Word: cards
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Dates: during 2000-2009
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...year of reckoning for GM and the rest of the domestic auto industry, if not the economy as a whole. The GM crisis is raising once again the issue of how far the government should go in rescuing banks, insurance companies, mortgage holders, credit-card issuers and now carmakers. GM has no doubts about it. "Immediate federal funding is essential in order for the U.S. automotive industry to weather this downturn," GM president Fritz Henderson admitted to investors during a conference call in which GM announced a third-quarter loss of $2.5 billion...
...other end of the phone. "She was a receptionist par excellence," says Slater. "I thought, She's a pretty smart cookie, so I assumed her brother would be out of the same mold." John should talk directly to him, he told Cave, and he gave her his card...
...bonds is no longer the best use for the remaining TARP funds. Instead, he said, Treasury is looking at injecting more money into struggling "banks and nonbanks." He said he plans to use some of the remaining bailout fund to support the market for troubled car loans and credit-card debt, as well as to reduce home foreclosures...
Then there are the firms that are not traditional banks that are starting to line up for bailout funds. Earlier this week, American Express filed to change its status to a bank-holding company, which would allow the credit-card giant to apply for TARP funds. Analysts estimate that AmEx could receive as much as $3.5 billion in federal aid. GE Capital is also reportedly looking into applying for a Treasury investment. The troubled finance unit of industrial giant General Electric could receive as much as an $18 billion investment. What's more, a number of members of Congress...
...have spent nearly $200,000 on clothes for herself and her family. One aide described the behavior as “Wasilla hillbillies looting Neiman Marcus from coast to coast.” The governor’s irresponsible shopping spree highlighted the risks of putting a credit card in the hands of the wrong woman—and did little to dispel the preconception that all women are born shopaholics...