According to regulatory filings, Fannie Mae (NYSE: FNM) Chief Executive Michael Williams and Freddie Mac CEO Charles Halderman Jr. are each eligible to receive compensation for 2009 that could reach $6 million.
The two mortgage giants, which were taken into conservatorship in 2008 by the U.S. government, have seen plenty of debate over the past year [...]
All Posts Tagged With: "Treasury Department"
Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE) Execs May Earn $6 Million, Gov’t To Withdraw $400 Billion Financial Aid Cap
Treasury Department Can’t Afford to Sell Citigroup (NYSE:C) Shares
After announced plans to work with Citigroup Inc. (NYSE:C) to pay back the funds it received from taxpayers via the TARP program, the Treasury Department in a humiliating move had to back out of the deal to sell up to $5 billion of stock it has in the company on behalf of taxpayers because they [...]
December 18th, 2009 | Gary | Comments | Continued
US Quietly Concedes Billions in Tax Benefits to CitiGroup (NYSE:C)
In a move that quietly flew under the radar, The Washington Post reported today that the US government granted Citigroup (NYSE:C) billions in tax exemptions as part of a deal between the company to repay TARP bailout money. The concession is designed to help the company survive the current economic crisis despite the gigantic taxpayer [...]
December 17th, 2009 | John | Comments | Continued
Goldman Sachs (NYSE: GS) To Eliminate Bonuses For Few Senior Executives
Goldman Sachs (NYSE: GS) announced on Thursday that it would eliminate cash bonuses for a small number of top officers, opting to pay them instead in company stock options. The move only affects a small number of senior executives and is widely interpreted as a move to placate public anger, reduce the threat of potential [...]
December 11th, 2009 | John | Comments | Continued
Citigroup (NYSE:C) Waiting For Treasury to Sell Shares Before Repaying Final TARP Funds
Unnamed sources says Citigroup Inc. (NYSE:C) has become frustrated over the Treasury continuing to hold the shares which account for a 34 percent stake in the company, and until the government sells their shares in the company, it wouldn’t be able to pay back the $25 billion they still owe from the $45 billion they [...]
December 7th, 2009 | Gary | Comments | Continued
Bank of America’s (NYSE:BAC) Board of Directors to Meet Tuesday, May Discuss New CEO
The Board of Directors of Bank of America (NYSE: BAC) is slated to meet next week and may discuss a new Chief Executive Officer (CEO) to succeed the retiring Kenneth Lewis who is set to retire at the end of this year. The Tuesday meeting is a regularly scheduled one, and though no formal agenda [...]
December 5th, 2009 | John | Comments | Continued
Treasury Prices Capital One (NYSE: COF) Warrants, Taxpayers To Make $146 Million On Deal
The U.S. Treasury Department announced Friday the Capital One (NYSE: COF) warrants it is auctioning off have been priced at $11.75 per issue. The warrants have received authorization to be listed on the New York Stock Exchange under the symbol “COF WS.”
Total proceeds from the auction if all warrants are sold will be $146.5 million. [...]
Treasury Department To Auction Off Capital One (NYSE: COF) Warrants, JP Morgan (NYSE: JPM) Warrants Likely Next
The U.S. Treasury Department announced Tuesday it plans to auction off 12.66 million warrants it holds for stock in Capital One Financial Corp (NYSE: COF). The credit card company received $3.55 billion in government bailout money last year in exchange for preferred share and warrants.
Capital One has since paid back the government funds received. Now, [...]
US Treasury Set to Auction Capital One Financial (NYSE: COF) Warrants
The United States Treasury announced on Tuesday plans to auction off 12.66 million warrants to buy stock in Capital One Financial (NYSE: COF). The auction, scheduled for Thursday (starting at 8:00am EST), is the first sale by the Treasury of assets purchased under the governments’ bank bailout program whereby banks received capital injections of [...]
December 2nd, 2009 | John | Comments | Continued
Obama Administration To Push Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC) To Modify More Loans
The Obama Administration is expected to announce on Monday a renewed effort to encourage banks, including Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC) to concentrate resources and intensify their effort to modify troubled home mortgages. Increasing pressure from consumer groups, rising anger from home owners mired in limbo waiting for a decision from [...]
November 29th, 2009 | John | Comments | Continued
Battle Over Who Will Supervise American Banking System Heating Up
In what seems to be a political move to build up his political capital after being perceived as too friendly with the major banks, Senate Banking Committee Chairman Christopher Dodd (D., Conn.), has been preparing legislation which would dramatically change how the banking system in the U.S. would be supervised.
But opposition has already been mounting [...]
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says. 
This dog of a stock is finally moving in the right direction, and then "Citibank's team of equity strategists" downgrade ...