Showing posts with label Bailout. Show all posts
Showing posts with label Bailout. Show all posts

Wednesday, November 17, 2010

How much money exactly, in billions, did the US government "bailout" companies with?


Question by montmars: How much money exactly, in billions, did the US government "bailout" companies with?
How much money exactly, in billions, did the US government "bailout" companies with? And how much of that money is expected to be repaid by companies?


Best answer:

Answer by gosam777
That's hard to say. Last figures I've seen, is total bailout money is 8.5 Trillion. But 5.5 trillion of that is Federal Reserve money. The Fed is not a government agency, or government money.

Of the trillion government money around .2 trillion is Treasury Dept money. The majorly, around 0 billion, went to TARP. TARP is generally what is thought of as business bailout money.

Any money paid back to TARP, stays in the fund, is case of future need. So if and when it is recovered, it doesn't go beck into the Treasury until the program is dissolved.

The other .8 trillion government money, is combined FDIC, HUD, FHA, Freddie and Fannie, and other insurance based agency,. Most of that is money allocated to guarantee and back up loans Relatively little of the money represents direct outlays of cash with no strings attached, such as the 8 billion in stimulus checks mailed spring of 2008. Most of the money is going into loans or loan guarantees, asset purchases or stock investments on which the government could see some return.



Know better? Leave your own answer in the comments!

Irish bail-out talks weigh on euro [at Financial Times]

Irish bail-out talks weigh on euro [at Financial Times]
The euro lost ground on Tuesday as investors monitored a meeting of eurozone finance ministers for signs that they would hammer out an agreement to provide support for Ireland.
Read more on Financial Times Finance News (EU) via Yahoo! UK & Ireland Finance




Newsweek, Daily Beast agree to merger
Website Daily Beast and magazine Newsweek have agreed a deal to combine, Daily Beast co-founder and editor Tina Brown said, just weeks after abandoning merger talks.
Read more on Independent Online

Monday, September 27, 2010

Did the GM Bailout Really Save American Jobs?






Complete video at: fora.tv Wilfried Porth, member of the Board of Management at Daimler AG, cautions against the assumption that the GM bailout saved American jobs. He warns legislators against subsidizing the auto industry to the same extent as of the commercial airline industry. ----- The recent economic crisis has accelerated long-run trends by which, over the course of decades, the industrial base in the United States and the European Union has been undergoing a radical restructuring. Globalization, competition from emerging and developing economies, and technological advances have led significant manufacturing employment declines in parts of Europe and the United States. Last year, the United States saw an estimated one-percent drop in its industrial capacity, the largest annual decrease on record, with goods-producing businesses shedding some 2.3 million jobs. In addition, investments in both the United States and Europe into R&D and plants and equipment have decreased, potentially threatening the long-term competitiveness and employment prospects of the US and EU industrial base. "Postindustrialism" has been held up as the new route to prosperity, but one of the obvious advantages of manufacturing is that it creates jobs for a wide range of people—both in heavy industries like the steel and automotive industries as well as high-tech industries like semiconductors or value-added chemicals. At a time when the recession has amplified the challenges for manufacturing ...








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