Bank of New York Mellon
Where'd the bailout money go? Shhhh, it's a secret
Submitted by loner on 22 December, 2008 - 9:37pm- Alabama
- Associated Press
- Atlanta
- Bank
- Bank executives
- Bank of America
- Bank of America Corporation
- Bank of New York Mellon
- bank spending
- Barry Koling
- basic accounting
- BB&T Corp.
- BB&T Corporation
- Birmingham
- Bob Denham
- Bush administration
- Carissa Ramirez
- Christopher S. Rugaber
- CITIBANK
- Comerica Inc.
- Comerica Incorporated
- Congress
- Dallas
- Daniel Wagner
- Department of the Treasury
- Elizabeth Warren
- few banks
- Florida
- generic public relations statements
- Georgia
- Henry Paulson
- House Financial Services Committee
- Huntington Bancshares Inc.
- Huntington Bancshares Incorporated
- Insurance
- JPMorgan Chase
- JPMorgan Chase & Co
- Kevin Heine
- Marshall & Ilsley Corp.
- Marshall & Ilsley Corporation
- Morgan Stanley
- New Jersey
- New York
- New York Mellon Corp.
- North Carolina
- Regions Financial Corp.
- Regions Financial Corporation
- Richard Becker
- Scott Garrett
- SunTrust Banks Inc.
- SunTrust Banks, Inc.
- The Bank of New York Mellon Corporation
- The Netherlands
- Thomas Kelly
- Tim Deighton
- Treasury Department
- U.S. Bancorp
- United States
- USD
- Washington
- Wendy Walker
- Wisconsin
WASHINGTON (AP) -- It's something any bank would demand to know before handing out a loan: Where's the money going?
But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
"We've lent some of it. We've not lent some of it. We've not given any accounting of, 'Here's how we're doing it,'" said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. "We have not disclosed that to the public. We're declining to."
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Uses for $700 billion bailout money ever shifting
Submitted by loner on 26 October, 2008 - 5:54pm- Alabama
- Bank
- Bank executives
- Bank of New York Mellon
- bank plan
- Bush administration
- Charles Schumer
- Charlie Rose
- Christopher Dodd
- Congress
- Connecticut
- Dodd's committee
- Federal Deposit Insurance Corp
- Federal Deposit Insurance Corp.
- Finance
- Henry Paulson
- http://biz.yahoo.com/ap/081025/meltdown_evolving_bailout.html
- Insurance
- National City Corp.
- National City Corporation
- Neel Kashkari
- New York
- PNC Financial Services Group Inc.
- Richard Shelby
- Senate
- Senate Banking, Housing and Urban Affairs Committee
- Sheila Bair
- The Bank of New York Mellon Corporation
- The PNC Financial Services Group, Inc.
- Treasury
- US
- USD
- Wall Street
- Washington
WASHINGTON (AP) -- First, the $700 billion rescue for the economy was about buying devalued mortgage-backed securities from tottering banks to unclog frozen credit markets.
Then it was about using $250 billion of it to buy stakes in banks. The idea was that banks would use the money to start making loans again.
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What did I say then?
In early 2004, new equity-credit hybrid derivatives that offered a larger spread tha...
