https://freerepublic.com/tag/tlgp/ en-us Mon, 29 Jun 2009 05:26:13 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/2281504/posts General Electric, the world's largest industrial company, has quietly become the biggest beneficiary of one of the government's key rescue programs for banks. At the same time, GE has avoided many of the restrictions facing other financial giants getting help from the government. The company did not initially qualify for the program, under which the government sought to unfreeze credit markets by guaranteeing debt sold by banking firms. But regulators soon loosened the eligibility requirements, in part because of behind-the-scenes appeals from GE. As a result, GE has joined major banks collectively saving billions of dollars by raising money for... Washington Post https://freerepublic.com/focus/f-news/2281504/posts#comment Mon, 29 Jun 2009 05:26:13 GMT https://freerepublic.com/focus/f-news/2241306/posts As strong lenders move to shrug off taxpayer assistance, what happens to the financial firms that are left relying on government help?So far, the Treasury has tried to avoid actions that would clearly label institutions as either weak or strong.For instance, in the first round of Troubled Asset Relief Program investments, J.P. Morgan Chase got the same size preferred-equity injection as Citigroup, which was clearly ailing at the time.And earlier this month, Treasury Secretary Timothy Geithner said it might be better for the economy and the financial system if some banks didn't pay their TARP investments back before others. But... Wall Street Journal https://freerepublic.com/focus/f-news/2241306/posts#comment Thu, 30 Apr 2009 15:51:41 GMT