Word: bailing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Geithner's staff made the discovery that would infuriate nearly everyone in Washington. On March 10, the Secretary learned, 10 days after his staff first got wind of it, that AIG had paid out $165 million in retention bonuses to executives at the unit that compelled the U.S. to bail out the company in the first place. It took Geithner until 7:40 the next night to place what must have been a tense phone call to AIG's newish CEO, Ed Liddy. The bonuses were not tenable; they had to be canceled, he demanded. Liddy, a dollar-a-year...
Address the anger. The public is mad about having to bail out the financial institutions who got the world into this mess - and the recent revelations about payouts to fat-cat executives at AIG, RBS and elsewhere are stoking the anger. It's time for some symbolic action. One suggestion: an agreement that every firm receiving taxpayers' money should pay its employees the same as other public-sector workers, such as teachers. That would assuage public fury, and provide an incentive for the banks and insurers in question to sort out their problems fast...
...While there have not been any proposals to sell assets held by the U.S. government, it may come to that if tax receipts are undermined by the recession and spending continues to rise in order to bail out financial institutions and add jobs to the economy...
...After Madoff's guilty plea, Judge Chin, citing flight risk, denied bail, sending Madoff to jail immediately. The charges against him could result in a sentence of up to 150 years in prison. He will face sentencing June...
...family thrived after the war, but now it faces diaster. Even without the Auschwitz allegations, the foundations of the Schaeffler industrial empire have been shaken. With the German government (and Germany's taxpayers) refusing to bail her out, Maria-Elisabeth Schaeffler will have to give up a significant stake in the company to pay off creditors and could lose control of the family business. She has gambled high before and - defying the odds - won. She once said in a rare interview, "You don't get anywhere in this world by being nice to everyone." No one is being nice...