Bailouts Essays (Examples)

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Bailout as the Subprime Crisis

Words: 1870 Length: 5 Pages Document Type: Essay Paper #: 67495889

hat is less certain is the benefits of the bailout -- those can only flow from taking advantage of the bailout to restore credit markets and prevent a repeat of this financial crisis in the future.

orks Cited:

Baker, Dean. "Subprime Rescue Plans: Backdoor Bank Bailouts." (2008): 9 pages. EconLit. EBSCO. 10 May 2009

Mishkin, Frederic S. "How Big a Problem is Too Big to Fail?" (2006). 18 pages. Journal of Economic Literature. Vol. XLIV (December 2006) pp.988-1004.

Glasberg, Davita Silfen, and Dan Skidmore.. "The Dialectics of hite-Collar Crime: The Anatomy of the Savings and Loan Crisis and the Case of Silverado Banking, Savings and Loan Association." American Journal of Economics and Sociology 57.4 (Oct. 1998): 423-449. EconLit. EBSCO. [Library name], [City], [State abbreviation]. 10 May 2009 .

Manchester, Joyce, and arwick J. McKibbin.. "The Macroeconomic Consequences of the Savings and Loan Debacle." Review of Economics and Statistics 76.3 (Aug.…… [Read More]

Works Cited:

Baker, Dean. "Subprime Rescue Plans: Backdoor Bank Bailouts." (2008): 9 pages. EconLit. EBSCO. 10 May 2009

Mishkin, Frederic S. "How Big a Problem is Too Big to Fail?" (2006). 18 pages. Journal of Economic Literature. Vol. XLIV (December 2006) pp.988-1004.

Glasberg, Davita Silfen, and Dan Skidmore.. "The Dialectics of White-Collar Crime: The Anatomy of the Savings and Loan Crisis and the Case of Silverado Banking, Savings and Loan Association." American Journal of Economics and Sociology 57.4 (Oct. 1998): 423-449. EconLit. EBSCO. [Library name], [City], [State abbreviation]. 10 May 2009 .

Manchester, Joyce, and Warwick J. McKibbin.. "The Macroeconomic Consequences of the Savings and Loan Debacle." Review of Economics and Statistics 76.3 (Aug. 1994): 579-584. EconLit. EBSCO. [Library name], [City], [State abbreviation]. 10 May 2009 .
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President Obama and Automotive Bailout

Words: 1262 Length: 4 Pages Document Type: Essay Paper #: 18437730

Auto Bailout

In the years leading up to the auto industry bailout, all of the so-called Big Three automakers were struggling. They had been losing market share for many years as more import companies had entered the American market. Some of these companies, notably Honda and Toyota, were able to deliver better cars at lower prices, putting the Big Three at a significant competitive disadvantage. hile the automakers had some good years, by the last 2000s they were losing money. They did not have competitive products, and were saddled with substantial retirement costs. These companies had tens of thousands of employees at one point and need to pay retirement benefits to those workers; the problem is that there are fewer workers today because of automation to cover those benefits. The automakers headed for bankruptcy, and successive contract restructurings with the unions had failed to reverse the trend. The federal government…… [Read More]

Works Cited:

BLS. (2012). Automotive industry: Employment, earnings and hours. Bureau of Labor Statistics.

Cauchon, D. (2012). In Ohio: Voters choose Obama as auto bailout resonates. USA Today. Retrieved November 30, 2012 from  http://www.usatoday.com/story/news/politics/2012/11/06/ohio-election-results/1658389/ 

CNN. (2009). Obama defends auto bailout, touts new fuel rules. CNN. Retrieved November 30, 2012 from http://articles.cnn.com/2009-09-15/politics/obama.autos_1_auto-industry-auto-bailout-tighter-auto?_s=PM:POLITICS

Reuters. (2009). Obama to announce auto bailout plan Monday. USA Today. Retrieved November 30, 2012 from  http://usatoday30.usatoday.com/money/autos/2009-03-27-new-autobailout_N.htm
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Ethics Values Social Responsibility Bailout of Banking

Words: 2576 Length: 8 Pages Document Type: Essay Paper #: 77183960

Ethics, Values, Social esponsibility

Bailout of Banking Industry in United States

Ethical Compliance by Banking Industry

It is quite common in American history that government comes for the rescue of companies and organization in the time of financial crisis. General motors' acquisition was one such example where saving GM meant saving the nation. When Government takes measure for the welfare of any segment of the economy, it then becomes responsibility of the organizations that they comply with social responsibility and ethical standards so that it should respond to its social character and use the benefits provided by the government in the honest fashion. The recent bailout of banking sector by U.S. government, and the misappropriation and misuse of these funds, have raised a big question mark on the compliance to ethical standards by the bank.

United States government has a long history of bailing out its financial institutions. Some of…… [Read More]

References

Amadeo, K. (2012). What Exactly Was the Bank Bailout Bill? retrieved from http://useconomy.about.com/od/criticalssues/a/govt_bailout.htm

Applebaum, B. (2009). Financial Rescue I.G. Says Banks Funneled TARP Aid to Various Expenses, The Washington Post, Retrieved from  http://www.washingtonpost.com/wp-dyn/content/article/2009/07/19/AR2009071901770.html?nav=hcmodule 

Congressional Budget Office. (2010), Report on the Troubled Asset Relief Program -- November 2010, Retrieved from http://www.cbo.gov/publication/21942

Davis, M. (2009). Top 6 U.S. Government Financial Bailouts, Retrieved from  http://www.investopedia.com/articles/economics/08/government-financial-bailout.asp#axzz1ujUlc2ZS
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U S Financial Crisis and Bailout

Words: 479 Length: 1 Pages Document Type: Essay Paper #: 15411024

S. lawmakers have passed a $700 bailout bill to buy troubled assets from banks in hopes that they will start lending again. it's almost ironic that the government is encouraging more of the very same thing that caused the problem in the first place. It seems that the government will do anything it can to continue to fuel the consumption-based economy even though Americans are awash in debt. Further, there's no guarantee that banks will respond in the way lawmakers intend them to given that they will no doubt be held more accountable for their lending decisions and the precarious condition of the economy that makes lending more risky. For all these reasons, the bailout is a misguided policy effort that will not address the fundamental causes of our current economic downturn.

ibliography

aker, D. (2008, February 14). Own to rent? Yes we can. Center for Economic and Policy Research.…… [Read More]

Bibliography

Baker, D. (2008, February 14). Own to rent? Yes we can. Center for Economic and Policy Research. http://www.cepr.net/index.php/op-eds-columns/op-eds-columns/own-to-rent-yes-we-can/

Crotty, J. (2008, September 24). The great switch: Banks rob people. Dept. Of Economics, UMass, Amherst and Center for Popular Economics. http://209.85.173.104/search?q=cache:l_kBTAczCMkJ:www.populareconomics.org/Bailout%2520-%2520Crotty.doc+%22housing+prices+would+keep+rising%22&hl=en&ct=clnk&cd=7&gl=us

The financial mess: How we got here. (2008, October 3). http://messageboards.aol.com/aol/en_us/articles.php?boardId=455943&articleId=694828&func=6&channel=News&filterRead=false&filterHidden=true&filterUnhidden=false
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GM Bailout Introduction to the

Words: 3295 Length: 10 Pages Document Type: Essay Paper #: 45656053

At the core of the economic argument is Schumpeter's theory of creative destruction. In his seminal economic work, Capitalism, Socialism and Democracy, Schumpeter (1942) argued that innovation is the process by which economic growth occurs. At times, this means that old, established technologies and companies must be destroyed, but that the net effect will be beneficial. This sentiment runs counter to the theory that the economy would be better off if GM were saved. The economic costs might be high today -- the $150 billion or more figure is not disputed -- but that in the long-run the benefits would outweigh these costs.

In a later elaboration, it was demonstrated that big business turnover specifically resulted in smaller government, stronger rule of law, less bank dependence, stronger shareholder rights and greater transparency (Fogel et al., 2008). Bailing out General Motors therefore harms the economy because it stifles growth and innovation,…… [Read More]

Works Cited:

Krisher, Tom & Thomas, Ken. (2008). Advocates: Automaker bailout essential. Associated Press. Retrieved April 30, 2009 from http://www.azcentral.com/business/articles/2008/11/12/20081112biz-automakers1113-ON.html

Langfitt, Frank. (2008). Automakers Lobby Pelosi for Bailout Cash. NPR. Retrieved April 30, 2009 from http://www.npr.org/templates/story/story.php?storyId=96713932

Ross, Brian & Rhee, Joseph. (2008). Big Three CEOs Flew Private Jets to Plead for Public Funds. ABC News. Retrieved April 30, 2009 from http://abcnews.go.com/Blotter/WallStreet/story?id=6285739&page=1

Karnitschnig, Matthew; Solomon, Deborah; Pleven, Liam & Hilsenrath, Jon E. (2008). U.S. To take over AIG in $85 Billion Bailout. Wall Street Journal. Retrieved April 30, 2009 from http://online.wsj.com/article/SB122156561931242905.html
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Greek Crisis

Words: 2337 Length: 7 Pages Document Type: Essay Paper #: 75228877

Greece Bailout

oadmap

The Greek government has faced an ongoing fiscal crisis for the past several years. ecently, for the third time, its Eurozone partners have been compelled to offer a bailout to the country. This is done to stabilize Greece's finances and to impose further measures on the Greek government to remedy the nation's budget and to ensure that there are no similar issues in future. The first part of the paper is a brief overview of the situation. The second part will outline some of the key issues that lead both to favor the bailout and to oppose it, and finally there will be analysis and a conclusion about whether or not bailing out Greece is the right thing to do. It will be argued that it is not, at least in the current form.

Background

There are several key issues at work with the Greek bailout. Greece…… [Read More]

References

BBC. (2013). IMF admits mistakes on Greece bailout. BBC. Retrieved April 17, 2014 from  http://www.bbc.com/news/business-22791248 

Bloomberg. (2012). Greek crisis timeline from Maastricht Treaty to ECB bond buying. Bloomberg. Retrieved April 17, 2014 from http://www.bloomberg.com/news/2012-09-05/greek-crisis-timeline-from-maastricht-treaty-to-ecb-bond-buying.html

Chu, B. (2012). Interview with economist Paul Krugman: Greece will leave Eurozone within 12 months. The Independent. Retrieved April 17, 2014 from  http://www.independent.co.uk/news/world/politics/interview-with-economist-paul-krugman-greece-will-leave-eurozone-within-12-months-7804753.html 

Esparza, A. (2013). Chinese investment in Greek port the biggest FDI after the crisis. Marketpulse. Retrieved April 17, 2014 from  http://www.marketpulse.com/20131127/chinese-investment-greek-port-biggest-fdi-crisis/
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Organization Structural Organization Reframing Big

Words: 580 Length: 2 Pages Document Type: Essay Paper #: 46719611

Political leaders in charge of this decision will not take into consideration only the effects that a possible bailout might have on the automakers. They will take into consideration the macroeconomic effects and challenges that are expected to emerge in case the bailout is approved.

The symbolic frame probably has the least importance regarding this subject. In case the bailout will not be approved, the cultural or symbolic aspects related to the big automakers affected by this situation will not have the strength to clarify the situation.

2. The important lesson provided by the organizational behavior consists in improving organizational effectiveness. This lesson should be important for all the managers or aspiring managers and it should always be taken into consideration when deciding upon important aspects that affect the organization in case.

Effectiveness and efficiency must characterize all types of organizations, private, profits oriented ones, but non-profit and governmental organizations…… [Read More]

Reference List

1. U.S. Automakers Bailout - a Bridge to Bankruptcy or a Road to Salvation. Saving to Invest. Retrieved December 12, 2008 at http://www.savingtoinvest.com/2008/11/us-automakers-bailout-bridge-to.html.
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The American International Group Situation

Words: 1844 Length: 7 Pages Document Type: Essay Paper #: 93406392


Conclusion
If AIG would not have been helped by the Federal eserve, it is more
than obvious that the financial group would have declared bankruptcy.
Although the bailout reached an enormous sum, the action was justified.
Given the current market conditions, an eventual collapse of AIG would
contribute even more to the fragility of the financial market. Also, it
would have led to a reduction of public wealth, and it would have reduced
economic performance.
The opinion of U.S. taxpayers is that the AIG bailout was not
justified. For them, it did not seem fair that they should pay for the
mistakes made by financial corporations' CEOs and by the defective policies
and strategies practiced by financial groups.
There are two sides to this issue, one opposing the other. U.S.
citizens have strongly declared themselves against the bailout. Their
pressure determined the country's officials to reject financial saving
plans initially.…… [Read More]

Reference list:
1. Chronology: Financial Crisis Spreads from U.S. to World
Markets (2008). Deutsche Welle. Retrieved November 7, 2008
from http:www.dw-world.dedwarticle0,2144,3689713,00.html.

2. Subprime mortgage crisis (2008). Wikipedia, the free
encyclopedia. Retrieved November 7, 2008 from
http:en.wikipedia.orgwikiSubprimemortgagecrisis.
3. DiMartino, D. & Duca, J. V. (2007). The Rise and Fall of
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Financial Industry Responsible for the

Words: 916 Length: 3 Pages Document Type: Essay Paper #: 69012167

It was irresponsible for banks to operate from a position of absentee management, and the careless ownership enabled reckless conduct from their "agents" who ran the day-to-day operation. While some blame must be placed on the public for continuing to spend at outrageous rates, the bank itself promoted and enabled such activity. Blankfein's argument that no one had been arrested is irrelevant since the issue at hand is whether the financial industry was responsible, not whether bank officials should be arrested. Banks made profound miscalculations concerning interest rates and loans, and should have been aware that their business practices were not feasible toward long-term success (Murphy).

Issue 7 places the theories of authors oger Lowenstein and obert Samuelson against one another. Lowenstein contends that government should bail out economic institutions; however, he does not argue that bailouts are necessary in order to assist the careless companies, but instead asserts that…… [Read More]

References

Newton, L., Englehardt, E., & Pritchard, M. (2012). Taking Side: Clashing Issues on Business Ethics and Society. New York: McGray Hill.

Murphy, a. (Nov. 4, 2008). An analysis of the financial crisis of 2008: Causes and solutions. SSRN. Retrieved from  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1295344 .

Andrews, E.L. (2008, Oct. 23). Greenspan 'shocked' that free markets are flawed. International Herald Tribune.
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Social Evolution to Rapid Revolutionary Change and

Words: 969 Length: 3 Pages Document Type: Essay Paper #: 70700407

Social evolution to rapid revolutionary change and contemporary globalization dynamics: Emphasizing the an Analysis of Global Economics.

An article that recently appeared in The Korea Herald, "U.S. And Germany stress cooperation" details a visit to Germany by U.S. Treasury Secretary Tim Geithner, who met with his German counterpart to discuss the financial crisis that has enveloped Europe as of late. The context for this meeting was important, as the European Union's currency, the Euro, has consistently been devalued in the past few years and several countries that are part of this alliance (17 altogether) are contemplating various measures in which the currency and the economic solidarity of the EU could be saved.

The crux of this article, which directly correlates to Hans-Werner Sinn's opinion editorial, "Why Berlin is Balking on Bailout" actually has less to do with the meeting between the two financial heads of the U.S. And Germany and…… [Read More]

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Bail Out Homeowners Instead of Banks

Words: 1160 Length: 4 Pages Document Type: Essay Paper #: 4012741

all Street Bailout -- Part II

all Street Bailout

The government-orchestrated bailout of the banks has been hailed and yet also condemned due to its perceived efficacy or lack thereof. Jeffrey Fuhrer suggested a path that was a lot cheaper and perhaps a lot less encouraging and propagating of the bad habits of banks and government entities that led to the crisis. This alternative, of course, was the individual homeowner bailout. Indeed, bailing out homeowners directly would have cost a mere fraction of what it did indeed cost to bail out Citibank, ells Fargo and the other banks. However, neither solution alone has a clear advantage over the other when looking at all relevant circumstances. hile doing a homeowner bailout would have had its merits, doing just the bank or homeowner bailouts individually probably would not have been as effective as doing them both in concert.

Analysis

This report will…… [Read More]

While some may view the bank bailouts as encouraging bad behavior, the money had to be and was paid back. Further, letting the banks fail would have imperiled a lot more bank deposits and assets that belonged to homeowners than would have been savable for a scant fifty billion. Indeed, the same bad consumer behavior that helped feed the mortgage monster would similarly feed runs on banks based on perceptions and hysteria. While the economic conditions of 2007 and 2008 were quite bad, they never approach Great Depression levels. On the same note, while unemployment reached roughly ten percent during the Great Recession, it was 2.5 times that during the Great Depression in the 1930's and the United States economy was quite dismal until the ramp-up during World War II (Perry, and Vernengo). However, when one inserts widespread panic into the equation, the Great Recession could have been a lot, lot worse. If the banking system had not been shored up at all in favor of bailing out only the consumers, it could have been quite cataclysmic because just bailing out the homeowners when the banks are failing due to their own or created problems would have negated much of what a homeowner bailout would have accomplished (Peicuti).

With that said, the housing bubble was not just the fault of the banks and the homeowners who procured the foolish loans had their part as well. A similarity regarding all of the bailouts is that everyone in the chain misbehaved and that includes the federal government, the homeowners and the banks. Indeed, part of the problem that created the housing bubble was improper oversight by the federal government. This oftentimes manifested with near-direct or entirely direct participation and complicity of the federal government. For example, Fannie Mae and Freddie Mac were not technically part of the government prior to the Great Recession but only in the sense that the United States Postal Service is not part of the federal government either. Referred to as government-serviced enterprises (or GSE's for short), those two entities had to be bailed out to the tune $66 billion had to be paid back to the federal government as those two groups had to be bailed out as well. Just as with AIG and the broader TARP program, all of that money was paid back and with a tidy profit on top of it to boot. The government really has no excuses about Fannie Mae and Freddie Mac going forward as the two groups became part of the federal government via conservatorship in 2008 and they are now federalized agency. There is some talk of those groups being wound down and done away with but that has not happened as of yet (Phillips).

While it may be more attractive to some to help homeowners directly and leave the larger banks hanging, proof of why that is an exceedingly bad idea was easy to spot during the Great Recession when banks were folding left and
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Corporate Bail-Out and the Current

Words: 1500 Length: 5 Pages Document Type: Essay Paper #: 27989951

Such problems are not overcome easily, but in time and with sustained efforts. To better understand my standpoint of defending the bailouts, consider what would have happened had the TAP never been implemented. All of the companies would have commenced bankruptcy procedures and the millions of workers they were employing would have been fired. At a first level, the state would have had to offer those former employees social aid. Then, the national purchasing power would have decreased even more, to impact the national demand and the national production. Also, the country's competitive position within the global market would have decreased dramatically. Overall then, while the bailouts may not have been fairly and efficiently allocated and while they did not revive the economy immediately, they did prevent it from taking an even more damaging turn.

eferences:

Haugen, D., 2010, Bailout Money Should Not Be Used to Pay Executive Bonuses, Detroit:…… [Read More]

References:

Haugen, D., 2010, Bailout Money Should Not Be Used to Pay Executive Bonuses, Detroit: Greenhaven Press

Haugen, D., 2010, the Government Bank Bailout Plan Is a Fraud, Detroit: Greenhaven Press

Haugen, D., 2010, the Government Bank Bailout Will Not Jump Start the American Economy, Detroit: Greenhaven Press

September 2008, Government Bailouts Must Put Americans First, U.S. Newswire
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Tarp and American Auto Companies

Words: 2747 Length: 8 Pages Document Type: Essay Paper #: 73839289

Yet, today, they sell only about 47% and this market share loss has accelerated over the past decade (Sullivan, 2008). The major issue, according to Sullivan, is the inability of the ig Three to effectively compete with their more efficient and market savvy Japanese rivals, even on their home turf. Opponents of the auto industry bailout feel that placing more money into a failed business strategy makes no sense and that everyone is better off if the free market, not the federal government, choose the winners and the losers in the economy (Moran, 2008). The end result of the auto bailout could well result in a return to protectionism which could unfairly impact other American industries' ability to compete in a global market. A policy analyst at the German-Marshall Fund voices a common concern that a bailout of the auto industry has the potential "to be the torch that lights…… [Read More]

Bibliography

Abouhalkah, Yael T. "The Big Three Bailout vs. Big Bank Handouts for AIG, CitiGroup." Kansas City Star 4 Dec. 2008. http://voices.kansascity.com/node/2983

"1979 Chrysler Bailout Holds Lessons" The Washington Times 24 Nov. 2008.  http://www.washingtontimes.com/news/2008/nov/24/1979-chrysler-bailout-holds-lessons/ 

Grossman, Andrew M. And Gattuso, James L. "TARP: Now a Slush Fund for Detroit?" 12 Dec. 2008. http://www.heritage.org/Research/Economy/wm2170.cfm#_ftn2

Kiley, David. "Auto Bailout Hung Up in the Senate." BusinessWeek 10 Dec. 2008. http://www.businessweek.com/bwdaily/dnflash/content/dec2008/db20081210_152585.htm
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Global Financial Crisis the Current

Words: 2267 Length: 6 Pages Document Type: Essay Paper #: 22232390

Given that, they must take the steps necessary to ensure this health. This is a profound shift in priorities -- the banking sector was normally governed on the basis that the best outcome was increased profit-making opportunity. The Obama administration, with its predilection for increased regulation, realizes that the best outcome for the banking industry, its executives and its shareholders is not necessarily the best outcome for the nation as a whole.

It is interesting that the only major change to Fed policy was with respect to its bailout of AIG. The Federal Reserve Bank of New York funneled AIG $85 billion to keep that company out of bankruptcy, a move seen as essential to the preservation of the global financial system. Necessary or not, the move was unprecedented and marked new territory for Fed policy. The Fed's approach to monetary policy, on the other hand, has not changed. They…… [Read More]

Works Cited:

Knowledge @ Wharton: The Subprime Crisis website. Retrieved May 12, 2009 from http://knowledge.wharton.upenn.edu/special_sections/subprime/

No author. (2009). Overview. New York Times. Retrieved May 12, 2009 from http://topics.nytimes.com/topics/reference/timestopics/subjects/c/credit_crisis/

Boeri, Tito & Guiso, Luigi. (2007). Subprime Crisis: Greenspan's Legacy. Vox. Retrieved May 12, 2009 from http://www.voxeu.org/index.php?q=node/488

Trehan, Veeta. (2007). The Mortgage Market: What Happened? NPR. Retrieved May 12, 2009 from http://www.npr.org/templates/story/story.php?storyId=12561184
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Public Law 110-343 the Crisis

Words: 3082 Length: 7 Pages Document Type: Essay Paper #: 6524679



Conclusions -- Was TAP Necessary -- A five member Congressional committee echoed a number of criticisms regarding TAP that many consumers, academics, and fiscal analysts were considering. What exactly was the Treasury's strategy with the $700 billion dollars for the supposed bail out? How can Treasury explain the significant gaps in their ability to find hundreds of billions of taxpayer money? In a nutshell, it appears that the departments that control the money given by the Congress (from the American people) have no ability to ensure that the bailed out banks will do what was needed and lend money; have no real standards of measuring success of failure of the program; and for ignoring pointed and specific questions from Congress about their performance (M. Crittenden).

The fact that many of the institutions bailed out with TAP funds, funds from the American taxpayer, did not distribute these funds back into the…… [Read More]

REFERENCES and WORKS CONSULTED

"2007 Public Company Bankruptcies Surpassed, According to BankruptcyData.com." 17 September 2008. AllBusiness.Com. 11 April 2010 http://www.allbusiness.com/company-activities-management/financial-performance/11564300-1.html

Andrews, E., et.al. "Fed's $85 Billion Loan Rescues Insurer." The New York Times 16 September 2008: http://www.nytimes.com/2008/09/17/business/17insure.html?_r=1&hp.

Bardeesy, Karim. "Bailout Baloney." 2 October 2008. The Big Money from Slate. 11 April 2010 http://www.thebigmoney.com/articles/juicy-bits/2008/10/02/bailout-baloney

Bucznski, Richard. "Economic Crisis: When Will It End?" 2010. IBIS World. 9 April 2010 http://www.ibisworld.com/recession2009/
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Big to Fail the Phrase Too Big

Words: 692 Length: 2 Pages Document Type: Essay Paper #: 14022596

Big to Fail

The phrase "too big to fail" is a term used to describe certain institutions that are so large, interconnected and significant to the American economy that their failure would be disastrous. Because of this perception American public policy has evolved into government support for these institutions when their frequently poor management, greed, and risk-taking behaviors put them in jeopardy.

A partial list includes: Fannie Mae, Freddie Mac, AIG, General Motors, Bank of America, Citigroup, JPMorgan Chase, Wells Fargo, GMAC, Chrysler, Goldman Sachs, Morgan Stanley, Bank of America subsidiaries (Countrywide), U.S. Bancorp, Capital One, Regions and SunTrust.

The issue of taxpayer funded bailouts for institutions deemed too big to fail is one of the most controversial subjects that can be brought up. Bailouts for U.S. automakers like GM and Chrysler can at least be credited with saving jobs of U.S. employees. By preventing massive layoffs, bailing out these…… [Read More]

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Bailing Out the American Economy Banks vs

Words: 2016 Length: 5 Pages Document Type: Essay Paper #: 44887684

Bailing out the American economy: Banks vs. mortgage-Holders

In 2008, the United States teetered on the brink of an economic crisis. If the United States were to suffer a financial meltdown, the global economy could spiral downward in a manner unprecedented since the Great Depression. The crisis had begun in the U.S. subprime mortgage market but had rapidly spread to other sectors of the economy. The remedy of the U.S. government was the creation of the TARP (Troubled Asset Relief Fund) ("Troubled Asset Relief," Investopedia, 2012). Almost every major banking institution, deemed in the infamous phrase 'too big to fail' was given some form of relief. However, homeowners who were behind on their mortgages were angry that they received relatively little support from the government even though they perceived themselves as far less culpable than the banks. Even the plan proposed by Jeffrey Fuhrer (Foote et al. 2009) on the…… [Read More]

Works Cited

Calmes, Jackie. "Audit finds TARP program effective." New York Times. 20 Dec 2009.

[17 Oct 2012].

http://www.nytimes.com/2009/12/10/business/economy/10audit.html?dbk&_r=0

Carter, Adrienne. "Big Banks Pay Back TARP Funds -- But Still Get Government Aid."
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Economics What Was the Ultimate

Words: 867 Length: 2 Pages Document Type: Essay Paper #: 50799982

To examine the causes the independent variables will be the costs associated with the production and sale of the cars, looking a both the direct and the overhead costs in the years prior to the bailouts, to assess the degree to which the firms appeared to have control over their costs. If there was a lack of control over the costs, the level of costs may be a predictor of future problems.

Definition of Terms

Before undertaking the research it is necessary to define some of the terms which will be used. The failure of a firm relates to whether a firm entered into bankruptcy. Bailout funding was the funding that was received from the government as part of an official bailout package in order to help the firm survive.

The costs will be assessed in terms of the overall costs incurred to manufacture cars; this may be the cost…… [Read More]

References

Isidore, C. (2008, November 17). Auto Bailout: Showdown. CNNMoney.com. Retrieved from http://money.cnn.com/2008/11/17/news/companies/gm_showdown

Hiraide Norikatsu; Chakraborty, Kalyan, (2012) Surviving the Global Recession and the Demand for Auto Industry in the U.S. -- a Case for Ford Motor Company, International Journal of Economics and Finance, 4(5), 85-94

Ooghe, Hubert; De Prijcker Sofie, (2008), Failure Processes and Causes of Company Bankruptcy: a typology, Management Decisions, 46 (1-2), 223-242

Watson, Thomas, (2009), Automotive Trouble, Journal of Domestic Car Production, 82(7), 11-12.
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Big Fail Title a Recent Book a

Words: 751 Length: 2 Pages Document Type: Essay Paper #: 68090408

Big Fail" title a recent book a movie HBO. It refers bailout major financial institutions began 2008, time concern,, United States fall a depression aid. For purpose discussion I include bailout General Motors Chrysler.

Too big to fail

In the second half of 2007, the real estate sector in the United States of America showed the first signs of weakness. Devaluations were gradually observed and the investments made in the field came to lose value. The problem was mainly represented by the fact that the population did not afford the properties, but the financial institutions had traded in money as it had already been reimbursed. The bubble eventually burst and the financial institutions were the first to suffer the major hit.

In Too big to fail, the focus falls on the bankruptcy of Lehman Brothers, based on the recurrent assumption that it was this bankruptcy which onset the unfolding of…… [Read More]

References:

Maggs, J., 2010, Criticism of TARP persists, Politico, http://www.politico.com/news/stories/1010/42995.html last accessed on November 14, 2011

Weiner, M., 2009, Biggest mistake of the financial crisis: Lehman Bros. Bankruptcy, Politics Daily, http://www.politicsdaily.com/2009/09/15/biggest-mistake-of-the-financial-crisis-lehman-bros-bankruptcy / last accessed on November 14, 2011

2011, Troubled Asset Relief Program, Investopedia,  http://www.investopedia.com/terms/t/troubled-asset-relief-program-tarp.asp  last accessed on November 14, 2011

Too big to fail, HBO Movie, Directed by Curtis Hanson, based on a book by Peter Gould and Andrew Ross Sorkin
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Videos Mayor Nutter's Budget Speech Contained Several

Words: 946 Length: 3 Pages Document Type: Essay Paper #: 31909139

Videos

Mayor Nutter's budget speech contained several effective elements. The mayor is delivering a challenging budget. IN order to deliver this news, he begins with two effective devices. The first is that he rallies the support of the people by pointing out that he is a leader they can trust (had an open house at City Hall) and that the people of Philadelphia had rallied to meet challenges before (picking up trash, etc.). The second effective device was that he wanted to create a sense of urgency about the situation. In order to deliver bad news, it is important that a sense of urgency is created because it compels the listener to want to act right away, as opposed to delaying action. Thus, the mayor effectively recounts how bad the recession is, and the ways that it has already had a negative effect on the national economy and on the…… [Read More]

Works Cited:

Peterson, J. (2012). 12 effective speech tips and checks. Speech Topics Help. Retrieved February 15, 2012 from  http://www.speech-topics-help.com/effective-speech.html 

Video: $14B auto bailout dies in Senate. Retrieved February 15, 2012 from http://www.youtube.com/watch?v=L7PMnKUcL1U

Video: Nutter paints bleaker picture on budget crisis. Retrieved February 15, 2012 from http://abclocal.go.com/wpvi/video?id=6492270
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Economic Crash Can Be Viewed From a

Words: 1487 Length: 5 Pages Document Type: Essay Paper #: 62861911

Economic crash can be viewed from a number of perspectives ranging from causes and effects to the 2008 Crash's resemblance to the Crash of 1929, which began the Great Depression. This paper will consider the 2008 recession from the standpoint of the financial banking industry, which, according to economic journalists like Matt Taibbi (2010), played a major and significant role in the crumbling of the nation's economy -- just like it did in the Lawless Decade also known as the oaring Twenties.

Big Banking Meets Big Government

What has now become known as the Era of De-egulation actually had its beginnings in the 80s decade known just as much for its rampant excess as the early 20s were known for their unbridled lawlessness. Yet, while the latter enjoyed the snubs-to-the-law bootlegging speakeasies, the former enjoyed the merging of the financial sector with the political -- which began during eagan's tenure…… [Read More]

Reference List

AP/HuffPost. (2011). Charles Ferguson's Oscar Speech Rips Wall Street: 'Inside Job'

Director Levels Criticism During Acceptance. HuffPost Business. Retrieved from  http://www.huffingtonpost.com /2011/02/28/charles-ferguson-oscar-speech-inside-job_n_828963.html

Sann, P. (n.d.). The Lawless Decade: A Pictorial History of the Roaring Twenties.

Retrieved from  http://lawlessdecade.net/
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Fiat Chrysler -- Leadership - Teambuilding

Words: 2832 Length: 8 Pages Document Type: Essay Paper #: 92836003

Fiat / Chrysler -- Leadership - Teambuilding

The Chrysler merger with Fiat was met with skepticism and doubts when it was first proposed. Chrysler had just recently emerged from near bankruptcy -- saved by a U.S. government bailout -- and Fiat is a strong internationally respected corporation building cars, earth-moving machines, and more. The merging of Chrysler and Fiat was seen as having a greater opportunity for success than did the merger between Chrysler and Daimler-Benz, but still there were doubters in the industry. However, as of May, 2012, the blending together of the two companies (Fiat and Chrysler) has produced a profitable situation. This paper examines the cultures -- and leadership -- shown within the two companies, a strong combination that has allowed success to be achieved. The paper also critiques the leadership styles in the dynamics of this merger, and delves into the concept of teambuilding when two…… [Read More]

Works Cited

Associated Press. (2012). Fiat Gets Another 5% State In Chrysler Thanks to Dodge Dart.

HuffPost Detroit. Retrieved May 11, 2012, from  http://www.huffingtonpost.com .

Buss, Dale. (2012). "Gordian Knott" Sliced Through Chrysler Woes with Suppliers. Forbes.

Retrieved May 11, 2012, from   http://www.forbes.com  .
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The Pros and Cons of the Euro

Words: 989 Length: 3 Pages Document Type: Essay Paper #: 62375940

Boom in Busts: Good or Bad?

There are several pros and cons in the bankruptcy legislation issues. In the current European systems, entrepreneurs forced to file for bankruptcy protection carry business failures and associated debts for years, may be liable to criminal charges and may even be driven to suicide by crushing failure and ongoing debt (Peng, 2014, p. 145). Those consequences and the "fear of failure" rampant in Europe causes some entrepreneurs to abandon their ideas without ever trying to develop them. The "advantage" of the current system, however, favors the creditors because creditors are still supposed to get paid; the money owed to them does have to be simply written off as losses (Peng, 2014, p. 145). The American system, which gives bankrupt entrepreneurs two options -- either complete liquidation and walking away from debt or restructuring to renegotiate with/pay creditors according to court-approved schedules -- also has…… [Read More]

Works Cited

Carroll, L., & Youngman, C. (2015, September 21). Fact-checking claims about Donald Trump's four bankruptcies. Retrieved March 20, 2016 from www.Politifact.com: http://www.politifact.com/truth-o-meter/statements/2015/sep/21/carly-fiorina/trumps-four-bankruptcies/

Crum, B. (2013). Saving the Euro at the Cost of Democracy? . Journal of common market studies, 51(4), 614-630.

Peng, M. W. (2014). Global strategic management, 3rd edition. England: South-Western Cengage Learning.
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Ford vs G M

Words: 804 Length: 3 Pages Document Type: Essay Paper #: 48775238

Ford vs. GM

The author of this report is asked to compare two companies from the same industry. For the purposes of this report, those two companies shall be Ford and General Motors. A one page treatise will be offered for each company giving the history and performance of the two firms over time. Three years of financial data will be offered for each company including financial ratio data. Finally, a verdict will be offered as to which company (if not both or neither) are worth owning at this time.

General Motors

General Motors has been around in some form since 1908 when it was founded in Flint, Michigan. General Motors was the global leader in sales for nearly eight decades until 2007 when it ceded that throne to Toyota. Not long after that, General Motors filed chapter 11 bankruptcy with heavy government involvement and guidance. The involvement was heavy…… [Read More]

References

Ford. (2013, September 30). Ford -- New Cars, Trucks, SUVs, Hybrids & Crossovers |

Ford Vehicles . Ford -- New Cars, Trucks, SUVs, Hybrids & Crossovers | Ford

Vehicles . Retrieved September 30, 2013, from  http://www.ford.com/ 

General Motors. (2013, September 30). General Motors Company | Official Global Site |
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Renault-Nissan Partnership Underwent a Significant

Words: 4553 Length: 16 Pages Document Type: Essay Paper #: 23423724

Innovations in product are not transmitted throughout the organization. This means that there are production synergies between the different Coloplast facilities that are not presently exploited.

The company can mitigate the impact of health care reform therefore by improving its product processes. Their industry is beginning to shift from cash cow status to one characterized by tight margins and high volumes. Coloplast must become a low-cost producer, to use Michael Porter's terminology (Porter, 1980). This is going to force Coloplast to shift its core competencies.

The current core competencies for Coloplast are its experience and knowledge of its own products, its customer-focused product innovation, its value-added services and its extensive knowledge of the health-care systems in which it operates (Brown, et al.). These competencies are more congruent with an organization that is engaged in a differentiation strategy. This was an allowable mindset when Coloplast was able to leverage its knowledge…… [Read More]

Works Cited:

Kim, Chang-Ran & Massy-Beresford, Helen. (2009). Is Nissan-Renault tie-up success story overblown? Reuters.

Lundgren, Jason; Sahar, Joseph; Schwietz, Jenna & Yuhas, Ildiko. (2009). The Renaul-Nissan Alliance.

Agence France-Presse. (2009). Renault-Nissan to Collaborate on Clean Cars for China. Industry Week. Retrieved April 15, 2009 from  http://www.industryweek.com/articles/renault-nissan_to_collaborate_on_clean_cars_for_china_18908.aspx 

No author. (2008). Charge! The Economist. Retrieved April 15, 2009 from http://www.economist.com/business/displaystory.cfm?story_id=11332425
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Nature Project Sources Information Plan Important Concepts

Words: 2189 Length: 8 Pages Document Type: Essay Paper #: 63568525

nature project, sources information plan, important concepts techniques applied. You receive feedback proposal Instructor Week 6, give time make adjustments.

Proposal for new strategic endeavors of production, pricing and resource utilization at Ford Motor Company

In the context of the global economic recession, the American automobile industry faces demise. Out of the three main players in the United States, Ford Motor Company has rejected the bailout from the government and has focused its strategy on internal restructuring. As part of this effort, the future project would set out to provide some recommendations of how the company can reshape its production, pricing and resource utilisation strategies in an effort to create more value for the organisation.

Introduction

With the commencement of the 2007 economic crisis, the American automobile industry has been facing endless challenges. The number of customers has decreased, as has their purchase power and the subsequent demand for the…… [Read More]

References:

Pride, W.M., Hughes, R.J., Kapoor, J.R., 2011, Business, Cengage Learning

Rosenfeld, H., 2009, The North American auto industry in crisis, Monthly Review, Vol. 61, No. 2

Soy, S., 1997, The case study as a research method, Texas University at Austin, http://www.gslis.utexas.edu/~ssoy/usesusers/l391d1b.htm last accessed on May 24, 2012

Vasudev, P.M., Watson, S., 2012, Corporate governance after the financial crisis, Edward Elgar Publishing
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Fiscal and Monetary Policy On the Most

Words: 1364 Length: 4 Pages Document Type: Essay Paper #: 69129640

fiscal and monetary policy.

On the most basic level, the primary difference between fiscal and monetary policy is that fiscal policy pertains to the actions of the federal government designed to influence the national economy through government spending and taxation while monetary policy refers to the actions of the central bank to govern the money supply. Tight or restrictive monetary and fiscal policy is used to curb inflation; a liberal monetary and fiscal policy is used as an economic stimulus (What is the difference between fiscal and monetary policy, 2002, As Dr. Econ).

2-Compare and contrast Keynes and Hayek

According to Keynes, it was sometimes necessary for the federal government to take a role in managing the economy, to correct the ebbs and flows of the business cycle. During severe recessions consumers became wary about losing their jobs, stopped spending money, and this further curtailed economic growth. Eventually, more and…… [Read More]

References

Koehn, Nancy. (2011). Tale of the dueling economists. The New York Times. Retrieved:

http://www.nytimes.com/2011/10/23/business/keynes-hayek-views-origins-of-an-economics-debate-review.html?_r=1&ref=books

Nasar, Sylvia. (2011). Hayek, Keynes and How to Prevent Economic Crises. Bloomberg.

Retrieved:  http://www.bloomberg.com/news/print/2011-09-13/hayek-keynes-and-preventing-economic-crises-commentary-by-sylvia-nasar.html
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Macroeconomic Analysis Economically Recession Is Described as

Words: 780 Length: 3 Pages Document Type: Essay Paper #: 53350386

Macroeconomic Analysis

Economically, recession is described as a significant drop in economic activity over a short period of time usually a few months (bbc news, 2008). Gross Domestic Product (GDP), household income and other macro-economic indicators drop while others such as unemployment and bankruptcy rises. ecession can be caused by many factors e.g an external trade shock or the burst of an economic bubble such as the United States housing bubble. Most governments deal with recession by applying expansionary macroeconomic policies like reducing interest rates and increasing government spending. By lowering interest rates, governments hope to entice business into expanding.

Fiscal policy refers to the use of the government taxation (revenue collection) and expenditure (spending) to influence the economy of a country. The changes in the two key pillars, revenue collection and expenditure influence macro-economic variables such as aggregate demand, resource allocation pattern within the government and the distribution of…… [Read More]

References

Bernanke, Ben (13 January 2009). "The Crisis and the Policy Response." Federal Reserve.  http://www.federalreserve.gov/newsevents/speech/bernanke20090113a.htm 

BBC news, (8th July 2008). "Q&A: What is a recession?"

Marc L., (2013). Federal Reserve: Unconventional Monetary Policy Options. http://www.fas.org/sgp/crs/misc/R42962.pdf
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On Liberty and the US Constitution

Words: 2791 Length: 8 Pages Document Type: Essay Paper #: 1296870

Mill and U.S. Constitution

None of the issues being raised today by the Occupy all Street (OS) movement are new, but rather they date back to the very beginning of the United States. At the time the Constitution was written in 1787, human rights and civil liberties were far more constrained than they are in the 21st Century. Only white men with property had voting rights for example, while most states still had slavery and women and children were still the property of fathers and husbands. Only very gradually was the Constitution amended to grant equal citizenship and voting rights to all, and even the original Bill of Rights was added only because the Antifederalists threatened to block ratification. In comparison, the libertarianism of John Stuart Mill in his famous book On Liberty was very radical indeed, even in 1859 much less 1789. He insisted that individuals should be left…… [Read More]

WORKS CITED

Dahl, Robert Alan. How Democratic is the American Constitution? Yale University Press, 2003.

Kaplan, Lawrence. S. Alexander Hamilton: Ambivalent Anglophile. Scholarly Resources, Inc., 2002.

Main, Jackson Turner. The Antifederalists: Critics of the Constitution, 1781-1788. University of North Carolina Press, 1989, 2004.

Mill, John Stuart. On Liberty. London, 1859.
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Too Big to Fail

Words: 4400 Length: 13 Pages Document Type: Essay Paper #: 95087926

fall 2007, the United States economy was rolling along in a healthy fashion having enjoyed 24 consecutive quarters of positive Gross Domestic Product growth. The Standard and Poors Index was over 1,500 and unemployment was below 5%. There was essentially no inflation. These were all good numbers and normally indicative of a health economy (Bloomberg Business eek).

Roughly 12 months later everything had changed. Treasury Secretary Henry Paulson surprised everyone by announcing that the Government was intending to intervene in the U.S. economy by holding reverse auctions where the troubled assets of several domestic financial institutions would be bought (Landler). As matters worsened quickly, the proposed auction concept was expanded to the point that the Government would actually purchase equity positions in some of the country's largest banks. The argument offered by Paulson was that such measures were needed to stabilize the troubled financial markets, avoid bank failures, and prevent…… [Read More]

Works Cited

Ashcraft, Adam B. "Are Banks Really Special? New Evidence from the FDIC-Induced Failure of Healthy Banks." The American Economic Review (2005): 1712-1730.

Bloomberg Business Week. "The Economy on the Edge." 19 November 2007. Bloomberg Business Week. 12 December 2011 .

Carliner, Michael S. "Development of federal homeownership "policy." Housing Policy Debate (1998): 299-321.

Case, Karl E. "Is There a Bubble in the Housing Market?" Brookings Papers on Economic Activity (2003): 299-362.
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Influence of 2007 Economic Crisis on American Car Market

Words: 24230 Length: 88 Pages Document Type: Essay Paper #: 81822842

2007 Economic Crisis on American Car market

Effect of the 2008 global economic crisis on automotive industries

Crisis in the United States

Crisis in Canada

Crisis in ussia

Crisis in European markets

Crisis in Asian markets

Effects by other related crisis events

In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will also have a look at how this crisis had affected car manufacturers in other major markets around the world notably Europe, Canada and the prominent Asian markets such as China and India. Finally, we will look at some of the other factors which were important to this event namely the energy crisis since the cost of fuel is directly related to the car industry.

Introduction

The automobile industry is a very important part…… [Read More]

References

Lee, C. (2003). Financial Liberalization and Economic Crisis in Asia. New York: Routledge.

Pempel, T.J. (1999). The Politics of Asian Economic Crisis. New York: Cornell University Press.

Arestis, P. (2001). What Global Economic Crisis? New York: Palgrave.

Liou, K.T. (2002). Managing Economic Development in Asia. Westport, CT: Praeger.
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Decision-Making Is One of the

Words: 4930 Length: 17 Pages Document Type: Essay Paper #: 7272903

" To that end, the Treasury Department would limit executive compensation for institutions receiving "exceptional assistance" (Geithner and Summers, 2009).

Troubles continued in the financial sector -- both Citigroup and the Bank of America needed second rounds of capital infusions, and federal guarantees against losses totaling tens of billions more -- while Ben S. Bernanke, the Federal Reserve chairman, warned that more capital injections might be needed to further stabilize the financial system. On Jan. 16, the Senate voted 52-42 to release the second round of funds (Gerth, 2009).

THE GEITHNER PLANS -on Feb. 10, Mr. Geither presented the rough outlines of the Obama administration's plan. A central piece of the proposal would create one or more so-called bad banks that would rely on taxpayer and private money to purchase and hold banks' bad assets. Another centerpiece of the plan would stretch the last $350 billion that the Treasury has…… [Read More]

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Ethics Memorandum A3 Layout in

Words: 1591 Length: 5 Pages Document Type: Essay Paper #: 1182976



Conclusion

Overall the automobile industry must make a more concerted effort o behave in ways that are consistent with accepted business ethics. From a utilitarian standpoint the automakers must begins to consider the consequences of their actions in the decision making process. At the current time Toyota is fighting to rebuild its brand image because the company6 did not thoroughly take into consideration the consequences of their actions. From a deontological standpoint the automobile companies have failed to act in ways that are just as it relates to the bailout and the recall of defective vehicles by Toyota. Going forward the companies that make up the industry must learn from the issues they have been confronted with in recent years. It is only through such a process that the entire industry will reflect a more ethical business model. An increase in ethical responsibility will likely prove effective attracting customers back…… [Read More]

Works cited

Brady F.N., Dunn C. P 1995. Business Meta-Ethics: An Analysis of Two Theories. Business Ethics Quarterly, Vol. 5 (3) pp. 385-398

Finch, J. 2010. Toyota Sudden Acceleration: A Case Study of the National Highway Traffic Safety Administration. Retrieved from: http://www.luc.edu/law/activities/publications/clr_vol22_issue4/pdfs/finch_toyota.pdf

Fuhrmans, V., Catan, T. (2010) Daimler to Settle With U.S. On Bribes. Wall Street Journal. 255 (68), pB1-B2

Newman, a. Auto Bailout: Lemon or Lemonade. New American 25 (1), p21-24
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Economics Crisis as an Inevitable

Words: 4733 Length: 13 Pages Document Type: Essay Paper #: 43936576



The U.S. is a property owning civilization and a number of the people wanted land and housing. Americans however scarcely ever create savings. "The country itself lives on other countries' savings by issuing bonds to finance its excessive consumption. The current crisis began with cheap housing loans offered by banks. Banks provided loans but instead of holding the loan in their books, they packaged them into collateralized debt obligations (CDOs) and sold them to other agencies. These agencies passed them on to others and spread them globally as assets" (the Current Economic Crisis, its causes, its impact and possible alternatives, 2009).

Interest rates were lowered and housing loans went up with construction activities leading to land prices increasing. The real estate was booming, generating employment and incomes. But as the rate of interest on housing loans came down, banks started to compete to get more business. Because of low interest…… [Read More]

References

Avizius, R. 2009. Financial Crisis Big Picture: What has the Government Response Been? [ONLINE] Available at:  http://www.marketoracle.co.uk/Article9229.html . [Accessed 22 May 2012].

Centeno, M.A. & Cohen, J.N. 2012. The Arc of Neoliberalism. [ONLINE] Available at: http://www.yale.edu/macmillan/transitionstomodernity/papers/CentenoCohen.pdf. [Accessed 22 May 2012].

Crotty, J. 2009. Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture' . [ONLINE] Available at:  http://cje.oxfordjournals.org/content/33/4/563.full . [Accessed 22 May 2012].

Esteva, G. (n.d.). The Meaning of the Global Crisis and "Recovery" for Study Abroad: What are we Preparing Students for? [ONLINE] Available at: http://digitalcollections.sit.edu/cgi/viewcontent.cgi?article=1110&context=faculty_symposium. [Accessed 22 May 2012].
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Allied Visions The Success of

Words: 4453 Length: 16 Pages Document Type: Essay Paper #: 85512244

In IBM's case, the Department of Justice found that their efforts were mired in failure. Unfortunately, IBM was so central to the economic operations of Germany and occupied Europe that it was necessary to preserve IBM's role in the economy of Europe so as not to jeopardize the postwar occupation.

Part II-Present Corporatist America and Comparisons with Fascist Italy-

When the Wall Street Journal, the United States' newspaper of record for financial affairs makes an explanatory note, it gives us all pause. Gerald F. Driscoll in "An Economy of Liars" takes aim at both the Obama and George W. Bush administrations when he speaks about the present economic reality and asserts "We call that system not the free-market, but crony capitalism. It owes more to Benito Mussolini than to Adam Smith ("An Economy of Liars" 2010)."

If a communist agitator on the proverbial soapbox spouted this statement, it could be…… [Read More]

References

Alter, J. 2006, the Defining Moment: FDR's Hundred Days and the Triumph of Hope,

New York, Simon and Schuster.

Black, E. 2001, IBM and the Holocaust, Crown Publishers, New York.

(1965) "The Economy: We Are All Keynesians Now," Time, Available from http://www.time.com/time/magazine/article/0,9171,842353-1,00.html
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International Business Basic Business

Words: 1361 Length: 4 Pages Document Type: Essay Paper #: 28203148

Business: International Business

International Business: Business

The IMF often provides financial assistance to ailing economies after a crisis to enable them return to their pre-crisis levels of income. However, whether or not these bailout programs are able to achieve this objective is dependent on a number of factors. This text reviews the recovery processes of four European countries to obtain a view of what these factors are.

Currency Conversion

dollar = 102.28 Japanese Yen (¥); 0.75 Euros (€); and 0.6 British pounds (£)

Converting $1,500 into:

Japanese Yen

=$1,500 X 102.28

= ¥153,420

Euros

= $1,500 X

= € 1,125

British Pounds

= $1,500 X

=£ 900

What is the price in U.S. Dollars of purchasing:

A computer costing ¥167,000

= ¥ 167, 000/¥102.28

= $1, 632

Euro desks/chairs costing €1, 125

= €1,125/€0.75

=$1, 500

iii) Printer costing 575 Pounds

= £575/£0.6

=$958

Part Two: Effects of the Global…… [Read More]

References

Dapontas, D. (2011). Currency Crises: The Case of Hungary (2008-2009) Using Two Stage Least Squares. The Bank of Greece. Retrieved January 4, 2016 from http://www.bankofgreece.gr/BogEkdoseis/SCP201113.pdf

Hammar, K. (2015). Iceland Makes Strong Recovery from 2008 Financial Crisis. The International Monetary Fund. Retrieved January 4, 2016 from http://www.imf.org/external/pubs/ft/survey/so/2015/car031315a.htm

IMF. (2015). IMF Executive Board Concludes Article IV Consultation with Hungary. The International Monetary Fund. Retrieved January 4, 2016 from https://www.imf.org/external/np/sec/pr/2015/pr15156.htm

Lipton, D. (2015). The Case for Supporting Ukrainian Economic Reforms. The International Monetary Fund. Retrieved January 4, 2016 from https://www.imf.org/external/np/speeches/2015/040715.htm
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Microeconomic in February of 2007

Words: 2558 Length: 8 Pages Document Type: Essay Paper #: 71108631

They will only respond to outcomes that they feel directly. Thus, the government's actions are not having the desired impact on consumer behavior.

A disagree with the government's approach. The interest rate cuts are particularly worrisome. The massive cuts in the early 00s helped to spur the crisis because they had a profound impact on the money supply and helped to restore consumer confidence. Cuts of the same magnitude have been implemented now, but without the same results that were seen in the early to mid 00s. orse yet, if those results were seen, we could find ourselves in a repeat of the housing bubble. If something spurs a surge in consumer confidence, for example a strong holiday retail season, this could help convince banks to loosen their credit. ith the low rates, the market would once again be flooded with capital. This would spur a resurgence in the housing…… [Read More]

Works Cited

Boeri, Tito & Guiso, Luigi. (2007) Subprime Crisis: Greenspan's Legacy. Vox. Retrieved November 19, 2008 at http://www.voxeu.org/index.php?q=node/488#fn2

Brown, Jeff (2008) Subprime Crisis: A Bouquet of Opportunity Masked a Reek of Risk. Knowledge @ Wharton. Retrieved November 19, 2008 at http://knowledge.wharton.upenn.edu/article.cfm?articleid=1995

Bagley, Nicholas. (2008). The Federal Role in the Subprime Mortgage Mess. Sacramento Bee. Retrieved November 19, 2008 at http://www.treasurer.ca.gov/beyondthehorizon/20080128.pdf

Thoma, Mark. (2008). The Fed's View of the Sub-Prime Mortgage Market. Economist's View. Retrieved November 19, 2008 at  http://economistsview.typepad.com/economistsview/2007/03/the_feds_view_o.html
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Finances Critical Book Reviews America's

Words: 2634 Length: 10 Pages Document Type: Essay Paper #: 79526987

Sorkin, however, posits no argument per se. ather, his book offers insight into how the financial crisis manifested from a far more personal perspective of those involved than anything else. The book is informative in nature, and give insight into some of the thought processes and activities those on the outside may not otherwise be exposed to or privy to. The title of the book sums it up best, and the book outlines how the banks and the primary players and stakeholders have become too big to fail. The book highlights the self-interest of those in charge of some of the biggest financial institutions in the world and their blatant disregard for Main Street.

The book has a place in the larger academic debates raised within public knowledge because it adds to the public's real knowledge of those involved in the nation's financial industry and government offices. Instead of speculating…… [Read More]

References

Cassidy, J. (2008). Anatomy of a meltdown, New Yorker, 84(39), 1-756.

Cherry, C. (1998). God's new Israel: Religious interpretations of American destiny.

UNC Press Books.

Cohan, W. (2010, Nov. 27). The power of failure. New York Times. Retrieves from www.thenewyorktimes.com.
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Power of Reframing the Structural

Words: 2682 Length: 8 Pages Document Type: Essay Paper #: 34108498

What the Occupy Wall Street movement is doing, is questioning the entire system itself.

A good example of this can be seen with the Occupy Wall Street Oakland chapter. What happened was the city had removed their camp near City Hall Plaza. This is in response to reports of: deaths, drug use and unsanitary conditions. At the same time, the resources of the police department were stressed to the point that they were unable to deal with possible issues affecting the safety of the community. This is when the police raided the encampment and dispersed the protestors from the area. In response to what was happening, the Oakland chapter decided to begin occupying foreclosed homes and privately owned vacant lots near City Hall Plaza. As, they are trying to illustrate how: the risky activities of bankers contributed to the financial crisis by staying in these locations. This is significant, because…… [Read More]

Bibliography

About. (2011). Occupy Wall Street. Retrieved from:  http://occupywallst.org/about/ 

Bailout Statistics. (2009). Capt Karl. Retrieved from: http://captkarl.blogivists.com/2009/01/22/bank-bailout-statistics-the-score-board/

Just 21% Favor GM Bailout Plan. (2009). Rasmussen Reports. Retrieved from:  http://www.rasmussenreports.com/public_content/business/auto_industry/may_2009/just_21_favor_gm_bailout_plan_67_oppose 

Organizational Symbols and Culture. (n.d.).
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Ethics John Locke Favored the

Words: 683 Length: 2 Pages Document Type: Essay Paper #: 98163959

In Marx's view, equality extends in terms of distribution, where there is no private ownership, but where the government manages all goods for the supposed good of all citizens. Hence, equality extends not in terms of power, but in terms of material goods, which is managed by a centralized government. Hence, the bailout plan is ideal, with the government taking possession of the company and allowing its former owners to manage it in a way that is beneficial for its survival and the employees who depend on it for their survival.

I believe that the bailout should have been done. Like many other companies, GM was in financial trouble. Since the government was in a position to provide assistance, it is right that they should have done so. However, I tend to be in agreement with Locke and Smith that the government should not have taken permanent ownership of any…… [Read More]

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Economic Globalization Has the 2008 Financial Meltdown

Words: 2832 Length: 11 Pages Document Type: Essay Paper #: 9572312

Economic Globalization

Has the 2008 financial meltdown in the U.S. And the ongoing economic crisis in Europe have practically ended the era of economic globalization?

Following the financial crisis that marred the U.S. economy along with other global economies as well as the ongoing Eurozone debt crisis, there have been projected concerns that this predicament would end economic globalization. The purpose of this paper is to assess this claim. Going by Immanuel Wallenstein's World Systems Theory, the political economy of Third World economies and developed economies of the West are mutually dependent. Wallenstein's conjecture is that the growth and expansion of Third World economies relies on constant interaction with Western developed economies seeing as the world is characterized by a structural division of labor where the developing nations of the Third World provide cheap labor and raw materials while the developed economies are the holders of capital and controllers of…… [Read More]

References

Ebrahimi, H, 2012, "John Lewis warns Amazon's tax avoidance 'will drive UK companies out of business" The Telegraph

Held, David; The Open University, eds. (2004). A Globalizing World?: Culture, Economics, Politics (2nd ed.). London; New York: Routledge, in association with the Open University. p. 84.

Katz, I & Christie, R (2011) "Geithner Called Housing Giants Biggest 'Moral Hazard'" Bloomberg

Lynch, Katherine (2003). The Forces of Economic Globalization. Kluwer Law International
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Perception and Actuality Are Many

Words: 2445 Length: 7 Pages Document Type: Essay Paper #: 55570506

The world's largest economy has seen much since the financial crisis of 2008 began the role toward the precipice in terms of the all Street corruption. Transparency president Nancy Boswell maintains that it is an "integrity gap "(Graham, 2010).

However, this author will identify a different issue. Indeed, this author's view is very long and will take a historical approach in order to prevent another Great Depression, the Congress under President Franklin Delano Roosevelt separated all Street investment banks and regular depository banks. This took away the potential to make incredible profits from trading mortgage-backed securities whose ratings were artificially high. These encouraged banks to take what otherwise would have been intolerable risks in the form of bad loans that were later termed "toxic debt." Under this regime, people were obtaining home loans too easily (known derisively as "liars loans") and that exacerbated the decline once it started (Krugman).

In…… [Read More]

Works Cited

Gettleman, J. (2010, March 16). Somalia's president assails u.n. report on corruption.

Retrieved from http://www.nytimes.com/2010/03/17/world/africa/17somalia.html.

Graham, D. (2010, October 26). U.s. slips to historic low in global corruption index.

Retrieved from http://www.reuters.com/article/2010/10/26/us-corruption-transparency-idUSTRE69P0X620101026.
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Economic Crisis Policies US Current Economic Crisis

Words: 2366 Length: 8 Pages Document Type: Essay Paper #: 30617442

Economic Crisis Policies

US current economic crisis is considered to be started from real estate sector. The real sector started to decline in 2006 and it accelerated in 2007 and 2008. Housing prices have fallen from the peak from about 25% so far. The decline in prices left homeowners with no option and they were unable to refinance their mortgages and causes default of mortgages. This default of mortgages and loans swallowed the banks and financial markets such as falling of Lehman's brothers and other anks and blow to rest of economy happened as the whole economy was relying on banks and ultimately it slows down investment in the country and capital flows to other parts of the world like China and India. ank losses cause reduction of bank capital which in turn requires capital reduction thus saving bank from lending. It is estimated that every $100 loss and reduction…… [Read More]

Bibliography

ISR international socialist review. (2009, april). Retrieved from The U.S. economic crisis:causes and solutions: http://www.isreview.org/issues/64/feat-moseley.shtml

Journal of accountancy. (2009, october). Retrieved from The U.S. economic crisis: root causes and road to recovery: www.journalofaccountancy.com/Issues/2009/Oct/20091781

Eyes on wall street. (2011, april). Retrieved from Levin coburn investigates casues of financial crisis: http://www.eyesonwallstreet.com/2011/04/articles/financial-crisis/levincoburn-report-investigates-causes-of-the-financial-crisis/

Rude, C. (2009). World Economic Crisis and Fed Reserve Response to it. Studies in Political Economy.
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Corporate Taxation Provisions and Principles Corporate Taxation

Words: 2794 Length: 8 Pages Document Type: Essay Paper #: 31724796

Corporate Taxation Provisions and Principles

Corporate Taxation

Congress' eaction to the Holding in Chamberlin v. Commissioner (1953)

Prior to passage of the IS Tax Code by the 83rd Session of Congress in 1954 the tax status of stock dividends relative to its recipient was debatable, but this did not stop corporate tax planners from devising 'preferred stock bailouts' (Bailine, 2004). Under normal circumstances, when an owner of a company invests earnings and profits in another company through the purchase of common stock, the monies received are treated as a dividend for tax purposes. Dividends were taxed at a much higher rate than capital gains, so to avoid paying the additional tax the preferred stock bailout was conceived. Essentially, a preferred stock bailout uses a third party to exchange preferred stock for cash under more favorable capital gains treatment.

The ambiguous tax status of preferred stock bailouts was rendered unambiguous in…… [Read More]

References

Bailine, Richard W. (2004). Preferred stock bailouts: Could they stage a comeback? Corporate Taxation, 31(1), 25-27.

Chamberlin v. Commissioner of Internal Revenue, 207 F. 2d 462 (6th Cir. 1953).

Forte, Michael C. (1980-1981). Corporate liquidations -- Sections 336 and 337 of the Internal Revenue Code -- Parity between a direct sale of assets and a stock purchase -- Another look at Tennessee-Carolina and R.M. Smith. Western New England Law Review, 3(2), 199-222.

Justia U.S. Law. [n.d.(a)]. 26 C.F.R. Part 1 -- Income Taxes. Title 26 -- Internal Revenue. Section §1.307-1 General, §1.307-2 Exception. Justia.com. Retrieved 10 May 2013 from   http://law.justia.com/cfr/title26/26-4.0.1.1.1.html  .
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Social Factors Relating to CEO Compensation

Words: 2046 Length: 6 Pages Document Type: Essay Paper #: 40615261

CEO Compensation

The author of this report is asked to answer a few questions and create a tool relating to chief executive officer (CEO) compensation. Of course, there are some traditional trends and factors that usually inform and help calculate what the pay for a CEO shall be. However, there are some people that are clearly outliers to this and some of these anomalous amounts and/or their overall disproportionality to the entry-level employees pay have created a fair amount of controversy. While calculating the proper level of pay for a CEO is different in every situation and while every situation is different, there are several specific things that should be the main basis, if not the only basis, for what a CEO is paid and why.

Analysis

The first item to be detailed and described in this report is the traditional factors used to determine CEO compensation. More often than…… [Read More]

References

Babington, C. (2009, March 23). Obama cools rhetoric on AIG bonuses. Obama cools rhetoric on AIG bonuses. Retrieved June 15, 2014, from http://www.azcentral.com/business/articles/2009/03/23/20090323biz-AIG-Obama0323.html

O'Connor, C. (2013, July 30). How Much Would A Big Mac Cost If McDonald's Workers

Were Paid $15 Per Hour? (Updated, Corrected). Forbes. Retrieved June 15,

2014, from   http://www.forbes.com  /sites/clareoconnor/2013/07/30/how-much-would-a-big-mac-cost-if-mcdonalds-workers-were-paid-15-per-hour/
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Sample of Ethical Model

Words: 1097 Length: 3 Pages Document Type: Essay Paper #: 40060378

Business Ethics Decision Making using Kidder' Ethics Check Points

Identification of the relevant facts

Identification of the moral issue 2

Potential for harm

Determination of the moral agents

The "trilemma" options

Test for right-versus-wrong issues

Application of resolution principles

The Decision

eflection of the decision

Identification of the relevant facts

In this case examination, we consider the case of the bailout of General Motors by the U.S. government in 2014. This is based on a report published by news agency euters on April 30, 2014, titled "U.S. government says it lost $11.2 billion on GM bailout." It is revealed in the news report that U.S. government lost $11.2 billion when it bailed out General Motors Co through its selling of the government shares in GM in December the earlier year. More than $50 billion was used to bail out GM from the brink of the company's 2009 bankruptcy ("U.S. government…… [Read More]

References

Liszka, J. (1999). Moral competence. Upper Saddle River, NJ: Prentice Hall.

Shafer-Landau, R. (2007). Ethical theory. Malden, MA: Blackwell Pub.

U.S. government says it lost $11.2 billion on GM bailout. (2016). Reuters. Retrieved 15 May 2016, from http://www.reuters.com/article/us-autos-gm-treasury-idUSBREA3T0MR20140430

West, H. (2006). The Blackwell guide to Mill's Utilitarianism. Malden, MA: Blackwell Pub.
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General Motors to Reimburse Its

Words: 676 Length: 2 Pages Document Type: Essay Paper #: 92082227

While they still mention the financial artifice used by the company to repay the loan with other TAP money, they look at the issue from an accounting standpoint and explain the logics of the move.

Each of the three authors inserts himself in the story line and concludes his work with his own interpretation. Ed Morrissey for instance argues that the massive usage of governmental funds forces GM to increase the transparency of its dealings, which is in fact a positive aspect. Gillespie on the other hand is more sarcastic and, for consumer safety, states his hope that the engineers and technicians are better trained in mathematics than the CEO. The editors at Consumerism Commentary state that the severity of the solution found by General Motors is not that dramatic as argued by others. "It does look bad if a company appears to use TAP funds to pay off a…… [Read More]

References:

Gillespie, N., 2010, Reason tv: how did GM payback its TARP loans so fast? Well, it didn't…Big Government, http://biggovernment.com/ngillespie/2010/05/02/reason-tv-how-did-gm-pay-back-its-tarp-loans-so-fast-well-it-didnt / last accessed on August 13, 2010

Morrissey, E., 2010, How did GM pay off its bailout loans? Hot Air, http://hotair.com/archives/2010/04/23/how-did-gm-pay-off-its-bailout-loans / last accessed on August 13, 2010

2010, GM used bailout funds to repay loan: mostly irrelevant, Consumerist Commentary, http://www.consumerismcommentary.com/gm-used-bailout-funds-repay-loan / last accessed on August 13, 2010
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General Motors Organizational Change Changes

Words: 2545 Length: 8 Pages Document Type: Essay Paper #: 28488246

Still, the future stated goal of GM is to develop an electric or hybrid version in all of its existing brands lines -- Chevrolet, Cadillac, Buick and GMC.

Outcome of changes

GM's most notable success has been overseas, where it is currently ahead of all of its competitors in the rapidly expanding Chinese market. "While GM is outpacing Ford in overseas competition, GM cannot solely depend on China for growth. While the emerging market contributed to GM's global recovery last year with 2.3 million in sales, it may not experience the same momentum this year [2011] because the Chinese government has ended incentives on small cars and rural purchases" (Benedicto 2011). Still, evidence of GM's health is seen in the fact that it recently announced that it will issue profit-sharing checks this month for hourly workers, the largest in a decade (Vlasic & Bunkley 2011:1). Talks with the UAW will…… [Read More]

References

Benedicto, Tanya. (2011, February 26). Should the new GM thank Waggoner? The Wall Street

Journal. Retrieved March 1, 2011 at http://blogs.forbes.com/tanyabenedicto/2011/02/26/should-the-new-gm-thank-wagoner/

Bunkley, Nick. (2011, January 11). GM plans 2 plug-in hybrids. The New York Times.

Retrieved March 1, 2011 at http://www.nytimes.com/2011/01/12/business/12volt.html?ref=generalmotorscorporation
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Ben 'Do the Right Thing '

Words: 1312 Length: 4 Pages Document Type: Essay Paper #: 24715232

Despite the fact that it also required heroic efforts on the part of Congress and the President, Time even gives credit to Bernanke for the $700 billion Troubled Asset elief Program (TAP) (Grunwald 2009, p.4).

Many, if not most of these decisions were profoundly unpopular and cost both the Obama and Bush Administration as well as Congress a great deal of political collateral. The relatively isolated Bernanke did not have to suffer such a risk in the court of public opinion, and even today critics of these policies ask: what of moral hazard? Supporters of the TAP and other aggressive government measures would counter that worshipping at the altar of moral hazard, caused the fall of Lehman Brothers and the freezing up of the microcredit market in the first place. But once the expectation of bailouts are created, one bailout tends to lead to another -- the bailout of Bear…… [Read More]

References

Grunwald, M. (2010, January). Ben Bernanke: Person of the year. Time Magazine.

Retrieved January 3, 2010.

http://www.time.com/time/specials/packages/article/1,28804,1946375_1947251,00.html

Thoma, Mark. (2009, December 21). Is criticism of Bernanke justified? Moneywatch.
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Aspiring Intern Current Pac-10 Consulting Management Ref

Words: 1187 Length: 4 Pages Document Type: Essay Paper #: 60614956

Aspiring Intern

Current PAC-10 Consulting Management

REF.: The AIG Rescue

As the global financial crisis began to unveil, all of the financial institutions with positions on the market that exposed them to the crash began to feel under pressure. AIG was one such company, where a combination of credit swaps and other esoteric financial instruments weakened its position and its capacity to remain competitive on the market in the face of the financial losses such instruments generated. As of the that point, the U.S. Administration, usually in the form of the Federal Reserve or the Treasury Department, intervened with significant bailouts for many of these companies, including AIG, which received $85 billion in exchange for a 79.9% stake in the company

This memo will aim to briefly analyze the pros and cons of the governmental intervention, briefly analyze the future implications of this intervention and determine whether or not this…… [Read More]

Bibliography

1. Luhby, Tami. Fed in AIG rescue - $85B loan. CNN Money. September 2008. On the Internet at    http://money.cnn.com/2008/09/16/news/companies/AIG/index.htm   . Last retrieved on November 26, 2009

2. AIG Bailout. On the Internet at http://www.homebiz.bukiki.com/aig-bailout/. Last retrieved on November 26, 2009

3. Solomon, Deborah. AIG's Rescue Bedevils U.S. The Wall Street Journal. November 2009. On the Internet at http://online.wsj.com/article/SB10001424052748703819904574554241356640428.html?mod=WSJ_hpp_LEFTWhatsNewsCollection. Last retrieved on November 26, 2009

Luhby, Tami. Fed in AIG rescue - $85B loan. CNN Money. September 2008. On the Internet at
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Economic Crisis Was Precipitated by

Words: 1302 Length: 4 Pages Document Type: Essay Paper #: 58761498



The second recommendation I would make with respect to external communications is that Liddy adopt more stringent measures than the government has insisted upon with respect to spending controls. The government has set out some measures, but AIG should be tougher than that. This would demonstrate a sense of culpability on the part of the company for the fact that the situation it is in is of its own making. A major component of the public's offense is that it feels cheated in the deal. Taxpayers, many of whom are feeling the sting of economic hardship themselves, are insulted that they have been called upon to bailout a company that then pays six and seven-figure bonuses to its executives. Most of the people contributing tax dollars to those bonuses will never see money like that in their lives. Liddy has the luxurious advantage of not being directly responsible for the…… [Read More]

Works Cited:

Karnitschnig, Matthew; Solomon, Deborah; Pleven, Liam & Hilsenrath, Jon E. (2008). U.S. To Take over AIG in $85 Billion Bailout. Wall Street Journal. Retrieved April 25, 2009 from http://online.wsj.com/article/SB122156561931242905.html

No author. (2008). Cheque Mate. The Economist. Retrieved April 25, 2009 from http://www.economist.com/finance/displaystory.cfm?story_id=12607251

Tuggle, Elizabeth. (2009). AIG's Bonus Payout Just the Latest Source of Outrage. Fox News. Retrieved April 25, 2009 from http://www.foxbusiness.com/story/markets/industries/government/aig-hearing -- million-bonuses-employees/

Kuykendall, Lavonne & Murti, Bhattiprolu. (2009). AIG Gets Aid, Minus Bonus Pay. Wall Street Journal. Retrieved April 25, 2009 from http://online.wsj.com/article/SB124022481818534555.html
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History of the Euro Can Be Traced

Words: 1678 Length: 5 Pages Document Type: Essay Paper #: 88879410

History of the euro can be traced back as far as World War II when European leaders agreed that economic ties could promote growth in Europe (Martel). As a result of the Bretton Woods (New Hampshire, USA) agreement of 1944, the International Monetary Fund (IMF) opened for business in 1947 and a fixed rate of exchange was set between the U.S. dollar and other world currencies, based on the gold standard ("Euro Timeline"). Between 1951-1952 on the initiative of obert Schuman and Jean Monnet of France, the European Coal and Steel Community (ECSC) was founded by six countries: Belgium, France, Italy, Luxemburg, the Netherlands and West Germany ("Euro Timeline"). The ECSC would become the basis for the future "Common Market" (EEC, EC) and European Union (EU) ("Euro Timeline"). On March 25, 1957 the same six countries signed the Treaty of ome, thereby creating the European Economic Community (EEC) and the…… [Read More]

References

"A Short History of the Euro." Guradian.uk.com. Guadian News and Media Limited. 9 June 2003. Web. 15 Dec. 2010.

Boskin, Michael. "Pros and Cons of the Euro at 10." The Japan Times Online. The Japan Times Limited. 1 February 2009. Web. 15 December 2010.

"Euro Timeline." The German Way & More. Hyde Flippo. n.d. Web. 15 Dec. 2010.

Evans, Stephen. "Eurocrisis: Germans Yearn for their Lost Deutschmark." BBC News. 7 December 2010. Web. 15 Dec. 2010.
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Housing Crisis in the Mid-2000s

Words: 1503 Length: 5 Pages Document Type: Essay Paper #: 78836353

Using a timeline from the peak of new housing construction to the present day, the following occurred. GDP growth slowed, followed by a three-quarter recession and slow growth has resumed on the other side of that recession. The unemployment rate skyrocketed, more than doubling in a short period of time, and has lingered at high levels for over a year. The rate of inflation fell well below the Fed's target rate, this despite aggressive expansionary monetary policy. The federal government, whose budget had previously oscillated between monthly surpluses and deficits, has been in deficit every single month -- and deeper deficits than every before -- as it has taken several fiscal policy measures to contain the economic damage. This evidence makes the clear case that steps should be taken to avoid a repeat of this housing crisis in the future, since the economic impacts are uniformly negative and in many…… [Read More]

Works Cited:

US Census Bureau: New housing starts. Retrieved March 8, 2011 from   http://www.census.gov/const/startssa.pdf  

Bureau of Economic Analysis: Gross Domestic Product. Retrieved March 8, 2011 from   http://www.bea.gov/national/index.htm#gdp  

Bureau of Labor Statistics: Unemployment. Retrieved March 8, 2011 from http://data.bls.gov/pdq/SurveyOutputServlet-data_tool=latest_numbers&series_id=LNS14

Bureau of Labor Statistics: Consumer Price Index -- all Urban Consumers (all items less food and energy). Retrieved March 8, 2011 from   http://data.bls.gov/cgi-bin/surveymost
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Managerial Oversight of the U S

Words: 1837 Length: 6 Pages Document Type: Essay Paper #: 97785979

" (Moseley,
1)
From a project management standpoint, delegating these funds is a
significant concern. The recent history of government financial
mismanagement, has caused the public some rightful wariness as these
massive bailout plans come to fruition. The Obama Administration must
devise a strategy which ensures that these bailout funds are designed to
protect American homes, stimulate job creation and help to improve the
infrastructural stability of the nation. The administration has the
unenviable task of prioritizing the countless areas of civil life in which
the U.S. is currently struggling with debt and the erosion of resource.
This requires a management approach that is informed by crisis planning and
intervention theories.
Another way to successfully plan the delegation of funds and resources
as yielded by the bailout is through information systems management.
Modern IT Systems such as the Enterprise Resource Planning (ERP) system
allow users to enter in a complex…… [Read More]

Works Cited:

Barton, P. (2001). Enterprise resource planning: Factors affecting
success and failure. University of Missouri - St. Louis. Online at
http://www.umsl.edu/~sauter/analysis/488f01papers/barton.htm#Introduction.

Brewer, P. (2009). Root Causes of the Financial Crisis. WiseBread.
Online at http://www.wisebread.com/root-cause-of-the-financial-crisis
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New World of Financial Risk

Words: 1151 Length: 4 Pages Document Type: Essay Paper #: 86106502



Second and third supporting opinions center on the improvement of the financial system. The current Administration will be able to develop better systems to manage risk across the financial system. In this will be the development of better ways to identify risk. This will lead to a more robust and more transparent system, when it all comes together (Johnson & Kwak, 2009). A complementary component of the healthier system is increased disclosure.

Johnson and Kwak (2009) use this anticipated increased disclosure as their third supporting opinion. They theorize that increased disclosure requirements will be developed for off-balance sheet exposures, including items like structured investment vehicles. Hedge funds will require some measure of disclosure as well. Each of these should help revitalize the financial system and prevent similar problems from occurring in the future.

Three Opposing Opinions/easons:

The three opposing opinions to Johnson and Kwak's (2009) theory that the United States…… [Read More]

References

Johnson, S. & Kwak, J. (Jan-Feb 2009). The new world of financial risk. Financial Executive, 36(6). Retrieved June 5, 2009, from Academic OneFile.
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Ford Motor Company Built Its

Words: 1623 Length: 6 Pages Document Type: Essay Paper #: 17870438

There is little indication in Ford's financial statements that things are going to improve any time soon. The company actually hailed the 14.2% market share in North America as "the lowest market share decline in the past ten years" (Ford Motor Company, 2009).

Ford's financial position is nothing short of awful. The company's condition has deteriorated steadily over the past five years, and its performance relative to industry peers is generally poor.

Appendix a

Ford Motor Company

Financial Ratios

2008

2007

2006

2005

2004

Industry

Analysis

Liquidity Ratios

Current Ratio

1.67

1.7

1.51

1.8

1.75

1.1

Good

Quick Ratio

1.56

1.59

1.41

1.68

1.63

0.8

Good

Efficiency Ratios

Inventory Turn

15.87

15.16

15.73

14.93

13.42

7.6

Good

Receivables Turn

1.47

1.47

1.4

1.54

1.49

8.1

Poor

Avg Collection Period

Fixed Asset Turn

5.12

4.76

4.43

4.34

3.97

Total Asset Turn

0.67

0.62

0.57

0.66

0.58

0.8

Bad

Leverage Ratios

Total…… [Read More]

Works Cited:

MSN Moneycentral. (2009). Accessed April 8, 2009 from http://moneycentral.msn.com/detail/stock_quote?Symbol=f&getquote=Get+Quote

No author. (2009). Henry Ford's $5-a-Day Revolution. Ford Motor Company. Retrieved April 8, 2009 from  http://www.ford.com/ about-ford/heritage/milestones/5dollaraday/677-5-dollar-a-day

No author. (2009). Ford Executive: Automaker doesn't need Bailout. NPR. Retrieved April 8, 2009 from http://www.npr.org/templates/story/story.php?storyId=102665356

No author. (2009). New Fiesta Boosts Ford of Europe Market Share. Ford Motor Company. Retrieved April 8, 2009 from http://media.ford.com/news/fordofeuropefebruary2009salesrelease.htm
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Accounting Function for a Chosen

Words: 6160 Length: 23 Pages Document Type: Essay Paper #: 22760906

"Management believes that the accounting estimates employed are appropriate and the resulting balances are reasonable; however, due to the inherent uncertainties in making estimates actual results could differ from the original estimates, requiring adjustments to these balances in future periods."

ased on the data retrieved and the projections made, the accounting division will proceed to the development of the consolidated statements for all of GM subsidies and the overall group. There are 24 consolidated statements, as follows: Discounted Operations; Asset Impairment; Investment in Nonconsolidated Affiliates; Marketable Securities; Variable Interest Entities; Finance Receivables and Securitization; Inventories; Equipment on Operating Leases; Income Taxes; Property - Net; Goodwill and Intangible Assets; Other Assets; Accrued Expenses, Other Liabilities and Deferred Income Taxes; Long-Term Debt and Loans Payable; Pensions and Other Postretirement enefits; Commitments and Contingent Matters, Stockholders' Equity; Earnings per Share Attributable to Common Stocks; Derivative Financial Instruments and Risk Management; Fair Value of…… [Read More]

Bibliography

1. 2007 General Motors Annual Report. Page 9. On the Internet at http://www.gm.com/corporate/investor_information/docs/fin_data/gm07ar/download/gm07ar_full.pdf.Last retrieved on February 15, 2009

2. General Motors Mission Statement, 2009, on the internet at http://www.samples-help.org.uk/mission-statements/general-motors-mission-statement.html. Ast retrieved on February 16, 2009

3. Supplier Diversity, Website of General Motors, 2009, on the internet at http://www.gm.com/corporate/dealers/diversity/index.jsplast retrieved on February 16, 2009

4. Management's Discussion and Analysis, Website of General Motors, 2009, on the internet at http://www.gm.com/corporate/investor_information/docs/fin_data/gm07ar/content/financials/mda/mda_10.htmllast retrieved on February 16, 2009
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Spain as of Late 2010 Rumors in

Words: 4168 Length: 15 Pages Document Type: Essay Paper #: 49454658

Spain

As of late 2010, rumors in the financial community persist that Spain is going to be the next Eurozone nation to suffer an economic crisis. Spain's high unemployment rate, coupled with a lack of economic recovery and being unable to adjust interest rates due to its participation in the euro, has resulted in a rapid appreciation of interest rates in Spanish sovereign debt in recent weeks amid speculation in the bond markets that Spain will be unable to meet its obligations (Krugman, 2010; Krause, 2010). The Spanish economy, it would seem, has been suffering in recent years and that suffering is not expected to end any time soon.

For a company looking to do business in Spain, the current situation is certainly cause for alarm. The economic fundamentals of the country look troubling, and there are significant structural reasons why Spain will not be a good place in which…… [Read More]

Works Cited:

CIA World Factbook: Spain. (2010). Central Intelligence Agency. Retrieved December 1, 2010 from  https://www.cia.gov/library/publications/the-world-factbook/geos/sp.html 

Dimireva, I. (2009). Spain investment climate 2009. EU Business. Retrieved December 1, 2010 from  http://www.eubusiness.com/europe/spain/invest 

Dowsett, S. (2010). Spain austerity plan scrapes through parliament. Reuters. Retrieved December 1, 2010 from http://www.reuters.com/article/idUSTRE64Q54T20100527

Dowsett, D. (2010, 2). Key party attacks draft Spanish labor reform. Reuters. Retrieved December 1, 2010 from http://www.reuters.com/article/idUSTRE65B0ZT20100613
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Current Crisis Impacted Financial Market Real Economy Everyday Lives

Words: 3675 Length: 14 Pages Document Type: Essay Paper #: 33873594

ecession

Effect of the recession on upon financial market, the real economy and over everyday lives

ecession is defined as the economic slowdown or decline characterized by slowing down of trade, a magnitude decline in the GDP, and a decrease in employment usually lasting between 6 months to a year. This was the situation in the U.S.A. The hardest times being from 2008 through 2009 and the early months of 2010. America is still recovering from the effects of the recession that the country experienced from 2007 to 2009.

The slow down in economy triggered a massive job loss and unemployment rates that shot through the roof, the prices went up and a great deal of uncertainty rippled through the country. This situation has now seen a reverse trend albeit at a slower rate than was expected by many. The unemployment rate in November 2011 fell by 0.4% to 8.6%…… [Read More]

References

Amitabh Shukia, (2009). Top 5 major Economic Effects of Recession on Economy.

Retrieved May 13, 2012 from  http://www.paggu.com/business/world-economy/top-5-major-economic-effects-of-recession-on-economy/ 

Browder, Laura, (1998). Rousing the Nation: Radical Culture in Depression America.

Amherst, MA: University of Massachusetts Press.
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Business US Has Faced Acute Economic Crisis

Words: 946 Length: 2 Pages Document Type: Essay Paper #: 69131532

usiness

US has faced acute economic crisis since 2008. Present economic crisis started from the downfall of housing sector which lead to the financial crisis such as bankruptcy of Lehman rothers (at that time fourth largest investment bank in the U.S.A.) and bankruptcy of largest insurance in world, the AIG (which were later saved by introducing bailout packages by U.S. government) which further collapsed production and unemployment plummeted. It is usually termed that it is the worst economic crisis since the Great Depression. (Moseley, 2009)

Even though Fed Reserve claims, the crisis has averted to some extent but the problems of unemployment, recession and inflation still prevails in U.S. economy.

According to U.S. ureau of Labor Statistics, the unemployment rate staggers to an amount of 8.3% in February 2012. Similarly, U.S. ureau of Labor Statistics also shows that consumer price index is on upward swing in 2012. Recent wave of…… [Read More]

Bibliography

Council on Foreign Relations . (2011, July 25). IMF Report on U.S. Fiscal Policy. Retrieved from Council on Foreign Relations: http://www.cfr.org/financial-crises/imf-report-us-fiscal-policy-july-2011/p25537

Economic Crisis. (2012, March 27). Bernanke says U.S. job market weak despite gains. Retrieved April 2, 2012, from EconomicCrisis.U.S.: http://economiccrisis.us/2012/03/bernanke-job-market-weak-gains/

Moseley, F. (2009, April). The U.S. economic crisis: Causes and Solutions. Retrieved from ISR: http://www.isreview.org/issues/64/feat-moseley.shtml

News Sources. (2011, October 13). Roubini: Occupy Wall Street is a symptom of the economic malaise facing the world. Retrieved from War in Context:  http://warincontext.org/2011/10/13/roubini-occupy-wall-street-is-a-symptom-of-the-economic-malaise-facing-the-world/
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Economic Crisis 2008-2009 This Report Focuses on

Words: 2420 Length: 8 Pages Document Type: Essay Paper #: 71357659

Economic Crisis 2008-2009

This report focuses on the events that took place in the Great crash of 2008-2009. It aims to highlight the events that took place and what the basic factors and events were that eventually led to the economy crashing. It is also a point of focus to determine what effects came about and how different parties were to be blamed for the deregulation that led to the catastrophic events of the crash. It is linked with the policies present at that time i.e. The Monetary Policies outlining the control of money supply and interest rates as well as the Fiscal Policy that focus on the government spending and taxation policies.

The financial crisis refers to a situation whereby there is a contraction of money supply and the amount of wealth in the economy. This is also known as a "credit crunch" whereby participants of the economy lose…… [Read More]

References:

Minkiw, Mc Gregory. (2009). The Financial Crisis and the Economic Downturn of 2008 and

2009. Macro Economics (7th Edition).

Ryan (2008). The 2008-2009 Financial Crisis-Causes and Effects. Cash, Money, Life.

 http://cashmoneylife.com/economic-financial-crisis-2008-causes/
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Secret the Power by Rhonda Byrne

Words: 3202 Length: 10 Pages Document Type: Essay Paper #: 47330734

Secret; The Power

honda Byrne's The Secret: The Power (2010) is truly an incredibly bad book, simplistic, repetitive and divorced from real history, politics or economics, yet it has sold 19 million copies. A cynic might say that the real secret to wealth is writing a bestselling book that millions will buy. Her 2006 book The Secret sold more over 19 million copies and was translated into 46 languages, and she was also a guest on the Oprah Winfrey Show and many others on the daytime TV chat circuit. Like all self-help writers, she has a talent for publishing the same advice repeatedly in new books that claim to offer even greater insights than past philosophers and religious teachers and in 2007 Byrne wrote The Secret Gratitude Book, followed a year later by The Secret: Daily Teachings. Her latest offering is about 250 pages long and quickly appeared on the…… [Read More]

REFERENCES

Byrne, R. (2010). The Secret: The Power. NY: Simon & Schuster.
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The Federal Reserve and Government Oversight

Words: 1273 Length: 4 Pages Document Type: Essay Paper #: 16346273

special interest groups have too much power in politics today? Why or why not? Do you think we should allow these interest groups to continue to function as they currently do? Why or why not? What do you think would happen to our nation if we did not allow interest groups to continue to operate?

I do feel that special interest groups have too much power in politics today and I feel that this is a big part of the appeal for "outsiders" like Sanders and Trump in the race today. Special interest groups like AIPAC for example can make or break political careers, which is why when Netanyahu visits Congress to speak, nearly every member bows and bends at the knee: AIPAC is a big donor to campaigns. Likewise, Wall Street interest groups and corporate interest groups are also big donors to campaigns and Establishment politicians like Hillary benefit…… [Read More]

References

Durden, T. (2016). One Reader Tried To Get The Recording Of Yellen's "World-Saving

Phone Call"; This Is What The Fed Replied. ZeroHedge. Retrieved from http://www.zerohedge.com/news/2016-04-15/one-reader-tried-get-recording-yellens-world-saving-phone-call-what-fed-replied

Federal Reserve. (2015). Oversight of the Federal Reserve System. Retrieved from https://www.federalreserve.gov/monetarypolicy/bst_oversight.htm

Greensteing, T. (2011). The Fed's $16 Trillion Bailouts Under-Reported. Forbes.
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Euro Monetary Union the Admission

Words: 2701 Length: 9 Pages Document Type: Essay Paper #: 6287832

The eurozone package is politically more complicated. it's designed to show that 16 nations sharing the euro currency will stand united behind the debts of member nations to stave off a potential crisis of confidence that could damage them all." (Trumbull, 1)

This complexity is underscored by the inherently questionable imperatives of the European Monetary Union. Indeed, one of the core challenges of free trade, globalization and the establishment of intra-continental unions is the inherent difficulty in facing up the inherent incongruity of the aligning markets. The European Union has served as a prime example of this, matching a widely varied set of nations in a single economic pact. The result is that in many contexts, visible distinctions remain even as economic policy is set with the collective in consideration. These distinctions are not necessarily irreconcilable, but under the current structure of the European Monetary Union, they most certainly are.…… [Read More]

Works Cited:

Baetz, J. (2010). Merkel: $1 Trillion Rescue Package Only Buys Time. Atlanta Journal -- Constitution. Online at http://www.ajc.com/business/merkel-1-trillion-rescue-528257.html

Bilefsky, D. (2010). Greece's Stumble Follows a Headlong Rush Into the Euro. The New York Times.

Brouwer, K. (2010). Is it the Euro or the Yugo? MarketWatch.

Greek Embassy. (2007). Greece in the E.U. Embassy of Greece; Washington, D.C.
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Leadership Issues at Ford Motors

Words: 612 Length: 2 Pages Document Type: Essay Paper #: 27216980

One of the main reasons for his success has been the fact that Mulally was not intimidated by the necessary decision to divest large assets despite possible concerns that doing so demonstrated weakness of fear on the part of the organization. Mulally recognized that the current challenges facing the organization required consolidation and solidarity of Ford brand names instead of diversity (Hochleutner, 2011), which conflicts with traditional business management theory in many situations (Hill & McShane, 2007). The strategic vision that Mulally demonstrated in that respect is a fundamental component of effective organizational leadership (Hill & McShane, 2007).

Under Mulally's leadership, Ford has also embraced technological innovation (Hochleutner, 2011) and in the broadest sense that extends beyond merely innovation of its product line. In that regard, Mulally recognized the importance of the newest forms of social media, especially with the youngest segment of its market. Instead of relying on traditional…… [Read More]

References

Hill, C.W.L. And McShane, S.L. (2007). Principles of Management. New York:

McGraw-Hill/Irwin.

Hochleutner, M. "Ford CEO, Alan Mulally, on remarkable turnaround: It took leadership, courage, and service to something great." (February 9, 2011). Retrieved March 4,

2011 from the Stanford University Center for Leadership Development and Research (CDLR), from:
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Economic Crisis the Origin and

Words: 1601 Length: 5 Pages Document Type: Essay Paper #: 75203303

As Taibbi shows, it is not easy: "I'm going to say something radical about the Tea Partiers. They're not all crazy. They're not even always wrong. hat they are, and they don't realize it, is an anachronism. They're fighting a 1960s battle in a world run by twenty-first-century crooks" (Griftopia 16-17). Taibbi makes clear that the Tea Party is not even homogenous: it is made up of a broad spectrum of individuals (some of whom do not even want to be called Tea Partiers) who are angry and looking for someway to focus their anger.

In conclusion, recouping the losses is not an easy thing to do. hen a company like Lehman Brothers can be allowed to collapse while their competition (Goldman Sachs) can be bailed out by tax payer dollars, citizens are going to start wondering how their country got to such a point in the first place. Taibbi…… [Read More]

Works Cited

AP/HuffPost. Charles Ferguson's Oscar Speech Rips Wall Street: 'Inside Job' Director

Levels Criticism During Acceptance. HuffPost Business. Web. 8 Apr 2011.

Campbell, Andrea Louise. "Is the Economic Crisis Driving Wedges Between Young and Old? Rich and Poor?" Generations 33.3, Fall 2009: 47-53. Print.

Espo, David. "Deadline nears: Shutdown looms without agreement." Yahoo! News, 8
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General Motors' Decision to Withdraw

Words: 3033 Length: 10 Pages Document Type: Essay Paper #: 11000050

Three of the most important ones are succinctly revealed below:

(a) The declining demand for the company's vehicles -- this issue led to the necessity for more financial resources, which eventually materialized in the acceptance of aid under TAP

(b) The growing competition placed by international manufacturers -- this situation raised an impending necessity to reorganize the company in a means that it better addresses the needs and wants of customers

(c) The fact that the consumers were turning to foreign cars translated in the inability of GM to understand and serve the needs of its customer base

5. Strategic Options

As the gravity of the situation was intensifying, the managerial team at General Motors found itself in a position in which they had to identify several strategic courses of action, and select the most adequate one. Some of their alternatives would have included slashing down the car prices, implementing…… [Read More]

References:

Gutierrez, C., December 20, 2008, GM and Chrysler Covered by TARP, Forbes,   http://www.forbes.com  /2008/12/20/auto-bailout-update-markets-equity-cx_cg_1219markets29.html last accessed on January 11, 2010

Haglund, R., 2009, Analyst Says TARP Funding Hurting General Motors, MLiv e,  http://blog.mlive.com/autoblog/2009/03/analyst_says_tarp_funding_hurt.html  last accessed on January 11, 2010

Krebs, M., 2009, Good-Bye Pontiac, Saturn, Saab, Hummer, Auto Observer, http://www.autoobserver.com/2009/04/good-bye-pontiac-saturn-saab-hummer.html last accessed on January 11, 2010

Schafer, D., Reed, J., 2009, GM Still Confident of Opel-Magna Deal, FT, http://www.ft.com/cms/s/0/f2a69666-bcd1-11de-a7ec-00144feab49a.html last accessed on January 11, 2010
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Policy Recommendations for Wall Street

Words: 795 Length: 3 Pages Document Type: Essay Paper #: 79950970



Improving consumer protection is a less vital factor in the reform package. It focuses on ancillary issues such as predatory lending and credit card interest. Improving protections may help to reduce the incidence of consumer bankruptcy, but has two negative consequences. The first is that the illusion of protection can encourage increased risk-taking behavior among consumers. The second is that increasing consumer protection fails to address the underlying issue, which is the atrocious level of financial literacy among the general population. These reforms, therefore, may not be effective.

The fourth set of reforms addresses the ability of government to respond to the crisis. The Federal Reserve's involvement in stabilizing the financial industry may have been needed at the time, but is inappropriate in the context of the Fed's tradition role. Furthermore, the FDIC has been forced into desperate action as its reserves have run low in the face of 100+…… [Read More]

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Financial Crisis and Its Impacts

Words: 3393 Length: 10 Pages Document Type: Essay Paper #: 544891



The second purpose of the $700 purchase of troubled assets is to create a market for the securitized versions of these assets. As a result of the crisis, the market for these assets became illiquid. The value of securitized debt obligations became near zero, which severely impacted the balance sheet of all banks that held these assets. By creating a secondary market for these products, the government hopes to increase their value. This will improve the balance sheets of the banks.

The second key clause in TARP is that banks selling troubled assets to the government are required to give the government warrants. This, in theory, protects the government from losses. The theory is that the banks will see an increase in value as a result of the government's efforts, allowing the government to profit from the warrants.

Ancillary to TARP was the FDIC's excusing of troubled assets in its…… [Read More]

Works Cited:

Dash, E. & Sorkin, a. (2008). Government seizes WaMu and sells some assets. New York Times. Retrieved November 3, 2009 from http://www.nytimes.com/2008/09/26/business/26wamu.html

Smith, a. & Yandle, B. (2009). Too big to fail, read, count or stop. Cato Institute. Retrieved November 3, 2009 from http://www.cato.org/pubs/regulation/regv32n2/v32n2-11.pdf

McIntire, M. (2009). Bailout is a windfall to banks, if not to borrowers. New York Times. Retrieved November 3, 2009 from http://www.nytimes.com/2009/01/18/business/18bank.html?_r=2&pagewanted=1

White, L. (2009). Federal Reserve policy and the housing bubble. Cato Journal. Retrieved November 3, 2009 from http://www.cato.org/pubs/journal/cj29n1/cj29n1-9.pdf