$138bn bail out agreed for Bank of America
The struggling Bank of America today was guaranteed funds to help then through the financial crisis. The Government had to step in today to help the Bank of America as they have seen losses that has never been recorded before. US government have put plans in to place today to allow up to $20 billion [...]
Alistair Darling would need £60bn to bail out Britain
Last month Alistair Darling chancellor of the exchequer, announced a massive bail out package the largest in Europe, to save the UK’s struggling economy. Experts say today that the money that has been injected to the economy a cool £20 billion in fact, would have to be three times this amount if you want [...]
Jaguar £1bn tax bail out
Last month there was speculation that Auto company Jaguar were in secret talks with the Government for a desperate plea for a cash injection to keep the company going through the tough economical times. These speculations were known to be fact today as car giant Jaguar has come in to ask for a figure which [...]
$14 Billion US bail out rejected
Last week top car companies MG and Chrysler went out to seek government help as the two giant car companies were facing bankruptcy with such a massive loss in sales. it’s said that MG alone were spending up to $2 billion a month, with out making enough to pay back what they were spending. The [...]
