Fallout of ’08 bailout looms over Washington negotiations
In the fall of 2008, an unlikely alliance of lawmakers, regulators and Bush administration officials banded together to rescue an economy they feared was hours away from collapse. They also unwittingly reshaped American politics, unleashing a populist furor that lingers in both parties to this day.
As aid checks go out, farmers worry bailout won’t be enough
Farmers across the United States will soon begin receiving government checks as part of a billion-dollar bailout to buoy growers experiencing financial strain from President Donald Trump’s trade disputes with China.
SPC passes budget, projects shortfall
The Starkville Parks Commission passed its Fiscal Year 2015 budget Tuesday during its monthly meeting but will ask aldermen to pitch in more money to pay for utility expenses.
Geithner defends terms of AIG bailout
Former top regulator Timothy Geithner defended terms of the U.S. government’s bailout of American International Group Inc., saying Wednesday that the insurance giant’s exceptionally risky behavior had caused losses that called for strict treatment.
Parks’ budget expected to mirror previous allocations
Starkville Parks and Recreation Department’s official Fiscal Year 2014-2015 budget will nearly mirror its predecessor, Parks Director Herman Peters said Tuesday, but the document remains unreleased to the public and without formal approval from overseers as the autonomous organization enters into the first day of the new fiscal year.
Peters: Parks down to $61K in SED back payments
Starkville Parks and Recreation now owes about $61,000 in back payments for electric and water services after receiving an additional $96,000 in annual funding and a $60,000 financial bailout from the city this fiscal year, Director Herman Peters said.
Focus on Parks’ finances increasing into next fiscal year
Starkville Parks Commission Chairman Dan Moreland will get a $60,000 bailout to meet payroll, retirement and bill payments this month, but aldermen expect the autonomous department to pay the money back and balance its revenue shortfalls with increased sports participation fees next year.
Starkville aldermen preparing $60K Parks bailout
Starkville aldermen are expected to approve a $60,000 loan to Starkville Parks Commission today so the group, which ran out of money for September’s payroll and public retirement payments, can get above water before the end of the fiscal year.
Facing backlash, AIG won’t join lawsuit against US
Afraid of looking like a world-class ingrate, AIG on Wednesday decided against suing the federal government over the $182 billion bailout that saved the giant insurance company from collapse.
AIG board weighs suing US over bailout
AIG is considering Wednesday whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse.