- published: 23 Aug 2016
- views: 8091
The Great Recession made something perfectly clear: certain companies are considered "too big to fail" and therefore, the state has decided that they don't have to play by the same rules as everyone else. AIG, General Motors, lots of banks and so on should have gone bankrupt due to bad decisions which had been made prior to the crisis, just like countless other companies have. However, they were considered systemically important and therefore "saved" by... well, by everyone else. Needless to say, a moral dilemma arises. By rewarding instead of punishing those who made mistakes at the expense of everyone else, are you saving the financial system or setting a dangerous precedent? Please like, comment and subscribe if you've enjoyed the video. To support the channel, please give me a min...
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Lloyds Banking Group is to pay its first dividend since the financial crisis after reporting a fourfold surge in profits. Lex’s Oliver Ralph and Alan Livsey discuss the partly state-owned bank’s capital recovery compared with European rivals. ► Lex: http://bit.ly/1I14JZF ► FT Wealth: http://bit.ly/1e3996C ► Will Japan Bail Out The Eurozone? : http://bit.ly/1J1Lmyc For more video content from the Financial Times, visit http://www.FT.com/video Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Adam H. Clarkson, Esq., explains how dues-paying homeowners in a community association can end up shouldering the financial burden of the banks, a situation he likens to a bank bailout. The Clarkson Law Group, P.C., is a community association corporate counsel group representing all types of community associations: high-rise associations; master associations; mixed-use associations; single-family homeowner’s associations; condominium associations; landscape maintenance associations; and converted condominium associations. The firm's offices are located in Las Vegas, Reno and San Francisco. Call 702-462-5700 or visit www.the-clg.com.
A lecture hosted by Political Economy Research Group (PERG). Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, F...
Feb. 26 (Bloomberg) -- Bloomberg's Elliott Gotkine reports on the challenges facing Coutts & Co., the private bank owned by Royal Bank of Scotland Group Plc which counts Queen Elizabeth II among its clients. Maryam Nemazee also speaks.
American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars. (March 15)
The U.S. government seized control of American International Group Inc. -- one of the world's biggest insurers -- in an $85 billion deal that signaled the intensity of its concerns about the danger a collapse could pose to the financial system.
Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929. But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace. Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people...
So the Royal Bank of Scotland misplaced some money. Actually lost money. All the taxpayers money that was provided at the 2008 financial collapse. At one time the Royal Bank of Scotland was the biggest bank in the world. In 2008, RBS was teetering on the brink of collapse, and it nearly brought down the UK's entire financial system with it. Only a massive injection of taxpayer's funds, £46 billion, saved RBS from collapse and the British financial sector from disarray.
Directed and edited by Marcus Howard. On December 23rd 2014 €500 Million of Irish money was destroyed yet there was hardly a mention on mainstream media. This was the sale of the first bond in the new Promissory Note deal hatched by Michael Noonan. What started in 2009/10 Ireland was forced to put a noose around the people of over €30 Billion so the Eurosystem could lend to a busted bank to redeem speculators on secondary markets according to Peter Mathews. In 2010 the then Fianna Fáil-Green Party coalition Government issued notes carrying massive Central Bank funding of Anglo Irish Bank (€25.3 Billion) and Irish Nationwide (€5.3 Billion) even though those banks were known to be insolvent yet that money was drawn down from the EU's Emergency Liquidity Assistance Fund with the full knowle...
Lawsuit claims company shareholders cheated by $182 million bailout with higher interest rates.
Sep. 17, 2008. Wall Street retreats as Fed's rescue of insurer adds to the sense that financial market distress is far from over. Stocks tumbled Wednesday morning, as the government's rescue of AIG and Barclays' purchase of some of bankrupt Lehman's operations underscored the ongoing turmoil in financial markets. Investors also considered a report on new home construction that showed that housing starts dipped to a 17-year low. The Dow Jones industrial average (INDU), the Standard & Poor's 500 (SPX) index and the Nasdaq composite (COMP) all slumped in the early going. On Tuesday, the Dow and Nasdaq gained as investors digested the Fed's decision to hold interest rates steady and geared up for news on AIG. AIG shares fell 30% Wednesday morning, while Lehman shares fell 36%...
A growing appetite for risk is prompting some Wall Street banks and investment firms to show interest in buying the most complex and troubled assets tied to the bailout of American International Group Inc., Colin Barr reports on Markets Hub.
Cenk Uygur discusses a New York Times report on how banks are using government money meant to be loaned to small businesses to 'pay back' TARP. Also, 475 billion of TARP that was funneled through insurers like AIG has not been paid back. Subscribe: http://bit.ly/eWuu5i TYT Mobile: http://bit.ly/dNKfpf On Facebook: On Twitter: http://twitter.com/theyoungturks http://www.theyoungturks.com/membership FREE Movies(!): http://www.netflix.com/tyt Read Ana's blog and subscribe at: http://www.examiner.com/x-5445-Politics-in-Education-Examiner Read Cenk's Blog: http://www.huffingtonpost.com/cenk-uygur
The insurance giant American International Group received a $182 billion tax payer bailout amidst the financial crisis. Recently, AIG was considering a proposal to sue the US government for charging unfair interest rates therefore putting less money in the pockets of shareholders. RT correspondent Anastasia Churkina brings us latest on the considered legal action. RT America LIVE http://rt.com/on-air/rt-america-air/ Subscribe to RT America! http://www.youtube.com/subscription_center?add_user=RTAmerica Like us on Facebook http://www.facebook.com/RTAmerica Follow us on Twitter http://twitter.com/RT_America
Why the government decided to give the American International Group (Insurance company) a billion dollar bailout during the 2008 market crash.-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
South Africa's anti-graft watchdog has reopened an investigation into whether Barclays Africa Group benefited from an apartheid-era bailout. A preliminary report by the country's Public Protector found that the apartheid government breached the constitution by supplying Bankorp, which was acquired by Barclays Africa unit, Absa, in 1992, with a series of bailouts from 1985 to 1995. Barclays Africa could have to repay 166 million dollars if the Public Protectors findings are upheld. A previous investigation in 2000 by a central bank-appointed panel found that the loans were made to stabilise the banking system and Absa shareholders did not derive any undue benefit. It recommended no further action be taken.
South Africa's anti-graft watchdog says that Barclays Africa Group unduly benefited from apartheid-era bailouts and must repay 86 million dollars. Public Protector Busisiwe Mkhwebane in January reopened a probe into Barclays South Africa following a wider report published last November by her predecessor. The investigation found that the apartheid government breached the constitution by supplying Bancorp, which was acquired by Barclays Africa unit Absa in 1992, with a series of bailouts from 1986 to 1995. Busisiwe's office has referred the matter to the Special Investigating Unit to help recover the money. Absa is under no obligation to pay anything to the South African government. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtn...
In Europe’s ‘Bailout Business’, who profits from bank rescues in the EU? That’s the subject of a new report by the Transnational Institute, an Amsterdam-based NGO. Brian Maguire spoke with the report’s co-author, Sol Trumbo Vila in the European Parliament.