Sentences with phrase «half of the bailout money»

The tense negotiations over Greece's debt come as the Greek government struggles to find a consensus to pass the budget reforms demanded by its so - called troika of lenders — the European Central Bank, European Union and International Monetary Fund — in exchange for releasing the next installment of bailout money, a 30 billion euro ($ 38.3 billion) payout scheduled to be released in March.

Half of the bailout money effectively went in the front door of AIG and then out the backdoor to the big Wall Street banks and hedge funds that had used AIG as their counterparty to guarantee their bets on Credit Default Swaps.)

In his September 30, 2011 letter to Administrator Jackson, 37 Chairman Issa notes three circumstances suggesting that the Obama Administration tied its offer of bailout money to automakers» participation in the agreement:

«She's pushed for transparency in the Fed, is openly furious about the misuse of bailout money, and seems to take personally the chicanery that credit card companies and banks use to game the suckers out there,» Taibbi argues.

Not exact matches

Speckhard argues that Europe could, for far less money, loosen some of the terms of Greece's bailout and give the Greek people time to realize that Syrzia can't deliver on its populist promises and remain a member of the Euro currency.

Lord Turner, the former head of UK banking watchdog, has sparked controversy by warning taxpayer money will still need to be used to fund bank bailouts across Europe.

Macron has said he hopes to pool liability for various kinds of debt: a completed banking union would ensure bailout costs for individual financial institutions would be distributed across the continent rather than borne by individual countries, and the so - called Eurobonds would allow national governments to borrow money against a joint continental credit rating.

The eurozone's central bankers, as well as some of the less charitable politicians in the region's lending countries, say Spain must first request that money from the central bailout funds and agree to stringent conditions in return for support.

India, Brazil and China all expressed misgivings about the original bailout in 2010 and - on the basis of the debt sustainability analysis - will see the latest plan as throwing good money after bad.

But over the last 40 years, every British minister has done what our bosses (usually their former classmates at Oxford and Cambridge) tell them to do: keep income tax rates low, make evasion easy with a ton of loopholes, turn a blind eye to our bonuses and our market - rigging, hand over tens of billions of pounds in bailout money when necessary, and pass the check to those mythical non-Londoners in their seaside retirement homes and Amazon logistics centers.

Hot money has also been pouring into Denmark as the Danish krona offers investors the chance to park assets in a European country without the risk of Denmark having to bailout the likes of Spain or Greece.

«It's not so much about the funds, the Europeans have enough money to lend to Greece,» an official close to the bailout talks, who asked to remain anonymous due to the sensitivity of negotiations, told CNBC earlier this week, adding that the issue is more of credibility.

But those average scores actually hide impressive improvements, he adds, because of how low public opinion sank — particularly for Chrysler and GM, which both took government bailout money.

Under Mulally's «One Ford» strategy, the company was the only one of the big three U.S. automakers to sidestep bankruptcy and not take any money from the government's massive TARP bailout program.

Their last act before the bubble bursts is the time - honored practice of taking the money and running — paying themselves as large bonuses and salaries as corporate treasuries (and public bailouts) allow.

Hensarling and other Dodd - Frank critics have called that ability — known as «orderly liquidation authority» — a bailout, even though any taxpayer money used is supposed to be recouped from the sale of the company's assets or an assessment on the financial industry.

That is the point at which banks demand bailouts — giving them the money, rather than giving the economy the revenue to spend and pull itself out of depression.

Bailouts in 28 countries since September 2008 have totaled approximately $ 1.5 trillion, a huge sum of taxpayer money that has put pressure on banks to improve their balance sheets and their performance.

As Philip Stoddard, mayor of South Miami, said of the prospect of bailouts for homeowners who wait too long to sell: «There isn't enough money.»

«All of our plans on disaster recovery are premised with the federal government coming in with a big chunk of short - term FEMA money and then a big chunk of long - term bailout money,» said Edward Richards, director of the Louisiana State University Climate Change Law and Policy Project.

On Bloomberg television last week, James B. Lockhart III, the former head of the Federal Housing Finance Agency (Fannie and Freddie's regulator) commented on the bailout funds already provided to Fannie and Freddie, saying «Most of that money will never be seen again.

If I were thinking about purchasing GECC's debt, I would first ask myself the following question: In the event that GECC were on the verge of a debt default and a bailout by the parent company would require a sum of money that would put undue hardship on GE, would GE guarantee GECC's debt?

During that time, Paine and his crew captured the ups and downs of electric vehicles» development amid the Great Recession — when GM went bankrupt and its executives made the blunder of flying to Washington, D.C., in private jets to seek federal bailout money; when Tesla Motors almost missed payroll, having built only 100 cars and spent $ 100 million; and when Nissan chief Carlos Ghosn was grilled by the press about the $ 6 billion gamble he was taking on the Leaf.

«It was eventually revealed that major Wall Street banks, foreign banks and hedge funds received more than half of AIG's bailout money ($ 93.2 billion).

The banks should be nationalized, at least temporarily, and every person and institution involved (otherwise known as the elite banksters and politicians who served and supported the government and «quasi» government decisions) in each of the bailouts and heists of the taxpayer's (i.e. the «common» mans) money, should be divested of their personal assets and earnings and put in a stockade for public viewing, smack dab in the middle of Wall Street, to be pelted with rotten vegetables.

Then the housing crash happened and the Fed cut interest rates to actual zero, keep them there for 7 years and does something like 3 trillion dollars in quantitative easing, which is basically printing money and then using that new money to buy assets from the banks which is the kind of backdoor bailout essentially the Fed doing a kind of cash for trash for the Wall Street banks.

Although a bailout involves the use of force taking tax money and using it to shore up an enterprise that no one will support voluntarily it is psychologically the opposite of an attack.

The theory is that giving public guarantees and bailouts will enable financial managers to use some of the money to fund some projects that employ people — with newly created, non-unionized companies, presumably.

Despite a last - minute wrangle over pensions, Greece is likely to get the next chunk of the money due under its current bailout plan.

Yet the recent fiscal stimulus law restricted H - 1B visas, granted to foreigners with advanced education and skills, for employees of firms that receive TARP (bank bailout) money.

The Wall Street bailouts, needless wars, climate destruction have all occurred because powerful people making a lot of money from these enterprises.

They did return the money from the bailout loan, almost all of it.

The court - validated Chairman of Trade Union Congress (TUC), Kolawole Olaiya, urged the EFCC to probe the whereabouts of the N9.6 billion bailout money released for the payment of workers, pensioners and past political office holders.

Following reports that the del Lago Casino & Resort in Seneca County is struggling with revenue and is seeking a bailout from the state, Sen. Joseph Griffo sent a letter to Cuomo and the state Budget director, indicating he doesn't believe a bailout is appropriate use of taxpayer money.

In a letter to Congress on Tuesday, New York Attorney General Andrew Cuomo confirmed that AIG paid 73 employees bonuses of more than $ 1 million each this year after it received federal bailout money.

He said though the funds were normal entitlements of the state coming in forms of excess crude, bailouts and Paris Club refunds, Osinbajo said the money has helped the states in small measure to settle most of their financial challenges.

For a second year in a row, the PSC has deeply slashed the amount of renewable energy that utility companies are forced to buy under Cuomo's Clean Energy Standard, casting further doubt on the governor's goal of having renewables supply 50 percent of the state's electricity by 2030, while reinforcing the program's status as primarily a bailout for money - losing upstate nuclear plants.

The city of Albany is getting support for a $ 12.5 million bailout from Gov. Cuomo after he initially didn't include the money in his budget proposal.

Tory MPs have reacted with concern to the terms of a bailout of Cyprus» banks which will see up to 9.9 % of depositors» money confiscated as part - payment for the rescue.

Eurosceptic backbenchers have secured a pledge from David Cameron not to put any British money towards the bailout of Greece.

While he hasn't disclosed all his finances, Lazio confirmed that in 2008 and 2009 - a period in which the firm accepted $ 25 billion in federal bailout money - he earned a total of $ 2.1 million in salary and bonuses.

«The last bailout of N8.8 bn he collected, Fayose fixed N5.3 bn of this money in Skye Bank so that he can benefit from the interest that will accrue on the deposit while the remaining N3.2 bn is in the JAC Account, even as he has refused to pay the beneficiaries of the bailout as approved by the Federal Government.»

«A lot of these banks got bailouts, they got taxpayer money, and the assumption was that they would be flexible, they would be amenable to allowing people to modify their mortgages and that this would ease the rate of foreclosures and help people remain in their homes,» he said.

But that didn't go anywhere because of stiff congressional opposition to using money from the TARP bank bailout fund.

«As the 2nd most conservative member of the New York State Assembly in rankings by the New York State Conservative Party and the # 1 Legislator in scoring by Unshackle Upstate, a New York reform organization, I know we need to slash federal spending, balance the budget, end the bailouts, take leftover money from the Obama stimulus package to pay down the deficit and support repealing Obamacare.

A chieftain of the All Progressives Congress in Bauchi State and former Minister of Police Affairs, Dr. Ibrahim Lame, has called on President Muhammadu Buhari to stop giving bailout funds to state governments, advising, however, that the money be judiciously used in executing some projects in states.

State taxpayer money directed toward the Landmark Theatre, Upstate Medical University's Cord Blood Bank, and a recent bailout of Centro's bus services all come with his advocacy.

In Montana, the state education department kept the money instead of dishing it out to three failing school districts that had received bailouts before and were still drowning.

CHICAGO — Illinois Governor Bruce Rauner said on Monday he intends to block money earmarked for Chicago Public Schools» (CPS) teacher pensions under recent legislation because he feels it is too much of a «bailout» for a badly managed system.

The film offers more in the way of storytelling and explaining than a clear path forward — but urged the kind of political will that found money for three concurrent wars, the bailout of investment banks, or the project that sent Americans to the moon.