Posts Tagged ‘bailouts’

Fannie Mae Seeks $8.5 Billion More in Taxpayer Bailouts


Friday May 6th, 2011   •   Posted by David Theroux at 6:00pm PDT   •   3 Comments

Corbett Daly at Reuters reports that having lost another $8.7 billion in the first quarter of 2011, Fannie Mae is now seeking another $8.5 billion in bailout funding from taxpayers, in addition to the $100 billion already received since Barack Obama became president. Mortgage finance giant Fannie Mae on Friday said it would ask…
Read More »

Obama’s Bailout of Fannie Mae and Freddie Mac: $153 Billion and Counting


Saturday February 12th, 2011   •   Posted by David Theroux at 1:15pm PST   •   3 Comments

Central to the federal government’s creation of the sub-prime mortgage bubble and the subsequent economic collapse and recession, Fannie Mae and Freddie Mac (“government-sponsored enterprises” or GSEs) are now the target of a massive new bailout by the Obama administration of $153 billion and counting, all in the name of winding these agencies down….
Read More »

U.S. Debt Rose by a Whopping $105.8 Billion in January


Saturday February 5th, 2011   •   Posted by David Theroux at 10:47pm PST   •   0 Comments

Terence Jeffrey reports at CNSNews.com that according to the U.S. Treasury Department, federal debt is rising at near record rates and if continued, Fiscal Year 2011 could produce a $1.708 trillion deficit, marking it second only to Fiscal Year 2009’s $1.89 trillion. The federal debt increased by $105.8 billion ($105,835,837,302.32) in January, according to…
Read More »

Federal Reserve Used Trillions of Dollars for Secret Bailout of U.S. and Foreign Firms


Friday December 3rd, 2010   •   Posted by David Theroux at 2:01am PST   •   5 Comments

In shocking new disclosures, the Washington Post has reported in an article, “Fed aid in financial crisis went beyond U.S. banks to industry, foreign firms,” that in 2008 and 2009 the Federal Reserve created trillions of dollars in corporate welfare as secret bailouts “not just to Wall Street but also to motorcycle makers, telecom…
Read More »

Ireland’s Reality Is Our Reality


Wednesday November 24th, 2010   •   Posted by Emily Skarbek at 10:04am PST   •   2 Comments

As the government of Ireland undergoes scrutiny and criticism for its poorly mismanaged fiscal house, the media risks missing the primary lesson. Poor public sector incentives drive politicians to enact policies that defy the laws of economics. There is no such thing as a free lunch—not even a Keynesian lunch of government issued corn…
Read More »

U.S. Cities Face Half a Trillion Dollars in Government Employee Pension Deficits


Tuesday October 12th, 2010   •   Posted by David Theroux at 1:53pm PDT   •   4 Comments

In a new article in the Financial Times, Nicole Bullock reports that a huge pension deficit of more than half a trillion dollars for 50 U.S. cities may produce calls for a massive federal bailout: “Big US cities could be squeezed by unfunded public pensions as they and counties face a $574 billion funding…
Read More »

Private Investment vs. Government Spending in the Recession


Sunday September 26th, 2010   •   Posted by David Theroux at 5:58am PDT   •   1 Comment

Independent Institute Senior Fellow Robert Higgs examines the serious problem of “regime uncertainty” being created by the feasting of federal spending programs starving (crowding out) the private investment needed for recovery from the recession: “Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the…
Read More »

Facebook Twitter Youtube RSS

Search MyGovCost