PORTAL Finance Blog

Category Archives: TARP

Treasury says TARP will cost only $50 billion

The U.S. Treasury is trumpeting its announcement that the $700 billion dollar TARP program will cost U.S. taxpayers about $50 billion.  No one really knows for sure because it will take years for a full accounting to take place.  Only … Continue reading →

October 10, 2010 at 4:24 pm | Financial, Real Estate, TARP, Union Bank of Switzerland (UBS)

AIG – The Post-Mortem?

Linked here is an article just the way I like them:  straight to the point and simple to understand.  In my opinion, the author, Mr. Sorkin, presents some very compelling points.  I concur with Mr. Sorkin.  I respectfully, don’t concur, … Continue reading →

October 6, 2010 at 1:41 am | AIG, Investing, Real Estate, TARP

America’s Recovery Capital (ARC) Loan Program Dies a Quiet Death

One of my clients asked me about applying for an ARC loan several times in 2009 and 2010.  I could not find a single lender in the U.S. willing to make this $35,000 loan.  I reached out to my blog … Continue reading →

August 28, 2010 at 7:13 pm | Business, Real Estate, SBA Small Business, TARP

Finally, a Start in the Right Direction….

Great news this past week as the Obama administration and U.S. bank regulators appear to be getting on the same page with respect to small business lending.  The White House announced that it would like to use $30 billion from … Continue reading →

February 6, 2010 at 5:34 pm | Federal Reserve Bank, Financial, Real Estate, TARP

The more things change….

…the more they stay the same.  Case in point, Fed Chairman Bernanke vs. Treasury Secretary Geithner.  Mr. Bernanke endured various barbs recently in the press.  Some questioned his decision-making; while others questioned whether he would be confirmed for a second … Continue reading →

January 30, 2010 at 2:13 am | AIG, Goldman Sachs, Investing, Real Estate, TARP

Taxing Banks….Why?

President Obama announced with great fanfare his intention to impose a tax on banks for the purpose of recovering lost TARP money.  Apparently, banks that did not accept TARP money will be subject to this levy as well.  A new … Continue reading →

January 16, 2010 at 6:28 pm | AIG, Investing, Real Estate, TARP

Transparency and Visibility….It all comes out in the wash

Yet another bombshell dropped in the controversy surrounding the TARP bailouts.  U.S. Representative Darrell Issa from California somehow obtained email messages between AIG and The Federal Reserve Bank of New York.  In these email messages, AIG was trying to follow … Continue reading →

January 9, 2010 at 10:35 pm | AIG, Federal Reserve Bank, Financial, Investing, Real Estate, TARP

It’s Groundhog Day……again

Courtesy of the U.S. taxpayers, GMAC received an additional $3.8 billion cash infusion last week.  Last week, for heaven’s sake!  In a carefully timed press release this week, GMAC reported a $5 billion dollar loss for the fourth quarter due … Continue reading →

January 6, 2010 at 2:06 am | Automotive, Chrysler, GM, Goldman Sachs, Investing, Real Estate, TARP

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