Items Tagged with 'Neal Wolin'


  • Treasury Spends $309m to Jump-Start Affordable Housing

    The US Treasury Department is providing $309m to fund affordable housing projects stalled by the dearth of investment capital in today’s marketplace. The money — the latest of six similar payouts from $3bn in American Recovery and Reinvestment Act funds — will be divided among seven states: Arizona, Connecticut, North Carolina, North Dakota, Pennsylvania, South Carolina, and Vermont. The money will be used to fund affordable housing projects that already received state tax credits, but haven’t been completed because equity investors could not be found.
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  • Hedge Fund Manager Quits Race for TARP Role

    The Treasury Department saw yet another candidate drop out of the race to fill top positions. Hedge fund manager Frank Brosens has withdrawn his name from consideration for a leading position to head the Treasury's Troubled Asset Relief Program, sources told the Wall Street Journal. Co-founder of Taconic Capital Advisors, Brosens campaigned for President Barack Obama and is a major donor to the Democratic Party.
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  • Obama Nominates Three to Treasury

    President Barack Obama late Monday announced three nominations for key roles to serve under Treasury Department secretary Tim Geithner. The nominations, according to a White House press release, fill three of the four "most senior" positions under the secretary.
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