Sentences with phrase «for bailing out banks»

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.

Not exact matches

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?

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.

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.

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.

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.

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.

«Why can we find millions for tax cuts and bank bail outs and not enough for kids?»

By «clean exit» the EU means that Greece must sell off enough of its assets to pay the ECB for the money it used to bail out bad loans of French and German banks and bondholders who financed tax evasion and capital flight to Switzerland and elsewhere for over 25 years.

«The consortium of 40 + banks (known as R3cev) which aims to do just that will inevitably develop something which: is permissioned (for users and developers like the apple app store), privatized, has fees, will not be entirely transparent to everyone, will not be open - source, it will definitely be inflationary to accommodate monetary policy of debasement and fractional reserve schemes, it will facilitate negative interest rates, central control of accounts for suspension / freezing of funds, bail - ins, bail outs, capital controls and transactions will include the identity of both sender and receiver and store that information in a centralized location for the convenience of hackers.»

When Eurozone Finance Ministers met on November 9th in Brussels, they were set to discuss a release of bail - out money in exchange for the latest reform package from Athens along with EU fiscal policy and the banking union.

But Fed officials weren't ready for the unprecedented steps, such as bailing out the giant insurer, American International Group Inc., that they soon would be taking in a tumultuous year that transformed the central bank from obscure guardian of interest rates to aggressive fighter of financial crises.

Now, governments aren't allowed to step in and bail them out, and I think that wounding down a big bank is absolutely politically toxic for any leader so faced with that choice, most leaders would just break the rules and completely undermine the banking union and that in itself could spark off bank runs as well.

So banks now want a central bank to create the money to bail them out for the bad loans they have made.

Two of the Biggest Bailed Out Derivative Banks, Citi and Merrill, Get Fined for Breaking Derivatives Rules

This stops bank failures disrupting money and payments and hence helps achieve monetary outcomes desired by the Austrian school of economics: reducing excessive state interference in the market for credit (through bank regulation, lender of last resort and bail - out) and discouraging unsustainable money and credit expansions (leading to financial crisis and depression).

for most of the period in which detroit was declining the big 3 were making big profits (of course they had to be bailed out in 09 but that was because they had become banks as much as car producers but thazts a detail)... so content «board» declining «club» seems to describe detroit pretty well to me

Taxpayers got a terrible deal from bailing out the banks and they would get another bad one for bailing out politicians.

The troika (of the IMF, European Commission and European Central Bank) overseeing the conditions for, and implementation of, Greece's bail - out programme expect ongoing austerity plans to be observed.

But neither the African governmental officials nor the private foreign banks who made the decision to loan in the first place lose out, as European and North American governments step in to provide further financial assistance for African countries as they begin to lapse on loan repayments: «In effect, public money from the governments of industrialised countries -LSB-...] helped to bail out the private creditors» (p. 33).

Those responsible for the banking scandals that necessitated a bail - out from the Troika have not yet been...

Labour could be calling for democratic public ownership of the bailed out banks guardian.co.uk / politics / 2012 /...

@KeshavSrinivasan: Banks «did their own thing» before the FDIC, so the Federal government basically said, «If we have to bail you out, we'll charge you for it (through FDIC).

Speaking on the sector's Financial Services Compensation Scheme bill from the bail out of Bradford and Bingley and the Icelandic banks, he said «what is notable... is that there has been no requirement for any government bailout of the building society sector; rather difficulties have been dealt with within the sector.

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.

But # Sterling's recovery is a reflection of the dismal weekness of the EuroZone headed for yet another crisis with Greek Debt and Italian Banks pushing for bail - outs an dimperilling Deutsche Bank.

That's why Labour needs to offer hope: a living wage, for instance; letting councils build Britain out of its housing crisis; an industrial strategy to create the renewable energy jobs of the future; turning the bailed - out banks into accountable public investment banks; tax justice; and public ownership of our key utilities.

They then come up with another bizarre statement, that «government is on trial as well as the markets» when everyone actually knows there is a need for restoring a strong positive role for government which alone was able to bail out the banks and prevent a global economic crash as well as alone having the capacity to deal with soaring energy bills and transport fares, tackle climate change, and counter the bonus greed and tax avoidance of the super-rich.

How can there be «no money» for tax cuts but a blank cheque for a bank bail - out?

«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.

The proposed tax would go into a government fund which could be used to bail out a struggling bank, for example.

Released: August 11 Cast: Robert Pattinson, Jennifer Jason Leigh, Ben Safdie, Barkhad Abdi Director: Ben and Josh Safdie (Heaven Knows What) Why it's great: In this greasy, cruel thriller from up - and - comers the Safdie brothers, Robert Pattinson stars as Connie, a bank robber who races through Queens to find enough money to bail out his mentally disabled brother, who's locked up for their last botched job.

The result of a deadly cocktail of predatory banks, hopeful middle - class people hoping to achieve the American dream, and a government more interested in bailing out the culprits of the crash than the victims, for many people this period changed what it means to succeed and survive in America.

What if, as James Patterson has campaigned for, they succeed in convincing the government that Amazon is being predatory, that traditional publishing is necessary, and the government starts protecting and bailing out big publishing like they did with the auto and banking industry and putting sanctions on Amazon?

From Michael Sesit at Bloomberg, there are four things for the central banks to do in order to avert the crises: The world's major central banks face four challenges as they strive to prevent the global financial system from unraveling and growth from stagnating: Acting in a concerted manner; improving transparency; deciding who gets bailed out and who doesn't; and making sure whatever monetary medicine is administered doesn't come with destabilizing side effects.

Home Capital Group Inc., the Canadian alternative lender that was bailed out by Warren Buffett's Berkshire Hathaway Inc., received a commitment for a new credit line from two banks as backing from the billionaire investor expires next month.

He has argued that failed banks should not be bailed out, Lehman's collapse was not a disaster, AIG should be declared bankrupt, that naked short selling is not a problem, that backdating isn't so bad, insider trading should be legal, many corporate CEOs are underpaid, global solutions are worse than local solutions, Warren Buffett is overrated, Michael Milken is a great American, the collapse of the hedge fund was not a scandal, hedge funds are over-regulated, education is overrated by the educated, bonuses at successful Wall Street's firms are deserved and possibly undersized, management buyouts are boons to the economy, Enron's management was victimized by an over-zealous prosecution, Sarbanes - Oxley should be repealed, corporate compliance culture is a disaster, shareholder democracy is overrated, hostile takeovers ought to be revived, the market is permanently moving away from public ownership of equity in corporations, private partnerships are on the rise, public ignorance is encouraged and manipulated by governments and corporations, experts overrate expertise, regulatory agencies are controlled by the businesses they supposedly regulate and Wall Street is much more fun than people give it credit for.

When Germany capitulates on how far it is willing to go to bail out its neighbors — when there's a credible TARP - like plan for European banks as well as a stabilization of LIBOR rates — equities will rocket skyward.

So, for example, the more risk - free Assets you hold the lower the Total Assets figure in the equation... well, that is until the risk - free Assets are no longer risk - free... And this is exactly how banks could boast of, say, a perfectly acceptable 9 % Tier 1 Ratio, only to end up crushed under the weight of 30 - 40 times leverage and begging for a bail - out.

For example, deposits may be safer through FDIC and other related agencies, but now banks have more of a free reign to engage in unscrupulous and unsafe business practices now that they know the government will come in to bail out them and the depositors.

ETF for India, China, Vietnam, etc.)-- Vanguard is good; I am in process of replacing the TD eFunds with Vanguard ETFs (I should have done it much earlier but they were under in my RRSP, it should have not mattered, the corresponding ETFs were low too)-- Big companies are good (McDonalds, Starbucks, Pfizer, WM) until they are not so perhaps I should get rid of them and buy more Vanguard ETFs — Buying distressed companies could be a winning proposition but have I very mixed results so better not (BP and Transocean bought after the oil spill, Nortel, BlackBerry, and Nokia — BP and NOKIA good, Transocean under not much, but under, BB very, very bad, and Nortel no comments)-- Berkshire is very good as it is a kind of ETF but what would happen after Warren Buffett (who would have thought AIG would need to be bailed out and the shareholders wiped out in the process or other cases where individuals brought companies down for example Barings the oldest bank in England)

According to the latest reports in Asia, Japan's three largest banks have decided to reject the Transport Ministry's rehabilitation plan for the troubled JAL but the country's new centre - left government is set to bail the company out.

The other thing that stands out in my memory of the story as told in the book is when Frank Stella writes a personal check for a quarter of a million dollars to post bail for Andre: «Ordover [Andre's attorney] was called back and told that the entire quarter of a million in cash could be picked up at once at Stella's bank.»

Here is a dollop of common sense: instead of bailing out the banks, above and beyond the FDIC, we should be attaching a windmill to every house where the savings in electricity will generate / pay for the mill and its installation.

Concern is growing that the credit market crisis, and the role governments are playing to bail out banks, could have a devastating effect on markets for carbon and on government support for renewable energy.

Then the spending to cut would have been war costs, tax cuts for the affluent, bailing out banks.

Bank of America (BAC), Wells Fargo (WFC), JPMorgan Chase (JPM), and Goldman Sachs (GS) were bailed out for $ 105 billion in total, which they have fully returned with $ 10 billion in collective profit for the government.