Sentences with phrase «in federal bailout»

A case in point is the Treasury Department's press release touting its decision to permit «10 of the largest U.S. financial institutions» to begin repaying $ 68 billion in federal bailout money.

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.

The bank received over $ 12 million in a federal bailout.

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.

That stellar performance was a remarkable feat considering the government - sponsored mortgage company was still repaying its federal bailout from the recession, only settling its tab in 2014 — and the stock's rise was mostly due to the fact that the shares had begun 2013 trading for mere pennies.

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.

The financial crisis has been so devastating for auto manufacturers that management teams in both Canada and the U.S. have approached federal governments for bailouts.

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..

In mid-December, it announced that it was considering applying for a federal bailout, then a few days later sacked its top executives.

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.

Though on a smaller scale and in a subtler manner, it has in many ways taken a page from the United States Federal Reserve's playbook for the 2008 financial crisis, which has been roundly criticized in Europe as a reckless bailout that risks setting off uncontrolled inflation.

In this op - ed, Environmental Defense Fund's Dick Munson explains how FirstEnergy's federal bailout request poses a serious threat to competitive, clean energy, and why FirstEnergy's attempts to block the sun and stop the wind present an existential threat.

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.

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.

Four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program have been convicted on 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.

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.

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.

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.

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.

Mitt Romney has gotten more corporate welfare from the federal gov» t for his bailouts and who knows what else, than the average person would get in a lifetime.

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.

(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.

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).

The state government had summoned the labour leaders in the state following Federal Government's recent bailout, directing them to suspend the strike since the FG had rescued the state and that in no distant time, fund would be available for salaries.

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.

«Yet those governments were the brains behind bailout fund that you have collected, they did the projects that Federal government paid for in your time.

Jimmy Vielkind has reported that Lazio was paid a $ 325,000 salary and $ 1.3 million bonus for his work for J.P. Morgan in 2008 — the same year the firm received federal TARP bailout cash, which it later paid back.

«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 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.»

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.

In May, a federal appeals court said that Greenberg's Starr International Co, a big AIG shareholder, had no legal right to challenge the bailout.

«As the 2nd most conservative member of the New York State Assembly in rankings by the New York State Conservative Party and the # 1 Legislator in scoring by Unshackle Upstate, a New York reform organization, I know we need to slash federal spending, balance the budget, end the bailouts, take leftover money from the Obama stimulus package to pay down the deficit and support repealing Obamacare.

But candidates may have to revise their ambitions and spending plans in the wake of the $ 700 - billion federal fiscal bailout, which promises to put a massive dent in taxpayers» pocketbooks.

In its Pledge to America, the incoming Republican leadership of the House of Representatives has vowed to cut federal spending to the levels it stood at before President Barack Obama's economic stimulus measures and the bank bailout.

In its «pledge to America ``, the incoming Republican leadership of the House of Representatives has vowed to cut federal spending to the levels it stood at before President Barack Obama's economic stimulus measures and the bank bailout.

I know the «experts» at the Federal Reserve with their Keynesian economic approach to government «stimulus» and bailouts have been completely wrong in their analysis and prescriptions for the financial crisis.

Schools that receive federal aid for disadvantaged students and that consistently fall short of the goals set under No Child Left Behind are subject to increasingly severe penalties, beginning with the bailout provision offered parents after two straight years of shortfalls in either one of the two subjects currently covered by the law: math and reading.

First Akerson's, and now Barra's tenure at the top represents a stabilization of the new General Motors that emerged out of a federal government - led bailout and bankruptcy in July 2009.