Dear Wall Street: you've got bail!
Tags: EDITORIALS; BAILOUTS (Finance); GOVERNMENT aid; INTERNATIONAL economic assistance; FINANCIAL crises; BANKING industry -- United States
Related Articles
- Why More Lending Isn't Always the Answer. Albertson, Robert // American Banker;11/12/2008, Vol. 173 Issue 219, p11
This article discusses reasons why more lending, especially under the Troubled Asset Relief Program, might not be the answer to the problems with the financial industry in the United States. The author believes that the U.S. government will be making a mistake by asking banks to lend rather than...
- FDIC Tells State Banks To Monitor Tarp Uses. Adler, Joe // American Banker;1/13/2009, Vol. 174 Issue 8, p1
The article reports on the Federal Deposit Insurance Corp.'s 2009 decision to require all of its supervised institutions to monitor and report how they have spent all funds that they have received in a U.S. government bailout. The requirement came after criticism developed which suggested that...
- 300 Million American Heads Simultaneously Explode. C. J. C. // Bank Loan Report;3/30/2009, Vol. 24 Issue 13, p2
The author focuses on the impact of the global financial downturn to the U.S. citizens. The author mentions the sufferings felt by most of the citizens in the country and cites the measures of several financial institutions in order to maintain their respective operations. The author highlights...
- Treasury Capital Plan Needs Adjustments. Isaac, William M. // American Banker;11/12/2008, Vol. 173 Issue 219, p11
This article discusses reasons that the U.S. Treasury Department needs to grant an extension to banks to file for participation in the department's Capital Purchase Program. The article recommends that banks that don't need the capital to decline the offer unless changes are made that reduce...
- Get used to closer ties with governments. // Automotive News Europe;10/27/2008, Vol. 13 Issue 22, p0010
The author focuses on the importance of the collaboration between the automobile industry and governments in solving the problems caused by the financial crises. Globally, the auto industry's 50 million employees build more than 70 million vehicles a year. Sales of automakers, suppliers, new-...
- Fearing regulation, LI banks avoid bailout money. Glasser, Laura // Long Island Business News (7/1993 to 5/2009);12/19/2008, Vol. 55 Issue 62, p7A
The article reports that the banks are avoiding the bailout money in Long Island, New York. According to Brad Rock, chief executive of Hauppauge-based Bank of Smithtown, the reason they are undecided is there are large differences of opinion among the U.S. Treasury, bank regulators and Congress...
- With the economy, failure must remain an option. // Long Island Business News (7/1993 to 5/2009);12/5/2008, Vol. 55 Issue 60, p17A
The author reflects on the concern over the move of the government to bail out failing business amidst financial crisis in the U.S. The author argues that subsidizing inefficient, failing business means a loss of productivity, innovation, investment and growth. The author believes that failure...
- Big 3 Bailout... Now What About The Rest? Wells, Anna // Industrial Maintenance & Plant Operation;Jan2009, Vol. 70 Issue 1, p6
The author offers her views about the bailout of the automotive market in the U.S. The author mentions that many people showed concern for the devastation of families and communities and yet still feared that such recompense would only further encourage a nation of people who fail to live within...
- Businesses that failed to plan can't be rescued by a bailout. Schwartz, David // Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP27
The author reflects on the idea that the U.S. casino business will survive the financial crisis. It is noted that as of November 2008, the economic situation has cost thousands of Las Vegans their jobs as casinos in Nevada have trimmed their staffs and halted or delayed construction projects....


