government bailouts News

government bailouts News From AOL News

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...

Dead Stimulus Walking: Feds Mailed Millions in Checks to the Deceased, Jailed

(Oct. 7) -- Who says you can't take it with you? According to a new report from the Office of the Inspector General, $18 million worth of stimulus checks were mailed out to people who were no longer among the living. Here is how the report broke the news: Our review disclosed that 71,688 beneficiaries who were deceased...

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...

government bailouts News From AOL

AOL AUTOS

Ford Pulls Commercial The White House Hates

Ford Motor is bowing to political pressures and pull an ad it began running earlier this month featuring a real customer complimenting the automaker for not taking government bailout money.

THE HUFFINGTON POST

Subprime Mortgage Solutions Without Government Bailouts

It is not the purpose, duty, or obligation of government to (a) bailout the mistakes of the private sector whether they be business or individual; or (b) enable elected officials to devise policy and proposals that pander for votes or campaign support from special interests at public expense.

government bailouts News From the Web

11/22/11 Was the Government Bailout of AIG Illegal? Source: Time Not even, apparently, the people being bailed out.
11/11/11 Will the Government bail-out Kingfisher? Source: NDTV Cash-strapped Kingfisher airlines that has been in the news for numerous flight cancellations in the past few days, has now approached the government for help.
09/23/11 Protest Against Government Bailouts Source: FOX - KSAZ 10 - Phoenix AZ Protesters rallied outside a Bank of America in central Phoenix Friday as part of the "Occupy Wall Street" movement.
05/09/11 Government Bailout Worked Source: Dean`s World
04/26/11 AMI undecided on Government bailout Source: Otago Daily Times Struggling insurer AMI says it does not yet know if any Government bailout will be necessary and its head says it will be weeks before that becomes clear.

Background on government bailouts

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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