Sentences with phrase «taxpayer bailouts of»

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.

Paulson's government position allowed him to oversee the biggest taxpayer bailout of Wall Street in U.S. history — portions of which remained secret for years, like the Fed's covert $ 16 trillion in hidden loans to Wall Street and foreign banks.

And better yet, if the Fed can keep the pensions thinly solvent by pumping up the stock market, Congress and State Governments can defer the inevitable taxpayer bailout of public pension funds — for now.

If all of this wasn't concerning enough, the very type of derivatives that blew up the giant insurer AIG in 2008 (credit derivatives) are making a big comeback at Citigroup, the recipient of the largest taxpayer bailout of a bank in U.S. history during the 2008 crash.

This was the event that prompted then - Treasury Secretary and ex-Goldman CEO, Henry Paulson, to scramble furiously to arrange a Fed / taxpayer bailout of AIG and Goldman.

The lack of sufficient derivatives trading oversight is largely credited with the market meltdown of 2008, the bankruptcy of Lehman Brothers and the $ 1 trillion - plus taxpayer bailout of insurance giant AIG and Wall Street investment banks such as Goldman Sachs, JPMorgan Chase and Morgan Stanley.

In 2013, the usually self - sufficient agency required a taxpayer bailout of $ 1.7 billion to cover losses resulting from shaky loans made during the housing collapse.

The chairwoman of a Congressional oversight panel that is examining the $ 700 billion taxpayer bailout of the financial sector testified Wednesday that insurance giant AIG â $ œwas a corporate Frankenstein, a conglomeration of banking and insurance and investment interests that defied regulatory oversight.â $

They'll be a taxpayer bailout of underwater homeowners before there is any kind of recovery from them.

Because of a taxpayer bailout of the GSEs, which became insolvent during the housing crisis, some lawmakers want to shut them down and turn this secondary market over to private companies.

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.

The candidates agreed that banks shouldn't be allowed to engage in «recklessness» that exposed the public to high risk of economic contagion and a taxpayer - funded bailout.

Lord Turner, the former head of UK banking watchdog, has sparked controversy by warning taxpayer money will still need to be used to fund bank bailouts across Europe.

Beginning with the auto bailout, which the administration now claims cost taxpayers $ 9.3 billion but saved more than a million jobs, Obama doubled down on his commitment to manufacturing, setting a goal of doubling American exports between 2009 and 2014.

The tax was suggested by the IMF as a way to force banks to fund their own bailouts in times of crisis, rather than drawing from taxpayers» pockets.

Despite its name, RBS is currently majority - owned by the taxpayers of the entire U.K., since it needed a government bailout in 2008 to make up for bad investment decisions.

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.

Furthermore, taxpayers should ultimately be made financially whole and better communication with the public should be considered an integral part of any bailout operation.

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.

Bailouts in 28 countries since September 2008 have totaled approximately $ 1.5 trillion, a huge sum of taxpayer money that has put pressure on banks to improve their balance sheets and their performance.

Many here view the program as tantamount to a taxpayer - funded bailout of nations that should never have been let into the euro club to begin with.

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.

By effectively creating financial utilities, this regulation puts taxpayers at risk of shouldering yet more bailouts.

«This decision is misguided and denies the reality that bankrupt foreign companies will be the beneficiaries of an American taxpayer bailout.»

So, think of it like a bailout in a sense for taxpayers in that spot.

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.

The banks should be nationalized, at least temporarily, and every person and institution involved (otherwise known as the elite banksters and politicians who served and supported the government and «quasi» government decisions) in each of the bailouts and heists of the taxpayer's (i.e. the «common» mans) money, should be divested of their personal assets and earnings and put in a stockade for public viewing, smack dab in the middle of Wall Street, to be pelted with rotten vegetables.

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.

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.

So, such company is saved, cost to the taxpayers isn't too extreme (selling price should cover most of the bailout, maybe even result in profit), owners would know that they aren't shielded in case of bad decisions, but will lose everything, and executives would know that they can forget about their golden parachutes.

The taxpayers have been soaked for $ 317 billion to bailout government run Fannie Mae and Freddie Mac, and many of the executives there are all millionaires now.

Whatever the huffi ng and puffing of those who did not have to resort to a government bailout, everyone involved in the financial services industry has the taxpayer and political intervention to thank for preventing total meltdown.

Following reports that the del Lago Casino & Resort in Seneca County is struggling with revenue and is seeking a bailout from the state, Sen. Joseph Griffo sent a letter to Cuomo and the state Budget director, indicating he doesn't believe a bailout is appropriate use of taxpayer money.

Sure enough, Canada averted the 2008 crisis, stopped the spread of the financial contagion on its southern border and avoided the massive taxpayer bailout forced on Americans.

Adonis said he had tried to warn the government of the cost to the taxpayer of the bailout, but that a senior official had tried to stop him.

• Rick «Wall Street Lobbyio» Lazio's taxpayer bailout bonus... $ 1.3 million • One week of unemployment insurance for more than 3,000 unemployed New Yorkers who lost their jobs following the financial crisis... $ 1.3 million • Four average mortgages on homes that were foreclosed on during the financial crisis... $ 1.3 million • Starting base salary for 30 new New York City Police Officers... $ 1.3 million • Starting base salary for 30 new New York City Firefighters... $ 1.3 million • One year of SUNY tuition for 261 New York students... $ 1.3 million

In fact, the system as it stands is what led to a series of massive, costly taxpayer bailouts.

«With thousands of jobs and millions of taxpayer dollars at stake, a potential bailout holds profound ramifications for its workers, the racing industry and the City and State.»

And then (this part is new and part of Paladino's pre-primary media blitz), the focus turns to the «former liberal Congressman Rick Lazio,» who «voted for higher taxes and increased federal spending» and «took a $ 1.6 million bonus from a huge Wall Street bank getting a $ 25 billion - dollar taxpayer - financed bailout.

But I'm sure their irresponsible behavior will be rewared by the rest of the US taxpayers in the form of a federal bailout.

«Rick Lazio should use some of his $ 1.3 million taxpayer bailout bonus to take a pension law class because this statement shows he doesn't know what he is talking about.»

The irony is that whereas many of those responsible should be stood in the dock facing charges of misappropriation, they have gone unpunished and have in fact, continued to prosper following bailouts from the UK taxpayer.

«I acknowledged the leadership of Barak Obama, Chris Dodd, Barney Frank, Blanche Lincoln and other brave Democrats by voting for a strong package of more government rules and regulations, designed so that banking disasters on Wall Street will never require taxpayer bailouts and kite the national debt, ever again.

Treasury Secretary Geithner (who has also argued against the sort of pre-set liquidation pool McConnell opposes) says nonetheless McConnell is wrong calling it a taxpayer bailout.

«A lot of these banks got bailouts, they got taxpayer money, and the assumption was that they would be flexible, they would be amenable to allowing people to modify their mortgages and that this would ease the rate of foreclosures and help people remain in their homes,» he said.

State taxpayer money directed toward the Landmark Theatre, Upstate Medical University's Cord Blood Bank, and a recent bailout of Centro's bus services all come with his advocacy.

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.

As for filling the hole of unfunded liabilities, there's little choice but to raise contribution rates for teachers, to increase districts» contribution rates (which decreases funds for students) or to seek bailouts from states or the federal government (otherwise known as the «charge - it - to - taxpayers» gambit).

This could lead to a taxpayer bailout, and resulting criticism of FHA guidelines and programs.

Against the backdrop of government bailouts to Fannie Mae and Freddie Mac, this news is particularly grim for bail - out weary taxpayers.