Feb. 9 (Bloomberg) — The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.
via Bloomberg.com: News.
bailout, bloomberg, congress, governments, mortgage, mortgages, nationalization, news, risk, stimulus, taxpayers
How Schemes to Rescue Wall Street Gamblers Are Prolonging this Recession
Using the “too big to fail” scare tactic, the U.S. government has kept a number of terminally ill Wall Street gamblers on an expensive life-support system that is estimated to cost taxpayers $8.5 trillion.
via Ismael Hossein-zadeh: “Too Big To Fail”: A Bailout Hoax.
bailout, governments, recession, systems, taxpayers
Six more banks — four of them in California — have announced their approval for the Treasury Department’s $700 billion Troubled Asset Relief Program. The total amount of taxpayer capital allocated to the companies was $71.7 million.
via Six more banks get TARP funds – BailoutSleuth.
assets, banking, banks, california, capitalism, department, fundings, TARP, taxpayers