TARP

Research

Testimony & Comments

What the Euro Crisis Means for Taxpayers and the U.S. Economy

Anthony B. Sanders | Dec 15, 2011

Anthony Sanders testified before the U.S. House Committee on Oversight and Government Reform Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs on the role of the U.S. in addressing the European debt crisis.

Expert Commentary

Volcker Rule Continues to Trouble Regulators and Industry By Hester Peirce \| Feb 28, 2013 Federal regulators are still struggling to finalize the long-awaited Volcker rule—a component of the Dodd-Frank Act of 2010 that prohibits banks from engaging in proprietary trading and limits their investment in hedge funds. Now it’s being reported that the final rule won’t be ready until the second half of this year, creating more uncertainty for the private sector.	Policy-Based Evidence-Making at the Consumer Financial Protection Bureau Library of Law and Liberty By Todd Zywicki \| Jan 29, 2013 New mortgage rules released by the CFPB show why heightened oversight is necessary.
The New York Fed's False Assertion of AIG Bailout Profits Real Clear Markets By Hester Peirce \| Aug 29, 2012 The sale of the securities in Maiden Lane III, which was just one small part of the AIG rescue, is not a cause for celebration to the taxpayers who subsidized it. The $6.6 billion gain from these sales looks less than impressive when the full cost to taxpayers considered.	Tim Geithner, LIBOR Manipulations, and the Bailout of AIG Real Clear Markets By Hester Peirce \| Aug 02, 2012 Government regulators - which were complicit in trying to make financial institutions appear healthier than they were during the crisis - are not the right folks to be fixing LIBOR. If the British Bankers Association can't solve the problems with LIBOR, the markets will turn to substitute benchmarks.
Shutting Down the TARP Party By Hester Peirce \| Apr 27, 2012 The newly confirmed Special Inspector General for TARP, Christy Romero, published the latest quarterly report on TARP this week. The tone of the report is markedly different from the victory lap that Treasury ran earlier this month. The report opens with the stinging reminder that “[i]t is a widely held misconception that TARP will make a profit.” To put it mildly, the SIGTARP is not taking part in Treasury’s premature TARP celebration.	TARP Success TRAP By Hester Peirce \| Apr 18, 2012 The Treasury Department has released its latest effort to persuade us all of the merits of the financial crisis bailouts. 19 colorful charts tell the story of the crisis, the government’s response, and the current state of the economy, but the picture is not nearly as pretty as Treasury’s optimistic rendition would have us believe.

More Expert Commentary

Videos

Podcasts

Barofsky on Bailouts

Russell Roberts | September 03, 2012

Neil Barofsky, author of Bailout and the former Special Inspector General for the TARP program, talks with EconTalk host Russ Roberts about his book and the government bailouts by the Bush and Obama Administrations. Barofsky recounts what he learned about how Washington works and the incentives facing politicians and bureaucrats. His book and this interview are a workshop in public choice economics. Along the way he unravels some of the acronyms of the last few years including TARP, TALF, and HAMP. The conversation concludes with lessons learned by Barofsky and what might be done in the future to prevent the corruption and ineffectiveness of past bailouts.

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More Media Clippings

Volcker Rule Continues to Trouble Regulators and Industry By Hester Peirce \| Feb 28, 2013 Federal regulators are still struggling to finalize the long-awaited Volcker rule—a component of the Dodd-Frank Act of 2010 that prohibits banks from engaging in proprietary trading and limits their investment in hedge funds. Now it’s being reported that the final rule won’t be ready until the second half of this year, creating more uncertainty for the private sector.	Policy-Based Evidence-Making at the Consumer Financial Protection Bureau Library of Law and Liberty By Todd Zywicki \| Jan 29, 2013 New mortgage rules released by the CFPB show why heightened oversight is necessary.
The New York Fed's False Assertion of AIG Bailout Profits Real Clear Markets By Hester Peirce \| Aug 29, 2012 The sale of the securities in Maiden Lane III, which was just one small part of the AIG rescue, is not a cause for celebration to the taxpayers who subsidized it. The $6.6 billion gain from these sales looks less than impressive when the full cost to taxpayers considered.	Tim Geithner, LIBOR Manipulations, and the Bailout of AIG Real Clear Markets By Hester Peirce \| Aug 02, 2012 Government regulators - which were complicit in trying to make financial institutions appear healthier than they were during the crisis - are not the right folks to be fixing LIBOR. If the British Bankers Association can't solve the problems with LIBOR, the markets will turn to substitute benchmarks.
Shutting Down the TARP Party By Hester Peirce \| Apr 27, 2012 The newly confirmed Special Inspector General for TARP, Christy Romero, published the latest quarterly report on TARP this week. The tone of the report is markedly different from the victory lap that Treasury ran earlier this month. The report opens with the stinging reminder that “[i]t is a widely held misconception that TARP will make a profit.” To put it mildly, the SIGTARP is not taking part in Treasury’s premature TARP celebration.	TARP Success TRAP By Hester Peirce \| Apr 18, 2012 The Treasury Department has released its latest effort to persuade us all of the merits of the financial crisis bailouts. 19 colorful charts tell the story of the crisis, the government’s response, and the current state of the economy, but the picture is not nearly as pretty as Treasury’s optimistic rendition would have us believe.

Mercatus Center

TARP

TARP

Research

Treasury Inc.:

Testimony & Comments

What the Euro Crisis Means for Taxpayers and the U.S. Economy

Expert Commentary

Volcker Rule Continues to Trouble Regulators and Industry

Policy-Based Evidence-Making at the Consumer Financial Protection Bureau

The New York Fed's False Assertion of AIG Bailout Profits

Tim Geithner, LIBOR Manipulations, and the Bailout of AIG

Shutting Down the TARP Party

TARP Success TRAP

Videos

Anthony Sanders Testifies About the Euro Crisis

Podcasts

Barofsky on Bailouts

Media Clippings

The Economics of America's Crony Society

Why Government Bestowal of Economic Privileges is Pathological

Bank Bailouts Are Here to Stay ‘Forever’: Economist

Book Review: ‘The Clash of Economic Ideas’

Sherk and Zywicki: Obama's United Auto Workers Bailout