Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets
(…)
Committed : $11 trillion (total)
Invested: $3 trillion (total)
Archiv: Troubled Asset Relief Program (TARP)
Silicon Valley Bank won’t get a federal bailout, says Janet Yellen: ‘We’re not going to do that again’
Yellen, in an interview with CBS’ “Face the Nation,” provided few details on the government’s next steps. But she emphasized that the situation was much different from the financial crisis almost 15 years ago, which led to bank bailouts to protect the industry.
“We’re not going to do that again,” she said.
Nach Schließung der SVB: USA wollen Silicon Valley Bank nicht retten
Ungeachtet jüngster Finanzmarkt-Turbulenzen nach der Schieflage des US-Start-Up-Finanzierers Silicon Valley Bank (SVB) hat Finanzministerin Janet Yellen eine staatliche Rettung des Geldhauses ausgeschlossen. In der Finanzkrise vor einigen Jahren sei die Regierung zwar auf diese Weise eingeschritten, sagte Yellen im Interview mit dem Fernsehsender CBS. Sie betonte aber: „Das machen wir nicht noch einmal.“
Stop the Coronavirus Corporate Coup
And there‘s a precedent.
In 2008, when Congress was on the brink of passing a $700 billion bailout to Wall Street, something astonishing happened. A motley bipartisan group of roughly a hundred members, as well as outside experts, formed what was called the „Skeptic‘s Caucus,“ and organized enough votes to take down the package. Congressional leaders then attached some minor tweaks, and forced the package through after the stock market crashed. Ultimately, the skeptics failed, and the bailouts ended up shifting power and wealth to an unaccountable elite class.
But for that brief moment, it became clear that opposition to Congressional leadership on corporate subsidies is possible. We will need another Skeptic‘s caucus, and quickly.
The Fed‘s $16 Trillion Bailouts Under-Reported
(20.09.2011)
It is the first audit of the Fed in United States history since its beginnings in 1913. The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis.
Sen. Bernie Sanders (I-VT) amended the Wall Street Reform law to audit the Fed, pushing the GAO to step in and take a look around.
CNNMoney.com‘s bailout tracker
Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets
(…)
Committed : $11 trillion (total)
Invested: $3 trillion (total)
CNNMoney.com‘s bailout tracker
Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets
Committed : $11 trillion (total)
Invested: $3 trillion (total)