Posts tagged as: bailout

GOP Plan for Financial Reform – Give to the Rich Take from the Poor | GOP Senate Objects to Current Plan

All 41 Senate republican’s signed a letter sent to Majority Leader Reid stating that they feel the bill is partisan and they are being left out along with, objections to a provision that calls for a $50 billion bank liquidation fund.

Apr 17 2010 | Posted in Moderate,National News,Opinion Editorial,Politics,US Politics,WorldNewsVine,economic recovery,economy | Read More »

Park Avenue Bank CEO Arrested for TARP Fraud

Manhattan, New York – Earlier today, the Federal Bureau of Investigation, along with five other government agencies, announced the arrest of Charles J. Antonucci, Senior, ex-CEO of Park Avenue Bank. Authorities say that Antonucci made fraudulent claims in an attempt to receive federal bailout funds from the Troubled Asset Relief Program (TARP). Antonucci is the first person ever charged with TARP Fraud.

Mar 15 2010 | Posted in Banking and Finance,Banking and Finance by Selena,Crime and Punishment,Money,National News,News,News and Opinions with Selena Robinson,WorldNewsVine | Read More »

Bloomberg and the Fed Battle Over Bank Info

Bloomberg, the respected New York reporting site, is in a court struggle with the Federal Reserve over details of the 2008 bailout program. Bloomberg’s parent company has been fighting for more than two years to get full disclosure of the banks and corporations that would have failed were it not for the trillion-dollar financial program.

Jan 11 2010 | Posted in Banking and Finance by Selena,National News,News and Opinions with Selena Robinson,Opinion Editorial,US Business News | Read More »

GMAC! Come On Down! You're the Next Company to Get Another Bailout!

One year in and the TARP money just keeps on rolling.

Nov 9 2009 | Posted in Banking and Finance by Selena | Read More »

Bailed Out Credit Companies Stick It to Consumers

What’s the old saying about “looking a gift horse in the mouth”? Whatever that means, that’s basically what bailed-out banks are doing to taxpayers.

Nov 4 2009 | Posted in Banking and Finance by Selena | Read More »

Nigeria's Massive Bad Loan Debt Prompts Government Bailout

Apparently, the measures taken by the United States Federal Reserve last fall are not as peculiar as we thought. Reuters reports that Nigeria is so stuffed with bad loan debt that the country’s Central Bank had to “inject” billions of dollars into five of the nation’s largest banks. What caused this predicament? Over 600 bad debtors, including individuals, firms, and [...]

Oct 26 2009 | Posted in Banking and Finance by Selena | Read More »