Bailouts News
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Results of the first ever Government Accountability Office audit of the Federal Reserve in its 100 year history indicate that the bank dished out $16 trillion to most major banks, corporations and governments in what the Fed calls all-inclusive loans.
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The Missouri State Senate passed a bill which will require United Auto Workers (UAW) employees to finance, through payroll deduction for up to ten years, a tax incentive for Ford Motor Company to keep open its Claycomo, Missouri manufacturing plant.
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John Kanas, former Chairman and CEO of North Fork, believes that more than 1,000 banks are going to fail within the next two years.
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Throughout 2009, 80 banks have failed due to the recession and unemployment still continuing, which gives banks loan losses.
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In a new report, companies that Warren Buffett, the world's richest man, invested in needed Troubled Asset Relief funding.
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The recession may be in full swing but for CEO's it appears most have escaped unscathed. In 2008 more U.S. chief executives got a raise instead of losing their jobs, according to an AFL-CIO survey released on Tuesday.
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The European Union is the result of about 40 years solid work in creating a strong economic zone. The meltdown, however, is causing splits, particularly with the weak Eastern European economies calling for help, and the big guys saying “no bailouts”.
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Credit card holders are going bankrupt. People are ducking debt. Foreclosures are happening in every city. Debt is spreading. Credit is getting harder and harder to get.
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In any other country on Earth, America’s corporate cretins would be facing lengthy jail terms, bankruptcy, and be utterly discredited. Now the problem is to get them to stop redecorating their offices with bailout money.
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The new synonym for ‘destructive, useless and expensive’ is banks. After all the bailouts, all the desperate saving of financial institutions, and all the grief of the housing and investment markets, the banks are doing nothing.
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Bailouts Headlines
The leader of Greece's radical left Syriza bloc, which rejects the EU/IMF bailout, is to meet the main pro-bailout parties on Wednesday.
Despite parliament approval of austerity, obstacles remain for Greek bailout deal
Eurozone finance ministers have reached agreement on a vital second bailout for Greece
Hungary's government agrees to strengthen its central bank's independence, opening the way to an EU bailout package.
Greece agrees to the austerity measures required to gain a new bailout hours before eurozone finance ministers are due to discuss the deal in Brussels.
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Bailouts Blogs
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ABC has just released a new show – Scandal on life at a crisis PR Agency. Very interesting – what is it these...
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There is a general consensus among many political commentators that far-right groups are on the rise across Europe....
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Every month or so we find it worthwhile to take time out and review all of the insanity and idiocy that has emanated...
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Michael Charney has an interesting book out called Chasing Glenn Beck: A Personal Experiment in Reclaiming Our Hijacked...
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After observing and analyzing the first three years of President Obama's time in office, I have come to the conclusion...
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