Tag Archives: treasury-department


Hedge Funds & ‘Open Source Intelligence’

West Palm Beach (HedgeCo.net) – Hedge funds, private equity firms are using “political intelligence” to monitor tax reform, SEC registration, TARP, TALF and PPIPs, according to the OSINT Group, a boutique advisory firm based in Washington specializing in “open source […]

Treasury gets 100 New Fund Manager Applications

West Palm Beach (HedgeCo.net) – The Treasury Department said that they have recieved 100 applications from potential fund managers interested in participating in the Legacy Securities portion of the Public Private Investment Program (PPIP). A variety of institutions applied, including […]

Treasury Is Said to Increase Its Offer to Chrysler Lenders

Herald Tribune – The Treasury Department has increased its offer to repay Chrysler’s senior lenders as part of continuing talks on how to reduce the company’s debt, a person who had been briefed on the talks said on Wednesday. The […]

Chrysler lenders offer to swap $2.5B for equity

Daily Times – Banks and hedge funds that hold $6.9 billion in Chrysler LLC debt have proposed forgiving $2.5 billion of it in exchange for about a 40 percent stake a Chrysler-Fiat alliance, according to two people briefed on the […]

JP Morgan backs out of toxic assets plan

Mail Tribune – The Treasury Department on Thursday defended the viability of its $1 trillion plan to get soured mortgage investments off of banks’ books after JPMorgan Chase’s chief executive said the company won’t participate in the program. Some analysts […]

Treasury seeks more partners for bad asset program

Norristown Times Herald – The Treasury Department is making it easier for hedge funds and other private investors to participate in its plan for buying up banks’ bad assets, an acknowledgment that the interest level so far has been lackluster. […]

US to work with Switzerland on tax secrecy

AFP – The United States and Switzerland will begin negotiations to amend their bilateral income tax treaty to provide for improved transparency, the US Treasury Department said Monday. The announcement came following Group of 20 pledges last week to clean […]

Washington’s reluctant auto bailout

CNNMoney.com – General Motors and Chrysler LLC have about a week or less before they find out if they’ll get the additional help they need from taxpayers, creditors and unions to avoid bankruptcy. What they already know is that any […]

Latest economic recovery plan hits $1 trillion

10 News – Investors will be listening closely to details of the $1 trillion toxic asset-purchase program to be announced Monday as the Obama administration seeks to provide enough information to satisfy markets and avoid the kind of stock meltdown […]

Treasury Swoops to Recoup $165 Million in AIG Bonus Payouts

New York (HedgeCo.Net) – As the national outrage over bonuses paid to AIG execs reaches epic proportions, U.S. Treasury Secretary Timothy Geithner promised the government will recoup the $165 million that was shelled out using bailout money. “We will impose […]

Geithner Bad Bank Alternative May Rely on Loans to Hedge Funds

Bloomberg – Treasury Secretary Timothy Geithner’s financial-rescue plan may be doomed if he doesn’t offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets. Creating a “bad bank” or “aggregator […]

Bank of America Receives $138 Billion of Rescue Funds

Bloomberg – Bank of America Corp., the largest U.S. bank by assets, received a $138 billion emergency lifeline from the government to support its acquisition of Merrill Lynch & Co. and prevent the global financial crisis from deepening. The U.S. […]

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