46 votes
Accepted

Did Germany profit from the (third) Greek bailout?

No. As long as the original credit of 330 billion euros is not paid back, you can hardly argue that the interest should be considered as a profit. In fact, the starting time for interest payback has ...
Cliff's user avatar
  • 734
34 votes
Accepted

What does it mean when something is said to be "owned by taxpayers"?

I'm afraid that in all the cases I know of, that is a figurative rather than literal statement. Specifically, in the case of RBS, it is "owned" by NatWest group (as subsidiary company) which ...
origimbo's user avatar
  • 21.1k
24 votes

Will you have to prove US citizenship to receive the COVID-19 bailout money?

No. The benefit is issued as a tax credit by amending the Internal Revenue Code of 1986. It applies to all US taxpayers subject to the definition of "Eligible Individual" in the CARES Act, which is ...
CDJB's user avatar
  • 107k
16 votes

What does it mean when something is said to be "owned by taxpayers"?

"Owned by the Taxpayer" is figurative statement based on the idea that anything the government has control of is the property of tax payers as a whole. It's based on the same logical ...
Jontia's user avatar
  • 24.2k
9 votes

Why did the U.S. bail out the banks instead of the people owing the mortgage payments to the banks?

(TLDR: because the Fed's intervention wasn't about fixing up the problems for who owes on the mortgage payments, but rather about avoiding a larger-scale systemic collapse of the banking system). The ...
Italian Philosophers 4 Monica's user avatar
8 votes

What does it mean when something is said to be "owned by taxpayers"?

If the 62% share of RBS makes a profit for the government, this ought to mean the government doesn't have to raise as much in taxes, which means taxpayers can pay less (in proportion to the amount ...
user3153372's user avatar
  • 1,960
7 votes

Did Germany profit from the (third) Greek bailout?

No and yes. The thing is that "Germany" can either be the sum of all companies and entities in Germany OR the German Government. The latter lost money. The first actually made some by Greece being ...
Hobbamok's user avatar
  • 892
7 votes

Why are US airlines being bailed out using loans instead of equity injections?

While I can't give a definitive answer (not being able to read the minds of US legislators), I can suggest several factors that are at work. First, there's a difference between "adequate rainy-day ...
jamesqf's user avatar
  • 12.5k
7 votes

Will you have to prove US citizenship to receive the COVID-19 bailout money?

I just want to clarify from CDJB's otherwise correct answer that the "earn less than $99k" part is not the limitation on earned income. that part is: (d) Limitation Based On Adjusted Gross Income.—...
Hatman's user avatar
  • 304
6 votes

Did Germany profit from the (third) Greek bailout?

YES With the following caveat: No one word answer will satisfactorily answer this question. It is further almost quite unlikely to get an accurate picture from German sources about this. The whole ...
LаngLаngС's user avatar
  • 5,012
6 votes

Could the president push a bailout for industries affected by a disaster without congressional support?

Only Congress can increase or decrease the government's budget. This is enshrined in the US constitution Article I, section 9, clause 7: No Money shall be drawn from the Treasury, but in ...
Philipp's user avatar
  • 76.7k
5 votes

Has a government ever bailed out a supermarket?

While I am not aware of a supermarket bailout in Europe or North America, the Uchumi supermarket chain in Kenya apparently received bailout loans in 2017 It is possible consider why supermarkets ...
James K's user avatar
  • 120k
5 votes
Accepted

Did the government of Greece approve 'haircuts' on citizen's deposits to reduce the damage of the 2008 financial crisis?

The Greek government has not conducted 'haircuts' like those described by Antonopoulous, and certainly not to the extent he suggests, with deposits worth over €50,000 being charged a 20% fee. The ...
CDJB's user avatar
  • 107k
3 votes
Accepted

Will you have to prove US citizenship to receive the COVID-19 bailout money?

No, you do not have to prove your citizenship, because the payment is not only for US citizens. It is for all US citizens or "resident aliens" for tax purposes, who have a Social Security Number, make ...
user102008's user avatar
  • 2,622
3 votes

Why did the U.S. bail out the banks instead of the people owing the mortgage payments to the banks?

Because if the banks collapsed, then thousands of other viable businesses would have gone down with them One of the key functions of a bank is to lend money to businesses to allow them to invest in ...
Joe C's user avatar
  • 27.9k
2 votes
Accepted

Why did the U.S. bail out the banks instead of the people owing the mortgage payments to the banks?

"Bailing out" sounds like the US Government simply gave free money to the banks (or more broadly financial institutions including Fannie and Freddie). In fact, "bailing out" ...
user103496's user avatar
  • 5,545
2 votes

Could the president push a bailout for industries affected by a disaster without congressional support?

There are existing statutes that give various bodies in the Executive Branch the authority to loan money without a Congressional appropriation or further act of law. For example, the Federal Reserve, ...
ohwilleke's user avatar
  • 80k
2 votes

Did the government of Greece approve 'haircuts' on citizen's deposits to reduce the damage of the 2008 financial crisis?

Greece did force some foreigners and locals to take "hair cuts" on some of their bond investments, but this was done in a more complicated fashion than described by Antonopoulos, namely: to ...
the gods from engineering's user avatar
1 vote

Could the president push a bailout for industries affected by a disaster without congressional support?

Nope. He could perhaps redirect already allocated moneys, within the limits of the laws allocating them by congress, but any significant bailout will require congressional approval of new funding.
Don Hosek's user avatar
  • 4,530

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