Related Blog Posts
CSULB Economic Stabilization Act Panel Discussion
21 hours ago ago from Nurse Consulting Services
Housing prices are crashing. Bear Stearns, Lehman Brothers, and Washington Mutual, have been acquired for pennies on the dollars. Fannie Mae and Freddie Mac are under Federal Government conservatorship. U.S. Commercial banks have tightened lending standards, and a credit crunch threatens global financial markets. All of this stokes fears of an economic slowdown that many believe could result in a deep recession for the U.S. and the rest of ...
Related contentWheels Coming Off The Bus
12 hours ago ago from Great Adventure Ministries, Inc.
Wheels Coming Off The Bus Published December 9, 2009 by Dennis Lingo Watching and Waiting In the past few days we have had quite a few posts on the financial condition of the USA. Why?? Because it is becoming obvious to many that an economic shaking is coming for the USA and we need to be prepared to hold on tight Hold fast, help is on the way , says God to those who love and fear Him. Today we read this headline: U.S. ...
Related contentBail Outs
23 hours ago ago from OurThoughts
Joe Lee WASHINGTON – The Treasury Department is acknowledging for the first time that it lost $61 billion on two key programs designed to stabilize the economy after the largest financial crisis in decades. The government is losing more than $30 billion on lifelines extended to insurance giant American International Group Inc., according to Treasury data released Wednesday in an audit by the Government Accountability Office. It also is ...
Related contentU.S. Already $292 Billion in the Red This Year
20 hours ago ago from War On You: Breaking Alternative News
December 9th, 2009 Via: Reuters : The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday. In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said. That was even worse than the same period last year, when the government was on ...
Related contentObama administration extends TARP deadline
21 hours ago ago from 24/7 Infos - Fresh info all day long
The $700-billion bailout fund, which was set to expire at year's end, will now end in October. The news comes as a government audit finds the program lost $41.4 billion in the last fiscal year. The Treasury Department formally extended the life of the controversial $700-billion bailout fund to October, saying it planned to sharply scale back use of the money, even as a government audit found the program lost $41.4 billion in the last fiscal ...
Related contentRelated News
Government extends $700 billion bailout - with changes
7 hours ago ago from Media General - WNCT.com
Search: Keyword Site Web | RSS + - Text Size Print Share This Government extends $700 billion bailout - with changes By Amy Kibler | Six & Special Projects Producer Published: December 10, 2009 Updated: December 2009 The government announced it will extend the 700 billion dollar financial ...
Related contentBudget deficit narrowed to $120.3 billion in November
6 hours ago ago from DailyFinance
More good news for the U.S. economy, as the nation's budget deficit narrowed to $120.3 billion in November, the U.S. Treasury Department announced Thursday. A Bloomberg News economists survey had expected the U.S. Government to post a $135.0 billion deficit in November, the second month of the federal government's fiscal year. The U.S. government posted a $176.4 billion deficit in October and a $46.6 billion deficit in September, to close ...
Related contentBailout watchdog criticizes loans to big insurers
4 hours ago ago from PopEater
WASHINGTON -The participation of two big insurers in the $700 billion financial rescue contradicted the goals of the government program, a bailout watchdog said Thursday. The inclusion of Hartford Financial Services Group Inc. and Lincoln National Corp. "was incongruous with the spirit and intent" of the bailout program, according to the report by Special Inspector General Neil Barofsky. The taxpayer investments in the two companies went to ...
Related contentGM, Chrysler used bailout funds for daily costs
7 hours ago ago from PopEater
WASHINGTON -General Motors and Chrysler have used the majority of their bailout funds for day-to-day expenses such as payroll costs and payments to suppliers, a government watchdog has found. A report released Thursday by the special inspector general for the $700 billion financial bailout fund said GM used 65 percent, or about $32 billion, for operating expenses such as payments to employees and suppliers. GM has received $49.5 billion from ...
Related contentREPORT: Fed predicts it will lose $30B on auto industry bailout
10 hours ago ago from Autoblog
2009 isn't quite over yet, but we're pretty sure most automakers would rather forget that it ever happened. And while General Motors and Chrysler suffered the pain and humiliation of bankruptcy and workers lost thousands of jobs and many plants and dealerships closed, the good news is that the General and the Pentastar are now more fiscally healthy than they've been in ages. The bad news is that it cost U.S. taxpayers an estimated $82 billion ...
Related content
