Word: bailout
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...Monday, Randal Quarles, a managing director at the Carlyle Group and a former Treasury official, told an audience at a conference on the Treasury's bailout fund - which is called the Troubled Asset Relief Program (TARP) - that he thought the fund could need to double in size. "The amount of assistance provided so far is not enough," Quarles said. "The losses out there are materially larger than TARP and will likely require more support than the current $700 billion...
...direct investments into banks. Shortly after the Emergency Economic Stabilization Act was passed by Congress, the Treasury said $250 billion was going to be used to buy shares in banks. That would leave $450 billion to buy up troubled mortgage bonds. (Read "18 Tough Questions [and Answers] About the Bailout...
...merge to become more significant international players. "In hindsight, that decision may have saved Canada from having a Royal Bank of Scotland on its hands," says Lawrence Booth, a finance specialist at the University of Toronto's Rotman School of Management, referring to the overly ambitious bank's bailout earlier this month by the British government...
...both solar and wind, as the two energy sources are complementary - when the sun isn't shining, the wind often blows and vice versa. The good news is that Congress passed an extension to the production tax credits for wind and solar power in the recent economic bailout package, which will make installing your own electrical supply cheaper going forward...
...stands, moderates and conservatives alike predict that Ohio Republican John Boehner is likely to stay in charge on the strength of his handling of the bailout rebellion in September and the drilling fight over the summer. Majority leader Roy Blunt, long the object of complaint among party foot soldiers, announced Thursday that he would step down, a day after the party's No. 3, Adam Putnam, did the same...