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WASHINGTON (CNNMoney.com) — While bailed-out Wall Street is back on its feet and making profits, Main Street banks have gotten little to no boost from taxpayer bailouts, a watchdog panel said Wednesday.

The Troubled Asset Relief Program’s help has made little difference for small banks, according to the latest report by the Congressional Oversight Panel. The panel also warned that taxpayers could remain on the hook for small bank bailouts for years to come.

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NEW YORK (CNNMoney.com) — The federal government could have pressed the private sector to help rescue AIG when the company was on the verge of collapse in September 2008, a government watchdog has found. Instead, it let Wall Street off easy.

The government’s $182 billion bailout of the global insurer has left taxpayers holding the bag, while ensuring that all of AIG’s creditors and business partners are paid in full, said a Congressional Oversight Panel report released Thursday.

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WASHINGTON (CNNMoney.com) — The Senate on Thursday passed the most sweeping regulatory overhaul of the financial system since the New Deal.

The bill, which passed 59-39, imposes more oversight and stronger capital cushions for the largest banks and Wall Street firms, while aiming to stop bailouts, shine a light on complex financial products and strengthen consumer protection.

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NEW YORK (CNNMoney.com) — What the heck happened to the FHA’s loans in Florida?

The state dominates the list of troubled metro areas for Federal Housing Administration-insured mortgages. In fact, 16 of the top 25 locales with the highest default rates are in Florida, as of December, with tiny Punta Gorda on the Gulf Coast leading at 22.7%.

What are they going to do with the money they made from the bailout? They will do something silly and not put it where it is needed. Just at a time they could pay back Social Security  the money they took from it, and now they are in trouble financially.
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Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue.

The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources.

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WASHINGTON – Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won congressional approval Wednesday in what Democrats hope is just the first of several election-year measures aimed at boosting hiring.

The 68-29 bipartisan vote in the Senate sent the legislation to the White House, where President Barack Obama was expected to sign it into law Thursday. Eleven Republicans voted for the legislation, an impressive tally considering the politically charged atmosphere on Capitol Hill.

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NEW YORK (CNNMoney.com) — The watchdog charged with monitoring the government’s $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness.

In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures — two key aims of the sprawling program.

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New York (CNNMoney.com) — The White House is considering a tax on financial institutions to ensure that taxpayers who bailed out banks get paid back, a senior administration official said Monday.

The law that created the $700 billion Troubled Asset Relief Program empowered the president to ask Congress to recoup money if bailouts were not paid back in full.

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NEW YORK (CNNMoney.com) — GMAC Financial Services will receive a third round of bailout funds from the U.S. Treasury Department and the government will have a controlling stake in the company, according to a government report Wednesday.

The troubled auto and mortgage lender will collect $3.8 billion of additional aid on top of the nearly $13.5 billion already received since December 2008, the Treasury said in a statement Wednesday.

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WASHINGTON – The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac.

The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, and a senior Treasury official said losses are not expected to exceed the government’s estimate this summer of $170 billion over 10 years.

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WASHINGTON – The Obama administration is setting aside $30 billion from the financial bailout fund for a program designed to encourage lending to small businesses to aid the economic recovery.

An internal document obtained by The Associated Press spell out how the Treasury Department plans to spend money from the fund before it expires in October 2010. The document show $40 billion would go to consumer and business lending programs.

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NEW YORK (CNNMoney.com) — Wells Fargo said Monday it has reached an agreement with the government to return $25 billion in bailout money it received during last year’s financial crisis.

The San Francisco-based bank said repayment of the funds is contingent on a $10.4 billion common stock offering.