Tag: bailout
Don’t let local banks tank
The taboo of small, inconvenient and unknown local banks and credit unions will soon disappear with the rising trend of many Americans moving their savings out of large “Too Big to Fail” banks and into smaller community banks.
Big Three bailout to the rescue
It’s been an ominous week for the U.S. auto industry, but a resolution to the Big Three bailout came Wednesday in $14 billion of bridge loans. This amount will provide General Motors Corp. and Chrysler LLC with enough to reinvent their struggling companies so they can survive in the future market.
Country could face ‘calamity’
The United States is on the edge of making the largest corporate bailout in American history. Consider this statement made on Wednesday from Ben S. Bernanke, the Federal Reserve chairman, testifying on Capitol Hill.