YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: TARP
  • Despite CEO’s Claim, GM Still Means ‘Government Motors’

    General Motors CEO Ed Whitacre is all over the airwaves with the company’s new ad touting the fact that it paid back all of its government loan early and with interest. One problem: The loan was only a small part of the total taxpayer money dumped into the struggling car company. PolitiFact details the problem with …

  • “I’m Sorry,” says Goldman Sachs

    When the lens of public ire is focused on you, the concentration of hatred can create the feeling being cooked in a boiler. This is the current feelings within the offices of Goldman Sachs. Whether it’s an article about how they might have caused most of America’s financial problems following the Great Depression or continuous …

  • HAPPY BIRTHDAY, TARP!

    One year ago today, a bill was signed into law by President George W. Bush that would: provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal …

  • Fed Alert

    Thief-in-chief Obama has announced that he will keep Bernanke as Fed chairman for another term. Unfortunately, this means more devaluing of the dollar and more money printing. It was also announced that head of the NY AFL-CIO, Denis Hughes, will be the head of the New York Fed. And it’s H.R. 1207 that is going …

  • BB&T Repays TARP

    Today, Market Watch published an article announcing that BB&T has made a bold move to pay back its TARP loans. It is no surprise that John Allison IV, the CEO of BB&T, makes all of his senior staff read, “Atlas Shrugged.” BB&T said Wednesday it will pay about $3.1 billion to the Treasury to repurchase …

  • TARP to Expand to Life Insurers

    The Wall Street Journal reports: The Treasury Department has decided to extend bailout funds to a number of struggling life-insurance companies…The life-insurance companies will have access to Treasury’s Capital Purchase Program, which injects funds into banks. How much money would now be available to the insurers, and which particular insurers would be beneficiaries, remains unclear. …