Bailout,US: News Real Time News items

• Toxic assets mean financial system still "really vulnerable" -- COPPosted:11/08/2009 13:10 GMT by NeedToKnowNews
  Elizabeth Warren, chair of the Congresssional Oversight Panel governing the Troubled Asset Relief Program (TARP), was speaking to CNBC.
  
• US plans to urge GM to file for bankruptcy on Monday --WSJEPosted:11/07/2009 11:16 GMT by NeedToKnowNews
  Read story here:http://online.wsj.com/article/SB124352012143262677.html
  
• GM, Chrysler to receive more government aid --Detroit NewsPosted:09/07/2009 16:16 GMT by NeedToKnowNews
  GM wil receive an additional $5bln, while Chrysler will get another $500mln, Detroit News reported. Read full story here: http://www.detnews.com/article/20090417/AUTO01/904170381/GM++Chrysler+in+line+for+more+federal+aid
• US wants private investors to invest in bailout - reportPosted:15/07/2009 0:40 GMT by NeedToKnowNews
  The Washington Post reporst that the US government wants wealthy private sector investors to put money into its bailout packages. The plan could involve the governmetn lending up to $1trln to these investors, the paper said. Full story here: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/05/AR2009030503762.html?hpid=topnews
• Washington mulls toxic assets purchases --WSJEPosted:15/07/2009 1:45 GMT by NeedToKnowNews
  The Obama administration considers setting up several investment funds to take on toxic assets of banks troubled by the financial crisis as part of its bank bailout plan, the Wall Street Journal Europe reports. Under the plan, the government wants to team up with the private sector to buy between $500bln and $1trln in bad assets. There is no decision yet on the nature of the private-public partnership, but one possibility would be the creation of several funds to be run by private investement managers. The government would provide the money for the funds whereas the private investment managers would decide which assets to purchase and at which price. WSJE http://online.wsj.com/article/SB123603913648314649.html#mod=testMod
• Washington to break up AIG --FTPosted:10/07/2009 9:44 GMT by NeedToKnowNews
  Read here: http://www.ft.com/cms/s/d6ef2b7a-03a6-11de-b405-000077b07658.html
• US Could Spend Further $2trln on New Bank Bailout - WSJPosted:12/07/2009 6:05 GMT by NeedToKnowNews
  The Wall Street Journal reports that the US government is considering spending a further $1trln-$2trln on bailing out the country's banks. The newspaper cited people familiar with the matter. Yesterday the House passed an $819bln economic stimulus plan -- one of the biggest single stimulus plans in history.