Its been almost 4 years they took bailout and they haven't returned it back. At the same time they say economy is now doing good, but these shameless 3 companies don't care to return back. how come? if you take a loan from bank, would the bank ever say, "return when you feel like"?
all the...
penny and now has record profits? All the money repaid, tens of thousands of workers at GM and their suppliers working (and paying taxes). Obama was dead right and the right wing ("Let GM fail!") was (as always) dead wrong.
Could you explain the bailout of these companies in simple terms. I would like to know more about them, because I did not fully understand the bailout. Thanks, God Bless
...nationalized GM and Chrysler? and in the summer and fall of 2008 went on TV and to congress to press for bailout of Wall Street and now Republicans are all against "the expansion of government"?!?!?
...nationalized GM and Chrysler? and in the summer and fall of 2008 went on TV and to congress to press for bailout of Wall Street and now Republicans are all against "the expansion of government"?!?!?
...nationalized GM and Chrysler? and in the summer and fall of 2008 went on TV and to congress to press for bailout of Wall Street and now Republicans are all against "the expansion of government"?!?!?
committed by Fed per TARP insp'r. CFR? doesn't want it audited.... but isn't that exactly what should be done to find where the money went and whether market ups mean anything?
Why would Council on Foreign Relations' Foreign Affairs Journal say this:
""Congress' ire cuts across party lines...
U.S. President George W. Bush, saying "our entire economy is in danger,"
"We're in the midst of a serious financial crisis, and the federal government is responding with decisive actions,
He said passage of the $700 billion bailout proposal was needed to restore confidence in the market...
GM, Chrysler submit bailout plans to Congress
Yesterday, General Motors and Chrysler submitted to Congress their formal plans for restructuring to justify additional billions in taxpayer aid.
The final tally to maintain GM, Chrysler, and their suppliers: $56.5 billion
GM had already...
Ok, I was mixed on the first bailout for these guys. Now they want $16.6 billion more? What is the real deal here? How can we all afford this? Hearing this just angers me. I feel now we are throwing money into a black hole. Am I not seeing the big picture here? I mean how much money are we going...
GM, Chrylser to get $7 billion more in bailout funds
It looks like General Motors and Chrysler will get more emergency funds from the federal government, even before the struggling automakers submit their restructuring plans.
GM will get $4 billion and Chrysler will get $3 billion--that's...
Cerberus bought Chrysler Given Cerberus's track record does it make sense to just give them our money so they can pocket it then close Chrysler? Cerberus bought troubled retailer Mervyn"s. It then stripped off all Mervyn's valuable assets moving them to the parent company. Once this was...
banks are receiving taxpayer money to cover their losses, but they still are coming after the people who defaulted on their loans, it's like paying twice. who can contact to make this issue known?
banks instead of just giving them? money? Win, Win. The banks get money and homeowners get a benefit as well even if it is only, say, $5 to each BOA mortgage holder.
...plan isn't going to working? Will it be the Republicans that say, they thought that it would fail all along, but they tried to fix the problem to no avail?
Or will it be the Democrats that say if it hadn't been for Republican changes, the bail out would have worked?