Even if
bailing out the banks in order to preserve financial systemic integrity was needed, there were other ways to do it, such as being lender of last resort at a penalty rate, or giving vouchers good to reduce debts to every household in America.
Most recently, limits to banking executives» pay were imposed by the Treasury
on bailed out banks after the 2008 financial crisis.
Just to add that a train wreck at UBS would be the responsibility of the Swiss, not the Americans — have the Swiss ever
bailed out a bank with public funds before?
@kitty This loan is a mirage just like California real estate, hopefully we do
n't bail out the bank after this guy defaults on his loan.
Canada's government, he asserts,
did bail out our banks when the crisis hit — creating a program to move tens of billions of dollars in assets off their balance sheets.
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.
Sir Philip Hampton to exchange similar roles
from bailed out bank to embattled pharmaceutical company at the end of 2015
The global bond market has ballooned more than 40 percent to $ 100 trillion as governments
bailed out the banking industry and plunging tax receipts deepened deficits.
In 2008, the Government
bailed out the banks who had issued subprime mortgages and related derivatives, but the Taxpayer never signed up for the multi-trillion dollar bailout, which largely transferred wealth from the middle class taxpayer to the Too Big To Fail bank executives.
If it sold 1 million citizenships over the next three years at this price, it would be able to pay off all its debts,
bail out its banks properly, allow politicians and tycoons to syphon off $ 100 billion for personal gain, and still have some cash left to buy some German tanks and frigates.
Treasury Secretary Geithner is reported to be pressuring the Europeans to
bail out the banks because Goldman Sachs and others American banks have gambled that Greece and other countries can pay, and written default insurance.
To
help bail out the banks, Japan's government urged them to engage in what has become known as the «carry trade»: lending freely created yen credits to foreign financial institutions at remarkably low rates, for these borrowers to convert into other currencies to buy bonds or other assets yielding a higher rate.
In 2008, banks persuaded governments to «solve» the debt problem by taking bad bank debt onto the public balance sheet and
then bailing out the banks.
The mobilisation of resources [to
bail out the banks] was unprecedented; indeed the transfer of assets is the greatest redistribution from poor to rich since the Norman Conquest, when the common and freehold lands of England were transferred to the ownership of William the Conqueror.
Pick a leader who will not
only bail out banks and airlines, but also families from losing their homes — or jobs due to their companies moving to other countries.
Implementation of the Taxpayer Protection and Bank Recapitalization regime that allows a failing bank to be restructured by converting its debt into common stock instead of having taxpayers bail it out
You could end up with a lot of nations in default, and shut out of the bond markets (the PIIGS), while the rest do seemingly fine, as they
quietly bail out their banks.
This trend increased at a more rapid rate since the 2008 global financial crisis with major governments of the world resorting to printing huge sums of money to pay national debts and
also bail out banks.
Let each EU nation rather take a step back and ask, «What is cheaper in the long - run, bailing out Greece, or
bailing out my banks with Greece exposure?»
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.
Central banks are still adding to liquidity, perhaps to
bail out banks who have made bad loans to parties on the wrong side of securities trades.
Or maybe you're referring to the prudence
of bailing out banks without curbing their irresponsible behaviour which created the very economic crisis which precisely those not responsible for it are expected to pay for.
The U.S. government insisted that it would
n't bail out the banks, but no one believed it, so outfits such as Lehman Brothers Holdings Inc. carried on as if they had little to lose.
Rather than scaling back the U.S. economy's over-indebtedness, for instance, the Treasury and Federal Reserve have
bailed out the banks to save them from taking a loss on debt write - downs.
With the financial system imploding in 2008, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke implored Congress to authorize $ 700 billion to
bail out the banks or risk a total meltdown.
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-...]
-- a story about a controversial plan to
bail out its banks.
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.
In an attempt to prevent an unpleasant revisit to the Stone Age, global governments have
bailed out banks and the private sector.
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.
Instead, it looks like the government will
bail out the banks.