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.
We would been a lot better of, if instead we decided to give a $ 100,000 dividend to every income tax payer instead
of bailing out the banks.
Labour could be calling for democratic public ownership
of the bailed out banks guardian.co.uk / politics / 2012 /...
Not exact matches
In effect, Ottawa has
bailed out Canada's
banks in advance
of any future housing catastrophe.
The sums
of money squandered on
bailing out banks are difficult to grasp.
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.
U.S. taxpayers ended up
bailing out big
banks and others to the tune
of over $ 700 billion.
Just as critically,
banks were on the verge
of collapse, and were
bailed out with billions
of dollars in taxpayer money.
The government stopped short, however,
of bailing out the company as it did with major
banks during the 2007 - 09 financial crisis.
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.
The Eurozone crisis could be ended tomorrow if the European Central
Bank (ECB) announced it was going to launch a mammoth campaign to continue buying the bonds
of troubled members
of the European Community (EC) until growth in EC output and employment
bailed them
out of their debt burdens.
About a month ago, Ross and other international investors invested $ 1.8 billion in Eurobank — becoming the
bailed -
out Greek
bank's biggest shareholders in another sign
of growing market confidence in Greece.
Britain's
banks could cope with a «disorderly» Brexit without needing to curb lending or be
bailed out by taxpayers, the
Bank of England said Tuesday, after an annual health check on lenders.
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.
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.
As Paulson, Geithner and the Federal Reserve chairman, Ben Bernanke, raced to
bail out banks and companies like A.I.G., Bair resisted, fearing that they were being overly generous by putting the interests
of bondholders over those
of taxpayers.
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.
After all, we were told at the time that if taxpayers didn't open their wallets and
bail out the
banks, we could face a complete meltdown
of the global financial system and an economic fate rivaling the Great -LSB-...]
Opponents
of the Icesave agreement explain that they want to appeal to the EU rules regarding
bank bail -
outs and the Ecofin understanding that any agreement would preserve Iceland's economic viability.
Sir Philip Hampton to exchange similar roles from
bailed out bank to embattled pharmaceutical company at the end
of 2015
Sir Philip Hampton, chairman
of Royal
Bank of Scotland, is to quit his role at the helm of the bailed - out bank to take the same position at the embattled pharmaceutical company GlaxoSmithKl
Bank of Scotland, is to quit his role at the helm
of the
bailed -
out bank to take the same position at the embattled pharmaceutical company GlaxoSmithKl
bank to take the same position at the embattled pharmaceutical company GlaxoSmithKline.
Because
of the extreme leverage, the Federal Reserve and Wall Street investment
banks had to
bail the fund
out in order to prevent widespread financial havoc.If you want to read a fantastic story about LTCM, we recommend you check
out When Genius Failed.
Huge national
banks shuttered, bankrupt, corporations that employed thousands wiped
out, TBTF reinsurers
bailed out with taxpayer money, amazingly flawed misallocation
of resources financing pipedream «Green Energy» companies with no product, and no market even if they did have a product, etc..
The guiding mentality
of Tony Blair - style «New Labour» policy is economic loyalty to Europe's financial centers as government spending is slashed, public infrastructure privatized and
banks bailed out with «taxpayer» burdens that fall mainly on labor.
The real purpose
of this regulatory rewrite is to make sure that the government can
bail out the
banks» bondholders and even
bail out the stockholders as well as the
banks themselves.
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.
Since a bankrupt central
bank sounds like a stupid idea, the government has to
bail it
out to the tune
of $ 100m, which is the net loss to the fiscal authority.
Strauss - Kahn wanted to be president
of France, and therefore had to press to
bail out French
banks, which were the major holders
of Greek bonds.
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.
Banks were
bailed out in full following the crisis, and now that they are worried about loaning into this market and holding loans on their books, referring to loans which would not be guaranteed by either
of the GSE's.
Italy could be about to undermine the whole European
banking union concept by attempting to put in place a large
bail out of many
of its struggling
banks.
In its wake, the federal government
bailed out banks and automakers, investors lost confidence in the markets, and many questioned the viability
of the financial system.
Two
of the Biggest
Bailed Out Derivative
Banks, Citi and Merrill, Get Fined for Breaking Derivatives Rules
(figures from Market Ticker) Doesn't this suggest that the Fed is just about
out of firepower when it comes to
bailing out the struggling
banking system?
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).
so you have a bunch
of fake Christians with a non profit / no tax paying cathedral going bankrupt, and another bunch
of pagan laced above the law non tax paying ped protecting catholics buying a cathedral (notice i did nt say Christian), from a
bailed out by taxpayers
bank....
The governments
bailed out the
banks in September 2008, and again in various increments through the Spring
of 2009.
sorry this is a bit
of the subject does anyone know what the situation with our overall debt is at the moment and what our repayments are i was under the impression that we are at about the # 245 million mark gross debt and about # 97 net debt are the stadium repayments lower now or something is the bonds interest dropped lower inprice we were paying something like # 20 - # 30 million in repayments but heard its down to about # 15 million per yr now i know we will have broken throught the # 300 million mark in revenue now i am guessing that contributes more to the transfer funds or if not what makes up the transfer funds in the club i.e deals or match day revenue plus cash in the
bank which stands at a high level but must be just in case we might default on a payment we need heavy cash in hand to
bail us
out this side
of the club really intrigues me as it is not a much talked about subject unless you are into that type
of area
of work or care about the general fianacial outcome
of the club does anyone have more insight into our finances would be great to hear from anyone about this matter cheers gonerwineverything (because we are)
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
You asked where
out youth system is, well where was yours when Fabregas was on your books??? Now weve turned him into the player he is today you want him back and think you have some claim over him because your greedy bastards and think you have the right to do as you please because the spanish
banks and governments will
bail you
out... ha ha ha you plank, im sure you would point to messi as a product
of your GREAT youth academy yet if we were to point to Fabregas, Song, Van Persie, Clichy, Ashley cole and Wilshere you would no doubt claim he is spanish.....
The House also mandated the Central
Bank Of Nigeria (CBN) to within one week report and explain the utilisation of Salary Bail - out Fund given to state
Of Nigeria (CBN) to within one week report and explain the utilisation
of Salary Bail - out Fund given to state
of Salary
Bail -
out Fund given to states.
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).
The government owns 84 %
of the Royal
Bank of Scotland and 43 %
of Lloyds, after
bailing out the two
banks at the height
of the global financial crisis.
It was characterised by huge
bail -
outs of banks and a global response — namely close co-ordination among central
banks and a G8 / G20 - led economic stimulus.
The second part
of the agreement involves a common resolution scheme whereby when any eurozone
bank gets into trouble the scheme will decide whether to
bail out the
bank or let it go bust, with all eurozone governments jointly bearing the cost
of the bailout.
Experts estimate taxpayers are currently losing almost half
of their # 45 billion investment in the
bailed out bank.
Once
banks reach a certain size, the state is forced to
bail them
out if they run into trouble because
of the systemic risks they pose to the economy.