Posts Tagged ‘SIGTARP’

SIGTARP is Back! Be Mad Again. And Happy

SIGTARP is Back! Be Mad Again. And Happy

By The Banker | Blog Posts

My favorite government watchdog of all time, SIGTARP[1], The Norse God of Financial Accountability, recently published another great critique of Treasury’s handling of TARP rules, this one about executive compensation within bailed out firms. SIGTARP is a favorite of mine because they point out mistakes and errors with the TARP program. At its best, SIGTARP [&hellip

Book Review: Bailout; An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

Book Review: Bailout; An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street

By The Banker | Book Reviews

If every novel or Hollywood movie starts with either the premise of “A Man Walks Into a Town” or “A Man Goes On a Journey,” Bailout by Neil Barofsky begins with the former.  Neil Barofsky plays the leading Jimmy Stewart hero role in this modern update to Mr. Smith Goes To Washington. In late 2008, [&hellip

SIGTARP, Part IV – What Small Banks Are Going Under Next?

SIGTARP, Part IV – What Small Banks Are Going Under Next?

By The Banker | Blog Posts

Ok, so it’s no secret I’m pretty sweet on SIGTARP, the Norse God of Financial Accountability. There’s the pleasure of calling a fellow US Treasury colleague a liar. There’s the feistiness of a government official pointing out that through our failure to rein in TBTF banks, we’ve laid the groundwork for the next crisis There’s [&hellip

The Citigroup Bailout - SIGTARP Part III

The Citigroup Bailout – SIGTARP Part III

By The Banker | Blog Posts, Wall Street

We love to criticize the wastefulness of bureaucracy, the agency ass-covering, and the naiveté of government officials.  But it’s a surprising pleasure to read[1] The SIGTARP [2]  review of the government’s response to Citigroup’s near-death experience and its bailout in the Fall of 2008. Here we have a US Treasury position created for the purpose [&hellip

In Praise of SIGTARP Part II – We blew it on the repayment of TARP funds by the largest financial institutions

In Praise of SIGTARP Part II – We blew it on the repayment of TARP funds by the largest financial institutions

By The Banker | Blog Posts

See related post In Praise of SIGTARP Part I here We are now at the four year mark on the deepest part of the Great Credit Crunch and Great Recession, so I’m moved to ask: When it comes to avoiding the next financial blowup and bailout we need to ask “Are our bank protections better [&hellip