Troubled Asset Relief Program

Obama to Republicans: Shutdown could bring ‘economic chaos’

Obama to Republicans: Shutdown could bring ‘economic chaos’

A potential federal shutdown looming, President Barack Obama on Monday warned congressional Republicans they could trigger national “economic chaos” if they demand a delay of his health care law as the price for supporting continued spending for federal operations. House Republican leaders were to meet Tuesday in hopes of finding a formula that would avoid […]

Obama claiming credit for eonomic ‘turnaround’

Obama claiming credit for eonomic ‘turnaround’

President Barack Obama is seeking credit for an economic turnaround, using the fifth anniversary of the collapse of the Lehman Brothers investment bank to highlight signs of recovery and to warn against potentially market-rattling fights over the federal budget and the nation’s debt ceiling. Obama was scheduled to address the state of the economy Monday […]

Why Tim Geithner was a divisive Treasury Secretary

Why Tim Geithner was a divisive Treasury Secretary

President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He’s surely been among the most contentious. Not since the Great Depression had an administration inherited so many grave financial threats at once. To many, Geithner deserves credit for helping steady the banking system and helping restore […]

Foreclosure nightmares: When the banks get it all wrong

Foreclosure nightmares: When the banks get it all wrong

Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. marshal’s sedan was peeling out of his driveway. Nailed to Marconi’s front door was a foreclosure summons from Wells Fargo, naming him as a defendant. […]

End of TARP leaves small banks scrambling to repay

End of TARP leaves small banks scrambling to repay

The U.S. government’s $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation’s small and regional banks, even as the program officially expires on Sunday. The banks are eager to repay the taxpayer money, but the meek economic recovery has gotten in the way. Analysts and […]