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During the financial downturn two years ago the firm formally known as JGW Holdco LLC and two of its subsidiaries, J.G. Wentworth LLC and J.G. Wentworth Inc., entered Chapter 11 bankruptcy protection after the company encountered liquidity problems in the midst of a tightening credit market. They laid off 120 of its 200 employees and closed its office in Las Vegas. But less than six months later they got a 100 million dollar investment and they were able to get rehire and rebuild again.
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Important historical timeline from 1995 to 2009?
From 1995 to 2009, several significant events shaped global history. In 1998, the European Central Bank was established, leading to the introduction of the euro in 2002. The September 11 attacks in 2001 dramatically altered U.S. foreign policy and global security dynamics. The 2008 financial crisis, triggered by the collapse of major financial institutions, led to a worldwide economic downturn and significant government interventions.
Who took over Union Acceptance Corporation?
Union Acceptance Corporation was taken over by the federal government in 2009 due to financial difficulties and regulatory issues. The Federal Deposit Insurance Corporation (FDIC) was involved in the takeover process, as the company had significant losses and was unable to meet its obligations. This action was part of a broader effort to stabilize financial institutions during the economic crisis.
How much TARP money has been repaid as of 12-31-09?
As of December 31, 2009, approximately $180 billion of the Troubled Asset Relief Program (TARP) funds had been disbursed, with about $32 billion repaid by various financial institutions. The repayments primarily came from large banks that had received TARP funds during the financial crisis. The overall goal of TARP was to stabilize the financial system, and while some funds were repaid, many investments were still outstanding at that time.
What is something big that has happened in 2009?
In 2009, one of the most significant events was the inauguration of Barack Obama as the 44th President of the United States, marking him as the first African American to hold the office. This historic moment took place on January 20 and symbolized a major milestone in U.S. history regarding race and politics. Additionally, 2009 was marked by the global financial crisis, which continued to affect economies worldwide, leading to widespread discussions on economic recovery and reform.
Who signed the American Recovery and Reinvestment Act into law?
The American Recovery and Reinvestment Act was signed into law by President Barack Obama on February 17, 2009. This legislation aimed to stimulate the U.S. economy in the wake of the 2008 financial crisis through various measures, including tax cuts, infrastructure spending, and support for social programs.
What has the author John Authers written?
John Authers has written: 'The European financial crisis' -- subject(s): Monetary policy, Global Financial Crisis, 2008-2009, Economic conditions, Banks and banking 'The fearful rise of markets' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Capital market, History 'The fearful rise of markets' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Capital market, History
How has Chrysler Corp. been affected by the economic crisis?
Chrysler has been hard hit by the economic crisis and has seen sales drop significantly. Chrysler went through bankruptcy in 2009 and is attempting to reorganize their operations and financial condition.
What has the author Holly Dolezalek written?
Holly Dolezalek has written: 'The global financial crisis' -- subject(s): Global Financial Crisis, 2008-2009, Juvenile literature, Economic history
Following the 2009 financial crisis members of which profession have received flak for their high bonuses?
After the 2009 financial crisis, members of any profession that were CEO's of a big business companies received a lot of flak and criticism for taking high bonuses.
What has the author Costas Lapavitsas written?
Costas Lapavitsas has written: 'Financialisation in crisis' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Finance, International finance 'Social foundations of markets, money, and credit' -- subject(s): Capitalism, Credit, Economics, Marxian economics, Money, Sociological aspects, Sociological aspects of Economics 'Financialisation in crisis' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises, Finance, International finance
What has the author Steen Thomsen written?
Steen Thomsen has written: 'An introduction to corporate governance' -- subject(s): Corporate governance 'Understanding the financial crisis' -- subject(s): Global Financial Crisis, 2008-2009
What has the author Guillermo Rosas written?
Guillermo Rosas has written: 'Curbing bailouts' -- subject(s): Crisis management, Global Financial Crisis, 2008-2009, Bank management, Financial crises, Government accountability, Bailouts (Government policy)
What has the author Salvatore Rossi written?
Salvatore. Rossi has written: 'Controtempo' -- subject(s): Economic conditions, Global Financial Crisis, 2008-2009, Financial crises
What has the author Zlatko Turkovic written?
Zlatko Turkovic has written: 'Prihodnost borze in gospodarstva' -- subject(s): Global Financial Crisis, 2008-2009, Financial crises
What 2009 Formula One race in the nation that invented motor racing was canceled due to a financial crisis?
Grand Prix
What has the author Roddy Boyd written?
Roddy Boyd has written: 'Fatal risk' -- subject(s): Financial crises, Inc American International Group, Insurance companies, Global Financial Crisis, 2008-2009, Federal aid, History 'Fatal risk' -- subject(s): Financial crises, Inc American International Group, Insurance companies, Global Financial Crisis, 2008-2009, Federal aid, History
What has the author Paolo Savona written?
Paolo Savona has written: 'Global financial crisis' -- subject(s): Economic policy, Financial crises, Global Financial Crisis, 2008-2009, International economic relations, International cooperation 'The New Architecture of the International Monetary System (Open Economies Review)'
