No, Capital One credit cards did not receive federal bailout money during the financial crisis. While Capital One itself did not take bailout funds, the bank did benefit indirectly from the government's broader actions to stabilize the financial system. The Troubled Asset Relief Program (TARP) primarily focused on larger banks, and Capital One was not a direct recipient of those funds.
If you remember 2008 and the "crisis," you recall the trillions in bailout money given to GM, Chrysler, AIG, and the other pigs at the trough.
All member banks of the Federal Reserve in USA can and do borrow money from the federal reserve. The Federal Reserve is the banker of banks to whom the banks go when they need money.
No. The money you have in your bank is insured by the Federal Despositor's Insurance Corp (FDIC) for up to $250,000 (it was $100,000 before the recent bailout bill). That means that the government will pay you back your deposits up to that amount if your bank were to fail. http://en.wikipedia.org/wiki/FDIC
Central Banks print so much money because it has attempted to bailout since the financial crisis in 2007. One intervention approach has been to printout more money in an attempt to become a money pump.
Ford did not receive any bailout money.
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.
no
yes
Yes. $7 billion
25 Billion
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.
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.
HSBC did not receive bailout funds. However, AIG is strongly connected to HSBC, and AIG accepted the TARP money. This contributed a significant amount to HSBC.
How do we receive the government mortgage bailout money available up to $50,000 or 6 months mortgage payments?
yes What was the total amount of money that Discover Bank received from the Economic Stimulus (bailout) plan?
No, they did not.