Sentences with phrase «received taxpayer bailouts»

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.

Their shares crashed to multi-year lows, and some received taxpayer bailouts:

Not exact matches

As a condition of receiving taxpayer - funded bailouts, governments ordered GM, Chrysler and their unions to bring labour costs in line with Toyota, Honda and Nissan.

Citigroup received the largest taxpayer bailout in the history of finance from 2008 through 2010: $ 45 billion in Troubled Asset Relief Program (TARP) funds; over $ 300 billion in asset guarantees; and more than $ 2 trillion in low cost loans.

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.

Just nine years after the repeals, Citigroup was on taxpayer life support, receiving the largest banking bailout in U.S. history.

• To have the NY GOP nominate for governor a Wall Street Lobbyist who received a $ 1.3 million bonus paid for with taxpayer bailout money... priceless

He has received national plaudits over the past few months for his investigations into Wall Street bonuses handed out by companies who received taxpayer - funded bailouts.

The attorney general has drawn national attention this year for his investigations into Wall Street bonuses handed out by companies who received taxpayer - funded bailouts.