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Showing 281 - 290 of 328 results for "Taxpayers"

China could own America

BENJAMIN ONG  |  TUESDAY, 24 FEB 2009
... State - that is it would control finance which is the lifeblood of the economy. Among notable US institutions, American taxpayers only own or control a large chunk of Fannie Mae, Freddie Mac and AIG. Perhaps taxpayers could give themselves interest free ...

Tax bonus triggers more co-contribution

MICHELLE BALTAZAR  |  WEDNESDAY, 4 FEB 2009
... every $1 contributed to super up to $1,000 with the maximum co-contribution capped at $1,500 each year. This means that taxpayers earning under $30,342 could make a $950 personal contribution to their superannuation fund, which the Government would then ...

Good Bank Bad Bank

BENJAMIN ONG  |  THURSDAY, 29 JAN 2009
... price. It risks holding them in its vault for a very long time or it may have to write them off eventually -- wasting taxpayers' money in the process. But surely the geniuses on Capitol Hill would have a Plan B for the bad bank to work. And for equity ...

All I want for Christmas is a job

BENJAMIN ONG  |  MONDAY, 8 DEC 2008
... number of Americans that will bring increased profits to Campbell Soup come Christmas time. And because these ordinary taxpayers' have to give part of their now non-existent income and drastically reduced wealth to bail-out the former fat cats of Wall ...

Ho hum

BENJAMIN ONG  |  WEDNESDAY, 26 NOV 2008
... economic environment changed with yet another bail-out? I don't think so. Many more companies are going to plea for US taxpayers' money as the financial crisis progresses. The big three US carmakers are next in line. Given Washington's response to Citi ...

In defense of Citi

BENJAMIN ONG  |  TUESDAY, 25 NOV 2008
... financial institutions that followed Lehman Brothers' collapse, America has now no other choice but to douse the flames with taxpayers' money, lest it burns the whole house down. Citi has the largest financial services network in the world with around ...

Three rich beggars

BENJAMIN ONG  |  FRIDAY, 21 NOV 2008
... comments to the CEO's of the big three US carmakers during a hearing where they have been begging Congress to give them taxpayers' money to bail them out. Ackerman continued, 'It's almost like seeing a guy show up at the soup kitchen in high-hat and ...

AIG gets another A$57 billion bail-out

ALEX DUNNIN  |  TUESDAY, 11 NOV 2008
... year it turned a $A3.5 billion profit. This brings to more than US$160 billion the money the insurer has needed from US taxpayers, almost one-quarter of the US$700 billion bail-out package established by Congress in October. As part of the latest deal ...

Mortgage funds' phantom lifeline

ALEX DUNNIN  |  WEDNESDAY, 29 OCT 2008
... regulatory system the government and the nation have spent decades building. "No government can, in good conscience, put taxpayers' dollars at risk to support financial institutions which are not open, transparent, and properly accountable to Australian ...

No more parachute payments

MICHELLE BALTAZAR, MICHAEL HOBBS  |  WEDNESDAY, 8 OCT 2008
... bailed out, would also potentially receive US$6.95 million. But investors have reacted grimly to the news given that taxpayers were called in to prop up both banks following the credit contagion. "Following my decision to resign as chief executive officer ...