Word: bailouts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Monday's Chapter 11 filing by Lehman Brothers and the bailout of Merrill Lynch by Bank of America have only added to a yearlong credit crunch that is changing the way film financing deals are structured in Hollywood. Not unlike homebuyers facing tougher standards to get a mortgage, the people who greenlight movies are facing more stringent demands from their financiers. "All of the studios, if they want to get a deal done in this environment, will need to better align their interests with investors," says P. John Burke, a film finance lawyer at the firm Akin, Gump, Strauss, Hauer...
...been a turbulent few weeks for U.S. Secretary of the Treasury Henry Paulson, Jr. As a principal architect of America's economic policy, Paulson (known as Hank) helped orchestrate the Sept. 7 government takeover of mortgage institutions Fannie Mae and Freddie Mac and the $85 billion bailout of insurance giant American International Group (AIG) on Sept. 16. By the close of business two days later, he was reportedly looking to find a long-term solution to the nation's ongoing credit crisis, buoying markets on rumors that the Treasury would create some sort of government agency to absorb banks...
...Freddie Mac, and, now, American International Group (AIG), the Federal Reserve did what it needed to do to protect everyday Americans from serious financial trouble. Beginning last spring with its facilitation of the sale of Bear Stearns, which left taxpayers in the hole for $29 billion, to the August bailout of Fannie Mae and Freddie Mac—an action the Bush administration had repeatedly denied it would take in the past few years —to this week’s announcement of an $85 billion loan for AIG, the Federal Reserve has offered a steadying hand...
...Monetary Authority of Singapore, the city's financial regulator, stated that the financial resources of AIA currently met its requirements - an attempt to assure the public that there was no reason for panic. But after the failure of investment bank Lehman Brothers, the sale of Merrill Lynch, and the bailout of home-mortage giants Fannie Mae and Freddie Mac, hundreds of Singaporeans were taking no chances. Standing in the crowd outside AIA's offices, Karen Foo, 29, said she was only dimly aware of the underlying assets in the investment trust her insurance policy is linked...
...operators. Its pervasive presence in the small nation underscores the insurance giant's global reach - and the global consequences of an unfolding failure of confidence by its far-flung customers. That reach was one of the key reasons why the U.S. government appeared to reluctantly agree to an AIG bailout on September 16 and stepped in to save the insurance giant, whose global balance sheet of assets and liabilities topped $1 trillion. "Its collapse would be as close to an extinction-level event as the financial markets have seen since the Great Depression," money manager Michael Lewitt wrote...