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Taxpayers risked trillions at height of crisis

London : United Kingdom | about 1 month ago  
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  • Feinberg, special master of executive compensation in the Troubled Asset Relief Program at the Treasury, speaks in Washington
    Feinberg, special master of executive compensation in the Troubled ...
    Source: Reuters
Feinberg, special master of executive compensation in the Troubled ...
At the peak of the financial crisis, taxpayer money guaranteed assets worth $4.3 trillion to help banks ride out the panic. The programs, which essentially provided insurance against losses, helped stabilize financial markets but put far more taxpayer dollars at risk than Congress intended, according...
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  • News Source: International Business Times | about 1 month ago
    The U.S. government guaranteed as much as $4.3 trillion in financial assets last year, making such backstops the biggest and riskiest part of Washington's response to the financial crisis, a bailout watchdog panel said on Friday. The Congressional...
  • News Source: Fox News | about 1 month ago
    At its high point, the federal government was guaranteeing or insuring $4.3 trillion in face value of financial assets, according to a report released Friday by the Congressional Oversight Panel. "The Panel found that Treasury took an aggressive...
  • News Source: The Orange County Register | about 1 month ago
    At the peak of the financial crisis, taxpayer money guaranteed assets worth $4.3 trillion to help banks ride out the panic. The programs, which essentially provided insurance against losses, helped stabilize financial markets but put far more...
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  • Blog Source: www.washingtonexaminer.com
    Government officials put trillions of taxpayer dollars on the line to guarantee risky bank assets — a strategy that could cause permanent and costly market distortions, a government watchdog says.
  • Blog Source: blogs.wsj.com
    At the peak of the financial crisis, taxpayer money guaranteed assets worth $4.3 trillion to help banks ride out the panic. The programs, which essentially provided insurance against losses, helped stabilize financial markets but put far more
  • Blog Source: 247wallst.com
    The most startling part of the document is that it describes the federal government's $4.5 trillion guarantee of financial assets which put huge sums of taxpayer money at risk and, according to the panel, created a significant “moral ...
  • Blog Source: dealbook.blogs.nytimes.com
    The savings came in the form of federal guarantees on more than $300 billion of bonds issued by banks and other financial institutions, and they were merely one component of a $4.3 trillion safety net of guarantees orchestrated last year by ... But
  • Blog Source: www.zerohedge.com
    If you are an investor that buying real estate assets that are backed by mortgages, assuming the only way to get your money back is hoping the price keeps to go up, then it is hard to understand what the asset category is. ... The loss in sovereign
  • Blog Source: blogs.wsj.com
    At Imperial Capital's 3rd Global Opportunity Conference in New York Thursday, Michael Milken spoke about the causes of the financial crisis and what investors in the US should watch out for in future investments. ... The loss in sovereign loan
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