by Wally Northway Published: February 11,2010
Tags: bailout, banking and finance, TARP
WASHINGTON — The U.S. Department of the Treasury received full repayment on its Troubled Asset Relief Program (TARP) investment in PNC Bank in the sum of $7.6 billion, bringing the total amount of repaid TARP funds to more than $173 billion. Treasury now estimates that total bank repayments and proceeds from sales of its common [...] [...]
by Wally Northway Published: February 8,2010
Tags: bailout, banking and finance, recession, stimulus, TARP
JACKSON — On Feb. 4, Treasury Secretary Tim Geithner outlined the details of a new program under the Troubled Assets Relief Program (TARP) that will provide community development financial institutions (CDFIs) with up to $1 billion to make more loans to small businesses in some of the communities hit hardest by the economic crisis. ECD/HOPE [...] [...]
WASHINGTON — Executives in AIG’s financial products division are getting $100 million richer, and the White House pay czar calls the bonuses “outrageous.” However, Kenneth Feinberg said the payments are contractual obligations entered into years ago. And he pointed out that AIG executives have pledged to repay $39 million out of $45 million in previous [...] [...]
by Clay Chandler Published: January 18,2010
Tags: bailout, Gray Swoope, Haley Barbour, Mississippi Development Authority, small business
Barbour, MDA’s Swoope tell business leaders that previous program was met with a good amount of success Part of the effort in the financial recovery from Hurricane Katrina included a state program that guaranteed portions of loans for small businesses trying to get back on their feet after the storm. Gov. Haley Barbour and Mississippi [...] [...]
by Clay Chandler Published: October 9,2009
Tags: automakers, bailout, General motors, GreenTech, Mississippi, Nissan, recession, TARP, Toyota
Tuesday in Tunica, a Chinese businessman made the biggest economic development announcement in Mississippi in almost three years, and Gov. Haley Barbour was nowhere in sight. Xiaolin “Charles” Wang said his automotive manufacturing facility would produce 150,000 hybrid vehicles annually and employ 1,500 people directly, and the Mississippi Development Authority’s executive director was out of [...] [...]
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