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A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy.A bailout differs from the term bail-in (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not.
The revised plan left the $700 billion bailout intact and appended a stalled tax bill. [129] The law has three major divisions, Division A: the Emergency Economic Stabilization Act of 2008; Division B: Energy Improvement and Extension Act of 2008, and Division C: the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. [ 11 ]
The term “bailout” is typically applied to a situation in which resources are provided — often in the form of cash or a loan — to a struggling entity to save it from collapse.
Government officials that oversaw the bailout acknowledged the difficulties in tracking the money and in measuring the bailout's effectiveness. [ 81 ] During 2008, companies that received $295 billion in bailout money had spent $114 million on lobbying and campaign contributions. [ 82 ]
We've all been referring to the federal government's Troubled Asset Relief Program (TARP) for banks as the "$700 billion bailout." But last night, BailoutSleuth, Marc Cuban's site created to ...
Stimulus.org Tracking the Stimulus, Financial Bailout, and Recovery Spending, from the Committee for a Responsible Federal Budget; Stimulus Analysis Archived January 29, 2010, at the Wayback Machine – An economic and fiscal analysis of the Act, from the Committee for a Responsible Federal Budget
The Euro plunged by more than 1% against the dollar and 1.4% against the yen early Monday as markets reacted negatively to the eurozone's Cyprus bailout plan, an initiative that includes a tax on ...
As part of a reorganization plan agreed to with the U.S., Canadian and Ontario governments, and the company's unions, General Motors filed for Chapter 11 bankruptcy protection in a federal Manhattan court in New York on June 1, 2009, at approximately 8:00 am, planning to re-emerge as a less debt-burdened organization. [13]