April 23, 2009 |
In the first criminal case related to the banking bailout, a Tennessee financial advisor was accused Wednesday of operating a multimillion-dollar Ponzi scheme that lured investors, in part, by promising that their investments would go into debt backed by the federal government's $750-billion rescue program.
May 6, 2009 |
The parent of City National Bank on Tuesday added its name to the list of financial companies that want to exit the industry's strained partnership with Uncle Sam. Beverly Hills-based City National Corp. said it raised about $100 million by selling new shares to investors, and intended to put the money toward repayment of $400 million in government capital it received in November. "We'd like to repay the whole thing," said Russell Goldsmith, the company's chief executive.
January 31, 2009 |
The Obama administration has told special investigators in the Treasury Department to delay a comprehensive examination of how banks and other corporations are using $350 billion in federal bailout money because of possible conflicts with federal paperwork statutes. The delay sparked an angry response from the senior Republican on the Senate Finance Committee, Charles E.
July 21, 2009 |
As the watchdog of the government's massive bailout of the financial sector, Neil M. Barofsky had a simple question: What had the nation's banks done with all their bailout money? Can't be answered, said the Treasury Department, because of the way banks move money internally. The department declined to put the question to the banks.
July 9, 2007 |
Colorado Rockies groundskeeper Keros Johnson was trapped in the middle of an out-of-control tarp. When he finally crawled out, the wide-eyed Johnson was greeted by a sight he didn't expect: Shane Victorino and the Phillies attempting to get the tarp under control. Victorino helped wrangle the tarp before a rain delay and then hit a two-run homer after the break in Philadelphia's 8-4 win over the Colorado Rockies on Sunday.
CALIFORNIA | LOCAL
November 8, 1997
A Los Angeles man was killed on the San Diego Freeway in Carson early Friday when he lost control of his car and spun into a lane, where another vehicle slammed into him, authorities said. Kwan Soon Park, 27, was apparently driving at a high speed when he swerved to avoid hitting a tarp in one of the southbound lanes near the Main Street exit at 4:30 a.m., according to the California Highway Patrol.
October 19, 1996 |
A forecast calling for heavy rain and gusting winds up to 30 mph has put Game 1 of the World Series between the New York Yankees and Atlanta Braves, scheduled for tonight in Yankee Stadium, in jeopardy. If the game is rained out, Game 1 will be pushed back to Sunday night, and Game 2 will move to Monday night, a scheduled off day. If the first two games are played in New York by Monday, Games 3, 4 and 5 will be played, as scheduled, in Atlanta on Tuesday, Wednesday and Thursday nights.
June 15, 2013 |
A tarpaulin has long served campers who use it as a ground cover and a wet-weather shelter. Now Hideo Wakamatsu has upgraded the material to a more glamorous use - as luggage. Taking advantage of tarp's water resistance, durability, light weight and flexibility, the travel-ware designer has introduced a roomy 25-inch wheeled tarpaulin bag in shiny red, white, blue or black. There's no metal frame to weigh down the bag or take up precious space, and built-in straps let you cinch down the sides when you need less storage.
July 6, 2012
A list of Southern California banks that as of June 6 had not repaid all funds from the U.S. Treasury's Troubled Asset Relief Program, with missed quarterly dividend payments. Cathay General Bancorp (Cathay Bank) Headquarters: Los Angeles Assets: $10.6 billion Received: $258 million Dec. 5, 2008 Missed payments: None Status: Expects bank regulators to approve full repayment this year Comment: Chief Financial Officer Heng Chen: "We think our capital ratios are strong enough to repay.
June 22, 2010 |
Forceful government actions, including the $700-billion bank rescue fund, have created an environment where credit conditions are no longer an obstacle to economic recovery, Treasury Secretary Timothy F. Geithner said Tuesday. "Credit conditions overall, which dragged our economy into a deep recession in 2007, no longer pose an obstacle to growth," Geithner said in testimony before the Congressional Oversight Panel for the Troubled Asset Relief Program. "I don't think on the available evidence today you can say that the financial system itself is operating as a significant drag on the recovery," Geithner said.