«AMERICA and
the banking bail out were high on the agenda for party activists who got the chance to grill Labour Party leader candidate David Miliband.
Remember
the bank bail outs when people realized that simply walking away from their home loans were far easier than continuing to pay a mortgage on a house that was worth far less than they owed for it?
In 2008, the Central
Banks bailed out Wall Street, in 2018 who's going to bail out the Central Banks?
Opponents of the Icesave agreement explain that they want to appeal to the EU rules regarding
bank bail - outs and the Ecofin understanding that any agreement would preserve Iceland's economic viability.
«Why can we find millions for tax cuts and
bank bail outs and not enough for kids?»
The guiding mentality of Tony Blair - style «New Labour» policy is economic loyalty to Europe's financial centers as government spending is slashed, public infrastructure privatized and
banks bailed out with «taxpayer» burdens that fall mainly on labor.
We have distracted them with talk of
bank bail - ins and other financial gossip to keep their thinking off of what is actually a much more profound and necessary outcome: government bail - ins.
Mar 2013: Cyprus
bank bail - in.
He was opposed to
bank bail - outs, he's against HS2 — even though it's not planned to go through his Buckinghamshire constituency — and he voted against gay marriage.
As well as having their pay frozen with inflation above 5 %, public sector workers face their pensions being raided to help pay off the budget deficit caused by the recession and
the bank bail - out.
And I accept that excessive pay in banks owned by the taxpayer, and in other
banks bailed out by the taxpayer, is a problem about which any government that cares for social justice ought to be concerned.
Despite entering the crisis with a low level of public debt — roughly 40 % of GDP — and a moderate deficit compared to many European nations, the UK's ability to take discretionary fiscal action was limited by the burden of
bank bail - outs on public finances.
Labour simply had no answer, having failed to frame the circumstances of 2008 and the subsequent
bank bail - outs when it was in government and had a better chance to do so.
Fast forward to 2008, a year in which he says «even Ronald Reagan couldn't have gotten elected» and the $ 700 billion
bank bail - out was on the horizon.
How can there be «no money» for tax cuts but a blank cheque for
a bank bail - out?
Meanwhile, the USD may derive some support vs. the EUR, considering it's further ahead in the (now usual)
bank bail - out, fiscal stimulus, money printing & recovery cycle.
True, but the average
bank bail - out's usually amounts to (only!?)
«If this allegation by the ICC prosecutor is accurate, it appears that a UK high street
bank bailed out by the government is holding billions controlled by an indicted war criminal, or at the very least would be able to help trace any funds» said Robert Palmer, a campaigner with Global Witness.
It would be interesting today to ask the public in the US after the Madoff Scandal,
the bank bail - out coupled with banker bonuses, whether they trust Exxon - Mobil and Peabody COal more or less than they trust Goldman Sachs.
Not exact matches
In effect, Ottawa has
bailed out Canada's
banks in advance of any future housing catastrophe.
But Europeans will rue the day when they decided to
bail in
bank depositors and investors, instead of properly regulating and supervising their
banking systems.
The sums of money squandered on
bailing out
banks are difficult to grasp.
The debt is mostly blamed on Irish
banks, which the government
bailed out after the housing market collapsed in 2008.
Some
banks weren't able to lend for a while because of TARP,» Geshwiler says, referring to the Troubled Asset Relief Program, the federal government's program for
bailing out
banks hit hard in the financial crisis.
U.S. taxpayers ended up
bailing out big
banks and others to the tune of over $ 700 billion.
Just as critically,
banks were on the verge of collapse, and were
bailed out with billions of dollars in taxpayer money.
The government stopped short, however, of
bailing out the company as it did with major
banks during the 2007 - 09 financial crisis.
The problem isn't Deutsche
Bank in his mind, though — it's other
banks in a similar position that don't have countries like Germany to
bail them out.
Together with the European commission and the European Central
Bank, the IMF forms the troika that
bailed out Greece in 2010 and 2012 and is responsible for monitoring whether Athens is keeping to its side of the cash - for - reforms bargain.
Still, Canadian lenders have had mixed success south of the border — RBC
bailed in 2011, selling its retail
banking operations and taking a $ 1.6 - billion paper loss — and the U.S. market may not prove to be much of a buffer against a slowdown in Canada.
The Eurozone crisis could be ended tomorrow if the European Central
Bank (ECB) announced it was going to launch a mammoth campaign to continue buying the bonds of troubled members of the European Community (EC) until growth in EC output and employment
bailed them out of their debt burdens.
Most recently, limits to
banking executives» pay were imposed by the Treasury on
bailed out
banks after the 2008 financial crisis.
About a month ago, Ross and other international investors invested $ 1.8 billion in Eurobank — becoming the
bailed - out Greek
bank's biggest shareholders in another sign of growing market confidence in Greece.
Britain's
banks could cope with a «disorderly» Brexit without needing to curb lending or be
bailed out by taxpayers, the
Bank of England said Tuesday, after an annual health check on lenders.
Billions have poured into Cyprus over the past few years, but in March the EU had to
bail out the country's
banking system, resulting in a new levy on
bank deposits $ 100,000.
If it sold 1 million citizenships over the next three years at this price, it would be able to pay off all its debts,
bail out its
banks properly, allow politicians and tycoons to syphon off $ 100 billion for personal gain, and still have some cash left to buy some German tanks and frigates.
Additionally, some point to funding advantages that the biggest
banks may gain for their size and market assumptions that the government would
bail them out during another crisis, regardless of changes to the system under Dodd - Frank.
It is the German and French
banks being
bailed out - make no mistake about it.
Euro zone officials have long debated setting up a deposit insurance scheme but Germany opposes this, fearing that German taxpayers would be asked to foot the bill for
bailing out weaker
banks on the currency bloc's periphery.
Rather than scaling back the U.S. economy's over-indebtedness, for instance, the Treasury and Federal Reserve have
bailed out the
banks to save them from taking a loss on debt write - downs.
It seems reasonable to infer that creditor - nation
banks hope to be
bailed out.
Such an arrangement, known as private - sector involvement, or P.S.I., has been pushed by Chancellor Angela Merkel of Germany as a way of forcing
banks, not only European taxpayers, to foot the bill for
bailing out Greece.
(c. 21:53) «In America, President Obama and Treasury Secretary Timothy Geithner, say the economy can not survive without
bailing out the
banks, without
bailing out the debt, without making the gamblers and the cleptocrats whole on what they have taken.
If a too - big - to - fail
bank got into trouble, she wrote, the F.D.I.C. would wind it down, not
bail it out.
As Paulson, Geithner and the Federal Reserve chairman, Ben Bernanke, raced to
bail out
banks and companies like A.I.G., Bair resisted, fearing that they were being overly generous by putting the interests of bondholders over those of taxpayers.
Geithner and Obama lobbied the IMF and ECB shamelessly to
bail out Greece, simply so that it could pay bondholders, because U.S.
banks had issued credit default insurance (CDS) against Greek bonds and were on the hook for a big loss if a default occurred.
The debt deal, which came on Friday after about 19 similar summits since the start of the debt crisis (with few results), called for countries that use the euro to allows two European bailout funds to aid European
banks directly, rather than make loans to governments to
bail out the
banks.
After all, we were told at the time that if taxpayers didn't open their wallets and
bail out the
banks, we could face a complete meltdown of the global financial system and an economic fate rivaling the Great -LSB-...]
Sir Philip Hampton to exchange similar roles from
bailed out
bank to embattled pharmaceutical company at the end of 2015
Sir Philip Hampton, chairman of Royal
Bank of Scotland, is to quit his role at the helm of the bailed - out bank to take the same position at the embattled pharmaceutical company GlaxoSmithKl
Bank of Scotland, is to quit his role at the helm of the
bailed - out
bank to take the same position at the embattled pharmaceutical company GlaxoSmithKl
bank to take the same position at the embattled pharmaceutical company GlaxoSmithKline.