November 21, 2008 |
Congressional leaders agreed Thursday to give Detroit automakers more time to make their case for a $25-billion emergency bailout, but they demanded that General Motors Corp., Ford Motor Co. and Chrysler provide detailed plans for using the money to assure their long-term viability without more handouts. House Speaker Nancy Pelosi (D-San Francisco) and Senate Majority Leader Harry Reid (D-Nev.) agreed to call Congress back into session next month to revisit the bailout issue.
April 2, 1992
Re "White House Proposes $50-Million Plan to Aid Mentally Ill . . . " (March 21): Is this intended to educate those "Rubbergate" idiots? ALAN L. BLUM Balboa Island
CALIFORNIA | LOCAL
November 15, 2008 |
San Jose Mayor Chuck Reed said Friday that he will request 2% -- or $14 billion -- of the federal government's $700-billion bailout package. Reed said he and several other California mayors plan to collectively present a bailout request to the federal government. "If the federal government is going to be doling out money, we'll be asking for our fair share," Reed told the Associated Press. "As the 10th-largest city in the country, we should at least get 2%, that would be fair." He did not know when the request would be formally submitted, nor did he say what other California cities would be asking for funds.
April 20, 2009 |
Some big banks will need more bailout bucks, President Obama and his aides said Sunday, although it is unlikely the government might need to take over any reeling institution. "We're confident that, yes, some are going to have very serious problems, but we feel that the tools are available to address these problems," senior presidential advisor David Axelrod said.
September 12, 2012 |
BERLIN - Germany's supreme court ruled Wednesday that the nation can participate in a permanent European bailout fund, giving the go-ahead for a key element of European leaders' strategy for combating the continent's long-running debt crisis. The legal decision served to avert an international economic crisis that was likely to erupt if Germany was constitutionally blocked from participating in the $640-billion fund known as the European Stability Mechanism, or ESM. At the same time, the court placed conditions on Germany's role in the fund, setting as a cap the government's agreed-upon contribution of 190 billion euros, or about $243 billion.
CALIFORNIA | LOCAL
November 15, 1989
"Alan, we hardly knew ye." "Say it ain't so, John." If Edwin Gray's (former chairman of the Federal Home Loan Bank Board) charges against Sens. Cranston, John Glenn (D-Ohio), John McCain (R-Ariz.) and Dennis DeConcini (D-Ariz.) prove to be accurate, all four should resign their Senate seats. I am especially disillusioned at the possibility that Glenn and McCain are involved in Keating's sordid Lincoln S&L mess. Glenn has been one of our national role models. And McCain earned our admiration for his steadfast courage despite years of torture while a prisoner of the North Vietnamese.
March 14, 1991 |
The House on Wednesday night approved a compromise worked out with the Bush Administration to pour an additional $30 billion into the savings and loan bailout. The key 213-197 vote came 24 hours after the House, rebelling against leaders of both parties, rejected four separate proposals for financing the bailout. After accepting the compromise, the House then passed the amended bill by a 192-181 margin.