Content Tagged As bailout
Tagged News
-
Bernanke: Fed wrestles with size of aid program
October 15, 2010 8:24 AM
Federal Reserve Chairman Ben Bernanke says the central bank is prepared to take steps to rejuvenate the economy through the purchase of Treasury bonds but is wrestling with how big the program should be. Bernanke also says the Fed could use its communications powers to prevent the United States... more » -
Geithner: AIG has other options to repay bailout
June 2, 2010 4:24 PM
Treasury Secretary Timothy Geithner is looking past the collapse of an American International Group deal to sell off a subsidiary, saying the insurance giant has other options for paying back its $182 billion government bailout. Geithner was speaking to reporters after Prudential PLC, a British company, said it was backing... more » -
GM accelerates to quarterly profit
May 17, 2010 10:16 AM
General Motors says it rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that nearly caused its death.... more » -
Man arrested for bank bailout fraud
March 15, 2010 2:23 PM
The former president of a small community bank has become the first person ever charged with trying to defraud the bailout program Charles Antonucci was arrested Monday on charges accusing him of stealing to live a lavish lifestyle that included a Super Bowl junket. The 59-year-old Fishkill resident was... more » -
Watchdog: Bailouts created more risk in system
January 31, 2010 11:48 AM
An independent government watchdog is warning that the response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future. Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP, says the problems that led to the... more » -
Citigroup to repay $20 billion in bailout money
December 14, 2009 9:40 AM
Citigroup is repaying $20 billion in bailout money it received from the Treasury Department, in an effort to reduce government influence. The New York-based bank was among the hardest hit by the credit crisis and rising loan defaults. It received $45 billion in government support as part of the Troubled... more » -
Another taxpayer bailout? Housing agency's financial cushion sinks
November 12, 2009 10:09 AM
The Federal Housing Administration says its financial cushion has dipped to a dangerously low level but should remain above zero under "most economic scenarios." The agency, a major source of funds for first-time homebuyers, faces mounting concerns that it will eventually need a taxpayer bailout as losses grow from homeowners... more » -
Women not hopeful about green funding
October 21, 2009 10:56 AM
Wendi Goldsmith, president of a "green" design and construction firm, is no stranger to landing government contracts, but she's not expecting a windfall from the billions flowing into green businesses as part of the $787 billion federal stimulus package. Her firm, Salem, Mass.-based The Bioengineering Group Inc., recently was... more » -
Watchdog says bailout helped but at a cost
October 21, 2009 10:23 AM
The good news in a new government watchdog report is that the $700 billion financial industry bailout played a major role in rescuing the economy. The bad news is that the bailout may have cost the government credibility, sparking anger and distrust because of secrecy and confusion about the way... more » -
Wind farms expand with help of federal aid
October 20, 2009 3:52 PM
The nation's wind industry is continuing to open new wind farms with the help of nearly $1 billion in federal stimulus grant money. The American Wind Energy Association reported Tuesday that developers installed 1,649 megawatts of wind power capacity--enough to serve the equivalent of 480,000 average households--in the third quarter.... more » -
The financial meltdown, an anniversary to forget
September 13, 2009 8:37 AM
A year after the financial meltdown, Wall Street is reflecting on how close it came to the brink. Events one year ago included the fire sale of Bear Stearns, the disappearance of Lehman Brothers and the takeover of Merrill Lynch in the space of the weekend. What followed in the... more »
As Seen On News 5
