Sentences with phrase «of financial bailouts»

With all this talk of financial bailouts for Detroit, those car companies have been the subject of a great deal of criticism.
If the loss of one quarter of our economy provokes the mother of all financial bailouts, perhaps the loss of one quarter of our closest relatives merits the same action.
Europe is mired in a quagmire of financial bailouts, budget deficits and austerity measures, bleak circumstances that have already fostered social upheaval and are now ushering in political change.
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.
Today, the Public Utility Commission of Ohio (PUCO) affirmed its approval of a financial bailout that will force FirstEnergy customers to pay $ 204 million annually to the company over the next three to five years in order to benefit FirstEnergy Corp and its shareholders.

Not exact matches

Government bailouts of the financial industry, and the rising deficits that accompanied them, fueled political anger during and after the Great Recession.
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.
In fact, few things can be more damaging to growth than the kind of financial crisis that Mulvaney conveniently looks past — the one that started precisely in 2007, sent unemployment to 10 % nationally and much higher in many places, and resulted in bailouts for banks but foreclosures for working Americans.
It came after the country's financial meltdown, which put bankers in jail and prompted a $ 4.6 billion bailout, and on the cusp of political events that would add to the populist spirit that fueled the party's meteoric rise.
The sale of a majority stake in DESFA is mandated under Greece's latest international financial bailout, worth up to 86 billion euros.
At the same time, a series of corporate scandals; failures in the financial, housing, and insurance sectors; and taxpayer bailouts of mismanaged businesses have fostered consumer distrust and skepticism of marketers» messages.
One way to mitigate this risk is to focus on disproportionately collecting businesses that have the financial strength necessary to survive even the darkest days of a period like 1929 - 1933 without having to issue stock at severely depressed prices (which, from an economic perspective, amounts to you, the old owner, having to sell off your ownership in exchange for a bailout).
The latest BoA ML survey follows several weeks of rollercoaster markets around the world with investors taking fright at a series of geopolitical and financial risks including Gaza, Ukraine, Iraq and the bailout of Portugal's Banco Espirito Santo.
It was intertwined with the financial system through its sale of mortgage - related investments to big Wall Street banks, which themselves eventually received bailouts.
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.
Hensarling and other Dodd - Frank critics have called that ability — known as «orderly liquidation authority» — a bailout, even though any taxpayer money used is supposed to be recouped from the sale of the company's assets or an assessment on the financial industry.
Even if such a bailout were to occur, investors should be careful what they wish for — virtually none of the major bailouts in the financial crisis ended well for shareholders who usually found themselves diluted out of existence or with their stock outright cancelled.
The bank is also continuing with an overhaul of its business after the 2008 bailout, which on Wednesday led to the partial flotation of its US arm, Citizens Financial, on the New York stock exchange.
European leaders in Brussels reached a third bailout deal for Greece on Monday morning, after a final round of more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near - bankrupt country.
The culmination of this process is found in modern financial bailouts of private - sector («socializing the losses» to savers).
The UK's bailout of Lloyds shows a better picture: Share sales have generated a # 1.2 billion profit for taxpayers on the # 15 billion of shares sold to date, the Financial Times reported.
These articles include, Financial Bailout: America's Own Kleptocracy — the Largest Transformation of America's Financial System since the Great Depression; The Paulson / Bernanke Bailout: Will the Cure Be Worst than the Disease?
Notably, the National Financial Work Conference has been the stage for: forming agencies to regulate the insurance and securities industries and bank bailout strategies in 1997, creating banking regulators and listing state - owned banks on exchanges abroad in 2002, creating the sovereign wealth fund, establishing the China Investment Corporation in 2007, which currently has assets of $ 813.5 billion, and developing methodologies for dealing with the global financial crisisFinancial Work Conference has been the stage for: forming agencies to regulate the insurance and securities industries and bank bailout strategies in 1997, creating banking regulators and listing state - owned banks on exchanges abroad in 2002, creating the sovereign wealth fund, establishing the China Investment Corporation in 2007, which currently has assets of $ 813.5 billion, and developing methodologies for dealing with the global financial crisisfinancial crisis of 2008.
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.
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.
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.
It's not a «bailout of the financial system.»
Michael Hewson, Senior Market Analyst at CMC Markets in London, says Carney has gained a lot of «brownie points» for his handling of the financial crisis, given that Canada was the only G7 country that did not have to receive a banking bailout during the financial crisis that started in 2008.
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.
By effectively creating financial utilities, this regulation puts taxpayers at risk of shouldering yet more bailouts.
After more than two years of financial crisis, international bailouts, a huge debt writedown and Europe's harshest austerity program, Greek voters have been given a chance to hit back at the parties that got them into this mess.
It's an irony of the financial cycle that cutting loose the U.S. mortgage unit may now give the car finance firm its best chance of repaying Uncle Sam's $ 17 bln bailout.
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.
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.
Inevitably, those same financial issues will pop up again, causing a vicious cycle, which the adult child has no incentive to remedy since the Bank of Mom and Dad is always there for a bailout.
Despite a government bailout of financial firms costing hundreds of billions of dollars, 8.8 million jobs and $ 19.2 trillion in household wealth were lost, according to a U.S. Treasury report on the crisis.
And third, compensation in the form of stock - based pay encourages CEOs to take excessive risks to boost share prices, risking a financial crisis and taxpayer bailout.
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.
Its creation marked the beginning of the biggest financial bailout in U.S. history.
European leaders in Brussels reportedly reached a third bailout deal for Greece on Monday morning, after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near - bankrupt country.
Last week, while Gov. Dannel P. Malloy pounded the table for a financial bailout for his political protege, Hartford Mayor Luke Bronin, another Hartford business — Lena's Pizza — quietly succumbed to the strangulating effects of the tax man.
The theory is that giving public guarantees and bailouts will enable financial managers to use some of the money to fund some projects that employ people — with newly created, non-unionized companies, presumably.
Ryan Miller, market analyst at Western Union Business Solutions, adds: «With similarly bloated financial sectors showing signs of stress in countries like Slovenia, Malta and Luxembourg, the message is clear: Future euro bailouts will have more - costly strings attached.»
Beyond the financial sector, the ongoing bailout of U.S. auto producers is leading to more government intervention in that industry.
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.
Each bailout requires more leverage, and puts at risk a larger and larger compass of the financial system.
The Bush administration announced a $ 700 billion bank bailout in September 2008, and financials rallied, before crashing again in early 2009, amidst rumors of a general bank nationalization.
Does this mean that anyone who supports the $ 700 - billion bailout of U.S. financial insitutions is an economic postmodernist?
RBS is divesting the business under EU rules for receiving a bailout of # 46bn during the financial crisis.
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