WHERE’S my bailout? Many Americans — the out of work, the underwater, the plain fed up — have been asking that question since big banks and automakers received all those taxpayer-financed rescues in 2008.
Read More
Posts Tagged ‘BAILOUTS (Finance)’
WHERE’S my bailout? Many Americans — the out of work, the underwater, the plain fed up — have been asking that question since big banks and automakers received all those taxpayer-financed rescues in 2008.
Read More
June 13, 2012 Tags: AUTOMOBILE industry -- Finance, AUTOMOBILE industry -- Subsidies, BAILOUTS (Finance)
Category: Articles No Comments 
The author discusses what he considers to be hypocritical actions by wealthy U.S. Republicans such as the billionaire businessman Joe Ricketts, former baseball pitcher Curt Schilling, and Republican presidential candidate Mitt Romney, who claim to want to reduce government spending, but accept government bailouts for their businesses. Topics include Ricketts’s management of the Chicago Cubs, Schilling’s unsuccessful 38 Studios, and the bankruptcy of GST Steel under Romney’s management.
Read MoreJune 10, 2012 Tags: BAILOUTS (Finance), GOVERNMENT spending policyPOLITICAL activity, REPUBLICANS, RICH people
Category: Articles No Comments
The article presents information on the bailout of the U.S. automobile industry under U.S. President Barack Obama. The author discusses the success of the bailout in relation to the U.S. economy, the amount of bailout funds that have been repaid, and the profits made by the U.S. automobile industry between 2008 and 2012.
Read MoreApril 16, 2012 Tags: AUTOMOBILE industry, BAILOUTS (Finance), PUBLIC spendingECONOMIC conditionsUNITED States -- Economic conditions -- 2009-
Category: Articles No Comments
The article discusses the ways in which corporate turnarounds fail to gain traction, focusing on the U.S. automobile manufacturer General Motors (GM) and its performance after it was infused with capital by the U.S. government in the late 2000s. Topics include GM’s initial public stock offering (IPO) in 2010, comments by serial entrepreneur Jeff Stibel regarding the intransigence of companies to reorganize to accommodate market conditions, and the corporate culture that leads to failure.
Read MoreMarch 1, 2012 Tags: BAILOUTS (Finance), CORPORATE culture, CORPORATE reorganizations, CORPORATE turnarounds, EVALUATION, GOING public (Securities)
Category: Articles No Comments
The article reports on the possibility of the U.S. Federal Housing Administration (FHA) needing a taxpayer bailout totaling hundreds of billions of dollars as the agency’s insurance funds were depleted dramatically.
Read MoreMarch 1, 2012 Tags: BAILOUTS (Finance)
Category: Articles No Comments
The article presents the author’s opinion that the International Monetary Fund (IMF) is an enemy of the people and should not receive additional funding from member countries. The IMF wants Hungary, which has been negotiating a bailout with the European Union and IMF, to eliminate its flat tax policy on personal income. An argument is made that supports a flat tax policy and a low corporate income tax rate.
Read MoreFebruary 27, 2012 Tags: BAILOUTS (Finance), CORPORATIONS -- Taxation, FISCAL policy, FLAT-rate income tax, TAXATION
Category: Articles No Comments
The article contends that the economic recovery plan of U.S. President Barack Obama was largely founded on placating the gods of the markets he did not totally comprehend. Obama allegedly gambled that a bailout of Wall Street would be adequate. In spite of this presidential appeasement, banks reportedly have done not more but even less lending, slashing it by 4.1%. In addition, recent data suggest that the government’s other efforts to appease American business, such as the offers from an 800 billion U.S. dollars stimulus plan, do not seem to be working.
Read MoreJuly 8, 2011 Tags: BAILOUTS (Finance), ECONOMIC recovery, PRESIDENTS -- United States, STOCK exchanges
Category: Articles No Comments
The article discusses the net cost to the U.S. Treasury Department of its Troubled Asset Relief Program (TARP). Out of $411 billion distributed under TARP to such parties as car maker General Motors and insurance company American International Group, the Treasury has recouped $308 billion, and values the outstanding remainder at $130 billion.
Read MoreJune 11, 2011 Tags: BAILOUTS (Finance)
Category: Articles No Comments
An interview with Gretchen Morgenson, co-author of the book “Reckless Endangerment: How Outsided Ambition, Greed, and Corruption Led to Economic Armageddon,” is presented. She talks about the decisions made by the executives and government officials of the Federal National Mortgage Association (Fannie Mae) that contributed to the mortgage meltdown of 2008. She explains how to prevent more government bailouts in the future.
Read MoreJune 10, 2011 Tags: AUTHORS, BAILOUTS (Finance), FINANCIAL crises, INTERVIEWS
Category: Articles No Comments
The article discusses Greece’s finances. A 2010 bailout envision that Greece would be able to fully access credit markets by the year 2013, an outcome that does not look likely. Although Greece could legally restructure much of its debt, the author believes that political considerations will prevent Greece from gaining relief by extending the maturity of its loans.
Read MoreApril 23, 2011 Tags: BAILOUTS (Finance), DEBT, DEBT reliefGREECE -- Economic conditions -- 1974-, LOANS
Category: Articles No Comments