Showing posts with label US Treasury. Show all posts
Showing posts with label US Treasury. Show all posts
Thursday, March 3, 2011
Wednesday, December 9, 2009
Fight the Fed (Treasury)?
The AP is reporting this morning on Geitner's decision to extend the duration of the TARP and widen its scope to include smaller banks with commercial real estate exposure and programs to slow the rate of home foreclosures. The article includes some analysis of how well TARP has measured up to intentions of Congress when it was authorized. Elizabeth Warren, the chair of the Congressional Oversight Committee is reported in the article to offer these remarks...
In a report Wednesday, a TARP watchdog panel said the fund helped ease last fall's financial panic, but was less successful in meeting other goals Congress set — including reducing foreclosures and unfreezing credit for consumers and businesses.
"Congress set goals for the TARP that went well beyond short-term financial stability, and by that measure problems remain," said panel chair and Harvard Law school professor Elizabeth Warren.
In a report Wednesday, a TARP watchdog panel said the fund helped ease last fall's financial panic, but was less successful in meeting other goals Congress set — including reducing foreclosures and unfreezing credit for consumers and businesses.
"Congress set goals for the TARP that went well beyond short-term financial stability, and by that measure problems remain," said panel chair and Harvard Law school professor Elizabeth Warren.
Subscribe to:
Posts (Atom)