Tag: bailout money
Bailed-Out Banks Remain in Danger of Failing: 98 Banks at Risk
by Danny King on Dec.27, 2010, under Towing
The number of government-aided U.S. banks in danger of failing has grown about 15% in the past six months, The Wall Street Journal has reported. The economy has continued to batter many struggling institutions, with 98 bailed-out banks — up from 86 in the second quarter — now at risk.
Continue reading Bailed-Out Banks Remain in Danger of Failing: 98 Banks at Risk
Bailed-Out Banks Remain in Danger of Failing: 98 Banks at Risk originally appeared on DailyFinance on Mon, 27 Dec 2010 19:30:00.
Bailouts Earn $35 Billion for U.S. Taxpayers
by Hugh Collins on Dec.10, 2010, under Towing
The federal governments bailout program has earned the taxpayer nearly $35 billion in the last two years, The Associated Press said.
Income from the Troubled Asset Relief Program (TARP) rose by almost 17% through November compared with the estimate in October, the AP said.
Part of the extra income came from the government’s ongoing sale of stock in Citigroup (C). The government sold off the last…
Continue reading Bailouts Earn $35 Billion for U.S. Taxpayers
Bailouts Earn $35 Billion for U.S. Taxpayers originally appeared on DailyFinance on Fri, 10 Dec 2010 06:42:00.
Filed Under: Company News, Economy, American International Group, Citigroup, General Motors, Taxes, Insurance, Credit, Autos
Exit Strategy: AIG’s Plan to Repay Taxpayers
by Danny King on Dec.08, 2010, under Towing
Insurance giant American International Group on Wednesday signed an agreement with the government that details its plan to repay its government loans. Meanwhile, The Wall Street Journal reports that the government plans to sell much of AIG’s stock in the next few months.
Continue reading Exit Strategy: AIG’s Plan to Repay Taxpayers
Exit Strategy: AIG’s Plan to Repay Taxpayers originally appeared on DailyFinance on Wed, 08 Dec 2010 17:30:00.
Filed Under: Company News, American International Group, Taxes
U.S. Bailout Could Prove Less Effective, More Expensive Than Expected
by Danny King on Oct.26, 2010, under Towing
The U.S. government’s bailout has been less than effective in helping U.S. homeowners avoid foreclosure and could end up costing more than expected, according to a report from the Troubled Asset Relief Program’s special inspector general.
Continue reading U.S. Bailout Could Prove Less Effective, More Expensive Than Expected
U.S. Bailout Could Prove Less Effective, More Expensive Than Expected originally appeared on DailyFinance on Tue, 26 Oct 2010 19:45:00.
Filed Under: Economy, Real Estate
British Banks May Need More State Funds: Think Tank
by Hugh Collins on Oct.04, 2010, under Towing
British banks may require further taxpayer funds, with borrowing needs potentially hitting £25 billion pounds ($39.5 billion) a month, according to a think-tank.
The independent New Economics Foundation said that central bank data indicated the banks are facing major funding problems, Reuters reported.
Finance Minister George Osborne dismissed the suggestion.
“I am certainly…
Continue reading British Banks May Need More State Funds: Think Tank
British Banks May Need More State Funds: Think Tank originally appeared on DailyFinance on Mon, 04 Oct 2010 07:48:00.
Filed Under: Company News, Economy, People, Taxes, Credit, Currency
-
You Can Reach Us At:
For All Of Your Towing and Recovery Needs.
Tele: (847) 587-6076
Fax: (847) 587-8610 Some Of Our Pics
