April 2009
US Planning to reveal bank stress test results for Top 19 Banks to restore confidence.
The US government could disclose bank stress test results details about the financial health of its top 19 biggest banks in a bid to reassure investors and restore confidence in the financial system. US government regulators are conducting stress tests...
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
Treasury Tells GM To Prepare For "surgical" Bankruptcy
The US government Treasury Department told struggling carmaker General Motors, operating under emergency US government loans, to ready itself for a possible bankruptcy filing by June 1. Members of President Barack Obama’s automotive task force ha...
March 2009
What is U.S. Treasury mortgage modification program?
The deep contraction in the economy and in the housing market has created devastating consequences for homeowners and communities throughout the country. Millions of responsible families who make their monthly payments and fulfill their obligations hav...
February 2009
Financial Stability Plan: What is Timothy Geithner new bank rescue plan?
I don’t know how the private-public partnership will work. But it does look like for the ‘bad bank’ the losses will mostly be suffered by taxpayers, and gains will mainly be by plutocrats. The new plan might be a rerun of the Bush adm...
January 2009
United Kingdom Treasury statement on restructuring its investment in RBS!
Treasury statement on restructuring its investment in RBS to deliver further bank lending to industry and homeowners With continuing instability in the global financial markets, expected to be demonstrated by a run of poor financial results from the in...
Guidance on HMT Treasury Credit Guarantee Scheme and Bank Recapitalisation Fund
Credit Guarantee Scheme Eligible institutions are UK incorporated banks (including UK subsidiaries of foreign institutions) which have a substantial business in the UK and UK building societies. Any other UK incorporated bank (including a UK subsidiary...
United Kingdom's Treasury Statement on the Government’s Asset protection scheme
As part of a a comprehensive package designed to reinforce the stability of the financial system, to increase confidence and capacity to lend, and in turn to support the recovery of the economy the Government is today announcing its intention to offer ...
How Royal Bank of Scotland lost $37 billion: technically insolvent
There is an old saying that financial stocks lead the markets up and conversely lead them down. Which way do you think the markets are heading…hint: who’s getting the most help? Not to worry though, because they say it’s typical during su...
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