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Oversight Panel stories:
House panel examining Bank of America bailout, Merrill takeover; company officials testifying
Nov 17th, 2009 - Los Angeles Times
WASHINGTON (AP) - A House oversight panel is examining the $45 billion federal bailout of Bank of America Corp. and its shotgun acquisition of Merrill Lynch & Co. last year at the height of the financial crisis.
Ex-BofA Exec Says Had No Role in Merrill Bonuses
Nov 17th, 2009 - ABC News
The former top attorney of Bank of America Corp. will testify to Congress Tuesday that he wasn't involved in crafting the bank's agreement to let Merrill Lynch pay billions of dollars in bonuses to its employees...Ex-BofA Exec Says No Role in Bonuses
Nov 16th, 2009 - ABC News
The deposed top attorney of Bank of America Corp. says he played no role in drafting the bank's agreement to allow Merrill Lynch to pay billions of dollars in bonuses...
TARP Watchdog Sees Possible Profits From Guarantee Programs
Nov 6th, 2009 - CNNMoney
WASHINGTON -(Dow Jones)- The U.S. government is likely to make a profit ontrillions of dollars in guarantees made during the height of the financialcrisis, though such arrangements do expose taxpayers to significant risk...
US Should Give More Detail on Citigroup Guarantee, Panel Says
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- The U.S. Treasury Department shouldprovide regular disclosures about losses in the $301 billionpool of Citigroup Inc. assets that the government guaranteedlast year in its bid to stave off the bank’s collapse...
Oversight Panel videos from YouTube:
7:31TARP Oversight Panel Chair Elizabeth Warren on The Rachael Maddow Show
TARP congressional oversight panel chair Elizabeth Warren on MSNBC's The Rachael Maddow Show. visit: firedoglake.com
9:36"We Have A Real Problem Coming..." Elizabeth Warren- head of the Congressional Oversight Panel
because if they did they would have to write them down). * The smaller banks are undercapitalized and will have to raise another $12-$14 billion. And so on... Those are the basic messages from Elizabeth Warren ...
6:44Elizabeth Warren: Treasury Sec. and Congressional Oversight Panel are not on the same page
Elizabeth Warren: Treasury Sec. and Congressional Oversight Panel are not on the same page visit: firedoglake.com
4:52Congressional Oversight Panel and Inspector General Agree PROFIT Act is the best method for Treasury
US Rep. Mary Jo Kilroy questioned the head of two government bailout watchdogs and both agreed a public auction to sell taxpayer "stock options" would be the most transparent and maximize profit returns for Americans.
