Tags / Bailout

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Obama defends auto bailout at GM plant in Ohio

POLITICS / NEWS Tue Sep 15, 2009 @ 3:00pm neoform
CNN -- President Obama took his economic recovery message on the road Tuesday, defending the controversial auto bailout during an appearance at a General Motors plant in the heart of the struggling Rust Belt... Read More
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Economy still on government life support

BUSINESS / NEWS Wed Jul 21, 2010 @ 9:03am neoform
CNN -- The $700 billion Wall Street bailout may be winding down, but that doesn't mean the government's support for big banks and the economy at large is over. In fact, the top cop on the bailout beat says it's just the opposite... Read More
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Bailout watchdog: AIG was 'Frankenstein'

BUSINESS / NEWS Wed May 26, 2010 @ 3:01pm neoform
CNN -- An overseer of the $700 billion financial sector bailout said Wednesday that insurer AIG defied regulation, leading to a taxpayer-funded rescue that "broke all the rules.".. Read More
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State pension funds may need a $1 trillion bailout

BUSINESS / NEWS Thu May 20, 2010 @ 3:01pm neoform
CNN -- Ready for another government bailout? Taxpayers could be on the hook within the decade if current state pension system isn't reformed... Read More
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GM may be worth $67 billion. Really.

BUSINESS / NEWS Wed May 19, 2010 @ 9:02am neoform
CNN -- What's GM worth? The answer will help determine if taxpayers are able to make a profit from the automaker's bailout... Read More
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Tea Party takes aim at Fannie and Freddie

BUSINESS / NEWS Thu May 13, 2010 @ 3:07pm neoform
CNN -- A message to all of you angry taxpayers this election season with your cross-hairs trained on the likes of Goldman Sachs and JP Morgan Chase: Did you notice that Fannie Mae just trundled up to the government bailout window for another $8.4 billion, days after Freddie Mac pulled down another $10.6 billion in taxpayer funds?.. Read More
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Germany, the economic vanguard of the EU

BUSINESS / NEWS Wed May 12, 2010 @ 9:04am neoform
CNN -- Ever since the Greek crisis came into focus, German Chancellor Angela Merkel has been accused of exacerbating it by refusing to commit straightaway to a Greek bailout. As Greece's uncertain economic picturepummeled global markets that accusation gained steam. But Germany may have gained an economic advantage in dragging its feet, and even now that it has agreed to the nearly $1 trillion bailout, the country stands to reinforce its position as the strongest player in the eurozone... Read More
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European leaders to discuss Greece's financial woes

WORLD / NEWS Fri May 7, 2010 @ 3:00pm neoform
CNN -- Leaders of several European countries will meet Friday in Belgium to finalize the details on a financial bailout plan for Greece... Read More
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Auto sales, Greek bailout lift stocks

BUSINESS / NEWS Mon May 3, 2010 @ 3:01pm neoform
CNN -- Stocks rallied Monday, starting off the new month on a positive note, after U.S. automakers reported stronger year-over-year sales and European leaders agreed to provide Greece with $146 billion in aid over the next three years... Read More
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No Greek tragedy for the mighty dollar

BUSINESS / NEWS Mon May 3, 2010 @ 3:01pm neoform
CNN -- Now that Greece has finally gotten its bailout, are the days of the strengthening dollar over?.. Read More
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Greece accepts bailout package

BUSINESS / NEWS Sun May 2, 2010 @ 9:01am neoform
CNN -- Greece accepted a bailout deal including tough austerity measures, Finance Minister George Papaconstantinou announced Sunday... Read More
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Greece gets the word: Cut back, or no bailout

BUSINESS / NEWS Fri Apr 30, 2010 @ 9:03am neoform
CNN -- The International Monetary Fund and European Union are demanding further austerity measures from Greece as the price for a bailout, according to a top Greek labor union official... Read More
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My big fat Greek market bloodbath

BUSINESS / NEWS Wed Apr 28, 2010 @ 3:01pm neoform
CNN -- Europe is finally cobbling together a credible Greek bailout. But even a big wad of cash may not be enough to prevent another round of market mayhem... Read More
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EU approves bailout plan for Greece

BUSINESS / NEWS Fri Mar 26, 2010 @ 9:02am neoform
CNN -- German Chancellor Angela Merkel planned a news conference Friday after her victory in securing a bailout plan for Greece that involves funds from both Europe and the International Monetary Fund... Read More
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Bailout price tag: $109 billion

BUSINESS / NEWS Thu Mar 18, 2010 @ 9:01am neoform
CNN -- The government's unprecedented $700 billion economic bailout will actually cost taxpayers just 16% of that total, according to a Congressional Budget Office report released Wednesday... Read More
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Taxpayers may not profit from GM bailout afterall

BUSINESS / NEWS Wed Mar 17, 2010 @ 3:01pm neoform
CNN -- General Motors' new chief financial officer backtracked on a forecast by the company's boss in January that taxpayers will make a profit on GMs $50 billion bailout by the federal government... Read More
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The Buzz: How do you say bailout in German?

BUSINESS / NEWS Wed Feb 10, 2010 @ 3:01pm neoform
CNN -- Who said there was bailout rage and fatigue? Investors around the world uttered a collective cry of "Danke" and "Opa!" due to reports that Germany may rescue the shaky Greek economy... Read More
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Next in line for a bailout: Social Security

BUSINESS / NEWS Tue Feb 2, 2010 @ 3:01pm neoform
CNN -- Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system... Read More
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Bailout cop: TARP's not working

BUSINESS / NEWS Sun Jan 31, 2010 @ 3:00pm neoform
CNN -- The watchdog charged with monitoring the government's $700 billion bailout unleashed one of his harshest criticisms of the program to date, questioning its overall effectiveness... Read More
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Geithner: 'No role' in an AIG cover up

BUSINESS / NEWS Wed Jan 27, 2010 @ 3:01pm neoform
CNN -- Treasury Secretary Timothy Geithner is set to tell lawmakers Wednesday that he had no involvement in an apparent attempt by government regulators to withhold crucial information about AIG's bailout from the public... Read More
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