Uses for $700 billion bailout money ever shifting - San Francisco Gate
Story date: 2008-10-25 09:50:00
Added on: 2008-10-25 10:38:54
First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets. Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would ...
Read more...
Related Stories:
-
US Congress examines $700-billion rescue program (GMA News)
WASHINGTON - While the Bush administration shifts course on its $700 billion rescue plan, Congress is examining whether even bigger changes should...
2008-11-12 11:52:26 -
Romney says stimulus proposal would rescue economy (Washington Post)
JACKSONVILLE, Florida (Reuters) - Republican presidential contender Mitt Romney said on Saturday his $233.4 billion U.S. economic stimulus plan would rescue an...
2008-01-26 06:54:37 -
Treasury provides support for 92 more banks - Shreveport Times
WASHINGTON — The Treasury Department says it has provided an additional $4.7 billion to 92 banks as part of the government's $700...
2008-12-24 02:09:00 -
As woes mounted, banks paid well BONUSES: Nearly $1.6 billion given to ... - Herald Tribune
Banks that are getting rescue funds from taxpayers awarded their top executives nearly $1.6 billion in salaries, bonuses and other benefits last...
2008-12-22 12:24:00 -
Treasury to take $250 billion stake in banks to infuse capital (USA Today)
The Treasury Department will announce today a dramatic revamping of its $700 billion plan to rescue ailing financial firms, quickly using up...
2008-10-13 06:50:31 -
South Korea Pledges $130 Billion to Aid Banks, Market (Update1) - Bloomberg
Oct. 20 (Bloomberg) -- South Korea sought to rescue its financial system by guaranteeing $100 billion of lenders' foreign-currency debts and providing...
2008-10-19 06:54:00 -
Paulson Must Make $700 Billion Rescue for Banks Work (Update1) (Bloomberg)
Sept. 29 (Bloomberg) -- Treasury Secretary Henry Paulson and congressional Democrats hammered out a consensus on spending up to $700 billion to...
2008-09-29 05:09:04 -
A look at financial developments around the world (INO News)
BERLIN (AP) _ Germany's parliament overwhelmingly approved a 500 billion euro ($675 billion) rescue package for the country's financial markets. The German...
2008-10-17 02:45:07
