Items Tagged with 'interim assistant secretary'

ARTICLES

  • Treasury Calls For Details on Bank Lending

    Under pressure to report more clarity and oversight in implementing the Troubled Asset Relief Program and the use of TARP funds given to financial institutions, the Treasury Department is apparently going after banks now with letters written by interim assistant secretary Neel Kashkari asking for figures on business and consumer loans, according to a story Tuesday by Bloomberg.
    Read More
  • Bush, Obama Unite for TARP Funds; Regulators Divide Over Conditions

    President-elect Barack Obama on Monday asked President George W. Bush for his assistance in requesting the release of the second half of the $700 billion granted to the Troubled Asset Relief Program. President Bush has called for Congress to release the next $350 billion, according to a report Tuesday by the Wall Street Journal.
    Read More
  • Kashkari: Credit to Remain Slow Until Confidence Returns

    With Friday's investment in 43 financial institutions, the Treasury Department's allocation of Troubled Asset Relief Program funds through the Capital Purchase Program has grown to $189 billion of the $250 billion allotted. Pending applications under the program remain "in the thousands," according to a speech given Monday by interim assistant secretary Neel Kashkari.
    Read More
  • TARP Comes Under Fire for Weak Transparency

    The Treasury Department's implementation of TARP funds came under fire from multiple directions Friday as regulators criticized the lack of transparency and oversight. The Congressional Oversight Panel in its first report since issuing a list of questions Dec. 10 -- many of which went unanswered -- on Friday called for increased bank accountability in the use of TARP funds, transparency and asset evaluation, increased efforts to prevent foreclosures, and a clearly defined strategy.
    Read More