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Items with tag “bailout”
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We don't intend to bail out city residents
By
March 31, 2011, 12:58AM
David Via of Harrisburg in his comment of March 6 ("Don't expect Reed to rise from the political graveyard"), said that "suburbanites should know we citizens of the city do not expect, request nor desire their sympathy or opinions. Now, if they would like to be a part of a positive solution they should move to the city, pay taxes... Full story »
Politicians look for bailout
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January 24, 2011, 12:14AM
Politicians want to cut our Social Security and Medicare that we paid into all our lives so we would have an income when we retire. If elected officials wouldn't be so free with their spending, they wouldn't be in trouble. Now they want to cut retirees' money to make up for the worthless running of the United States. I think... Full story »
Feds' spending has to stop
By
October 13, 2010, 1:01AM
Let's see, the state will bail out the city, the country will bail out the state and foreigners will bail out our country. Hope they're teaching Chinese in high school. The government must reduce its insatiable spending habit of our money and our kids' future earnings by 50 percent. Today. JACK MATTIS, Silver Spring Twp. Full story »
Creditor wants Harrisburg-based Turbine Airfoil Design put under control of outside manager
By
September 17, 2009, 4:50PM
A creditor has filed court paper saying Turbine Airfoil Designs owes it $637,000, and it wants to auction TAD assets. Full story »
Amex, JPMorgan, Bank of New York Mellon pass tests
By
May 06, 2009, 1:28PM
The stress tests were designed to see how the large banks and finance companies would fare if the economy worsens Full story »
Automaker Chrysler to file for bankruptcy protection
By
April 30, 2009, 9:42AM
Bankruptcy doesn't mean the nation's third largest automaker will shut down Full story »
The Other Banking Bailout: Billed to Your Credit Card
By
March 13, 2009, 2:05PM
The fees, penalties and late charges you pay on your credit card are now the main profit center of America's largest banks. Tell me again why we're spending billions of taxpayer dollars to bail out Wall Street at the expense of Main Street? Full story »
Harrisburg Tea Party
By
March 10, 2009, 1:39PM
Conservative groups hold rally on the capitol steps protesting government bailouts and wasteful spending.
Why the Banking Bailout May Fail and What Can be Done to Fix It
By
March 04, 2009, 12:31AM
Despite recent infusions of billions and billions of taxpayer dollars, credit markets remain sluggish and several major banks are rumored to be, for all practical purposes, broke. What the heck is going on here? Full story »
In praise (kind of) of bankruptcy
By
March 02, 2009, 10:04AM
The stigma of bankruptcy has colored the debate about whether and how to bail out the US automakers. (A friend recently pointed out an irony--"if we have to choose which company to bail out, it probably should be the one that doesn't want to be bailed out, Ford.") Full story »
PNC, National City banks approve merger
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December 23, 2008, 9:56AM
PITTSBURGH -- PNC Financial Services Group Inc. and National City shareholders on Tuesday approved a merger between the banks. The shareholders approved the merger at separate meetings in Pittsburgh and Cleveland, a largely symbolic gesture that sets the wheels in motion for the integration that is expected to be complete by late 2009. PNC is acquiring Cleveland-based National City... Full story »
Chrysler Death Watch - Week Nine
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December 21, 2008, 7:48PM
For Cerberus Capital Management, the majority owner of struggling auto maker Chrysler, it sure pays to have friends in high places. Full story »
World markets plunge amid US car industry concerns
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December 12, 2008, 10:37AM
LONDON (AP) -- World markets fell today amid concerns about the future of the U.S. auto industry following the Senate's rejection of a $14 billion rescue deal. However, the declines on Wall Street were less than futures markets were predicting ahead of the opening bell on indications that the White House is considering diverting money from the Wall Street... Full story »
Wall Street fluctuates amid auto bailout worries
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December 11, 2008, 11:50AM
NEW YORK -- Wall Street took a cautious stance today, leaving stocks narrowly mixed as investors questioned whether a bill to rescue Detroit's car-makers would pass the Senate. While investors waited for news on the automakers, they placed bets on energy companies and dropped financial stocks, following the strategy they took during Wednesday's session. Full story »
Chrysler Death Watch - Week Six
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December 01, 2008, 1:26PM
Ever hear of the television show Flip This House? Over the last five years, high-rolling private equity firms have engaged in a progressively risky, high-stakes game called Flip This Company. Full story »
Midstate residents wary of financing automakers
By
November 18, 2008, 11:00AM
Survival of the fittest may not be the most popular concept when it comes to car companies. Just ask central Pennsylvania people who have bought or fixed General Motors vehicles, time after time. Full story »
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How to Save the Auto Industry (and make America a better place!)
By
November 15, 2008, 12:19PM
There are going to be layoffs, lot's of them. Factories will be shuttered, the number of dealerships slashed. Tens of thousands of people will face the loss of their jobs, their homes, and their dignity. There's no longer any way to avoid it: massive change is coming to the American auto industry. Full story »
Chrysler Death Watch - Week Four
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November 14, 2008, 1:18AM
In little more than a week, Chrysler has gone from holding high-profile merger talks with automakers Nissan, Hyundai and GM, to pinning its diminishing hopes of survival on hoodwinking the U.S. government into a bailout. Full story »
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