News Update: Anglo Irish Bank Divided in Two Businesses, Funding & Asset-Recovery
- Length: 0:43
- Views: 7
- Author: TradeTheTrend
The Anglo Irish Bank will be split in two by the Irish government in order to reduce the cost of the bailout to taxpayers, reports MarketWatch Wednesday. The lender will be broken into two separate businesses - a funding bank for holding deposits and an asset-recovery bank for handling loan assets that are not transferred to the government's National Asset Management Agency. According to the Irish government, the funding bank will not work with any new lending.
REPLAY! US bailouts failed.
- Length: 6:23
- Views: 14
- Author: jeungmyeong
Nomi Prins, the author of "It Takes a Pillage" and a senior fellow at Demos argued that new homeowners should be worried because little has been done to fix the system. "Today's the anniversary of the beginning of a multi-trillion dollar bailout. It was the first step of which was to basically buy stock in of Fannie Mae and Freddie Mac, it wasn't to look into the actual mortgages and say you know what, there's some money being lost here, people are being able to pay, they're defaulting, foreclosures could come of that so let's actually negotiate these loans at the individual level; help people, help the loans, help the entities to which we're dumping multi-billions of dollars. And that didn't happen." "That sort of bottom level ground up type of approach to fixing or stabilizing the housing economy, and therefore the rest of the economy, never happened. There was always this sort of top-down approach and so what we're left with two years level are Fannie Mae and Freddie Mac that continue to be in a crumbling state, banks that doing better but because they have had trillions of dollars dumped into them and they still have access to the Fed and everything else, should they have problems going forward, but individuals are left trying to figure out what their options are and those options haven't become better," said Prins. She further argued that there is little to nothing being done to help the individual, there is a sever lack of organization and planning, making it ...
US AAA Rating in Danger! Mexican Gang Massacre! Joblessness Continues!
- Length: 7:56
- Views: 2966
- Author: DEMCAD
Video commentary about the latest news including the AIG repays bailout money, Mexican drug gang 72 migrant massacres, massive drop off in home sales, 60% of Americans are obese, S&P warns that the US could lose AAA status, US death row inmate Troy Davis' innocence claim rejected and jobless claims drop, but are still high. Check out my blog! demcad.blogspot.com Jobless claims drop 31000 to 473000 www.marketwatch.com New home sales fall to record low www.latimes.com AIG repaying nearly $4 billion in federal loans news.yahoo.com S&P Says US Should Act to Protect AAA-Rating: Report www.cnbc.com Drug cartel suspected in massacre of 72 migrants apnews.myway.com US death row inmate Troy Davis' innocence claim rejected rt.com New Yorkers fight for jobs, nation battles over NYC mosque rt.com Fat in America rt.com
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