Word: reliefer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...financial system may push a number of banks out of business. In the past few weeks, as many as 67 financial firms have received a portion of the $700 billion bailout approved by Congress. But absent from the list of companies approved for the government's Troubled Asset Relief Program (TARP) are a handful of midsize banks, which rank among the 50 largest in the nation by the Federal Reserve. And that has a number of analysts and investors who follow these companies worried. "It's a case of be careful what you wish for," says Thomas Brown, whose hedge...
...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...
...their semi-bailout of Bear Stearns in March, it's easy enough to see where that decision came from. Less easy to understand is why Paulson initially stubbornly insisted that the bailout bill be structured as an asset-purchase plan - it's still called the Troubled Asset Relief Program, or TARP - rather than as a straightforward recapitalization of troubled banks. Treasury has since switched to the latter approach, so far putting $216 billion of the TARP hoard into capital injections. On Wednesday, Paulson said that Treasury has concluded that, for the moment at least, buying illiquid mortgage securities...
...soon. Nine other suspects, including former aides, officials and his brother-in-law have already been detained. With the numerous scandals that have swirled around Chen's inner circle the past two years, political commentator and Chen's former advisor Antonio Chiang says, "His arrest will be a great relief to the DPP, and to the people...
...jobs. “The very agencies that help people with the myriad of issues they face are struggling themselves because funding is reduced, and maybe they even have a spouse or partner who lost their job somewhere else,” Semonoff said. DHS agency directors expressed relief that Question One—the ballot measure that would have eliminated the current 5.3 percent income tax—failed to pass last Tuesday. Income tax accounts for nearly $12 billion in state revenue. According to Reddy, the effect of the repeal if passed, would have been...