Cheap ECB cash could prove to be the worst form of bailout
But bailouts - whether by government or the ECB - can, at best, buy time. At worst, however, they act as an outright disincentive for necessary reforms.blogs.telegraph.co.uk
BARONE: GM goes from bad to worse despite bailout
BARONE: GM goes from bad to worse despite bailout. Print Email. 2012-08-25T09:00:00Z 2012-09-01T17:40:30Z BARONE: GM goes from bad to worse despite bailoutBy MICHAEL BARONE North County Times. August 25, 2012 9:00 am • By MICHAEL ...www.nctimes.com
18 Indications That Europe Has Become An Economic Black Hole Which Is ...
Apparently "cash injection" sounds better to the politicians than "a bailout" does. #9 The housing crash in Spain just continues to get worse. It is being reported that some homes in Spain are being sold at a 70% discount from where they were at the ...world.hawaiinewsdaily.com
Book Review: Bailout
... bailouts have lost money on the home if you include Fannie and Freddie, the auto companies, along with all of the financial institutions including AIG.seekingalpha.com
The German Economy Tanks, The ECB Throws Gasoline On The Fire, And ...
But it's just a speck, compared to Spain, which will strain the bailout funds, and Italy, which is too large to get bailed out.www.businessinsider.com
US big banks told to plan for the worst
Living wills aim to end bailouts of too-big-to-fail banks by showing how they would liquidate themselves without imperiling the financial system.business.financialpost.com
Spain's Rajoy to Seek German Backing For a Bailout
"The worst thing that could happen is Spain asks for aid and Germany blocks it," said a senior European diplomat.www.cnbc.com
Spanish banks face up to bailout with worst bad-loan ratio
Moreover, the increase in terms of hard currency in delinquency between June and May, which was 8.387 billion euros, also represents a milestone in the Bank of Spain records, and the second-worst figure in the series. Only in July 2009 did the amount ...www.cbonds.info
Spain's Rajoy to seek German backing for a bailout
"The worst thing that could happen is Spain asks for aid and Germany blocks it," said a senior European diplomat.in.reuters.com
Paul Ryan voted for the bailouts, but has since soured on them
... "into an ad hoc, opaque bailout and a slush fund for large private institutions." Although Ryan's budget acknowledges that TARP "succeeded in halting a systemic panic," the budget also concludes that TARP has "morphed into crony capitalism at its ...www.washingtonpost.com
Greek bailout tension sets up tough week for markets -- Big health insurance ...
NYT's Binyamin Appelbaum: "After inheriting the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry and revive the economy.www.politico.com
Worst Week Ever!: Aug. 29-Sept. 4
The vice president refused to acknowledge hecklers from the right wing who pointed out that Biden and The Chosen One weren't clairvoyant and bold enough to tell people who supported the bailout of GM and other domestic car companies that foreign cars ...www.citybeat.com
Sweeping ECB Powers May Be Next Europe Battleground
... long-term refinancing operations - mass liquidity injections. However, this is distinct from full state aid via "emergency liquidity assistance", such as that given to some Greek banks by the Bank of Greece.www.cnbc.com
Deposit flight from Spanish banks hits 15-year high as bailout rumours grow
guardian.co.uk, Tuesday 28 August 2012 19.34 BST. Spanish banks lost €1 out of every €20 deposited with them in July, making it the worst month for deposit flight in 15 years as rumours grew that the country is edging closer to a full bailout. News ...www.guardian.co.uk
Paul Ryan's Medicare claims vs. his auto bailout claims
It can be a bit hard to parse Romney's position on the auto bailout. At times, Romney has claimed that he opposed Obama's bailout, saying, "The president tells us that without his intervention things in Detroit would be worse. I believe that without ...www.washingtonpost.com
Greek Recession Worst Since US Great Depression
Even though the statistics show a slight improvement, the downturn is worse than any recession in the United States since the 1930s Great Depression.www.cbn.com
AIG, Surprise Moneymaker
They're not. Instead the self-disabling governments want Germany to supply the bailout. There are two lessons: The government's readiness to relieve the worst consequences of failed risk-taking is itself risky. Secondly, uncertainty about the rules in ...online.wsj.com
The Quiet Comeback of the U.S. Auto Industry
General Motors ( GM ) and Chrysler were forced into Chapter 11 bankruptcy protection amid rapidly declining sales in the face of the worst financial crisis since the Great Depression. Detroit was chastised for churning out bad cars, prompting U.S ...community.nasdaq.com
Paul Ryan's Tea Party Problem: Voted for Bailouts (Before He Was Against It)
But, Ryan's worst explanation of his crony capitalism votes might be his response to the multi-billion dollar auto bailout. Here's the exchange between Ryan and ABC's News Christiane Amanpour. AMANPOUR: Congress Ryan, you actually voted for the Wall ...www.huffingtonpost.com
Portugal opposition says country won't meet bailout goal
... the country to miss its budget deficit goal this year as the worst recession since the 1970s deepens. That would mark a setback for the center-right government that has single-mindedly focused on meeting the bailout goals with sweeping austerity ...www.reuters.com
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