TARP Topic

A Toast to Failure

August 3rd, 2009 | 6 Comments

The next test of the administration is the huge bonuses due to Citi employees. Citi, as you may recall, was the recipient of tens of billions of taxpayer bailout money. One trader, Andrew J. Hall, is contractually due a $100 million bonus all by himself. Will Geithner, et al, have the courage to oppose these [...]

Captain Overboard

June 11th, 2009 | 5 Comments

So now the banks that took the bailout money want to give it back as fast as they can. Why? Surely not because they’re suddenly solvent. No, not exactly. The big boys are chafing at the rules that come attached to the money–more transparency in how they do their business, and limits on the bonuses [...]