Topic / Bailout

Bailout

Bailout related content:

Bailout stories:

The AIG Bailout Is Still A Mystery Shrouded In Lies
Nov 20th, 2009 - Silicon Alley Insider
Will we ever know why AIG was bailed out and why its credit default swap counterparties were made whole? When AIG first began to ask for a bridge loan from the Federal Reserve...
Geithner, under fire, defends AIG bailout
Nov 19th, 2009 - Reuters
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
Geithner: some bailout funds to help lower debt
Nov 19th, 2009 - azcentral
WASHINGTON - Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end "as soon as we can," and that part of it will be used to lower the soaring federal debt.
UPDATE 4-Geithner, under fire, defends AIG bailout
Nov 19th, 2009 - Reuters
* Geithner pushes for single regulator for largest firms * Regulatory reform bills work through House, Senate * Senator Shelby wants 'complete rewrite' of Senate bill * Schumer...
Lawmakers demand audit, greater transparency from Fed after report criticizing AIG bailout
Nov 18th, 2009 - Los Angeles Times
WASHINGTON (AP) - A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc. The group, led by Rep...

Bailout videos from YouTube:

6:45
Congressman Ron Paul Schools Bernanke on the Bailout Plan
Congressman Ron Paul lectures Bernanke on the flaws of the bailout plan and the hazard of the attempt to fix prices versus letting them correct naturally in the free market at the Congressional Hearing today (9/24/08) ...
4:35
Santa Claus Bailout Hearings
C-SPAN coverage of Santa Claus asking Congress for a financial bailout of the North Pole - Present Giving Industry. If they dont approve his aid package, Christmas may be ruined.
5:09
Goldman Sachs Bribed Senate To Pass Bailout Bill
From the producer of Camp FEMA - Get Washington You're Fired TODAY! - www.WashingtonYoureFired.com -- MORE INFORMATION -- Complete CONTRIBUTION LIST www.washingtonyourefired.com How much bribe ...
4:29
Bailout
Visit www.merlehazard.com for more! Credits Song written by Merle Hazard and Wolf Jackson, based on an idea by David Shayne. Video performed by Merle Hazard, Bull Denim and Wolf Jackson. Song performed by Merle Hazard ...

Bailout from WikiPedia:

A bailout is an act of giving capital to a company in danger of failing in an attempt to save it from bankruptcy, insolvency, or total liquidation and ruin; or to allow a failing company to fail gracefully without spreading contagion.

A bailout could be done for mere profit, as when a predatory investor resurrects a foundering company by buying its shares at fire-sale prices; for social improvement, as when, hypothetically speaking, a wealthy philanthropist reinvents an unprofitable fast food company into a non-profit food distribution network; or the bailout of a company might be seen as a necessity in order to prevent greater, socioeconomic failures: For example, the US government assumes transportation to be the backbone of America's general economic fluency, which maintains the nation's geopolitical power. As such, it is the policy of the US government to protect the biggest American companies responsible for transportation—airliners, petrol companies, etc—from failure through subsidies and low-interest loans.