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bailout – XtremeCuztoms

Tag: bailout

Taxpayers Will Pay for the Banking Bailout

When Silicon Valley Bank (SVB) collapsed on March 10, many were afraid the collapse would cause a bank run. The general public was scared. On the surface, it looked like a lot of innocent people were going to lose money. Ninety-four percent of SVB’s deposits were uninsured, meaning that 94 percent of SVB’s deposits were…


US Taxpayers Could Be On the Hook for Credit Suisse Bailout, Expert Warns

Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million through its dollar swap facility. If the loan is not repaid by next week, U.S. taxpayers will foot the bill, a macroeconomic analyst told The Epoch Times. With its announcement over the weekend, the Fed—in coordination with…


Did the Government Bail Out Silicon Valley Bank?

In the fallout of Silicon Valley Bank’s collapse, debate surrounds whether the government is bailing out the bank. Lance Roberts, chief investment strategist at RIA advisors, argues that ultimately, all the money used to support or to guarantee depositors or to support banks will come from taxpayers. He also says that we should let the…


‘It Is a Bailout’: Former FDIC Chair Says of Special Treatment of Silicon Valley, Signature Bank

Former Federal Deposit Insurance Corporation (FDIC) chair Sheila Bair has said that Silicon Valley Bank (SVB) received a “bailout” out from the federal government following its collapse last week. Bair made the comments during an appearance on FOX Business Network’s “The Claman Countdown” on Mar. 13, shortly after the Federal Reserve, the Treasury Department, and the FDIC announced additional…


Big Tech + Big Government = Big Trouble

Commentary After the world’s brush with financial Armageddon back in 2008, a new phrase entered the lexicon that described financial institutions that were so big, so deposit-heavy, so interwoven into the global economy, that should any one of them ever run into financial trouble—a bailout would be justified. They were called Too Big to Fail…


Lufthansa Gets Strong Investor Backing for 2.1 Billion Euro Cash Call

LONDON/FRANKFURT—German airline Lufthansa received strong investor backing for a 2.14 billion euro ($2.47 billion) rights issue, providing some encouragement for travel companies looking to weather the after-effects of the COVID-19 crisis. The company said on Wednesday that its rights issue was 98.36 percent subscribed by investors and that it would place the remaining shares in…


Top US Utility Providers Cut Power to Nearly One Million Homes Despite Receiving Huge COVID Tax Bailouts: Report

Some of the top utility providers in the United States cut off power to customers across the nation despite receiving tax bailouts through the Coronavirus Aid, Relief, and Economic Security (CARES) Act during the COVID-19 pandemic, according to a new report. In September, The Center for Biological Diversity’s Energy Justice Program and BailoutWatch released its “Powerless in…


Lufthansa Launches $2.5 Billion Capital Increase to Repay State Bailout

FRANKFURT—Lufthansa said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout Germany’s top airline received during the coronavirus crisis. The subscription period for the widely-expected rights issue, involving the issue of about 597.7 million new shares, would run…


Chinese State Media Editor Warns Evergrande Over Dreaming of a State Bailout

Struggling Evergrande Group should save itself from collapse rather than bet on a government bailout, said Hu Xijin, the editor-in-chief of the Chinese Communist Party (CCP) mouthpiece media Global Times. Over the years, China’s second-largest property developer Evergrande Group has been highly leveraged by driving its growth on debt. Its $300 billion in total liabilities…


China Huarong Wins State-Led Bailout, After Losses Record Over 100 Billion

Chinese bad-debt assets management company Huarong just showed the world how the Beijing authorities save troubled state-run companies that it deems too big to fail. China’s top distressed assets manager, state-owned China Huarong Asset Management Co., said on Aug. 19 that five state-owned financial institutions would invest in it after the company announced a net…