Sentences with phrase «financial bailout by»

Greece has been unable to form a coalition government since voters gave support to political parties that want to cancel or renegotiate the terms of a massive financial bailout by international lenders that requires harsh austerity measures.

Not exact matches

Marks concludes his letter by citing his colleague Jay Wintrob who joined Oaktree from AIG, the insurance firm that famous required a government bailout during the financial crisis.

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.

Even though the traditional auto industry had endured its own near - death experience during the financial crisis, by 2010 General Motors had staged its own IPO, returning to the public markets after a government bailout and bankruptcy.

Chinese officials signaled their willingness to contribute as much as 100 billion euros to the European Financial Stability Fund, or possibly a new bailout mechanism set up by the International Monetary Fund.

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.

The other, led by Sens. Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio, said the bill catered too much to the banks that contributed to the financial crisis and would increase the likelihood of future taxpayer bailouts.

That mega bank started as a financial supermarket that Rubin helped to make possible behind the scenes in the Bill Clinton administration, followed by a giant crash and the largest bank bailout in U.S. history from 2007 to 2010.

During his tenure as chairman, Bernanke was acutely aware of the public's deep resentment of the Fed's emergency bailout of financial giants such as AIG as well as policies that inevitably favored the wealthy by spurring the stock market.

Living wills aim to end bailouts of too - big - to - fail banks by showing how they would liquidate themselves without imperiling the financial system.

By effectively creating financial utilities, this regulation puts taxpayers at risk of shouldering yet more bailouts.

The European Union's financial affairs commissioner, Pierre Moscovici, said a debt relief deal could be ready by the summer of the current bailout review is successful.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

However, after enormous bailouts of the largest financial institutions in the country, as well as the auto industry, and even more monetary ease than in 2003 (accompanied by TARP, the stimulus plan, QE, and QE2); we started another cyclical bull market within the secular bear market.

This authority is a wholly rational response to the gaping hole in our financial architecture evinced by the catastrophic Lehman failure, where policymakers» only alternatives were uncontrolled bankruptcy or taxpayer - financed bailout.

Against a background of deepening recession and technical insolvency, Greece's banking sector is being propped up by a $ 16 billion bailout from the European Financial Stability Facility.

Also at 11:30 a.m., members of the Stop the Cuomo Tax coalition and other advocacy leaders mark the passage of one year since the state PSC voted to approve Cuomo's estimated $ 7.6 billion bailout by releasing new figures that detail the financial hit to ratepayers to date, LCA pressroom, state Capitol, Albany.

But despite the financial incapacity, MASLOC, through its Chief Executive, Steve Amoah, is strangely providing a bailout for the company by giving it a Letter of Comfort to enable it go in search of a loan to procure the multimillion dollar over-aged vehicles contract.

That «need» has never been substantiated by an open, public review of financial documents, which lawmakers would have likely demanded before signing off on any bailout.

The claim — by del Lago Resort & Casino — comes as the Rochester developer who owns the casino, located between Rochester and Syracuse, was in Albany Tuesday looking for a state financial bailout of some kind as part of the state budget under discussion at the Capitol.

I can't think of what's more nasty than leaving whole generations in an astonishingly perilous state - from our young people who'll have to bear the burden of the financial bailout to the retired and about to retire who've had their pensions firstly stolen by Brown and now decimated by his failed policies.

I suppose that the film's financial lessons are occasionally enlightening and interesting, but they seem better - suited for a documentary by Stone about the 2009 bailout, or would have been better - served in a movie that more effectively merged all of these tectonic shifts with character development that the filmmakers cared equally about.

Yes, I know the company is still being shunned by many institutional investors because many of them were burned during the financial crisis of 2008 when the Treasury took a majority equity position during the bailout.

Elizabeth Warren, the Harvard Law School professor who has been very much in the limelight this year for chairing the Congressional Oversight Panel overseeing the TARP bailout program and for originating the idea of a federal consumer financial protection agency, has been named Bostonian of the Year by The Boston Globe.

U.S. financial markets were little moved by the data amid worries Spain's reluctance to ask for a full - blown bailout would prolong Europe's debt crisis.