Search results
Results from the WOW.Com Content Network
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
The Obama administration has promised to set a $500,000 cap on executive pay at companies that receive bailout money, [85] directing banks to tie risk taken to workers' reward by paying anything further in deferred stock. [86]
The failure of IndyMac Bank on July 11, 2008, was the fourth largest bank failure in United States history up until the crisis precipitated even larger failures, [415] and the second largest failure of a regulated thrift. [416] IndyMac Bank's parent corporation was IndyMac Bancorp until the FDIC seized IndyMac Bank. [417]
For premium support please call: 800-290-4726 more ways to reach us
The U.S. government passed a $700 billion economic bailout package in an effort to stabilize the flailing banking sector. So far, it hasn't worked as hoped and the financial crisis has deepened ...
The economic meltdown of 2008 and the subsequent taxpayer-funded bailout of the financial sector still haunts the world economy, although some bright spots have shown that the battered economy may ...
Maiden Lane II used billions in bailout money to purchase toxic assets, and AIG used billions to pay other banks, including foreign banks—France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion.
If you keep up on banking news, you may have heard the most recent dire report on small banks: If your small bank has taken bailout money from the federal government, ...