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Superior Bank received $69 million in taxpayer money in December 2008 under the financial bailout program, Treasury Department data show.
His latest move appears to expand the inquiry into executive compensation at companies participating in the government's financial bailout program.
The auto industry's immediate future may now lie with the Bush administration, which has staunchly opposed using the Treasury Department's $700 billion financial bailout program to aid Detroit.
WASHINGTON — The Treasury Department said on Friday that it had used up the first $350 billion that Congress approved for its financial bailout program.
But Mr. Geithner is scheduled to discuss it on Tuesday at a hearing of a Congressional panel that oversees the financial bailout program.
The Obama administration has begun talks with lawmakers about using unspent money from the financial bailout program to help offset the costs of spending to create jobs.
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While TARP became the most renowned of the government's financial bailout programs, it was only one of more than two dozen programs under which the taxpayers committed trillions of dollars to rescue the financial system and individual banks.
"But the more you use tactics that we recognize as getting you influence, the more you buy into the system, and the more you buy into the system, the more you open yourself up to compromise". In Occupy Wall Street's case, Heaney said demands could be as vague as simply calling for financial bailout programs to apply to individuals rather than banks.
The stimulus bill also includes limits on pay and bonuses for executives of companies that have received rescue money from the Treasury's financial system bailout program.
More than six months later -- and 100 days before the financial-industry bailout program is scheduled to stop taking applications for aid -- those rules have yet to be finalized.
Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund (IMF), deepening fears over whether it will be able to remain in the eurozone.
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