At a Congressional Oversight Panel hearing Thursday, panelists tried to find out why Treasury Department officials initially determined that Citigroup Inc. was healthy enough to participate in TARP in October 2008 - only to decide a few weeks later it needed another round of emergency funding ... Read more

Webster Financial Corp., the holding company for Webster Bank, N.A., has received Treasury Department approval to repurchase $100 million of preferred stock it sold to the government through the Troubled Asset Relief Program in November 2008.   Unlike the majority of TARP recipients ... Read more

Another investment group has been approved to partner with the Treasury Department in buying distressed housing-related assets. RLJ Western Asset Management LP is the latest of seven investment groups to join the Public-Private Investment program. The partnership is controlled by Robert L. Johnson ... Read more

It's been an exciting week for America's schools. First there was the President's address to students and the attendant  folderol . Now government money men are getting in on the education act. On Thursday, the Treasury Department released its analysis of 5 ... Read the full post ... Read more

From the Detroit News: Feds to inject $7.5B more into GMAC (ht jb)The Treasury Department is preparing to announce as early as today that it will invest an additional $7.5 billion in GMAC LLC in a deal that could allow the U.S. government to hold a majority stake in the Detroit-based auto finance ... Read more