“A billion here, a billion there, and pretty soon you’re talking about real money.”
WASHINGTON (AP) — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., from the $700 billion bank rescue program.
The government will receive preferred shares that pay an [...]
China is serious about keeping their economy roaring. They must. The paranoid government doesn’t want a revolt (there have been thousands of demonstrations of one sort or another during the last several years). Okay, we’re talking about sometimes dozens of people in a country of 1 billion +.
China’s stimulus was huge for its size in [...]
Reuters
Tuesday, Nov 18, 2008
Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent.
“This is part of our strategy to ensure Aegon has the strongest capital position possible,” said Aegon spokesman Greg [...]
“Hartford said it may be eligible for a capital purchase of between $1.1 billion and $3.4 billion under existing Treasury guidelines”
They spent $10 million on the S&L, they’re eligible for between 110X to 340X that 10 million. Everybody and their dog (American Express) are positioning themselves to steal a share of the taxpayer’s 750 [...]
“AIG reports third-quarter record loss of $24.47 billion”
And as a reward Americans give them future tax dollars and no one goes to jail. What a joke. By the way, Losses are only greater than expected by a factor of 10x. That’s not a loss. That’s an Enron type collapse. The loss just get 10 times [...]
NEW YORK (MarketWatch) — Circuit City Stores on Monday said it filed for protection from its creditors under Chapter 11 of the U.S. bankruptcy code. The Richmond, Va. company said it negotiated a commitment for $1.1 billion in debtor financing. “(The) company intends to build on recent efforts to streamline the company and create a [...]
Dont forget european companies bought in the wall street gangster banksters lies that the u.s. is the best place for investments and return. there was no evidence they just kept repeating the lies over and over till people believed it, coupled with beaming pictures all over the world of every day people living in McMansions [...]
When the DOW went to 14,000, it set a new price high but, the value, what you could buy if you sold the DOW at 14,000, wouldn’t buy you what it would when it peaked in 2000.
We could see DOW 50,000 within a year if the G-20 meeting were to announce a new global currency [...]
But the Frankfurt giant managed to turn a third-quarter profit of $575 million, and that’s because it took advantage of a new European Union accounting change.
Deutsche Bank was able to shift 825 million euros, or roughly $1.1 billion, in assets before tax to its loan bank from its trading book — meaning that it doesn’t [...]
WASHINGTON (MarketWatch) — The Federal Reserve had extended $784.5 billion in special liquidity programs to the financial system as of Wednesday, up $104.6 billion from the previous Wednesday. Much of the increase was in the new term auction credit, which nearly doubled to $263.1 billion. Discount window loans to banks rose to a record $101.9 [...]
HONG KONG (MarketWatch) — Japanese insurer Yamato Life Insurance Co. filed for bankruptcy protection from creditors Friday, reportedly becoming the first in the industry to do so in seven years. The insurer said recent declines in the value of its securities holdings had impaired its balance sheet, with liabilities exceeding assets by 11.49 billion yen [...]
HONG KONG (Dow Jones)–Bank of America Corp. (BAC), which has just completed a US$10 billion stock offering to shore up its finances, said late Wednesday it is committed to keeping a “major” part of its 10.8% stake in China Construction Bank Corp. (0939.HK).
The comment suggests the biggest U.S. bank by market value and deposits [...]
NEW YORK (MarketWatch) — Constellation Energy Group (CEG) CEO Mayo A. Shattuck said the company is receiving $1 billion in cash on Monday as part of its upcoming sale to Berkshire Hathaway’s MidAmerican Energy Holdings. In a conference call, Shattuck said the demise of Lehman Brothers led to speculation about his company’s financial health, despite [...]
UBS Faces Further $5 Bln Writedowns - Report
Last Update: 9/14/2008 10:01:28 AM
ZURICH (AFP)–Switzerland’s biggest bank UBS AG (UBS) is set to write down a
further $5 billion in assets amid continuing financial turmoil, Swiss weekly
SonntagsZeitung reports Sunday.
The bank will post the loss in the second half of the year and is likely to
inform markets just before [...]
NEW YORK (MarketWatch)– Republic Services Inc. said Monday it has secured an
additional $1.75 billion in financing to help pay for a proposed merger with
Allied Waste Industries Inc. . The Fort Lauderdale, Fla.-based trash hauler said
Bank of America Securities LLC and J.P. Morgan Inc. have arranged a syndicate of
lenders to provide the new funding. The new [...]
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