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Last updated on April 19, 2014 at 8:45 EDT

Latest Bailout Stories

2014-03-31 16:24:31

Ads Shed Light on Senator's Support for legislation that allows the federal government to seize all profits from mortgage companies Fannie Mae and Freddie Mac causing millions of Americans to lose their savings and pensions ALEXANDRIA, Va., March 31, 2014 /PRNewswire-USNewswire/ -- The 60 Plus Association today released a TV advertisement in North Carolina rebuking Senator Kay Hagan (D-NC) for sponsoring legislation supported by President Obama that will allow the government to take...

2014-03-31 16:24:15

Ads Shed Light on Senator's Support for legislation that allows the federal government to seize all profits from mortgage companies Fannie Mae and Freddie Mac causing millions of Americans to lose their savings and pensions ALEXANDRIA, Va., March 31, 2014 /PRNewswire-USNewswire/ -- The 60 Plus Association today released a TV advertisement in Nevada rebuking Senator Dean Heller (R-NV) for sponsoring legislation supported by President Obama that will allow the government to take over...

2014-01-14 08:33:25

Unaddressed Issue Would Cause 10% Job Loss, Repeat Of 2008 Global Recession DETROIT, Jan. 14, 2014 /PRNewswire-iReach/ -- A report on Detroit's bankruptcy has discovered an unaddressed issue that would devastate the American and global economy if not immediately addressed. The report states that situation is so dire that a foreign cabinet minister and Prime Minister have expressed their full acceptance of the report's conclusions, and that only President Obama has the power to...

2013-12-16 16:20:09

U.S. Treasury sells stake as GM boasts of cash hoard WASHINGTON, Dec. 16, 2013 /PRNewswire-USNewswire/ -- Peter Flaherty, president of the National Legal and Policy Center (NLPC), today posed key questions to the General Motors leadership at a National Press Club press conference, including whether the company will repay to taxpayers the $10 billion direct cost of the GM bailout. News that the U.S. Treasury Department has sold its remaining stake and that Mary Barra will take over as GM's...

2012-10-16 19:20:15

WASHINGTON, Oct. 16, 2012 /PRNewswire-USNewswire/ -- SmarterSafer.org - a coalition of leading taxpayer advocates, environmental groups, insurers, reinsurers and others - today urged Congress to oppose a new proposal (H.R. 6477) being sponsored by Rep. Albio Sires (D-NJ) that would leave taxpayers throughout the country on the hook for billions of dollars in losses and encourage risky development regions most prone to natural disasters. In a letter being sent to Members of Congress today,...

2012-08-28 23:00:26

The presidential election is rapidly approaching and David Chang with Chang and Carlin, LLP explores what is often lost in the rhetoric and verbal attacks are the key issues that affect the lives of every American, specifically bankruptcy and personal financial issues. (PRWEB) August 27, 2012 The presidential election is rapidly approaching, and often lost in the rhetoric and verbal attacks are the key issues that affect the lives of every American. While the dialogue tends to flit between...

2012-05-23 17:17:30

As the U.S. presidential election campaigns heat up, the economic debate is dominated by bailouts, austerity and, inevitably, taxation. Now a new study published in Symbolic Interaction asks why tax is such an important issue to voters and explores the moral ideas which underpin their views. Americans are famously hostile to taxes even though they are not heavily taxed in comparison to Canadians and the British. In their study Dr Jeff Kidder and Dr Isaac Martin, from Northern Illinois...

2012-04-09 02:22:03

NEW YORK, April 9, 2012 /PRNewswire/ -- A new Harris Poll finds that large majorities of the public would be opposed to any new bailouts of the banking, insurance, car or construction industries, and that only rather small minorities think that the 2008 bailouts of the banking and insurance industries helped the economy. However a sizable plurality believes that the 2009 bailout of the car industry (specifically of General Motors and Chrysler) helped the economy. Substantial numbers of...

2012-01-26 11:16:28

The Big Three were so driven by short-term profits that they forgot — or ignored — basic accounting practices that could have helped guard against production decisions with long-term damage, according to an award-winning study by Michigan State University and Maastricht University in the Netherlands. Essentially, the domestic automakers built far more vehicles than they needed while failing to appropriately account for the costs of excess capacity or the damage the...

2011-11-11 08:00:00

Profit Confidential, the popular stock market and economic e-letter, says today that âœto understand the European debt crisis, investors must realize that Greece is not the problem.â New York, NY (PRWEB) November 11, 2011 Profit Confidential, the popular stock market and economic e-letter, says today that âœto understand the European debt crisis, investors must realize that Greece is not the problem.â According to...