Related Blog Posts
Ford: Obama right to save GM, Chrysler
18 hours ago ago from Michigan Messenger
You might think that the second largest car company in the country might be happy to see the first and third largest car companies go bankrupt and not come back. You'd be wrong. The chairman and heir of Ford Motor Company visited the White House on Monday and praised President Obama for intervening to keep his chief competitors alive, the Detroit News reports : Bill Ford Jr. told reporters today in Washington that he met briefly with ...
Related contentAmericans Using Payday Loans as Bailout is Still Unraveling
14 hours ago ago from Personal Money Store
The bailout program extended Payday loans are predicted to remain popular funding options as the economy continues to lag. Last week President Obama announced that the administration has extended the $700 billion financial bailout program until October of 2010. That’s sad news for many Democrats, who were hoping the leftover funds would be put toward job creation, and Republicans, who think the money should be applied to the huge deficit. ...
Related contentAudit: Taxpayers Lose $61B on AIG, Auto Bailouts
9 hours ago ago from Reboot The Republic
From Yahoo News 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 ...
Related contentThe Political Aftermath of Bailouts
1 day ago ago from Libertarianism, from A to Z
The Obama administration is again pressing banks to increase lending, explicitly sugesting that banks "owe" the country because of the bailouts. Chief administration economist Larry Summers, for example, said Sunday: “We were there for them and the banks need to do everything they can to be sure they’re there for customers across this country,” Summers said in an interview on ABC’s “This Week” program. Similarly , President Obama ...
Related contentFord: Obama right to save GM, Chrysler - Michigan Messenger
18 hours ago ago from Congratulations President Obama
Washington Post Ford: Obama right to save GM, Chrysler Michigan Messenger The chairman and heir of Ford Motor Company visited the White House on Monday and praised President Obama for intervening to keep his chief competitors ... Ford lauds Obama for industry rescue Detroit Free Press Bill Ford praises Obama for auto bailout The Detroit News Ford credits Obama's handling of auto industry The Associated Press Detroit ...
Related contentRelated News
GM to repay bailout loan early
14 hours ago ago from CNN Money
GM to repay bailout loan early By Chris Isidore, CNNMoney.com senior writer December 15, 2009: 10:37 AM ET NEW YORK (CNNMoney.com) -- General Motors will pay off a $6.7 billion federal loan by June, well ahead of the deadline for the repayment under terms of the bailout, company CEO Ed Whitacre said Tuesday. Whitacre had said a week ago that GM was looking at making an early payment. The company announced in November that it would make ...
Related contentCitigroup, Wells Fargo To Repay Bailout Money : NPR
9 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Citigroup, Wells Fargo To Repay Bailout Money by The Associated Press text size A A A December 14, 2009 Citigroup Inc. and Wells Fargo & Co. said ...
Related contentWhy are GM and Chrysler shutting down dealerships for no reason?
8 hours ago ago from BloggingStocks
In an almost unprecedented case of federal bureaucratic meddling in what should be business decisions, GM and Chrysler have agreed to set up an "appeals" process to give dumped dealerships a chance to plead their case for retaining their franchises. GM and Chrysler came under intense pressure from Congress when they announced plans to close dealerships, largely because the National Automobile Dealers Association is one of the most powerful ...
Related contentObama Presses Banks to Lend, Accept New Regulations
13 hours ago ago from Politics Daily
In an hour-long meeting Monday, President Obama pressed executives from Wall Street banks to increase their lending to small businesses and stop fighting financial regulation efforts, the New York Times reports . "America's banks received extraordinary assistance from American taxpayers to rebuild their industry," Obama said in remarks after the meeting. "Now that they're back on their feet, we expect an extraordinary commitment from them ...
Related contentWashington Sketch: Obama writing a different prescription now
1 hour, 1 minute ago ago from Washington Post - Business
On the campaign trail, Barack Obama vowed to take on the drug industry by allowing Americans to import cheaper prescription medicine. We'll tell the pharmaceutical companies 'thanks, but no, thanks' for the overpriced drugs -- drugs that cost twice as much here as they do in Europe and Canada, he said back then. On Tuesday, the matter came to the Senate floor -- and President Obama forgot the no, thanks part. Siding with the pharmaceutical ...
Related content
