government bailout News

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What Would a Government Shutdown Really Mean? [VIDEO]

Suddenly, US Automakers Are Doing Just Fine

(Nov. 3) -- Back from the brink. The Big Three U.S. automakers posted solid sales in October, roughly two years after two of them received massive bailouts from the Obama administration. Ford said its October profits were up 19.2 percent from the year before, Chrysler saw a 37 percent jump and General Motors notched a...

Opinion: Will Financial Reform Work? It Depends

(July 16) -- In speaking about the financial regulation bill he will soon sign, President Barack Obama said that the bill "will prevent a financial crisis like this from happening again." This is oversimplified -- there is no way to prevent every crisis and this bill doesn't come close. In leaving Fannie Mae and Freddie...

FAA Seminar Draws Wrong Kind of Attention

(Dec. 22) -- As Americans continue to simmer over Wall Street's manhandling of the economy, many of the embattled banks are wisely forgoing annual holiday parties this year. But the federal government may have missed the memo about keeping a low profile. An undercover ABC News report suggests the Federal Aviation...

Fight Over Finance Oversight Gets Hotter

(Dec. 2) - The fight to tame U.S. oversight of banks and Wall Street heated up Wednesday and now looks likely to dominate this week's hearing on the renomination of Federal Reserve Chairman Ben Bernanke. The House Financial Services Committee voted 31-27 along party lines to send an overhaul of financial regulation to the...

Background on government bailout

As a consequence of the subprime mortgage crisis, a variety of government bailouts were implemented to stabilize the financial system during late 2007 and early 2008. Governments intervened in the United States and United Kingdom and several other Western European countries, such as Belgium, France, Germany, Ireland, Luxembourg, and the Netherlands.

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