Sentences with phrase «biggest taxpayer bailout»

Paulson's government position allowed him to oversee the biggest taxpayer bailout of Wall Street in U.S. history — portions of which remained secret for years, like the Fed's covert $ 16 trillion in hidden loans to Wall Street and foreign banks.

Not exact matches

Big financial firms started curtailing year - end bashes in 2008 as taxpayer bailouts, populist outrage and weak profits created an environment where lavish celebrations were frowned upon.

If all of this wasn't concerning enough, the very type of derivatives that blew up the giant insurer AIG in 2008 (credit derivatives) are making a big comeback at Citigroup, the recipient of the largest taxpayer bailout of a bank in U.S. history during the 2008 crash.

The bailout is not efficient, he writes, «because it can only deal with insolvency by buying bad assets at far above their true value, thereby guaranteeing big losses for taxpayers and providing an open - ended bail - out to the most irresponsible investors.»

The U.S. government paid these obligations at 100 cents on the dollar, despite AIG being insolvent at the time and requiring a $ 185 billion taxpayer bailout itself for making casino - like bets with the big banks.

In the wake of the Great Recession, the federal government wanted to ensure that big banks would have sufficient cash flow and wouldn't need a taxpayer bailout in the event of another economic downturn.

Ever stop to think that if the US not - so - big - anymore 3 automakers had bothered to build the smaller cars that most Americans actually buy & drive, they might not be begging the government for taxpayer - funded bailouts?

Fannie and Freddie have posted big losses the last few years from delinquent loans and already owe the Treasury Department more than $ 150 billion in taxpayer bailouts.

We need a rock - solid foundation for financing homeownership with a bigger role for the private sector, where taxpayers aren't on the hook for the irresponsible behavior or bad decisions of financial institutions and we finally put an end to an era where Fannie Mae and Freddie Mac could expect a bailout for risky behavior in pursuit of profits.

Losses on reverse mortgages were a big reason for the agency's $ 1.7 billion taxpayer bailout last year - and some experts worry it could end up in similar trouble again.