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A collection of news and information related to $700 Billion Bank Bailout (2008) published by this site and its partners.
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Government stimulus moves may have ended recession, study finds
WASHINGTON — Without the unprecedented stimulus actions by the federal government triggered by the 2008 financial crisis, the Great Recession might still be going on, according to a study by Fitch Ratings. Those incentives, however, came with a...Tags: Money and Monetary Policy, Budgets and Budgeting, Finance, Credit and Debt, Ratings
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Watchdog: Taxpayers still owed almost $133 billion from bailout
WASHINGTON (AP)— A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered.
The bailout launched at the height of the financial...Tags: Chrysler Group LLC, Companies and Corporations, Automotive Equipment, Bank of America Corp., Matt Anderson
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Tuesday Morning Coffee: A Few Housekeeping Changes.
Capitol Ideas with John L. MicekGood Tuesday Morning, Fellow Seekers. Welcome to (yet) another rainy day here in the seat of government. Before we get into the usual mix of news, headlines, gossip and half-truths you've come to expect from us, we wanted to get...... -
United Commercial bank's spectacular rise and fall
SAN FRANCISCO (AP) — The U.S. economy was stuck in a worsening credit crisis, but Tommy Wu was seemingly on top of the world during the black tie dinner the night of Nov. 29, 2007.
The Hong Kong native was being honored at New York’s Pierre...Tags: Big 3 Auto Bailout (2008), Federal Deposit Insurance Corporation, Mergers, Acquisitions and Takeovers, Fraud, Chinatown (Manhattan, New York)
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GM to Make $20 Million Investment in Fairifax Plant
General Motors is re-investing in the Fairifax Plant in Kansas City, Kan. The company plans to make $20 million worth of changes to the plant to help with their building of the Buick Lacrosse. They're adding E-assist technology which will help make the...Tags: Lacrosse, Automotive Equipment, Plant Openings, National Government, Manufacturing and Engineering
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Minnesota Politicians Rival in Iowa
ReporterThe battle for the Republican presidential nominee is heating up with two of Minnesota's top political leaders now going head-to-head to try to win Iowa's Straw Poll August 13th in Ames. Congresswoman Michele Bachmann spent the weekend campaigning, while...Tags: Tim Pawlenty, Executive Branch, Money and Monetary Policy, Michele M. Bachmann, Regional Authority
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Analysis: 'Too Big to Fail' captures the frustration of government officials and the arrogance of Wall Street leaders
Midway through the HBO docudrama "Too Big to Fail," the head of the Federal Reserve Bank of New York despairs that ordinary Americans "have no idea the whole thing is about to fall down."
He's referring not to the stock market, which already was plunging...Tags: Henry Paulson, Stress, Christopher Cox, Finance, JPMorgan Chase & Co.
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On way out, TARP watchdog takes a few more jabs at Timothy Geithner
Money & CompanyNeil Barofsky, leaving his job as watchdog of the Treasury Department's $700-billion Troubled Asset Relief Program, is taking a few shots at Treasury Secretary Timothy F. Geithner on his way out the door. Barofsky, the special inspector general for the...... -
TARP is 70% repaid after AIG makes $6.9-billion payment, Treasury Department says
Money & CompanyThe Treasury Department has recovered 70% of the money distributed under the $700-billion bailout fund after American International Group paid back $6.9 billion of the money it owed. AIG made the repayment Tuesday after selling its holdings in MetLife... -
Rep. Michele Bachmann of the Tea Party: 'We bought a bureaucracy that tells us which lightbulbs to buy'
Top of the TicketMichele Bachmann of Tea Party Express says, 'Instead of a leaner, smarter government, we bought a bureaucracy that tells us which light bulbs to buy... -
Top watchdog for the $700-billion bailout fund resigns
Money & CompanyNeil M. Barofsky, the outspoken special inspector general who has been the top watchdog of the $700-billion financial bailout fund, submitted his resignation to President Obama on Monday. Barofsky often has been sharply critical of the way the Treasury... -
How to avoid the next housing bubble
Today's question: How do we avoid another disastrous housing bubble? Increased regulation, or trust the market to price risk better next time? Previously, Mitchell and Abromowitz discussed what Washington should do about Fannie Mae and Freddie Mac, John...Tags: France, Investments, Money and Monetary Policy, Finance, Family
May 3, 2012
|Story| Los Angeles Times
Jan 26, 2012
|Story| Petoskey News
Sep 27, 2011
| Allentown Morning Call
Oct 16, 2011
|Story| Associated Press
Jun 13, 2011
|Story| WDAF
Jul 11, 2011
|Story| WQAD
May 23, 2011
|Story| Los Angeles Times
Mar 2, 2011
| Los Angeles Times
Mar 8, 2011
| Los Angeles Times
Jan 25, 2011
| Los Angeles Times
Feb 14, 2011
| Los Angeles Times
Oct 17, 2008
|Story| Los Angeles Times
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