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The Bailout


Obama on Housing Help

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Bank giant thrown its third lifeline - February 24, 2009 - Taxpayers could soon hold a 36 percent stake in struggling Citigroup as part of a new rescue deal with the Treasury.

In stimulus plan, how much bang for the buck? - February 24, 2009 - Thousands of cities, counties compete for scarce infrastructure funds

Stimulus Formula Discounts Florida, GOP Says - January 30, 2009 - WASHINGTON - Florida Republicans from the Tampa Bay area and elsewhere are questioning whether the state would get its fair share of the $819 billion stimulus package the House passed Wednesday.

Florida may come up short in stimulus - January 30, 2009 - Florida leaders counting on more than $3.5 billion from a massive federal stimulus package to shore up the state's education budget learned Thursday there could be a catch.

At town hall meeting, Wasserman Shultz fields questions about stimulus plan - January 29, 2009 - U.S. Rep. Debbie Wasserman Schultz, a Weston Democrat, fielded questions about the $819 billion economic stimulus plan at a Miami Beach meeting.

Obama slams Wall Street on bonuses - January 29, 2009 - President calls the $18.4 billion in bonuses paid last year 'shameful'

House passes Obama economic stimulus plan - January 28, 2009 - President: 'Perilous moment' requires swift action to kick-start economy

Sen. Nelson outraged at bailout accountability - January 23, 2009 - WASHINGTON - U.S. Sen. Bill Nelson said he received assurances today from the Treasury Secretary nominee that there will be more accountability in how the next batch of funds from the $700 billion economic bailout will be used.

Political Interference Seen in Bank Bailout Decisions - January 22, 2009 - Barney Frank Goes to Bat for Lender, and It Gets an Infusion

Despite billions, banks still teeter on the brink - January 21, 2009 - Wall Street waits on Obama, but no clear solution to the crisis exists

Porn industry seeks own stimulus ... package - January 7, 2009 - Adult industry titans say economy has made Americans ‘go limp’

5 governors unite, seek $1 trillion in federal aid - January 3, 2009 - Governor Deval Patrick and four other influential Democratic governors pleaded their case yesterday for up to $1 trillion in federal assistance over the next two years, to help alleviate budget cuts, create jobs, and avoid inflicting irreversible damage to schools during a fiscal crisis.

Dave Barry Year in Review: Bailing out of 2008 - December 28, 2008 - How weird a year was it?

Refinance rates low; few qualify - December 25, 2008 - Interest rates may have reached their lowest level in nearly 40 years, but that doesn't necessarily spell relief for South Florida's struggling homeowners.

GMAC Becomes Eligible For Bailout Bucks - December 24, 2008 - General Motors' Financial Arm Gets Fed Approval

Ocean Bank consents to Fed agreement - December 23, 2008 - Ocean Bankshares entered into a formal enforcement action with the Federal Reserve relating to the capital levels and the reserve set up to cover bad loans at its Ocean Bank unit.

Banks mum on bailout funds - December 23, 2008 - What have banks done with the bailout money they're receiving? If they know, they're not telling.

Small banks still waiting - December 21, 2008 - Many small community banks are growing frustrated about their inability to access the government's $700 billion financial rescue fund, nearly two months after large banks began tapping the fund for much-needed capital.

Obama increases jobs goal to 3 million - December 21, 2008 - ‘We're going to have to be bold,’ president-elect says of economic plan

$1.6 billion went to bailed-out bank execs - December 21, 2008 - Records show bonuses, chauffeurs, health club benefits, financial planning

Bailout shifts again; floodgates could open - December 19, 2008 - Paulson says Congress will need to free second half of $700 billion fund

Paulson: Congress must release rest of bailout - December 19, 2008 - Last half of $700 billion rescue needed as first $350 billion committed

Automakers get $17.4 billion lifeline from gov't - December 19, 2008 - Government would have option to become stockholder in companies

Auto rescue being worked on quickly: Paulson - December 17, 2008 - WASHINGTON (Reuters) - A government bailout for automakers was being assembled as quickly and carefully as possible, Treasury Secretary Henry Paulson said on Tuesday as a new ratings report showed that bankruptcy was the most likely restructuring scenario for the industry.

White House says no auto deal is imminent - December 14, 2008 - Bush administration to consider using $700 billion bailout to help industry

Ros-Lehtinen Talks About Auto Bailout - December 12, 2008 - S. Fla. Representative Voted Against Bill

Port Of Miami Tunnel Plan Collapses - December 12, 2008 - MIAMI -- Plans to construct a tunnel under the Biscayne Bay have collapsed.

White House Action On Bailout Not Imminent - December 12, 2008 - Administration Says It's Ready To Step In To Avoid Collapse

The Slate Bailout Guide - December 12, 2008 - An interactive cheat sheet on the trillions of dollars in federal rescue packages.

Major hurdles stand in way of foreclosure relief - December 12, 2008 - Georgia woman's struggle to save home leads into red-tape nightmare

White House may tap Wall Street fund for autos - December 12, 2008 - Administration says could use $700 billion fund to help ailing automakers

Dems, White House Work On Auto Bailout Bill - December 7, 2008 - WASHINGTON -- Congressional Democrats and the White House are trying to resolve remaining differences over a $15 billion rescue for Detroit automakers.

White House, Democrats reach deal on $15 billion auto aid - December 5, 2008 - WASHINGTON (Reuters) - Democratic leaders and the White House reached a deal to provide billions of dollars in relief to the ailing U.S. auto industry, a senior congressional aide told Reuters on Friday.

New twist on auto bailout would net Florida cars that get 42 mpg - December 5, 2008 - Washington, D.C.  - The heads of the big three U.S. car companies today are on Capitol Hill for the second day in a row, trying to convince Congress to give them billions of dollars.  But Florida’s senior U.S. senator is putting an interesting twist on whether he might vote for a government bailout of the domestic automakers.

The Big 3 make another pitch - December 5, 2008 - Having learned their lesson last month, a chastened group of automakers again approached Congress for a bailout. Whether they will get it remains unclear.

Borrowers look for a 'taste of the bailout pie' November 27, 2008 - Consumers flock to cheaper mortgages after Federal action

Bernanke: I Didn't Predict Mortgage Fallout - November 23, 2008 - WASHINGTON -- Federal Reserve Chairman Ben Bernanke said he was wrong to believe there would be limited fallout from risky mortgages that soured after the housing market's collapse.

Government Working Citigroup Rescue Plan - November 23, 2008 - WASHINGTON -- The government is weighing a plan to rescue Citigroup Inc., whose stock has been hammered on worries about its financial health.

Congress weighs bailout plans for automakers Ford, GM and Chrysler - November 13, 2008 - CONGRESS WEIGHS SEVERAL OPTIONS TO BAIL OUT FORD, GM AND CHRYSLER AS THE CAR MANUFACTURERS TRY TO AVOID BANKRUPTCY

Bailout lacks oversight despite billions pledged - November 13, 2008 - Watchdog panel is empty; unfinished monitoring report misses deadline

Critics say new federal mortgage plan not enough - November 12, 2008 - WASHINGTON—Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough.

Paulson shifts course, won't buy troubled assets - November 12, 2008 - U.S. to use proceeds of $700 billion plan to bolster banking system directly

Banks to use bailout for lending, acquisitions

Bailout expanding to insurers October. 27, 2008

Companies Start Competing For Bailout Money October 26, 2008

US Rep. Meek Hosts Homeowner Forum October 25, 2008

Treasury considers backing mortgages

Huge price tag may thwart tax cut plans

U.S. confronts possibility of deep recession



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Quote of the Year

The word 'politics' is derived from the word 'poly', meaning 'many', and the word 'ticks', meaning 'blood sucking parasites'.

Larry Hardiman

What Happens when you ignor politics When you ignor politics and when you least expect it then its too late.