Sentences with phrase «federal bailout of»

In the heated political climate surrounding government - subsidized green energy initiatives, the company was quick to point out the that ATVM loans were initiated and approved under the Bush administration, and were completely separate from the federal bailout of General Motors and Chrysler, as well as being the smallest of the ATVM loans granted, the others being Ford at $ 5.9 billion, Nissan at $ 1.4 billion, and Fisker at $ 529 million.

Critics of President Barack Obama's federal bailout of General Motors and Chrysler have been proven wrong, Biden said, noting the help has allowed both companies to rebound.

The Tea Party surge in 2010 clarified that a federal bailout of Puerto Rico was politically untenable, and that the risk of default was very real.

The banks figure to put up an epic battle because the stakes are so large and no federal bailout of big banks seems likely in this political climate.

Instead, it is telling that many of people affected by the bankruptcy are looking for a federal bailout of the city.

Although bankruptcy would be an imperfect solution to out - of - control state deficits, it's the best option we have, at least if we want to have any chance of avoiding massive federal bailouts of state governments...

Not exact matches

With the help of government bailouts and Federal Reserve liquidity efforts, nonfinancial companies have amassed $ 1.8 trillion in cash that at some point will need to be spent.

And in an era of spectacular business crashes and federal bailouts, it still stands as a valuable cautionary tale that must be heeded.»

Some researchers warn a catastrophic cyber event triggering thousands of policy holders to file claims simultaneously could lead to insurers going bankrupt, like in 1992 after Hurricane Andrew, or require a federal bailout like in 2008.

Michigan Governor Rick Snyder told CBS» «Face the Nation» the city's problems had been 60 years in the making and he saw no prospect of a federal or state bailout.

Protecting jobs in Canada should be the highest priority for the federal government when discussing a potential bailout package with automotive manufacturers, according a web poll of 115 Canadian CEOs conducted by COMPAS Inc..

Excessive government debt will stifle economic growth regardless of whether its stashed in local or central government balance sheets and if a province's fiscal situation should become unsustainable — although that's not in the cards in the near future — it'll likely be up to federal government to foot the bill for a bailout.

However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a different effect from deficits that reflect social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.

WILMINGTON, Del. (AP)-- Four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program were convicted Thursday of fraud and conspiracy charges.

As such, facing a massive and immediate liquidity crisis, they would be in more need of a federal bailout than before the bankruptcy legislation was seriously mooted.

Promptly after, the hedge fund would lose $ 4.6 billion in four months in the aftermath of the Asian financial crisis, requiring a bailout from the Federal Reserve and various banks.

«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.

If one is alert, it is evident that the Federal Reserve and the U.S. Treasury have disposed of the need for Congressional approval, and have engineered a de facto bailout of Fannie Mae and Freddie Mac, at public expense.

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.

The Federal Reserve's Exit Strategy: Unlegislated Bailout of Fannie and Freddie John P. Hussman, Ph.D..

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.

To cure the problem, she endorsed the spirit of Mr. Paulson's Wall Street bailout, including having the Federal Housing Administration, Fannie Mae and Freddie Mac «buy, restructure and resell these underwater mortgages.»

Each of those four banks also have an outsized presence on Wall Street; each of them received taxpayer bailouts during the 2008 crash; each received secret, below - market interest rate loans from the Federal Reserve during the crisis; and three of them (JPMorgan Chase, Bank of America and Citibank) are currently holding tens of trillions of dollars in derivatives within the insured banking subsidiary — meaning there would be a forced taxpayer bailout if the derivatives blew up the bank.

Trump can't do much about the $ 75 billion the government owes Wall Street creditors on his own; it's possible that the federal government could pay off some of it, but a massive bailout won't go over well in Congress.

I've detailed some of these concerns in the 2/16/2010 comment The Federal Reserve's Exit Strategy: Unlegislated Bailout of Fannie and Freddie.

Geithner's history as New York Federal Reserve Chair, co-architect of the $ 700 billion bailout, and having a background in the International Monetary Fund means he has had a more important role than many.

This week, we received approval to draw down on the first tranche of our Bailout Funds from the Federal Government.

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.

-- That David Harmer of California received $ 160,000 in bonus and severance pay from a firm that got a federal bailout.

And this in spite of the bailout packages paid to some of the states by the Federal Government.

And then (this part is new and part of Paladino's pre-primary media blitz), the focus turns to the «former liberal Congressman Rick Lazio,» who «voted for higher taxes and increased federal spending» and «took a $ 1.6 million bonus from a huge Wall Street bank getting a $ 25 billion - dollar taxpayer - financed bailout.

(CNN)- The Democratic Senatorial campaign committee is out Saturday with a new attack ad that paints senior Missouri Rep. Roy Blunt as a symbol of Washington insider politics and condemns the Senate candidate for voting for the federal government's massive bailout of the financial industry in 2008.

But I'm sure their irresponsible behavior will be rewared by the rest of the US taxpayers in the form of a federal bailout.

We also recently learned the details of the Federal Reserve's $ 7.77 trillion bank bailout, which the banks that benefited and the Fed have spent years trying to keep secret.

Stressing that the temporary reliance of the state government on federal government bail out funds for the payment of salaries was not peculiar to the state, the statement said many others, including those controlled by the opposition PDP, had received bailout for salary payment.

There's no big bombshell in the report, which highlights — for example — the number of entities associated with the committee that received federal bailout cash from TARP (13), and the amount of campaign cash contributed from individuals and corporations involved in CSNY to Cuomo during the campaign ($ 1.8 million).

Former Senior Special Assistant to former President Goodluck Jonathan, Dr. Doyin Okupe, has urged state governors across the federation to cut down its workforce instead of begging for bailouts from the Federal Government.

McConnell claimed to have principled objections to the bill, saying that it «institutionalizes» bailouts of Wall Street and that it would give the Federal Reserve «enhanced emergency lending authority that is far too open to abuse.»

Last July, the Obama administration's «auto czar,» Steven Rattner, unexpectedly stepped down after guiding the federal government's bailout of the auto industry for five months.

You've also missed the point of the story — that the entire state, including the republican governor and the entire republican delegation in the state capitol, is waiting with baited breath for the bailout since we're nearly $ 2b in the hole and the only way out anyway can see is federal bailout dollars.

And his columns for Slate, especially about the financial crisis and the federal bailout, were smart and fiery plutocrat - populist reminders of what had made Spitzer so good as state attorney general.

«Based on the findings and observations enumerated in paragraph (5)- (viii) as well as series of facts and figures available to this Honurable House, the sum of N34, 988,990,000.00, which was approved and released as bailout loan to the State Government of Osun by the Federal Government of Nigeria in the year 2015, was judiciously utilized.»

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.

This declaration arose as a result of the fact that Osun State House of Assembly had directed some government officials and organisations to appear before it for the probe of the N34.9 billion bailout fund given to the state by the Federal Government.

«Fayose was owing one month salary when he collected the first bailout of N9.6 bn, which he diverted to other purposes known only to himself and refused to use it for salaries, pensions, gratuity and severance allowances as approved by the Federal Government.

Osun State House of Assembly on Tuesday commended Governor Rauf Aregbesola for spending judiciously the bailout loan given to the state by the Federal Government for payment of workers» salaries.

While the party attributed the suicide to the insincerity of the governor in the application of the two tranches of bailout approved by the Federal Government to pay workers» salaries, Fayose said the pains caused by the economic recession of President Muhammadu Buhari's administration was responsible for the civil servants death.

«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.»

Maintaining that the bailout is different from the regular federal allocation that can not be monitored by the allocating authority, it accused Fayose of playing with facts and the law to avoid scrutiny on how he spent the special funds specifically approved to pay backlog of salaries, pensions and other entitlements to former political office holders.

The All Progressives Congress, APC, in Ekiti State, has called on the state governor, Ayodele Fayose, to stop trying to avoid the scrutiny of the Senate Committee on Local Governments in the disbursement of the bailout cash which the Federal Government approved for the state.