TARP

'Mediocre, but it works': Comments of the week

05/19/17

Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more.

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Tarp was not a bailout, and the government's profit was huge

05/16/17

The fact that the Troubled Asset Relief Program made billions is of no help to the thousands of banks that suffered, and are still suffering, from the grossly unfair rollout.

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Treasury exits largest Tarp investment

05/10/17

The agency sold nearly 10.3 million shares in First BanCorp in San Juan, Puerto Rico, for $57.7 million.

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Why a bank needed to sell itself to Uncle Sam to find freedom

05/09/17

One Bank & Trust in Arkansas just sold itself to the Treasury, resolving a legal judgment and clearing the way for a resale to the private sector.

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Former Tennessee Commerce exec admits to misleading FDIC

04/25/17

Lamar Cox pleaded guilty to hiding losses while the bank held government funds. Tennessee Commerce failed in 2012.

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Tarp still casts shadow over recovering S.C. bank

03/08/17

HCSB Financial received a second subpoena from the Troubled Asset Relief Program's special inspector general.

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Loan-mod fraud organizer gets 15 years in prison

03/07/17

David Gotterup of Long Island, N.Y., was sentenced to the prison time and ordered to pay $2.5 million after pleading guilty in June to ripping off distressed homeowners, federal authorities said.

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Former Tennessee Commerce exec charged with lying to regulators

02/08/17

Lamar Cox is accused of understating losses tied to the sale of foreclosed properties in 2009.

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Former NOVA chairman sentenced for Tarp fraud

01/30/17

Barry Bekkedam was also fined $100,000 for a failed effort to bring in Tarp funds before NOVA failed in 2012.

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