BAILOUT

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Cyprus: crucial vote on savings seizure looms

NICOSIA, Cyprus (AP) — The Cypriot government was struggling Tuesday to gain parliamentary support for a plan to confiscate a part of people's bank deposits, a deeply unpopular scheme that needs to be passed if the country is to qualify for an international bailout and avoid financial disaster.

By Associated Press , March 19, 2013

Auto town on the mend, but bailout still divides

KOKOMO, Ind. — Back in this town's darkest days, Jeff Shrock, a third-generation autoworker, would cruise down the streets where he grew up, past the foreclosed homes and four giant Chrysler factories, knowing their future — and his job — were in jeopardy.

By By Sharon Cohen, Associated Press , February 26, 2012

Greek prime minister defends bailout deal

In a televised address, Greece's prime minister has defended austerity measures that include painful wage and pension cuts but would ensure the country receives a €130 billion ($171.6 billion) bailout deal and stave off bankruptcy.

February 11, 2012

Greece reaches deal with troika on new cutbacks

ATHENS, Greece (AP) — Greece says it has struck a deal with its bailout creditors on adopting harsh new austerity measures needed to avoid a disastrous bankruptcy.

February 09, 2012

Taxpayers to front bank liquidation

A Senate measure advertised as protecting taxpayers from another Wall Street bailout would still leave them fronting the money if the government moves to liquidate a big failing company like insurance giant AIG.

May 04, 2010

No bailouts for mortgage borrowers

The nation’s banks suddenly find themselves under pressure to throw greater lifelines to their most troubled mortgage borrowers. But don’t expect every struggling borrower to get a bailout.

March 26, 2010

Geithner to testify on bailout deals

Treasury Secretary Timothy Geithner is set to testify before a House probe into his role in deals that sent billions of bailout dollars to Goldman Sachs Group Inc. and other big banks. Staffers for the House Committee on Oversight and Government Reform say Geithner is confirmed to appear at a hearing Jan. 27 on the bailout of American International Group Inc.

January 15, 2010

Other views: Government must reduce spending

The explosion of national debt, driven most recently by bailout and stimulus programs, has reached an alarming and critical point. The dire impact of that debt on generations to come should not be underestimated. The out-of-control spending has to stop.

By The Bismarck Tribune , December 30, 2009

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Bailout fund set to help small firms

The Obama administration is setting aside $30 billion from the financial bailout fund for a program designed to encourage lending to small businesses to aid the economic recovery.

December 19, 2009

Citigroup to repay bailout money

Citigroup said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. The government also will sell its one-third stake in the company.

December 15, 2009

Bank of America repays bailout funds

Bank of America Corp. said Wednesday it has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program.

December 10, 2009

Fresh bailouts for smaller banks likely

Treasury officials and regulators are weighing a fresh round of bailouts for banks that were deemed too risky to qualify for earlier aid.

September 26, 2009

Bank offering to repay some aid

Bank of America Corp. is looking to pay back some of the billions in federal bailout aid it has received in an effort to get out from underneath the government’s thumb, according to a published report.

September 02, 2009

CIT shares plunge after bailout refusal

Denied a federal bailout, CIT Group Inc. saw its shares plunge 75 percent Thursday as bondholders scrambled to find an 11th-hour solution that would keep the commercial lender out of bankruptcy protection.

July 17, 2009

Ten banks to return their bailout money

Ten of the biggest U.S. financial companies got a green light Tuesday to return $68 billion in federal bailout money — freeing the banks from limits on executive pay and leaving the government with a small gain on the rescue cash.

By By Daniel Wagner, The Associated Press , June 10, 2009

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