Topic: Herbert M. Allison
<div><p>WASHINGTON (Reuters) - A top Obama administration official on Thursday defended a $75 billion Treasury effort to help struggling homeowners avert foreclosure even as some lawmakers called it a failure.</p><p>Herbert Allison, assistant Treasury secretary for financial stability, said ...
<div><p>WASHINGTON (Reuters) - The Treasury is committed to spending the full $50 billion in bailout funds it budgeted for mortgage modifications but will consider changes to make the program more effective, a senior Treasury official said on Thursday.</p><p>Herbert ...
Herbert Allison, who oversees the Treasury's $700 billion financial-rescue plan, disagreed with members of a congressional oversight panel that some financial firms benefit from the assumption that the government would step in to prevent their failure.. "There is no too-big-to-fail guarantee ...
Citi CEO says bank is 'different,' 'healthier' than before the financial crisis WHY CITIGROUP CEO VIKRAM PANDIT TESTIFIED:The Congressional Oversight Panel for the $700 billion financial bailout held a public hearing on Citi's generous, multistep bailouts.Echoing Obama administration positions ...
WASHINGTON (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness.In testimony to a panel that helps police government bailout efforts, Pandit ...
Regulators fend off complaints that strict bank requirements impede lending to businesses U.S. regulators fended off complaints Friday from lawmakers and small business owners that overly strict rules for banks have prevented crucial credit from flowing to where it is needed ...
As banks build capital, Treasury wants TARP to focus on lending, continued stabilityBig banks are roaring back.At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue them. Taxpayers won't recoup the full sum ...
Impact of stimulus on economy greatest this year, will level off by middle of next yearThe government's economic stimulus spending has already had its biggest impact and probably won't contribute to significant growth next year, a top White House adviser ...
WASHINGTON (Reuters) - The U.S. financial system remains fragile a year after launching a $700 billion bailout fund and the government may need to extend the program into next year, a senior U.S. Treasury department official said on Thursday.Herbert Allison ...
Obama administration signals that $700 billion bank bailout program might need to be extendedThe Obama administration on Thursday sent its clearest signal yet that it is prepared to extend its $700 billion bailout for Wall Street for another year, even as lawmakers ...