You are browsing the archive for bailout.

Shaking off the rust: Tiny Chevrolet Sonic helps get Detroit back on its feet

January 5, 2013 in The Dickinson Press

DETROIT When the word reached the Orion Assembly Plant, it spread along the serpentine assembly line like news of a death or natural disaster: General Motors, the biggest automaker in the world, had filed for bankruptcy protection. Continue Reading

Companies bailed out during financial crisis still owe taxpayers $133 billion

January 26, 2012 in Grand Forks Herald

Companies that were bailed out during the financial crisis still owe U.S. taxpayers nearly $133 billion. Treasury’s plans to recoup that money have been slowed by the volatile stock market and weakness among smaller banks. Some of the money will never be recovered. Continue Reading

Chrysler repays most of its bailout loans

May 24, 2011 in The Daily Republic

With a few computer keystrokes in an office at its headquarters, Chrysler Group LLC sent $7.6 billion to the U.S. and Canadian governments on Tuesday, paying off most of the bailout money that saved the company from financial disaster just two years ago.

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Commentary: What was wrong with auto bailout? Nothing

October 24, 2010 in West Central Tribune

Among the mysteries of public opinion, this one most strains the brain: Why do so many Americans think the government rescue of Detroit automakers was a bad nay, an evil thing? The bailout has been a rousing success, and that’s the business press talking.
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Sen. Conrad defends TARP

October 21, 2010 in The Dickinson Press

It began with an emergency meeting one mid-September evening in 2008 with fewer than 20 of the nation’s most influential leaders on fiscal policy.
Kent Conrad, a North Dakota Democrat and Senate Budget Committee chairman, was among the elite group. Continue Reading

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Pomeroy defends his voting record

August 17, 2010 in INFORUM

BISMARCK Rep. Earl Pomeroy, D-N.D., defended his voting record and discussed the benefits of financial reform for North Dakota bankers at a conference Tuesday night.
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