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Bailout Money

What U.S. Bailout Money Could Do For The Rest Of The World

Huffington Post | Victoria Fine | Posted 05.25.2011 | Impact

Ever wonder how all that money spent on government bailouts of U.S. companies and banks could have been spent differently? The Business Insider did. O...

NYT: A Ban Of 'Too Big To Fail' Banks Is Missing In Financial Reform Bills

The New York Times | Editorial | Posted 05.25.2011 | Business

If we have learned anything over the last couple of years, it is that banks that are too big to fail pose too much of a risk to the economy. Any serio...

U.S. Sees A Profit As Big Banks Repay Bailout Money

AP | ZACHERY KOUWE | Posted 05.25.2011 | Business

WASHINGTON — The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's ...

U.S. Chamber of Commerce: Betting Against the American Middle Class

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Unionization is how the middle class re-emerges. America could do without a few filthy-rich boys lolling on yachts in the Mediterranean.

A Guide: Where The Bailout Money Has Gone And Where It Came From

Christian Science Monitor | Mark Trumbull | Posted 05.25.2011 | Business

It's enough to boggle the mind. If all goes well, it'll be enough to help the economy recover. The US government has deployed more than $3 trillion...

No Hoax: Pass Employee Free Choice Act to Revive Economy

Leo W. Gerard | Posted 05.25.2011 | Politics
Leo W. Gerard

Workers must vanquish the new hoax being perpetrated by conservatives, greedy CEOs and other labor union-haters. Workers must win the freedom that they had in 1935 to choose how to form their unions.

Obama Admin Aiming To Help Firms Sidestep Bailout Rules

Washington Post | Amit R. Paley and David Cho | Posted 05.25.2011 | Business

The Obama administration is engineering new bailout initiatives in a way that it believes will allow firms benefiting from the programs to avoid restr...

Edward Liddy, Come Back to Earth

Rep. Elijah Cummings | Posted 05.25.2011 | Business
Rep. Elijah Cummings

There are still too many unanswered questions about how AIG spent its first portion of TARP assistance. We cannot allow the pattern of deception by this company to continue.

Northern Trust Seeks To Repay Bailout Money After Flap Over Lavish Parties

AP | RUPA SHENOY | Posted 05.25.2011 | Business

CHICAGO — Responding to lawmakers who chastised the company for its lavish sponsorship of parties and concerts at a professional golf tournament...

Auditors: We May Never Know If Bank Bailout Worked

AP | DANIEL WAGNER | Posted 05.25.2011 | Politics

WASHINGTON — We may never know whether the government's $700 billion bailout of the financial industry worked, according to a new report from co...

Firms That Got Bailout Money Continue Lobbying

New York Times | DAVID D. KIRKPATRICK and CHARLIE SAVAGE | Posted 05.25.2011 | Business

The financial giant Bank of America says it is no longer lobbying the federal government about its unfolding bank bailout. After receiving $45 billion...

Bank Of America Gets Additional $20 Billion In Aid From Treasury

AP | IEVA M. AUGSTUMS | Posted 05.25.2011 | Business

CHARLOTTE, N.C. — Ken Lewis bought himself some time. The question is whether the chief executive of Bank of America Corp. can pull off the big...

You Morons, What Have You Done With Our Money?

Gail Vida Hamburg | Posted 05.25.2011 | Business
Gail Vida Hamburg

Was it too much to ask Congress to examine this government intervention in the free market critically before authorizing the transfer of US taxpayer dollars to benefit the banking sector?

Property Developers Want Bailout Money

CNBC | Posted 05.25.2011 | Business

Some of the biggest U.S. property developers are asking for government money in the face of $160 billion in maturing commercial mortgages next year, t...

Congress To Force Bush, Obama To Use Remaining Bailout Money To Aid Homeowners Facing Foreclosure

Bloomberg | Alison Vekshin | Posted 05.25.2011 | Politics

Congress will use the remaining $350 billion in a U.S. bank-rescue package to force the Bush administration and President-elect Barack Obama into prov...

Bush May Ask Congress To Tap The Remaining Bailout Money Next Week

AP | DAVID ESPO | Posted 05.25.2011 | Politics

WASHINGTON — The Bush administration is considering telling Congress as early as next week that it wants to tap the unused $350 billion of the f...

Paulson Debating Whether To Ask For Second Installment Of Bailout

Wall Street Journal | DEBORAH SOLOMON and MICHAEL R. CRITTENDEN | Posted 05.25.2011 | Business

U.S. Treasury Secretary Henry Paulson is debating whether to ask Congress for the second installment of the $700 billion bailout package, concerned ab...

Companies start competing for bailout money

AP | MARTIN CRUTSINGER | Posted 05.25.2011 | Business

WASHINGTON — The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the...

Treasury Blacks Out Key Parts of Private Bailout Contracts

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Our government is blacking out the parts of public contracts that explain how much taxpayer cash private contractors are going to be paid. Perhaps this is what Paulson meant when he promised transparency.