News Source: The Herald
| 5 months ago
The nonpartisan Congressional Budget Office estimates that taxpayers will lose about $159 billion from the government's bailouts of the financial and auto industries. While a massive figure, the CBO put the total cost of the bailouts at $356 billion...
News Source: Charlotte Observer Online
| 5 months ago
The Obama administration on Friday established its process for pricing billions of dollars worth of warrants that large banks must repurchase to exit the $700 billion bailout program. The Treasury Department said the banks will make the first offer...
News Source: Uinta County News
| 5 months ago
The Treasury plans to sell warrants obtained as part of the financial bailout quickly after banks repay government shares. Banks will have 15 days after retiring government stakes to propose a “fair market value’’ for the securities, the...
News Source: The Hindustan Times
| 5 months ago
India's flag carrier Air India, which is struggling to cope with a cash crunch, will ask for a Rs.10,000-crore (about $2 billion) bailout package from the central government, a senior official said. Airline officials, who discussed the airline's...
News Source: Asian Wall Street Journal
| 5 months ago
Enterprise Bank has one office, three shareholders and $4 million in fresh capital from the U.S. government's Troubled Asset Relief Program. "That's not a bailout. That's being patriotic," said Chuck Leyh, president and chief executive of the Allison...
News Source: Star Tribune
| 5 months ago
The nonpartisan Congressional Budget Office estimates that taxpayers will lose about $159 billion from the government's bailouts of the financial and auto industries. While a massive figure, the CBO put the total cost of the bailouts at $356 billion...
News Source: CNN
| 5 months ago
Treasury said on Friday it will auction off bank stock warrants as quickly as possible if institutions choose not to buy them back after repaying government bailout funds. The Treasury set out procedures for the warrant repurchases that call for...
News Source: MarketWatch
| 5 months ago
The Treasury Department set out a roadmap on Friday on how it intends to sell its stakes in banks held in warrants. Under the government's $700 billion bank bailout, Treasury received warrants to purchase common stock in all institutions in which the...
News Source: Belleville News-Democrat
| 5 months ago
The administration has established the process for determining the price for millions of stock warrants the government holds that represent the final ties many large banks have to the $700 billion bailout program. The Treasury Department says the...