From the WSJ: Three Banks Suspend Their TARP Dividends (ht jb) Treasury spokeswoman Meg Reilly said Monday that "a number of banks" that got taxpayer-funded capital under TARP are no longer paying dividends to the government. ... " Here the government has given the banks money at grea ... Read more

Most company budgets and some prepared by governments have a place to park unidentified expenses. Those amounts are a hedge against unexpected needs for capital, and are often called “rainy day” funds. Budgeting purists and accountants object to these rogue figures because, in their disciplines ... Read more

From Bloomberg: Pandit Says He’ll Repay ‘Every Dollar’ of TARP Funds Citigroup Inc. Chief Executive Officer Vikram Pandit, speaking at the company’s annual shareholder meeting, said he will repay “every dollar with interest” of funds received [from TARP]. More from the WSJ : Citigroup ... Read more

The latest entry at Crashopedia is a partial transcript of a video interview from yesterday where Congressional TARP Oversight chairwoman Elizabeth Warren reveals the astonishing fact that Secretary Paulson misled her, the public and Congress about what equity and warrants the government got ... Read more