The U.S. government on Sunday entered into an agreement with Citigroup to bolster the company with $20 billion in capital from the TARP pool. The treasury has also announced that it, along with FDIC, will provide protection against an asset pool of approximately $306 billion of loans and securities backed by residential and commercial real [...]
November 24th, 2008 | rp | Comments | ContinuedAll Posts Tagged With: "US Treasury"
US Treasury Changes Mind, Not Buying Troubled Mortgage Assets
Just six weeks after it was announced, the so called “financial bailout” plan has reversed its course leading to steep drops in the stock markets worldwide. In an announcement on Wednesday, Treasury Secretary Henry Paulson has declared he is burying the idea of buying trouble mortgage assets and will focus on non-bank Financial Institutions and [...]
November 13th, 2008 | supa | Comments | ContinuedBush administration proposes a $700 billion, tax payer funded, bail out
The Bush administration is trying to fix the recent financial meltdown by proposing a mammoth treasury bailout of unprecedented magnitude - $700 billion to buy bad assets using tax payer dollars.
The proposal has been submitted by the White house to lawmakers today, in a desperate attempt to address sliding investor confidence on the stability of [...]
September 20th, 2008 | rp | Comments | ContinuedBiggest bank bail out in decades
The fed is working on, what amounts to the biggest bail out for banks in over a decade. With AIG, Lehman Brothers, Merrill Lynch, Morgan Stanley, Washington Mutual all falling prey to their own practices and a panic stricken economy, the fed and treasury have come together with separate measures to help struggling banks.
The Treasury [...]
