful recession.

Fortune: Insurer to Treasury: No thanks on TARPupdated: Fri May 15 2009 13:50:00

Treasury is offering bailout funds to big insurance companies, but some of the insurers are responding with little enthusiasm.

CNNMoney: Insurers win access to bailout moneyupdated: Fri May 15 2009 04:51:00

Six life insurance companies have qualified to receive billions of dollars in bailout money under the government's Troubled Asset Relief Program, a Treasury Department spokesman said Thursday.

6 life insurers qualify for bailout moneyupdated: Fri May 15 2009 03:39:00

Six life insurance companies have qualified to receive billions of dollars in bailout money under the government's Troubled Asset Relief Program, according to the U.S. Treasury Department.

CNNMoney: Can big banks escape the TARP?updated: Tue May 12 2009 17:39:00

With the stress tests behind them, banking regulators now face the potentially thornier issue of deciding which banks, if any, should be allowed to repay government funds.

CNNMoney: Citigroup puts more TARP $ to workupdated: Tue May 12 2009 09:43:00

Citigroup said Tuesday it authorized $8.2 billion in lending to U.S. consumers and businesses so far this year backed by taxpayer funding.

Fortune: Sympathy for the devilsupdated: Tue May 12 2009 09:37:00

Is something very wrong with our financial system when the nation's biggest banks are talking about seven-figure bonuses while ever more Americans are losing their jobs? Millions of people seem to think so: If we could calculate an outrage index, it would be marching toward an all-time high. But before we institute public floggings for bankers, let's take a closer look at who or what is really to blame.

CNNMoney: Regional banks can't catch a breakupdated: Thu Apr 23 2009 12:58:00

Even in this chilly economic climate, megabanks like Wells Fargo and Citigroup have somehow managed to make money.

Fortune: 'TARP babies' struggle to pay back governmentupdated: Wed Apr 22 2009 14:50:00

Bankers itching to put TARP in the rearview mirror are finding it hard to make a quick getaway.

We recommend