Word: bailouts
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...other important issue which has been raised is whether Merrill Lynch hid any of the problems on its balance sheet from B of A. According to Reuters, "New York Attorney General Andrew Cuomo is reportedly looking into whether federal bailout loans to BofA were used appropriately, and if shareholders of both companies were given all the necessary information about Merrill's finances...
...want to make President Bush's debt-exploding tax cuts permanent. They say Democratic spending plans are full of pork - then they propose an extra $24 billion for the Army Corps of Engineers, the federal equivalent of Oscar Meyer. Let's just say their idea bank could use a bailout...
When the government provided GM and Chrysler with $13.4 billion to support their operations though the first quarter, a number of members of Congress objected to the bailout which has been estimated to carry a $34 billion price...
When The Big Three CEOs were making their initial pitch for federal funds in early December, the chief economist at Moody's Economy.com said that the car companies were "low balling" their needs. He testified at a House hearing and said that the amount of the bailout would have to be $75 billion to $125 billion...
...Many people are now remembering that in Washington, bigger is hardly ever better. We're glad that then Treasury Secretary Henry Paulson's original $700 billion bank bailout was split in two, so that having apparently squandered the first $350 billion, we have a chance of getting it right the second time...