Financial Regulatory Forum

US bank bailout encourages risky behavior -watchdog

February 1, 2010

WASHINGTON, Jan 30 (Reuters) – The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behavior more likely, the government’s bailout watchdog said in a quarterly report.

US’ Geithner, NY Fed defend actions on AIG payments

January 27, 2010

By David Lawder and Glenn Somerville

WASHINGTON, Jan 26 (Reuters) – U.S. Treasury Secretary Timothy Geithner denied any role in disclosures about American International Group’s payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.

TARP watchdog sees loss on U.S. bailout program

November 13, 2009

WASHINGTON, Nov 12 (Reuters) – The U.S. government’s $700 billion bailout program will “almost certainly” result in an overall loss for taxpayers, a key auditor for the program said on Thursday.