Sentences with phrase «taxpayer bailout when»

Not exact matches

Maybe what Jamie Dimon is hoping for is that the government will come down on cryptocurrencies and save him — just like they did in 2008 when his company took $ 12billion in US taxpayer bailout money.

Strauss - Kahn notoriously overrode his staff when they urged the IMF not to capitulate to ECB demands to pay French, German and other private bondholders with Troika bailout loans for which they made Greek taxpayers liable.

When you contrast this with the 0.35 % current national average interest rate on 1 - year CDs banks are offering, one wonders why banks manage regularly to go broke or require taxpayer bailouts to make ends meet.

That means the federal government must step in with a taxpayer - funded bailout when banks, through risky practices, face business failure.