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Corporate & Securities Law
: ContractsProf BlogBanks struggle to get away from "TARP-baby"
Full post as published by ContractsProf Blog on April 20, 2009 (boomark / email).
Anti-TARP Marketing: Fair Or Unfair
In the Dallas/Fort Worth "Metroplex," some banks are using the fact that they haven't taken TARP money and their competitors have as fodder for Texas-sized sniping.Rivalry between normally polite banks is getting down, dirty and very public with some using...
Repaying TARP Capital: Not So Fast
A recent post to FinCriAdvisor (free registration required) gives some interesting insight on what we've previously described as the TARP Tar Baby: the difficult process of repaying TARP CPP investments to the U...
Soros: This is how Tarp ought to work
Writing in the Financial Times, George Soros offers the following on “how to capitalise the banks and save finance”. Use Paulson’s new spending authorities to purchase preferred equity in US banks in a manner that provides tag along rights to existing shareholders...
TARP Free And Proud Of It
Four banks, led by Iberiabank Corp, were first out of the gate today to announce that they'd paid back their TARP CPP investments. The four repaid the US Treasury over $338 million to redeem referred stock and warrants, and also...
FDICs Institutions Must Monitor TARP Funds
The Treasury has been under fire in recent weeks for its less-than-perfect implementation of the Troubled Asset Relief Program — particularly its failure to monitor how banks are using TARP infusions...
TARP Reform and Accountability Act Passes
Today, the House passed the TARP Reform and Accountability Act (HR 384) by a vote of 260-166 to amend the Troubled Assets Relief Program (TARP) provisions of the Emergency Economic Stabilization Act of 2008 (EESA) to: strengthen accountability, close loopholes, increase transparency — forcing banks to report how government funds are being spent require Treasury to take [...
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