Will the $700 Billion Government Bailout Work?

November 2008
Financial Executive;Nov2008, Vol. 24 Issue 9, p9
Academic Journal
The article discusses the U.S. government's $700 billion bailout plan for the financial industry. Under enabling legislation the secretary of the Treasury has wide latitude for how the funds are used. In addition, bank-account limits for Federal Deposit Insurance Corporation insurance were raised to $250,000 per account. Christopher G. Brown of Begos Horgan & Brown LLP believes the Treasury must be careful about which distressed securities it buys from financial institutions.


Related Articles

  • New Powers Mean New Questions For FDIC. Adler, Joe // American Banker;4/7/2009, Vol. 174 Issue 66, p1 

    The article discusses questions regarding the mission of the Federal Deposit Insurance Corp. (FDIC) in view of its growing involvement with the bailout of the U.S. banking and financial industry. The U.S. Treasury Department has tasked the FDIC with administering the bailout of U.S. banks with...

  • Citigroup, feds finalize agreement for bailout. Dillard, Gabriel // Business Journal Serving Fresno & the Central San Joaquin Valley;11/28/2008, Issue 323950, p17 

    The article reports on the agreement of Citigroup Inc. and the U.S. Treasury Department to bailout $20 billion for the banking industry in California. Under the deal, the Treasury and Federal Deposit Insurance Corp. (FDIC) will guarantee up to $306 billion loans backed by commercial and...

  • Ms. Bair Stays in Washington. BERLAU, JOHN // National Review;10/19/2009, Vol. 61 Issue 19, p20 

    In this article the author presents his views on the competence of Sheila Bair, chairman of the U.S. Federal Deposit Insurance Corporation (FDIC). The author questions Bair's management because, according to the Associated Press, the FDIC insurance fund is at its lowest point since 1992 and may...

  • Find Out Real Cost of Failures And Bailouts. Barnett, Robert E. // American Banker;7/2/2009, Vol. 174 Issue 126, p14 

    The author offers opinions on U.S. government policy towards the global financial crisis. He urges that an accounting be done of the costs of bailouts and assistance to banks and other institutions to the Federal Deposit Insurance Corp., Treasury Department, and other administrative agencies. It...

  • Bailout Fever: Rush To Judgment. Isaac, William M. // Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p3 

    The article reports that the Congressional leaders are limiting to enact the $700 billion real estate loan purchase from Wall Street, which was proposed by the U.S. Department of Treasury. It notes that depositors are getting intense, in reaction to the failure of IndyMac Corp., in which...

  • Briefs.  // Pratt's Letter;8/27/2012, p4 

    The article offers news briefs related to banking and finance in the U.S. including the selection of Jennifer Shasky Calvery as Director of the Financial Crimes Enforcement Network of the Department of the Treasury and the launch of an Alliance for Economic Inclusion (AEI) initiative by the...

  • Guarantees Too Good to Be Free. Pollock, Alex J. // American Banker;12/16/2010, Vol. 175 Issue 193, p4 

    The article argues that government agencies such as the Federal Deposit Insurance Corp. that receive guarantees from the U.S. Treasury Department should be made to pay for those assurances.

  • To Bail or Not to Bail? McKinley, Vern; Gegenheimer, Gary // USA Today Magazine;Jul2009, Vol. 138 Issue 2770, p25 

    The article discusses the financial-institution bailout policy of the administration of U.S. President Barack Obama as of 2009. The Federal Deposit Insurance Corp., Federal Reserve and Treasury Department implement the bailout policy. The authors emphasize the lack of transparency of the policy....

  • As banks repay loans, Treasury to ask how bailout money spent. Brush, Silla // Hill;12/17/2009, Vol. 16 Issue 149, p21 

    The article reports on the investigation of the U.S. Department of the Treasury on how the bailout money was spent by the individual banks.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics