Dec 23rd, 2008 · With oversight next to nonexistent, many banks are refusing to disclose what they're doing with billions of tax payer dollars. We explore how TARP dollars are being spent and why no one is keeping track.
Dec 17th, 2008 · Alfred Estrada, who recently lost his job and is facing foreclosure, was invited to appeared in front of the Troubled Assets Relief Program (TARP) oversight panel Tuesday in Las Vegas. We join him for the day to get a sense of what it's like to take the morning off from unpaid bills to sum up his woes in three minutes.
Dec 10th, 2008 · Congress is looking into the Treasury Department's management of the $700 billion Troubled Asset Relief Program. Lawmakers want to know why banks that have received billions of dollars of taxpayer money are not doing more lending.
Nov 12th, 2008 · With the Treasury backing away from buying "Troubled Assets" — perhaps the "Troubled Assets Relief Program" needs a new name; a tongue in cheek look at a few alternatives.
Nov 11th, 2008 · U.S. officials have lavished aid on Fannie Mae and AIG and neither company shows any signs of stabilizing. Meanwhile, the first $350 billion of the Treasury Department's TARP fund is largely committed and the government is yet to purchase its first mortgage-backed security.
Nov 7th, 2008 · The government's Troubled Asset Relief Program — known as TARP — was designed to thaw the frozen credit markets by, among other things, buying up financial firms' "toxic assets." The Treasury Department says it has given $155 billion to eight banks so far, which has helped them increase short-term lending. But the department hasn't yet started to buy up problematic mortgage-backed securities.
May 13th, 2008 · The mountain village of Gui Xi in Sichuan province is one of many Chinese communities coping with the aftermath of Monday's powerful earthquake. Survivors huddled under tarps Tuesday in a steady rain, telling their stories.
Sep 24th, 2007 · The major exhibition now at the Massachusetts Museum of Contemporary Art has been covered with yellow tarp and closed to the public for nearly two months, due to a dispute between the museum and Swiss artist Christoph Buchel. The artist is known for creating life-sized installations that visitors walk and climb through.