One outcome of the TARP and other bank rescue efforts following the collapse of Lehman Brothers in September of 2008 is that the United States has essentially formalized a commitment to a “too big to fail” (TBTF) policy for major banks. This paper uses data from the FDIC on the relative cost of funds for TBTF banks and other banks, before and after the crisis, to quantify the value of the government protection provided by the TBTF policy.
The Institute for Policy Studies has been tracking our nation's astounding executive pay bubble since 1994. This year's report focuses on executive pay among the 20 financial firms that have received the most bailout money.
Graphic representations and discussion of: cumulative estimated losses to the FDIC Deposit Insurance Fund (DIF) and the quarterly assets of the DIF; FDIC bank seizures per week in 2009; and bank failures per year. Page also hosts a sortable list of all failed banks.
Pew's Financial Reform Project is working to help Congress create a fair, competitive and stable financial system for the 21st Century. The site posts Pew reports, resources, and events, and hosts a discussion forum.
Bailout Watch is the cooperative project of six core organizations: Center for Economic and Policy Research, Economic Policy Institute, OMB Watch, OpenTheGovernment.org, Project on Government Oversight (POGO), Taxpayers for Common Sense. The site is now maintained by OMB Watch as a repository for major reports on TARP and the economic bailout.
With additional support and participation by: Americans for Tax Reform, Association of Community Organizations for Reform Now (ACORN), Center for American Progress, Center for Community Change, Center for Responsible Lending, Columbia Journalism Review, Committee for a Responsible Federal Budget, Common Cause, Consumer Federation of America, Consumers Union, Fund for Constitutional Government, Good Jobs First, Institute for Policy Studies, Jobs with Justice, National Community Reinvestment Coalition, National Taxpayers Union, ProPublica, Public Citizen, Sunlight Foundation, US PIRG
Materials from this site are contributed by participating organizations and may be protected by copyright or any other intellectual property right.