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Who inserted the 2008 bailout earmarks and who did they benefit?
Wiki User
∙ 14y ago
The US Senate. The bailout plan is intended to help the struggling financial institutions of the US and provide them with cash (in return for the illiquid assets they have which they cannot sell in the open market) which can be used to revive the fallen economy. At a later point of time the US Fed reserve may sell these assets back to these banks and recover a part or the full bailout money.
Wiki User
∙ 14y ago
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What were the major economic events 2008?
The Financial Bailout and the Big 3 bailout
What date was the 700 billion bailout passed?
The bailout was passed by the House of Representatives and signed into law by the president on Friday October 3, 2008.
Do General Motors have to repay the money that they received in the 2008 bailout?
YES
What are the ratings and certificates for Leverage - 2008 The Beantown Bailout Job 2-1?
Leverage - 2008 The Beantown Bailout Job 2-1 is rated/received certificates of: Netherlands:12 USA:TV-PG
What are the release dates for Larry King Live - 1985 Bailout Falters?
Larry King Live - 1985 Bailout Falters was released on: USA: 29 September 2008
What are the release dates for Now with Bill Moyers - 2002 Behind the Bailout?
Now with Bill Moyers - 2002 Behind the Bailout was released on: USA: 26 September 2008
Did Harley Davidson get a bailout from the u.s. government?
Yes, they did. They received a portion of the 3.3 trillion dollars between the end of 2008 and early 2009. This was a part of Bush's bailout.
How did the House of Representatives vote on the 2008 bailout bill?
They all sat down together and talked about it.
How many republican and democrat voted on gm bailout?
In December 2008, the General Motors (GM) bailout was voted on by a majority of Democrats and some Republicans. Specifically, 172 Democrats and 32 Republicans voted in favor of the bailout, while 20 Democrats and 150 Republicans voted against it.
What is the 700 billion bailout for?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
How and when will taxpayers be affected on the bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
Why do you need bailout?
1. Bailout is a mechanism to strengthen banks' balance sheet so that their credit rating will not deteriorate thus not requiring to pledge additional asset to creditors. 2. It is also a mechanism to safeguard banks from panic withdrawal from depositors. Bailout comes at a cost (a very huge cost), in dollar term, it was estimated that the whole bailout plan will cost every man, woman and children in the US $2,300. For more information, visit: http://leonardatavism.blogspot.com/2008/09/some-thoughts-for-us-bailout-plan.html for
