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bailout banks

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Bailout Banks Increase Fees
Bailout banks have received billions from taxpayers, but are they returning the favor? Sharyl Attkisson reports that higher fees and other costs are making banking more expensive.
Tags: Fee, Bailout, MoneyWatch, CBS News, CBS Evening News, Bailout Banks, Sharyl Attkisson, Katie Couric, Taxpayers, Fees, Banks, Banking
Videos 2009-04-13

Additional Resources

Financial Roundup: GMAC Gets Bailout, AIG Dumps Derivatives, Banks Need Help for TARP Aid, FASB Gives Fair Value Break
Merry Christmas, GMAC! -- The financial arm of General Motors, GMAC Financial, got a big present  Christmas Eve when the Federal Reserve allowed it to become a bank holding company. Doing so lets GMAC apply for the $700 billion bailout program and perhaps avoid bankruptcy. [Source: The Associated Press] ...
Tags: Bank, Federal Reserve Board, Financial, American International Group Inc., Derivatives, Financial Accounting Standards Board, Bailout, Financial Services, Financial Accounting, Finance, Peter Galuszka
Blog posts 2008-12-26
Improving the Wall Street Bailout Proposal
Improving the Wall Street Bailout ProposalRE: Improving the Wall Street Bailout ProposalShut down Freddie Mac and Fannie May and let the banks in trouble go bankrupt. The financial market needs this enema. Top off with increased accountability and regulation. And convince the population to buy homes it can afford.RE: Improving...
Tags: Asset management, Financial services, Financial accounting, Wall Street Bailout Proposal, asset, bank
Discussion threads 2008-09-30
Release of rest of U.S. bailout funds gains favor
Republican and Democratic Senate leaders signaled on Monday that they would support the release of the second half of the Treasury's $700 billion financial system bailout fund, despite anger among many rank-and-file lawmakers over the Bush administration's management of the program. As Congress prepared to act, regulators directed thousands of banks...
News items 2009-08-07
Veterans of '90s U.S. bank bailout see opportunity in current one
A tight-knit group of former senior U.S. government officials who were central players in the savings and loan bailout of the 1990s are seeking to capitalize on the latest economic meltdown, enjoying a surge in new business in their work now as private lawyers, investors and lobbyists. With $700 billion in...
News items 2009-08-07
How the Credit Rating Agencies Engineered the Goldman Sachs Bailout [Goldman Project]
Last year's financial collapse was made possible by the greed and incompetence of credit rating agencies, who got paid to lie about the value of subprime debt. It turns out they were responsible for the Goldman Sachs bailout, too. When AIG was bailed out to the tune...
Tags: American International Group Inc., S&P
News items 2009-11-17
Bailout a Double-Edged Sword for Community Banks
Community banks and credit unions are finding themselves in a strange situation these days. They stand to benefit greatly from the financial meltdown of their much bigger brothers as customers look for safer harbors for their money. Yet they don't necessarily want to participate in the $250 billion federal infusion...
Tags: Bank, Community Bank, Financial Services, Peter Galuszka
Blog posts 2008-10-15
In Michigan, bank lends little of its U.S. bailout funds
The bad bets made by executives at Independent Bank of Michigan are on display in spots across the state: a defunct bowling alley, a new but never occupied shopping center and the luxurious Whispering Woods Estates, which offers prime lots for never-constructed dream homes. Now it is the U.S. government making...
News items 2009-08-07
Financial Roundup: Fannie Mae, AIG Claim Feds Too Strict, Bailout Effects Will Take Months, Citi Eases on Homeowners, Banks Gave Big Political Money
Fannie Mae, AIG complain about federal bailout -- Two sagging financial giants, AIG and Fannie Mae, say that conditions and interest rates for their initial bailouts were too strict. The feds have redone AIG’s bailout with easier terms and Fannie Mae wants the same treatment. [Source: The Washington Post] ...
Tags: Bank, Fannie Mae, Financial, American International Group Inc., Homeowner, Citigroup Inc., Financial Services, Peter Galuszka
Blog posts 2008-11-11
Bravo, Geithner for Crackdown on Bailout Lobbying
Timothy Geithner's first act as Treasury Secretary has been to issue new rules limiting lobbying for access to the $700 billion federal bailout program. It's about time. Specifically, Geithner is ordering Treasury to combat lobbying influence over the Emergency Economic Stabilization Act EESA which handles the $700...
Tags: Bank, Bailout, Timothy Geithner, Diane Cantor, Cantor, Financial Services, Peter Galuszka
Blog posts 2009-01-27
Financial Roundup: Bailout Details Monday, Treasury Overpaid, and More
Geithner to announce new bailout plans Monday -- What could be the next major turn in the bailout story is expected Monday when Treasury Secretary Timothy Geithner announces new details. On the table are tighter restrictions for bailed-out banks and using the Federal Reserve instead of a new "bad bank"...
Tags: Bank, Financial, Bailout, Financial Services, Peter Galuszka
Blog posts 2009-02-06
Bailout a Double-Edged Sword for Community Banks
Bailout a Double-Edged Sword for Community BanksRE: Bailout a Double-Edged Sword for Community BanksThink about it. Community banks will be bailing out their competitors through higher taxes.Seriously though, this is a great opportunity for any bank that isn't tied up in this whole bailout mess. The bigs will be shedding...
Tags: Financial services, Community bank, bank, Double-Edged Sword, Bailout
Discussion threads 2008-10-20
Will the Second Bank Bailout Help Business?
"This is a momentous day -- but extraordinary times demand extraordinary policy solutions." Richard Lambert, director general of the CBI, may be right, but businesses are wondering whether the government's intervention on behalf of the banks will improve credit availability. ...
Tags: Bank, Government, Financial Services, Joanna Higgins
Blog posts 2009-01-19
Regional, Small Banks Feeling Fed Bailout Pain
The federal takeover of home mortgage lenders Freddie Mac and Fannie Mae is prompting banks nationwide to mull over their own rescue plans. Many banks own common or preferred stock in the two government-sponsored agencies while a handful “have holdings that are significant,” according to a Sept....
Tags: Bank, Fannie Mae, Federal Reserve Board, Stock, Freddie Mac, Financial Services, Robert Reed
Blog posts 2008-09-09
AIG Bailout Is Both Criticized and Justified by TARP Report
Congress, journalists and former American International Group CEO Hank Greenberg all agree that the November 2008 deal between the New York Federal Reserve and AIG's creditors was sleazy or just plain stupid. Now the special inspector general for the Troubled Asset Relief Program, Neil Barofsky, has weighed in with his report. It both...
Tags: Bank, Troubled Asset Relief Program, Federal Reserve Board, American International Group Inc., Bailout, Timothy Geithner, AIG Bailout, Barofsky, Financial Services, Finance, Ed Leefeldt
Blog posts 2009-11-17
Financial Roundup: Backdating IndyMac, Banks Mum on Bailout, ATM Marketing and More
Regulator let troubled bank backdate records -- Darrell Dochow, top West Coast official of The Office of Thrift Supervision, has ben reassigned following accusations that he let IndyMac Bancorp backdate records. Doing so let the mortgage lender appear to be healthy just before it was seized by the government. [Source:...
Tags: Bank, Financial, Backdating, Bailout, ATM, Mortgages, Financial Services, Networking, Finance, Capital Structures, Peter Galuszka
Blog posts 2008-12-23
With $5B Goldman Play, Buffett Banks on Fed's Bailout
With his $5 billion investment in Goldman Sachs, super-investor Warren Buffett is betting the proposed $700 billion economic bailout package, now being hotly debated before Congress, will soon pass without any major changes or restrictions. Once the proposed bailout legislation is law, the U.S. government becomes the ultimate buyer of bad...
Tags: Bailout, Federal Government, Federal Reserve Board, Finance, Financial Services, Goldman Sachs Group Inc., Government, Investment, Robert Reed, Warren Buffett
Blog posts 2008-09-24
First Bank & Trust Refuses Fed Bailout
The way major financial institutions are feasting on taxpayer-backed bailouts, you'd think every bank in this country has on the feed bag. Not true. Just north of Chicago, dwelling in the People's Republic of Evanston, is First Bank & Trust -- a 13-year-old community...
Tags: Bank, Federal Reserve Board, First Bank & Trust, Financial Services, Robert Reed
Blog posts 2008-11-30
Financial Roundup: 16 Regionals Get U.S. Funds, Bailout Managers Scarce, "Mark to Market" Under Review, and More
Regional banks to get federal money -- At least sixteen regional banks are lined up to get more than $30 billion in stock investments by the Treasury Department. Leading the list are PNC Financial Group with $7.7 billion; Capital One Financial with $3.6 billion; and SunTrust Banks with $3.5 billion. [Source: istockanalyst.com]...
Tags: Bank, Accounting, Financial, Financial Services, Operational Accounting, Finance, Peter Galuszka
Blog posts 2008-10-28
With Bailout In Sight, Big Private Investors Back Banks
While the proposed $700 billion, taxpayer-backed rescue of the economy is grabbing the nation's undivided attention,  private investors are pouring billions into the U.S. financial system and backing banking groups poised to survive the current crisis. Right now, an estimated $40 billion in outside money is being pumped into some of the country's biggest banking concerns....
Tags: Asset, Bank, Financial, J.P. Morgan Chase & Co., Financial System, Wachovia Corp., Warren Buffett, Investor, Citigroup Inc., Morgan Stanley, Asset Management, Banking, Financial Accounting, Operational Planning, Business Operations, Financial Services, Finance, Robert Reed
Blog posts 2008-09-29
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