Financial Regulatory Forum

ANALYSIS-U.S. TARP bailout fund may outlive expiry date

October 22, 2009

US Treasury Secretary Timothy Geithner (R) engages with reporters during the 2009 Reuters Washington Summit in Washington, October 20, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Glenn Somerville
WASHINGTON, Oct 21 (Reuters) – The Obama administration appears to want to keep an inherited $700 billion financial rescue fund going past its scheduled expiry at year-end, but is retooling the program to focus on more than just banks.

U.S. internal review blasts SEC over Madoff

September 2, 2009

Defrauded investors and their supporters hold signs during a rally near the United States Courthouse in lower Manhattan, June 29, 2009, after the sentencing hearing for convicted swindler Bernard Madoff. BOSTON/WASHINGTON, Sept 2 (Reuters) – U.S. securities
regulators missed repeated chances to uncover Bernard Madoff’s Ponzi scheme, a sharply critical review by a federal watchdog said on Wednesday.