Latest News
Maximizing returns on TARP investments
Jun 23 2009
Senator Warner spoke on the Senate floor yesterday about bipartisan legislation he has introduced with Tennessee Senator Bob Corker that will maximize returns on taxpayer investments into institutions that have received government assistance.
Warner, Corker Introduce Bipartisan Bill to Maximize Taxpayer Returns of TARP Investments
~ Bill creates private market trust for TARP investments, sets end-date for gov’t ownership ~
Jun 22 2009
WASHINGTON, D.C. – U.S. Senator Mark R. Warner (D-VA) spoke on the Senate floor today about bipartisan legislation he has introduced with Senator Bob Corker (R-TN) that will maximize returns of taxpayer investments into TARP (Troubled Asset Relief Program) assisted institutions. The bill provides for a responsible exit strategy from government ownership of TARP-recipient companies, such as AIG, Citigroup, and General Motors.
A better way to prevent systemic risk
Jun 17 2009
Senator Warner spoke on both Bloomberg TV and MSNBC's Morning Joe today about his idea to empower an independent council, rather than giving the additional responsibility to the Federal Reserve, to regulate systemic risk -- "the kind of thing that we couldn't necessarily predict," he said, such as the mess at AIG that played such a major role in the financial industry's near-collapse last fall.
Regulating "Too Big To Fail"
Jun 16 2009
Senator Warner took to the Senate floor today to express his concerns about plans for the Federal Reserve to regulate financial institutions considered "too big to fail."
Warner on Bloomberg TV
Jun 05 2009
Senator Warner appeared on Bloomberg Television on June 4, to discuss how before the government begins accepting repayments from financial institutions that have received TARP funds, Senator Warner said that he want to make sure the taxpayers, who are in effect investors in these companies, receive the best deal for their dollar.
Questioning Geithner on AIG
May 20 2009
During today's Senate Banking Committee hearing, Senator Warner said he is "very troubled" with the government's open-ended involvement with AIG and questioned Treasury Secretary Tim Geithner about his apparent lack of flexibility in reducing payments to the AIG "counterparties" -- those AIG investors who will get 100 percent of their money back.
A shout-out to small business
May 20 2009
Senator Warner gave a loud "shout-out" to small businesses in an appearance on MSNBC's The Ed Show on Tuesday night, urging the White House to move more quickly in rolling-out promised programs and funding to help business owners in this challenging economy.
Reacting to the stress tests
May 07 2009
Senator Warner says it appears the long-awaited results of the “stress tests” performed on leading U.S. banks are more positive than many had expected. The tests reportedly have concluded that the nation’s 19 largest banks have enough capital in reserve but may need to strengthen their holdings to absorb potential future losses.
Too big to fail?
May 06 2009
During this morning’s Banking Committee hearing on how to regulate banks and other financial institutions considered “too big to fail,” Senator Warner asked Shelia Bair, chairman of the Federal Deposit Insurance Commission, about the results of the bank “stress tests,” the results of which will be released tomorrow.
Senator Warner on the radio
Apr 30 2009
Senator Warner visited with Tommy & Rumble on Norfolk’s FM99/WNOR this morning, and their fun and wide-ranging conversation touched on President Obama’s first 100 days, Senator Arlen Specter’s switch from Republican-to-Democrat, and the bipartisan TARP Transparency Act introduced by Senator Warner earlier this week.
