bailout

General Motors Chairman and Chief Executive Officer Dan Akerson speaks at the 2012 GM annual meeting of stockholders in Detroit. (credit: Bill Pugliano/Getty Images)

General Motors To Buy Back 200M Government Shares

General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury.

WWJ Newsradio 950–2012/12/19

Mitt and Ann Romney (Photo by Joe Raedle/Getty Images)

Opinion: Mitt Romney’s Bailout Double Standard

Romney negotiated a $10 million federal bailout for his company, but has called for foreclosures to be allowed to “hit bottom” and letting Detroit go bankrupt.

2012/07/25

US President Barack Obama speaks at the United Auto Workers (UAW) conference in Washington, DC, February 28, 2012 (credit: SAUL LOEB/AFP/Getty Images)

President Obama Defends Auto Industry Aid

President Obama says those who opposed government aid to the auto industry are “rewriting history.”

WWJ Newsradio 950–2012/02/28

Pete Hokestra (Credit: Alex Wong/Getty Images)

Senate Hopeful Pete Hoekstra Faults Auto Bailout

“Where this got all messed up is when the government and the executive branch started rewriting the rules (to) whatever they wanted,” said Pete Hoekstra, one of several Republicans vying to take on Democratic incumbent Debbie Stabenow.

WWJ Newsradio 950–2012/02/25

Car Czar: Gov’t Should Hold On To Remaining GM Stake

President Obama’s former car czar Steven Rattner,says the government should hang on to its stake in General Motors, even if it’s not the politically expedient thing to do.

WWJ Newsradio 950–2011/12/15

Gov’t To Lose $14B Of Auto Bailout Funds

The Obama administration says the government will lose less than 20 percent of the $80 billion used to bail out the U.S. automobile industry.

WWJ Newsradio 950–2011/06/01

Bailout Clipped Taxpayers For $25B

Congress’ independent budget agency says the cost to taxpayers of the contentious $700 billion financial rescue has dwindled down to $25 billion.

2010/11/30

Stock Market Takes 200 Point Dive

The Dow Jones industrial average lost 200 points, dipping below 11,000 for the first time in nearly a month.

2010/11/16

Report: U.S. Bailout Program Helps Foreign Countries

The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries’ financial rescue plans did on the U.S., according to a new report […]

2010/08/12

Obama: U.S. Auto Industry On Rebound

Speaking in Detroit on Friday, President Barack Obama heralded the recent turnaround for U.S. automakers, arguing that thousands of jobs and increased production vindicate his unpopular decision to bailout the industry.

2010/07/30

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