the pros are that it will give the companies more time so that they could get more customers and things like that == Well if you are an irresponsible big bank or company, you can get a second chance with a lot of taxpaper money to then waste that too.
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.
A bailout is an act of rescue, especially of a financial nature, or a backup supply of air in scuba diving.
GM isn't telling whether or not they're getting the bailout from the government yet. They don't want to comment on anything to do with the bailout or their finances.
No, they did not.
There is no such crisis as the financial bailout package crisis. the bailout was created to overcome the financial crisis.
205 for it and 228 against it.
The Financial Bailout and the Big 3 bailout
The latest "bailout" is the automotive bailout of the Big Three automakers, Ford, GM, and Chrysler. Legislation was introduced on Dec. 8th.
Ford did not receive any bailout money.
for a stimulus plan to me it means a financial bailout or a type of insurance to keep your economy afloat. It depends on what the stimulus plan is used for to determine the pros and conns like for instance. If the government plans a stimulus plan for wall street will it be for the right reasons and how will you benifit form it if you are under a ressecion..
Specifically speaking, nobody asked for a bailout. Out of the options that were considered to revive the economy this bailout was considered the most effective way and hence it came into existence.
See: http://en.wikipedia.org/wiki/Bailout Bailout refers to the action of helping out somebody in trouble. You can compare the bailout in financial terms to the bail or parol we get for someone in jail. In bailout, a company with strong financial status offers to help a company that is in dire financial needs. Such a scenario is where the stronger company bails out the weaker one.
The Citi group bailout was agreed for $45Billion same as the Bank of America bailout. The numbers about who got what and how they are spending it are pretty much a secret.
Ford was one of the very few automakers who did not take any bailout money from the government, thus the bailout has not affected their pricing.
A bailout is an act of rescue, especially of a financial nature, or a backup supply of air in scuba diving.
Bailout - 2012 was released on: USA: 16 December 2012 (limited)