how to apply for federal bailout money – Billions of dollars in bailout money is flowing from the federal government to U.S. banks. An impati



HEADLINE: Banks get money, White House says lend it
—————————————
CAPTION: Billions of dollars in bailout money is flowing from the federal government to U.S. banks. An impatient White House is prodding financial institutions to not hoard that money and instead start making loans. (Oct. 28)
—————————————-
[Notes:ANCHOR VOICE]
(New York)
The federal government Tuesday began pumping billions of dollars into U-S Banks.
Treasury Department under-secretary Tony Ryan comes after a weekend of deal making.
(Tony Ryan, Treasury Department)
‘We’ve signed final agreements with the initial nine major financial institutions that hold fifty percent of all U-S deposits…and over this past weekend we directed our custodian to deliver the capital to these institutions and that process is starting today.”
In all, 125 billion dollars will invested in U-S banks over the coming days.
Institutions such as Citigroup and Wells Fargo are each getting 25 billion dollars.
Other firms, like Goldman Sachs and Merrill Lynch will each get 10 billion dollars.
(Ted Shaffrey, The Associated Press)
“The idea is to get credit flowing again, with hopes of stabilizing the economy and fighting off a protracted recession.”
This money comes from the 700 billion dollar economic bailout package passed by Congress and signed by President Bush earlier this month.
“This program is aimed at healthy banks, and offers attractive terms to encourage lending.”
Another injection of capital to a second round of banks is also in the works, according to the Treasury.
More than 35 billion dollars will be divided up among regional banks like P-N-C, Capital One and Northern Trust.
As the nation’s biggest banks become partly nationalized, the government is hoping the banks will have no hesitation in lending that money back into the economy – an essential step for the plan to work.
Standard and Poor’s analyst Sam Stovall says that XXXXX
(Sam Stovall, Standard & Poor’s)
” XXXXXXX ”
Over the next several weeks, the Treasury is expected to use billions more of the bailout money to start buying up bad subprime mortgage loans, in a bid to usher the return of a stable economy.
Ted Shaffrey, The Associated Press, New York

You can license this story through AP Archive:
Find out more about AP Archive:

source

how to apply for federal bailout money

With so much information and so many options available, there’s a lot to consider. The good news is there are a number of ways to get help and guidance.

Before you start how to apply for federal bailout money, here is suggestions from Andrew Hidayat. It’s vital to remember you can choose from the full range of retirement products and options offered by all providers. Depending on your circumstances, age, health and lifestyle, you may be able to get a better deal elsewhere. And don’t forget, you can normally take up to 25% of your pension pot as tax-free cash.

Some of the decisions you make are “once only” decisions that can’t be undone. So before you decide, ask yourself the following questions:

  • Do you want or need to start taking a pension income now?
  • What will your living costs be once you’re retired?
  • Will your planned income cover these?
  • Do you need to make provisions for anyone else – a spouse, partner or dependant?
  • Have you shopped around for your best solution?
  • Do you think your circumstances may change in the future, and if so, what provision do you need to make for this?
  • What are you looking for from your pension income – flexibility, security, peace of mind?
  • Have you looked for free and impartial guidance – for example, from Pension Wise?
  • Have you sought financial advice?

Where can I find free impartial guidance and advice?

We strongly recommend that you take advantage of the services below before you make your decision.

Source: https://www.legalandgeneral.com/retirement/your-retirement-income/pension-options/how-to-choose/

author
Author: 

Leave a reply "how to apply for federal bailout money – Billions of dollars in bailout money is flowing from the federal government to U.S. banks. An impati"