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Why didn't the government just buy up home loans and forget the banks in 750000000000 bail out package?
Wiki User
∙ 15y ago
Actually, the government could have bought some of the deriviatives that controlled those mortgages at bargain rates, they would NOT have had to do it one at a time. Instead, they gave the banks the money, and the banks can do whatever they want with the money. This was illegal, by the way. See the related question on Congressional oversight of the bailout money.
Wiki User
∙ 15y ago
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Does the government own the banks?
No. The Government oversees the operations of all the banks but it does not own them. Nationalized banks are partially owned by the government but private banks are not owned by the government.
Does the district central cooperative banks are government banks or private banks?
government bank
Are all the banks owned by the government?
No. The US government has a minority ownership in some, but not all banks. Most banks have no government ownership.
Are district cooperative banks government banks or private banks?
That would depend on where you live but cooperative banks are normally private banks owned by the people (but not the government).
Most common form of government-backed corporate bank?
The district central cooperative banks are government banks or private banks.
Does the government put pressure on banks?
It differs from country to country, but mostly government put pressure on banks.
Are employees in nationalised banks government employees?
i want to know whether the employees of the nationalised banks are the government employee
State banks in which President Jackson deposited government revenues?
Pet Banks
Is a job working in a Bank a Government job?
As the vast majority of banks are Corporations owned by stockholders or their depositors not governments, no. But there are a few government owned banks, a job in one of those banks would be a government job.
Why did you choose government bank not pvt bank?
I don't really distinguish between government or private banks but most people in india do. People feel that government banks, since they are owned by the government are safer and that the money they deposit is 100% safe. That is the reason why they prefer government banks.
What is the Importance of public sector banks in India?
Public sector banks are banks that are owned by the government of India. The most important use of public sector banks is the fact that, it is used by the government to dispense the pension amounts for the retired employees of state and central government if India.
Which of the government of India is helping banks in disbursement of rural credit by the banks?
NABARD
