Sep
4
Open Question: What companies has the so-called Marxist Obama bailed out since he took office in January 20, 2009?
Please post the name of the company and the date it was bailed out.
The Troubled Asset Relief Program or TARP was $700 billion for Wall Street. It was signed into law on October 3, 2008.
September 16, 2008, the Federal Reserve Board, with the support of the Treasury Department, authorized the Federal Reserve of New York to lend up to $85 billion to bailout American International Group (AIG).
October 8, 2008 Federal Reserve increases AIG bailout by $37.8 billion.
November 10, 2008, the Federal Reserve and Treasury Department announced a restructuring of AIG’s bailout, increasing its total loan package to $150 billion.
September 8, 2008, the federal government seized the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The Treasury agreed to provide up to $200 billion in capital.
December 19, 2008, President Bush made available $13.4 billion of TARP funds to General Motors and Chrysler and agreed to release an additional $4 billion to G.M. under this plan in February 2009.
George Bush
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