Search results
Results from the WOW.Com Content Network
On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action."
Under terms of a $17.4 billion bailout approved by President Bush on Friday, General Motors and Chrysler have three months to turn things around. If they don't, they have to repay the loans and ...
Congress declined to act, but in December 2008 the Bush administration provided a "bridge loan" to General Motors with the requirement of a revised business plan. [23] It said it needed $4.6 billion in loans within weeks, from the $18 billion it had already requested, and an additional $12 billion in financial support in order to stave off ...
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.
Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance ...
During 2007, nearly 2 million new U.S. cars were purchased with funds from home equity loans. Such funding was considerably less available in 2008. [ 104 ] In addition, stock prices fell as shareholders worried about bankruptcy; GM's shares fell below 1946 levels.
A former Howell man has admitted to bilking the government out of $3.75 million in funds set up to aid small businesses struggling during the COVID-19 pandemic. ... loans to distressed small ...
All that money had been returned. $5 billion in loan guarantees for Citigroup ($5 billion). The program closed, with no payment made, on December 23, 2009. $79.7 billion in loans and capital injections to automakers and their financing arms through the Automotive Industry Financing Program. $21.9 billion to buy "toxic" mortgage-related securities.