Reverbiage: Stories from NPR tagged 'bailout'

Obama Gets A New Armored Presidential Limousine

Thu, 08 Jan 2009 06:55:00 EST

President-elect Barack Obama may inherit his predecessors' wars, deficit and address, but he will not have to ride in George W. Bush's car. The Detroit News reports during the inauguration, Obama will cruise down Pennsylvania Avenue in an armored 2009 Cadillac Presidential Limousine. The model has bigger windows than the old presidential limo. It's made by General Motors. And if GM could just get a few million more people to buy one, maybe it wouldn't need that government bailout.

GMAC Made Risky Subprime Mortgage Loans

Wed, 31 Dec 2008 06:00:00 EST

GMAC is the most recent beneficiary of a government bailout. GMAC is the the financing arm of General Motors. It supplies funding for auto dealers to buy inventory and credit for consumers buying cars. It is also a major player in the home mortgage market.

List: Stop Using Over-Used Words Like Bailout

Wed, 31 Dec 2008 05:32:00 EST

Lake Superior State University is out with its yearly list of words "to be banished." The academics at the Michigan school target words they consider mis-used, over-used or just useless. This year's list includes: Bailout, carbon footprint, green, maverick and game changer.

Bailout Of GMAC May Take Time To Trickle Down

Tue, 30 Dec 2008 16:32:00 EST

The federal government is stepping up its efforts to save the auto industry by committing $6 billion to stabilize GMAC, the financing arm of General Motors. At least in the short term, it should help GM car dealers and their customers.

Banks Have Money, Why Aren't They Lending...

Tue, 30 Dec 2008 06:00:00 EST

Banks have received most of the government's bailout money. The idea was to stabilize the financial system and ease tight credit markets. In turn, banks would be willing to make more loans and that would help jump start the economy. But it hasn't quite worked out that way.

A Christmas Story For The Times

Sat, 27 Dec 2008 11:46:00 EST

Joseph and Mary got off the bus in Detroit. He had worked as a carpenter for 20 years, but lost his job. His pension was invested with Bernard Madoff, and there was no federal bailout for carpenters. He and Mary had no place to live, and Mary was pregnant.

Fed Will Allow GMAC To Tap Bailout Fund

Wed, 24 Dec 2008 21:05:00 EST

The Federal Reserve has granted a request by the financing arm of General Motors to become a bank holding company and tap the government's $700 billion rescue fund, bolstering GM's ability to survive.

Fed Lets GMAC Tap Bailout Fund

Wed, 24 Dec 2008 17:34:00 EST

The Federal Reserve has granted a request by the financing arm of General Motors to tap the government's $700 billion rescue fund, bolstering GM's ability to survive.

Billionaire Bails Out L.A. Museum

Wed, 24 Dec 2008 13:00:00 EST

In Los Angeles, the financially troubled Museum of Contemporary Art gets a bailout from billionaire arts patron Eli Broad. He'll match donor funding dollar-for-dollar up to $15 million and will also give MOCA $3 million a year for exhibits over the next five years.

What Are Banks Doing With Bailout Money...

Tue, 23 Dec 2008 13:00:00 EST

With oversight next to nonexistent, many banks are refusing to disclose what they're doing with billions of tax payer dollars. We explore how TARP dollars are being spent and why no one is keeping track.

UAW Hopes New Year Brings Better Bailout Deal

Tue, 23 Dec 2008 06:00:00 EST

The United Auto Workers object to key terms of the Bush Administration's bailout of the automakers. Union President Ron Gettelfinger isn't shy about saying he will wait to work out a better deal with the Obama Administration. Some analysts say terms of the deal are squishy enough that it will be difficult to know whether the deal is being undermined.

Commercial Properties Seek Federal Bailout

Mon, 22 Dec 2008 16:50:00 EST

Developers of office buildings, shopping centers and hotels say they are having trouble refinancing loans and want access to a $200 billion fund set up by the Fed to shore up consumer lending markets. It's not clear whether the Fed is offering any encouragement.

To Make Sense, Put Numbers Into Context

Mon, 22 Dec 2008 06:00:00 EST

It's been a big numbers year in 2008 — for example, the $700 billion bailout. Economist Andrew Dilnot and journalist Michael Blastland try to make sense of all those numbers. They talk with Renee Montagne about their new book, The Numbers Game: The Commonsense Guide to Understanding Numbers in the News, in Politics, and in Life.

Gov. On Auto Bailout: 'Not Just About Michigan'

Sun, 21 Dec 2008 10:04:00 EST

After the Bush administration approved a short-term bailout plan, Michigan Governor Jennifer Granholm issued a statement that called the loans "a recognition by the administration that the nation's fragile economy simply cannot sustain the human and economic toll of further massive job loss."

The Economy This Week: Apologies And Proposals

Sat, 20 Dec 2008 08:00:00 EST

There was lots of economic news this week. President-elect Obama and Congressional Democrats proposed an $850 billion stimulus package. More details emerged about how the Securities and Exchange Commission failed to investigate a massive fraud an emergency bailout plan for automakers. NPR's Scott Simon talks to David Leonhardt, an economics columnist for the New York Times, about this week's economic news.

Despite Loans, Uphill Road For GM, Chrysler

Fri, 19 Dec 2008 16:00:00 EST

GM and Chrysler have got their government bailout, but it came with some conditions that will be difficult for the companies to meet. In some cases, the decisions must be made by outside parties, such as the United Auto Workers or investors who hold bonds issued by the companies.

Autoworkers React To Bailout

Fri, 19 Dec 2008 16:00:00 EST

Now that President Bush has said he will help the nation's auto industry with $17.4 billion in emergency loans, employees on the front lines weigh in.

Q&A: A Bailout For GM And Chrysler

Fri, 19 Dec 2008 14:25:00 EST

Bypassing a reluctant Congress, the Bush administration says it will loan $17.4 billion to U.S. automakers, tapping the $700 billion approved for the rescue of financial companies. The companies have until March 31 to come up with viable survival plans.

Bush: Carmakers Will Get $17.4 Billion In Loans

Fri, 19 Dec 2008 09:08:00 EST

President Bush announced a rescue package for U.S. automakers Friday morning at the White House. The president said allowing the automakers to collapse would not be responsible.The ailing automakers will get $17.4 billion in loans. Bush said $13.4 billion will come from the $700 billion Wall Street bailout, and another $4 billion will come later.

Automakers Wait For Bush To Jump In

Fri, 19 Dec 2008 06:00:00 EST

The auto industry was battered by the defeat of its bailout package in the Senate. Then word came that the White House was willing to use some of the bailout funds approved earlier for the financial industry. But since then, the Bush administration hasn't acted.

Subtle Wording Keeps Banks From Going Under

Fri, 19 Dec 2008 06:00:00 EST

One of the crucial moments in the economic crisis came last month when Treasury Secretary Henry Paulson announced the government would help banks by purchasing billions of dollars of their stock. Paulson had previously opposed the idea but some people credit it with preventing financial collapse. Paulson only had authority to buy that stock because of some subtle wording that made it into the bailout bill.

For One Autoworker, Big Three's Troubles Distant

Wed, 17 Dec 2008 16:53:00 EST

Carla Kesterman of Fairland, Ind., has been an autoworker since April, when she went to work for Honda's new Indiana plant. She makes about $34,000 a year as an assembly worker. She has not been following the bailout deliberations and is only vaguely interested in the problems of the Big Three automakers.

How To Boil Down Your Life For A Bailout Panel

Wed, 17 Dec 2008 13:00:00 EST

Alfred Estrada, who recently lost his job and is facing foreclosure, was invited to appeared in front of the Troubled Assets Relief Program (TARP) oversight panel Tuesday in Las Vegas. We join him for the day to get a sense of what it's like to take the morning off from unpaid bills to sum up his woes in three minutes.

County With High Foreclosure Rate Hosts Hearing

Wed, 17 Dec 2008 06:00:00 EST

The Congressional Oversight Panel has held its first field hearing on the foreclosure crisis and the government's $700 billion financial bailout. Tuesday's hearing was held in Nevada's Clark County which has the highest foreclosure rate in the country. The meeting was a chance for the oversight panel to investigate, analyze and review the bailout.

Ford Still Sitting On Cash Cushion

Tue, 16 Dec 2008 13:00:00 EST

While General Motors and Chrysler fear bankruptcy without a bailout, Ford claims it isn't asking for a hand-out, just a hand. But back to 2007, Ford was the one looking at Chapter 11. We examine Ford's solution and how GM and Chrysler might benefit from the company's hard-earned wisdom.