bailout

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EU summit to focus on banking union

Oct 18, 2012
European leaders meet in Brussels today for a summit on whether to enact a banking union across the EU and check in on beleaguered Greece.
Posted In: Greece, bailout, ECB

Is 'bailout fatigue' creeping up in Europe?

Oct 2, 2012
Whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank for a sovereign bailout causing bond and equity markets in Europe to zig and zag throughout the day.
Posted In: spain, Europe debt crisis, bailout, Germany

General Motors hopes to break free of Treasury

Sep 17, 2012
According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake -- currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.
Posted In: General Motors, bailout, U.S. Treasury

German courts OK Europe rescue fund

Sep 12, 2012
Germany's top court has given the green light to Europe's new rescue fund. The court rejected claims that the fund was illegal under German law.
Posted In: Europe debt crisis, German, legal, bailout

Spanish leader yet to agree on bailout conditions

Sep 11, 2012
Last week in Europe there was relative euphoria: The European Central Bank said it stood ready to buy the government bonds of any nation that came seeking its help. That would help countries like Spain and Italy keep their borrowing costs down, and keep them from lapsing into financial crisis.
Posted In: spain, Europe debt crisis, bailout

U.S. selling AIG stake, but still holds many others

Sep 10, 2012
The U.S. government will continue to hold major stakes in the housing and financial worlds even though it is set to sell most of its remaining investment in AIG.
Posted In: AIG, bailout

Former Treasury official: AIG no longer 'too big to fail'

Sep 10, 2012
The former Chief Restructuring Officer at the U.S. Department of the Treasury says the government could end up making $20 billion on the AIG bailout
Posted In: AIG, bailout, financial crisis, U.S. Treasury

Neil Barofsky on the failures of TARP

Jul 23, 2012
The Troubled Assets Relief Program -- TARP -- was the formal name for what we often just call "the bailout." In 2008 Congress allocated $700 billion to stabilize the U.S. financial industry. Congress and President Bush assigned one man to build a team, and police all that spending.
Posted In: TARP, bailout, Banks

New fears of Spanish bailout rise

Jul 23, 2012
Overseas markets are sliding this morning on new worries about Spain. After last week's bank bailouts, that seemed like an end to the country's crisis, Spain's borrowing costs are up again to 7.5 percent.
Posted In: Europe debt crisis, spain, bailout

Cyprus requests eurozone bailout

Jun 26, 2012
The tiny Mediterranean island nation of Cyprus is formally asking for a bailout from Europe. The country says it needs more than $10 billion from its eurozone partners to avoid default.
Posted In: cyprus, Greece, Europe debt crisis, bailout

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