Citigroup and the Troubled Asset Relief Program
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Citigroup and the Troubled Asset Relief Program hearing before the Congressional Oversight Panel, One Hundred Eleventh Congress, second session, March 4, 2010 by United States. Congressional Oversight Panel

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Published by U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. in Washington .
Written in English


Book details:

Edition Notes

Shipping list no.: 2010-0324-P.

SeriesS. hrg -- 111-472
Classifications
LC ClassificationsHG181 .U553 2010
The Physical Object
Paginationiii, 115 p. ;
Number of Pages115
ID Numbers
Open LibraryOL24416565M
ISBN 100160861446
ISBN 109780160861444
LC Control Number2010478544
OCLC/WorldCa650335992

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  Get this from a library! Citigroup and the Troubled Asset Relief Program: hearing before the Congressional Oversight Panel, One Hundred Eleventh Congress, second session, March 4, [United States. Congressional Oversight Panel.]. Get this from a library! Extraordinary financial assistance provided to Citigroup, Inc.. [United States. Office of the Special Inspector General for the Troubled Asset Relief Program,]. Neil Barofsky, Special Inspector General (SIG) of the U.S. treasury Department’s $ billion Troubled Asset Relief Program (TARP), has agreed to audit the $ billion of federal asset.   Just one month prior to this stock meltdown, the U.S. government through its Troubled Asset Relief Program (TARP) had injected $25 billion into Citigroup on Octo With a market cap of $ billion on Friday, Novem , the U.S. taxpayer effectively owned this company lock, stock and barrel.

  Citigroup’s recommendations came just three days after then-President George W. Bush signed into law the Troubled Asset Relief Program, which .   House Democrats were already showing signs of frustration that the Treasury Department continued to allocate money from the $ billion Troubled Asset Relief Program into companies like Citigroup.   But Berkowitz says investors can't ignore the Treasury's move to allow Citi to repay its Troubled Asset Relief Program (TARP) funds. "The only way the government was going to allow repayment was.   At that time, Citigroup was a financial basket-case. It had already received $25 billion from the government’s bailout program known as the Troubled Asset Relief Program (TARP) in October; it was secretly receiving hundreds of billions of dollars more each month in below-market rate, revolving loans from the Federal Reserve — information.

(1) One component of this intervention was the Troubled Asset Relief Program (TARP) created by the Emergency Economic Stabilization Act of (2) Although TARP may have saved the United States economy from a lengthy depression, it was perceived by many as a "bailout" of the banks whose own greed had precipitated the financial crisis.   Troubled Asset Relief Program (TARP) has been the primary vehicle for most of these actions. As a result of actions and others, the government is a shareholder in the American International Group (AIG), Citigroup Inc. (Citi), Chrysler Group LLC (Chrysler), and General Motors Company (GM), among others. As market conditions have become less. The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush on October 3, It was a component of the government's measures in to address the subprime mortgage crisis. Troubled Asset Relief Program (SIGTARP): Quarterly Report to Congress by the Office of the Special Inspector General (SIGTARP)(Octo ) Author: Neil Barofsky: Publisher: DIANE Publishing, ISBN: , Length: pages: .