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

61 - 80 of 564 Stories | << Prev 1 2 3 4 5 6 7 8 ... 29 Next >>

Switch to grid view »

(Newser) - It seems fourth-graders have a greater store of empathy than the rest of this crisis-wracked nation. When a Houston teacher asked students how they felt about the AIG bonus scandal, it provoked the usual boos and hisses. But when she put the kids in an AIG employee’s shoes, they... More »

MORE ABOUT:
Texas • letters • AIG • bonuses • bailout • scandal • primary school • schoolchildren

 Goldman Mulls Stock 
 Offering to Repay Feds 

Hopes to repay $10B government loan

Apr 10, 09 6:54 AM CDT
(Newser) - Hoping to pay off a $10 billion government loan, Goldman Sachs may take advantage of a rising market to make a multibillion-dollar new stock offering, the Wall Street Journal reports. Employees, investors, and executives all like the idea of cutting the government’s role in the firm, which has held... More »

MORE ABOUT:
stock market • Goldman Sachs • loan • stock offering • bailout • financial crisis

Bailout Honchos Weigh Toxic-Asset 'War Bonds'

Treasury's new idea would allow private investors to profit from bailouts

Apr 9, 09 8:11 AM CDT
(Newser) - Responding to charges the bank bailout privatizes profits while socializing losses, the Obama administration is exploring creating mutual-fund-type instruments that would allow private citizens to invest in toxic assets. The bailout funds, akin to war bonds, would allow the taxpayers who funded the bailout to profit along with Wall Street,... More »

MORE ABOUT:
Treasury Department • mortgage backed securities • bailout • Obama administration • Main Street • financial crisis • Timothy Geithner • toxic assets

(Newser) - The Obama administration has devised a maybe-legal method of avoiding Congress’ restrictions on companies that accept bailout funds, including limits on executive pay and a requirement that taxpayers get an ownership stake in the firms, the Washington Post reports. To sidestep the restrictions, the administration has created special entities... More »

MORE ABOUT:
Barack Obama • Congress • executive compensation • Treasury Department • bailout • Obama administration • Troubled Asset Relief Program • Wall Street bailout • Timothy Geithner • TARP

 AIG Bailout 
 Has Failed: 
 Greenberg 

Government should focus on reducing stake, restructuring firm, former CEO says

Apr 2, 09 12:39 PM CDT
(Newser) - AIG’s former CEO told Congress today the bailout of the insurance firm has “failed” and that the government should restructure the company, the Wall Street Journal reports. At a House committee hearing, Hank Greenberg said he blamed his successors for the firm’s implosion: "I think they... More »

MORE ABOUT:
insurance companies • insurance • AIG • Hank Greenberg • bailout • financial crisis • Wall Street bailout

(Newser) - While world leaders waste bicker, the global economic crisis hurts more than your 401(k), Nicholas Kristof writes in the New York Times. The crisis will cause another 22 children to die every hour in 2009—and that’s the World Bank’s best-case scenario. So it’s really discouraging when... More »

MORE ABOUT:
global economy • poverty • World hunger • bailout • G20

Former AIG Chief Greenberg
to Testify Today

'I don't feel any responsibility,' 38-year CEO says of AIG

Apr 2, 09 8:06 AM CDT
(Newser) - Former AIG chief Maurice “Hank” Greenberg will go before a House committee on Capitol Hill today, testifying about the world-wide conglomerate that is now the most infamous culprit of the financial crisis, despite efforts by both the GOP and current AIG management to undercut his credibility. Greenberg is expected... More »

MORE ABOUT:
testimony • AIG • Hank Greenberg • bailout • financial crisis • Wall Street bailout

Obama's Auto Crackdown Worries Bailed-Out Banks

After Wagoner ousting, financials fear similar fate

Mar 31, 09 8:12 AM CDT
(Newser) - After the Obama administration kicked out GM’s boss and said two of the Big Three automakers may benefit from bankruptcy, CEOs of banks bailed out by the government are wondering if there's a bull's-eye on their backs, the Washington Post reports. The risk of such a crackdown has been... More »

MORE ABOUT:
CEO • bank • auto industry • Big Three • Rick Wagoner • Vikram Pandit • bailout • Obama administration • auto bailout • Ken Lewis

AIG's Woes Point to Larger Insurance Crisis

Federal aid may offer AIG a competitive advantage in ailing industry

Mar 30, 09 9:13 AM CDT
(Newser) - AIG’s troubles were quickly blamed on a single, obscure wing of the company, but its problems extend to its core life-insurance division—underscoring dangerous weaknesses across the entire industry and pointing to the possibility of a second financial crisis, the Los Angeles Times reports. What's more, by offering AIG... More »

MORE ABOUT:
Federal aid • AIG • bailout • American International Group • life insurance • credit rating • financial crisis

(Newser) - Nicaraguan President Daniel Ortega says the US should extend its zeal for bailouts south of the border, the Miami Herald reports. Ortega says Central America is reeling from the downturn as US manufacturing and textile plants shut down or downsize. It’s only fair, then, that the US offer a... More »

MORE ABOUT:
Joe Biden • Nicaragua • Daniel Ortega • Central America • bailout • Obama administration • President Obama

 Vandals Target Former 
 RBS Boss, Vow Further Action 

Goodwin target of public outrage over his pension

Mar 25, 09 1:10 PM CDT
(Newser) - After the Edinburgh home of the former boss of the Royal Bank of Scotland was vandalized last night, an unknown group is warning of further attacks on financial figures, the Scottish Daily Record reports. Sir Fred Goodwin has been the focus of controversy since he took early retirement—complete with... More »

MORE ABOUT:
pensions • Royal Bank of Scotland • vandalism • Britain • populism • bailout • bankers • Fred Goodwin • financial crisis • RBS

(Newser) - The IRS is challenging a series of tax-skirting deals engineered by the much-maligned AIG Financial Products unit, the Wall Street Journal reports. The deals exploited differences in international tax codes to reduce tax payments for foreign banks—many of the same banks the US government would later pay to... More »

MORE ABOUT:
IRS • AIG • Internal Revenue Service • tax code • bailout • tax haven

ANALYSIS

 Geithner Wins Over Wall Street 

Careful roll out of asset plan helps Treasury secretary get his credibility back

Mar 24, 09 4:45 AM CDT
(Newser) - The carefully orchestrated roll out of the federal plan to buy toxic assets has won Tim Geithner Wall Street's support in the nick of time, Jackie Calmes writes in the New York Times. The Treasury secretary—whose plan was slammed when the "framework" was unveiled last month—could scarcely... More »

MORE ABOUT:
Treasury Department • bailout • Obama administration • financial crisis • Wall Street bailout • Timothy Geithner • Public-Private Investment Program

(Newser) - Workers pulled down an AIG sign in New York City today as the insurer sought to rebrand itself and deflect outrage over executive bonuses, Reuters reports. The company's Manhattan property-casualty office, renamed AIU Holdings Ltd, wasn't the first to change its name since the bailout started last fall. AIG's US ... More »

MORE ABOUT:
AIG • credit crisis • bailout

(Newser) - The long-delayed rebuilding at the World Trade Center site has hit another snag. Private developer Larry Silverstein is asking for financial help from the government—specifically, the already strapped Port Authority, the Wall Street Journal reports. Sources think the agency is so eager to avoid more delays it will... More »

MORE ABOUT:
Ground Zero • World Trade Center • bailout • Port Authority of New York and New Jersey

(Newser) - Executives at government-owned mortgage giants Fannie Mae and Freddie Mac are scheduled to receive six-figure retention bonuses, but Barney Frank wants the payments canceled, MarketWatch reports. “In this troubled economy, and in this job market, it is difficult to imagine that the companies would not be able to find... More »

MORE ABOUT:
mortgage • Freddie Mac • Fannie Mae • bonuses • Barney Frank • bailout • financial crisis • financial meltdown

 State AGs Probe AIG Bonuses 

Coalition of 19 state officials demands list of AIG bonus recipients

Mar 20, 09 2:01 PM CDT
(Newser) - The attorneys general of 19 states have joined forces to investigate the bonus payments made to AIG employees, the Wall Street Journal reports. In a letter to the firm, the coalition demands a list of all employees of the financial products unit who received bonuses after the government started providing... More »

MORE ABOUT:
investigation • AIG • bonuses • compensation • bailout • attorneys general • Wall Street bailout

(Newser) - Even as Washington rails against AIG’s bonus giveaway, the insurer is quietly suing the government for $306 million in tax payments, the New York Times reports. AIG’s case hinges largely on its use of offshore tax havens, including one entity that handles executive compensation. It also says it... More »

MORE ABOUT:
lawsuit • AIG • Internal Revenue Service • tax code • bank scandal • bailout • tax haven

 Ex AIG Boss: It's Not My Fault  

Says he doesn't back retention bonuses

Mar 20, 09 8:31 AM CDT
(Newser) - AIG’s former CEO tells CBS that the bonuses now sparking national outrage would not have happened under his watch. Hank Greenberg, ousted in 2005, said he doesn’t back such retention bonuses, blamed the firm's collapse on the "stupidity" of his successors, and thinks the current CEO should... More »

MORE ABOUT:
CBS • AIG • Hank Greenberg • bonuses • bailout • Edward Liddy

(Newser) - By a 328-93 vote, the House today approved a bill that would recover most of the bonus money awarded to executives of bailout-buoyed AIG by taxing it at 90%. The measure drew significant Republican support, and some Democrats made it clear the legislation is an attempt to persuade execs to... More »

MORE ABOUT:
House of Representatives • AIG • House Democrats • House Republicans • bailout • Wall Street bailout • Earl Pomeroy

61 - 80 of 564 Stories | << Prev 1 2 3 4 5 6 7 8 ... 29 Next >>


from our news partners