Skip to: Content
Skip to: Site Navigation
Skip to: Search
THURSDAY, NOVEMBER 26, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: bailout

bailout stories: 564 news summaries

41 - 60 of 564 Stories | << Prev 1 2 3 4 5 6 7 ... 29 Next >>

Switch to grid view »

INVESTIGATION

 GE Reaps 
 Billions From 
 Bailout Loophole 

Loophole lets company pull down $74B from FDIC

Jun 29, 09 8:09 AM CDT
(Newser) - The biggest beneficiary of the federal government's debt guarantee program, one of Washington's key bank rescue efforts, isn't a bank or a financial services company—it's General Electric, which exploited a loophole it had lobbied aggressively to insert, and reaped billions in bailout money. A joint investigation by ProPublica and... More »

MORE ABOUT:
General Electric • Treasury Department • FDIC • loopholes • bailout • financing • Wall Street bailout

Facing $24B Shortfall, Calif. Gets No Love From Feds

Washington refuses state's requests for aid

Jun 28, 09 3:16 PM CDT
(Newser) - California may be the world’s 8th-largest economy and key to President Obama’s re-election, but requests for financial aid are falling on deaf ears in Washington, Politico reports. The Golden State remains deadlocked over a $24 billion budget deficit, and many of its own officials are unsympathetic. “Why... More »

MORE ABOUT:
California • Washington • budget deficit • economic stimulus package • bailout • economy • Obama administration

Bailed-Out Bank Execs Fly Corporate Jets to Resorts

Citi, BoA, Morgan Stanley CEOs jetted off after cash infusions

Jun 19, 09 6:54 AM CDT
(Newser) - Executives at bailed-out banks are still using company jets to fly to vacation homes and resorts, the Wall Street Journal reports. The newspaper reviewed FAA records to find that banks receiving federal aid have flown top execs to locales such as the Caribbean, Aspen, and Europe. Case in point: Less... More »

MORE ABOUT:
Citigroup • Bank of America • CEO • Morgan Stanley • bank • resorts • bailout • vacation home • executives • Regions Financial • corporate jets

 Feds Reject Plea 
 for Calif. Bailout 

Aid ruled out for now as state warns of fiscal meltdown

Jun 16, 09 6:09 AM CDT
(Newser) - The federal government has rejected pleas for emergency aid from top California officials, reports the Washington Post. State officials warn that its budget crisis is approaching the point of a "fiscal meltdown" that will cause massive cuts and deepen the state's recession. But the Obama administration fears bailing out... More »

MORE ABOUT:
California • budget • budget deficit • Federal government • bailout • state budgets

 Michael Moore 
 Wants to 
 'Save Our 
 CEOs'

Teaser trailer is actually stunt for new movie

Jun 15, 09 8:24 AM CDT
(Newser) - Let the viral marketing begin. Michael Moore pulled a fast one on New York moviegoers Friday night when, instead of a conventional trailer for his new film, he appeared onscreen Will Rogers-style asking for donations to “save our CEOs,” the New York Daily News reports. Audience reactions were... More »

MORE ABOUT:
entertainment • executive compensation • Michael Moore • documentary • bailout • Wall Street bailout • financial meltdown

White House Shifts Course
on Wall St. Pay

Salary caps will be dropped, but bonus restrictions remain

Jun 10, 09 6:18 AM CDT
(Newser) - The Obama administration has scrapped plans for salary caps at banks and other firms that receive government bailout money, reports the Wall Street Journal. But congressional limits on bonuses will remain in force, and the White House will still push for major changes to executive compensation. The double whammy of... More »

MORE ABOUT:
executive compensation • bonuses • salary cap • bailout • Obama administration • Wall Street bailout • Timothy Geithner • TARP

MARKETS

 Dow Off 1 on TARP Repayment 


Jun 9, 09 3:14 PM CDT
(Newser) - The market was mixed today after the government announced TARP repayment plans, the Wall Street Journal reports. Oil surged past $70 a gallon, and the transport industry saw declines. The Nasdaq rose on hopes that electronics retail is picking up. The Dow was off 1.43 to 8,763.06.... More »

MORE ABOUT:
NASDAQ • New York Stock Exchange • Dow Jones • S&P 500 • bailout • banking industry • TARP

 GMAC Gets 
 New $7B Bailout 

Treasury could double the injection as it moves closer to majority stakeholder

May 21, 09 7:19 AM CDT
(Newser) - The Treasury is prepared to inject another $7 billion into GMAC as the first stage in a new bailout that could double to $14 billion, putting the government on a trajectory to be the majority stakeholder in both GMAC and General Motors by year's end, the Wall Street Journal reports.... More »

MORE ABOUT:
Chrysler • General Motors • bailout • GMAC • financial crisis • auto bailout

 From Ashes of Recession, 
 a Reshaped Fed Will Rise 

The Fed stands to gain some powers and lose others

May 18, 09 9:55 AM CDT
(Newser) - Among the myriad things that will be reshaped by the current economic crisis is the Federal Reserve, the Wall Street Journal reports. The steps the Fed has taken to stave off further economic turmoil have made it more vulnerable than it has been in years: If a lasting recovery takes... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • finance • recession • financial institutions • bailout • financial crisis • Economic Recovery Advisory Board

(Newser) - It's only a matter of time before major American newspapers become nonprofits, writes Simon Dumenco in Advertising Age. The idea—he himself wrote about it in 2006, borrowing from the model of the Guardian—is "an inevitability," he writes. And now that a few "suddenly panicky" senators... More »

MORE ABOUT:
newspaper • nonprofit • bailout • newspaper industry

OPINION

Tests Replace 'Uncertainty With Transparency'

Tests on the biggest banks will make raising capital, paying it back easier

May 7, 09 7:56 AM CDT
(Newser) - In an op-ed piece in the New York Times today, Timothy Geithner positions the stress tests—whose results are released officially today—as a way to restore longer-term confidence in the aftermath of the "tentative stability" achieved by the last administration. "We chose a strategy to lift the... More »

MORE ABOUT:
bailout • Obama administration • banks • financial crisis • Timothy Geithner • stress tests

Robber Told Bank He Was Fed Up With Bailouts

Gets away after SF bomb-threat heist

Apr 22, 09 3:20 PM CDT
(Newser) - Police are looking for a man who robbed a San Francisco branch of Bank of America—ostensibly out of disgust for corporate bailouts, the Chronicle reports. The man requested a meeting with a manager and told him he represented “a corporation” concerned with the bailouts—before threatening to detonate... More »

MORE ABOUT:
San Francisco • Bank of America • bank robbery • bomb • bomb threat • bailout • financial crisis

(Newser) - A snooty “confessions of bailout wife” piece has the web’s gossip-mongers in a frenzy, with New York magazine leading the way in divining the anonymous author’s identity. By process of elimination, Jessica Pressler determines, the woman behind the “eye-rolling details” of foregoing birthdays at Michelin-rated restaurants... More »

MORE ABOUT:
gossip • New Yorkers • bailout • Liz Peek • Jeffrey Peek • TARP wives

UPDATED

Geithner: $110B Left in TARP
War Chest

Treasury won't ask Congress for more; defends slack lending

Apr 21, 09 10:53 AM CDT
(Newser) - Some $109.6 billion remains in the government's $700 billion bailout, Treasury Secretary Timothy Geithner today told TARP's congressional oversight chief, Elizabeth Warren. The Treasury sec says that's plenty—he expects banks to repay about $25 billion over the next year, and won't ask Congress for more. Geithner also defended... More »

MORE ABOUT:
bailout • Troubled Asset Relief Program • Timothy Geithner • TARP • Elizabeth Warren

20 Crime Probes Launched Into Bailout Fraud

Inspector calls TARP
'inherently vulnerable' to insider trading, abuse

Apr 21, 09 6:59 AM CDT
(Newser) - Federal authorities have begun 20 separate investigations into possible fraud, tax violations, insider trading, and other criminal activities surrounding Henry Paulson's $750 billion Troubled Asset Relief Program, reports the Los Angeles Times. It's only the first round of probes, according to the bailout program's inspector general, who called TARP "... More »

MORE ABOUT:
fraud • insider trading • Henry Paulson • bailout • Inspector General • Troubled Asset Relief Program • Wall Street bailout • TARP • toxic assets

US May Avoid More Bailouts by Trading Loans for Equity

Conversion could stretch bailout fund by $100 billion

Apr 20, 09 8:54 AM CDT
(Newser) - President Obama’s economic team has figured a way to keep the banks afloat without asking Congress for more money, by converting the government's existing bailout loans to common stock, the New York Times reports. The conversion plan could stretch Treasury’s fund by more than $100 billion, but it... More »

MORE ABOUT:
Citigroup • nationalization • subprime crisis • bailout • commercial banks • financial crisis

ANALYSIS

Bank Lending Still Down 23%
4 Months
After Bailout

Journal says Treasury's tally hides damage

Apr 20, 09 8:28 AM CDT
(Newser) - Banks that received taxpayer aid to restart lending are loaning less than they did before the bailout, a Wall Street Journal analysis finds. The most recent figures available, from February, show a 23% drop in new loans from the lending level in October, when the Treasury Department kicked off TARP,... More »

MORE ABOUT:
loans • bank • Treasury Department • credit crisis • statistics • lending practices • bailout • financial crisis • TARP

Fannie Mae CEO Picked as Bailout Chief

Former Merrill Lynch prez to overhaul $700B TARP program

Apr 18, 09 6:45 AM CDT
(Newser) - Wall Street veteran and Fannie Mae CEO Herb Allison has been nominated to oversee the Treasury's $700 billion bank rescue, Bloomberg reports. If confirmed by Congress—where he's likely to be grilled on his defending of bonuses at Fannie—Allison will be tasked with deploying the second phase of the... More »

MORE ABOUT:
Fannie Mae • Treasury Department • bailout • financial crisis • TARP • Herb Allison

Bailed-Out Banks Don't
Want to Bail Out Chrysler

Lawmakers say rescued banks should cooperate in auto rescue plan

Apr 17, 09 7:44 AM CDT
(Newser) - Auto task force Steven Rattner's request that four big banks write off their $7 billion debt to Chrysler in return for nothing met with a big no from dropped jaws, reports the Washington Post. JPMorgan Chase, Morgan Stanley, Citigroup, and Goldman Sachs are seeking a better deal, but critics argue... More »

MORE ABOUT:
Chrysler • Citigroup • Goldman Sachs • Morgan Stanley • auto industry • bailout • JPMorgan Chase • Wall Street bailout • auto bailout • Steven Rattner

SEC Probes BofA for Being Mum on Merrill Bonuses

Bank may have illegally misled investors over pre-takeover Merrill payouts

Apr 14, 09 7:22 AM CDT
(Newser) - The SEC is looking into whether Bank of America violated federal law by failing to let investors know Merrill Lynch planned to pay its execs $3.62 billion in bonuses before it was taken over by BofA last year, the Financial Times reports. The regulator is reviewing the bank's disclosure... More »

MORE ABOUT:
executive compensation • Bank of America • Dennis Kucinich • Merrill Lynch • SEC • bonuses • bailout • executive bonuses

41 - 60 of 564 Stories | << Prev 1 2 3 4 5 6 7 ... 29 Next >>


from our news partners