The bailout process has begun. We have not yet seen the end results of the bailout. We may start seeing them very soon.
It is too early to comment on whether it worked or not. We can expect some results in the next one or two quarters.
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Jay Cooke
Savings and loan banks
I think it is Henry Paulson the US Treasury secretary.
No, they have not received any TARP funds or any other Federal funds.
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
As of today, Jan 9, 2009, General Motors did receive federal bailout money. While it cannot be proven that some of that money went to GMAC without seeing GM's financial records, there is a very high probability that it did.
The Reasons for the Bailout Package: 1. To Stabilize the economy 2. Improve Liquidity 3. Improve Investor Confidence 4. Reduce the impact of the financial crisis on the US Economy and GDP.
There is not 200 federal states, but 50 states in the United States.
Yes. The bailout is not something like a magic pill that would show effects in a single day. It would take weeks and months for the effects to be known. By the mid 2009 we will know the effects
J.P. Morgan
sell real estate