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Your search keyword '"FINANCIAL bailouts"' showing total 2 results
Start Over Descriptor "FINANCIAL bailouts" Topic frank, barney, 1940- Topic obama, barack, 1961- Publisher national journal group llc
2 results on '"FINANCIAL bailouts"'

1. Revamping The Bailout.

Author

Stone, Peter H.

Subjects
*FINANCIAL bailouts, *TRANSPARENCY in government, *LEGISLATIVE bills, *FORECLOSURE
Abstract

The article focuses on the criticism against the $700 billion Troubled Asset Relief Program (TARP) of the U.S. Treasury Department for its alleged lack of transparency and failure to define its purpose. A legislative bill was introduced by House Financial Services Committee Chairman Barney Frank to require Treasury to disclose more details about TARP and mandate that Treasury help stop foreclosures by spending some TARP funds. It mentions the stand of President-elect Barack Obama on TARP.

Published
2009

2. Frank Says More Government Bailouts Might Be Necessary.

Author

Bourge, Christian, Aigner-Treworgy, Adam, and Jones, Athena

Subjects
*FINANCIAL bailouts, UNITED States economy
Abstract

The article reports that U.S. House Financial Services Committee Chairman Barney Frank said that more government bailouts of companies and financial institutions might be necessary to help stabilize the economy. He has announced plans to hold a hearing to examine the need for additional intervention. Both presidential nominees, John McCain and Barack Obama, have called the bailout necessary. However, House Minority Leader John Boehner said that more bailouts should be avoided.

Published
2008

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