bail out

His sleeves were rolled over his fat forearms, and the two flaps of his unbuttoned vest dangled as he bent to bail out the boat.

Roughly how hefty would a Fat tax have to be to pay the cost of the bank bail-out within, say, a decade?

Yet Iceland is special in another way: it did not issue a blanket bail-out to its banks, but rather let bits of them go bust.

Richard Shelby, the top Republican on the Senate banking committee, said the bail-out in its original form was unacceptable.

In July leaders agreed to let the main bail-out fund, known as the EFSF, recapitalise banks and buy bonds.

Therefore there will soon need to be a public debt restructuring, regardless of the details of any temporary bail-out package.

The panic led to the need to bail out the American International Group, for instance, which had C. D. S. contracts with many large banks.

Having been French finance minister since the sovereign crisis began, her fingerprints are all over the European end of the Greek bail-out.

But the price of any EU bail-out of Greece is likely to be savage austerity measures, overseen by officials sent in from Brussels.

Last night, Gordon Brown said he was backing the bail-out after talks with Bush at the White House.

Dexia was one of the first European banks to seek a bail-out in 2008, but it has struggled ever since.

Apr. : Olli Rehn says there is no possibility of a Greek default and no doubt that Germany will participate in the bail out plan.

He did not try to gloss over criticisms of his healthcare reforms and heavy spending on the banking bail-out.

As I said, the important thing is to bail out the system, not the people who got us into this mess.

In fact, an unconditional ECB bail-out could be dangerous, just as a eurobond would be if not accompanied by a fiscal union.

The result has been a huge public bail-out of the banking sector and a massive fiscal and monetary stimulus.

When the German government set up a bail-out fund to stabilise the country's banking system, he said he would be "ashamed" to use it.

In extremis, you could conceive of a scenario under which the bail-out had to be so large that it would bring down the entire system.

What he meant was that he regretted having to ask for the bail-out.

When you think that governments are spending hundreds of times that much to bail out banks, it would seem to a prudent investment.

No one wants to see another taxpayer-funded bail-out . . . and the British monarchy is a systemically important institution.

One of its biggest creditors is Royal Bank of Scotland, which recently became a ward of the British state after a bail-out of its own.

He said: "If there's one thing that has unified Democrats and Republicans, it's that we all hated the bank bail-out. "

The aim of the bail-out is not to save creditors, but to allow losses to be handed out to them in an orderly fashion.

To exploit it, he must be at least as bold as he was in the bank bail-out.

UBS, which suffered the biggest writedowns of any European bank, received a government bail-out in October.

If Greece is to do more than simply stagger from bail-out to bail-out, the country needs a profound change in its political culture.

German voters were told repeatedly that the euro would be a stable currency and that they would not have to bail out southern Europe.

RBS was forced into a government bail-out a year later, and UK taxpayers still hold an 83 per cent stake in the bank.

In other words, the Europeans would bail out one of their own, but it would not be fun for anyone, especially not for the defaulter.

Yet there can be no doubt that this second bail-out must be the last of its kind.

Paul Tucker, deputy governor of the Bank of England, said it was a "mistake" by the US to equate keeping a seized bank open with a bail-out.

With the details of an additional bail-out for Greece still to be hammered out, Germany wants private investors to share the burden.

and that is to pay out these big bonuses. What's the long-term effect of that - of the attempt to bail out the financial industries?

Ford was the only one of Detroit's three carmakers to avoid a government bail-out during the depths of the 2008-09 recession.

To this end, the SME owners also use their brains to find ways to see what manner by what means to bail out a new path.

In a strange inversion of the crisis to date, the new bail-out plan seems to have helped the weaker peripherals and hurt the stronger ones.

The cheapest bail-out in the world, as he initially called it, turned into one of the costliest.

So if it wasn't such a severe error, I could just bail out with an error code?

These adjustments may have been painful, but a quick response tends to reduce the overall bail-out cost.

The case for a bail-out was not to save banks or their resident fat cats; it was that a depression would not stay in Manhattan.

In recent months Mr Fitzgerald had been working his contact list again, trying to drum up support for the latest Chrysler bail-out.

To bail out some troubled bank, it's not clear that will have the multiplier effect that you want, ' he said.

Still, next-door Latvia (which had an international bail-out in 2009) and Lithuania are eager to follow the Estonian example.

A few weeks ago the German chancellor was basking in plaudits for taking a hard line against a European bail-out of Greece.

The enemy aircraft plunged down in flames before the pilot had time to bail out.

Mr Borges said the bail-out raised "serious concerns" about related party lending throughout the Russian banking sector.

The crisis has led to a bail-out of the US car industry and a government role in how it will be run.

A year ago they tore up the rule book to bail out Greece and to ward off market attacks on other fiscal reprobates in the euro area.

Yes, that is a guess (as are the various estimates for the ongoing costs of break-up and those of a bail-out in future years).

The Bush administration's bail-out plan, even if it gets through Congress, may not be the end of the finance industry's problems.

Britain'sdebt burden will rise in the next couple of years to more than 70 per cent of GDP as a result of Labour's bail-out of the banks.

With no growth likely this year, the budget deficit has been revised up to 11. 9% of GDP, excluding the bank bail-out costs.

In Romania, too, public-sector unions are up in arms over spending cuts that were decreed under a bail-out agreed with the IMF and EU.

Goldman Sachs faced mounting pressure yesterday following the disclosure it had received almost $13bn as part of the AIG bail-out.

For Japan, a swift restructuring under special legislation is better than a bail-out of bondholders that perpetuates perverse incentives.

The treaty stipulated that there would be no bail-out of a country that got into fiscal trouble.

Some have advocated a rescue of a different sort, calling for China to use its foreign reserves to bail out the U. S. financial system.

He added that EU lenders already had sufficient monitoring safeguards in place in its bail-out programme.

Also, it is not simply a question of the Fed declining to bail out financial speculators who took on excessive risk.

In the current crisis, taxpayers in the bank's home country have tended to bear the costs of a bail-out.

Chinese officials can be expected to ask smart questions about the souped-up bail-out fund, the European financial stability facility.

"If I was a betting man, I'd say the bail-out will come soon to help the airline remain operational. "

Mr Gibbs said they were looking at the prospects for using remaining financial bail-out funds to help create employment.

The bank bail-out could cost less than expected. Health-care reform could cost more.

And effectively now the fund to bail out or to provide any large scale support system for the banks has to come from the taxpayer.

It said the EU's big bail-out fund would be temporary, but it is being made permanent.

Fu said China can't use its reserves to fund poverty alleviation at home or to bail out foreign countries.

Along with a new secured credit facility for the GSEs , the cost of this bail-out might run into hundreds of billions of dollars .

This buildup in debt levels was unprecedented in history, thanks to a Real Estate bubble that was used to bail out an equity bubble.

If AIG had shot off its own metaphorical foot to claim a government bail-out, the argument against the bail-out would be compelling.

What was needed was a huge bail-out across the board. And that was what the $700bn troubled asset relief programme (Tarp) ended up being.

A bail-out of Greece might create moral hazard, or an incentive to take risks, but it would be popular.

AIG will use proceeds from the sale of shares, part of a series of divestments, to repay some of the bail-out money it has received.

The bail-out on March 29th of a small savings bank, Caja Castilla La Mancha, could change that perception.

But a dedicated bail-out for the ten ex-communist countries that have joined the EU since 2004 is clearly a step too far.

However, he denied reports that they were planning to bail out the bank.

When General Doolittle and his men went to bomb Tokyo, on their return some of your boys had to bail out in the interior of China.

Much of it was raised from foreign firms which British taxpayers would never have to bail out.

"You can bail out the economy, but you cannot bail out the environment, " he said in one conference session.

Spain has deep problems, but even with a big bank bail-out it should be able to keep its public debt at a sustainable level (see article).

He said many Americans are concerned that their tax money will be used to bail out private lenders and other financial institutions.

His plane went down in flames, but he and his crew managed to bail out safely.

Its dual role as private investor and manager of government bail-out programmes left some asking if it was hopelessly conflicted.

GM also said it plans next month to start repaying some of the bail-out money it has received from the American and Canadian governments.

Appeals have been made to China, to help bail out Greece, Portugal and Spain by purchasing their debt.

The next controversy is likely to break out tomorrow, as details of yet another bank bail-out are released.

Recent jitters over Italy and Spain have raised fears over France's ability to meet its share of any new bail-out commitments.

The Obama administration could not get any extra funds out of Congress, even if it wanted to, to back the bail-out.

Proposals designed to stop taxpayers' money being used to bail out failed banks will be unveiled by the European Commission later.

GM and sympathetic lawmakers boosted their calls Monday for the federal government to bail out the company.

TARP was set up to bail out banks, but its remit has gradually widened, with Mr Obama now wanting it to provide loans to small businesses.

Granted, the bail-out will allow Greece to avoid having to tap the markets for about a year.

The cost of the Greek bail-out is not high, compared with the hypothetical alternative of uncontrolled Greek default inside the eurozone.

HSBC had a relatively good financial crisis. It did not need a bail-out.

Defenders of the bail-out argue that these institutions are too big to be allowed to fail.

Another danger is a disagreement between Greece and its trio of rescuers (the EU, the IMF and the ECB) over the conditions of its bail-out.

"We have to protect taxpayers and not bail out shareholders and management, " he said.

This was not to bail out specific institutions, but to lend unlimited amounts to bona fide financial institutions at a penal rate.

To top it all: the "no bail-out" clause was wiped out in the wake of the first Greek rescue package.

The latest, inadequate plan for a second Greek bail-out, agreed at a summit in July, should be thrown away and rewritten.

it also has an ideological dimension, as seen in the US debate over the efficacy of the stimulus package and the bail-out of Wall Street.

The figures suggest that the American tax payers have so far gained rather than lost money from the banking bail-out.

But investor confidence remains muted due to the lack of detail on any bail-out for the Greek economy.

It's hard for members of typical households to see how the bail-out benefitted them.

Mr Obama did better, but neither man explained compellingly that the bail-out on Wall Street was intended to protect Main Street.

Suspicions are rife that any bail-out for the banks will inevitably end up bailing out bankers, too, through all manner of hidden channels.

The Tories supported the bank bail-out in 2008, he notes.

The Soyuz would serve as a "bail-out capsule" in case of a life-threatening emergency.

Protectionism is already gaining ground in the US, with the proposed bail-out of the American car industry.

Given the scale of the crisis, only America's bail-out package is of a size to make much difference anyway.

In a currency union, borrowers speculate on a bail-out and do not let exploding public and current account deficits bother them.

The French torpedoed it. Spot the link with last week, when a French proposal for a European bail-out was torpedoed by the Germans.

If that happens, the losses of any bank will be for its shareholders; they should not expect any bail-out.

Ireland's spectacular bail-out of its banks, just months after they passed the stress tests, also rattled investors.

Even if it succeeds, a bridging loan assures that the debate over a bail-out will drag on.

Asian governments have insisted on the need for a US bail-out to protect their sovereign investments.

The bank bail-out could cost less than expected.

Many influential Germans think the ECB has reneged on the "no bail-out" pledge at the heart of monetary union.

It would not bail out tottering funds but would buy securities from their healthy peers in a panic, helping them to meet redemptions.

It's grotesque to ask countries with real poverty to bail out wealthy European states.

For the moment , the bail-out tacticians are in overdrive . But the strategists' moment is approaching .

We in business need to be philosophical: if taxpayers are required to bail out banks or other businesses, they should expect a say.

The bail-out confirmed everyone's assumption that Abu Dhabi would not let the second-biggest member of the UAE fail.

Revenues could be used to co-finance the bank bail-out fund.

Congress took advantage of the bail-out to impose caps on bonuses paid by banks taking money from the state.

That Germany has taken the lead is not surprising. The economy is performing quite well and it will pay the biggest share of any bail-out.

It is, in other words, the beginnings of a bail-out in disguise.

Even worse, the wrong sort of bail-out could debase the euro, as happened to the mark in the 1920s.

After a lot of talk, Ireland's bail-out package, led by the European Union, did not impose losses on creditors.

Greek bail-out would no doubt face a challenge in Germany's constitutional court.

South Africa offered to bail out Swaziland if the kingdom enacted political and economic reforms. King Mswati has so far refused its money.

That was the work of Mrs Merkel, who knows her voters oppose a bail-out for Greece.

"Smith was lucky enough to bail out and quit the company just before it went bankrupt. "

The suspicion might be that Germany is setting conditions for its support in reinforcing an urgently needed bail-out fund.

Swapping good assets for bad assets can in fact be considered a bail out of the banking system on a gigantic scale.

Mr Paulson, who did after all insert a clause in the bail-out plan allowing himself to switch course, may have been ruled by realpolitik .

The hope now is that this will stand Portugal in good stead if the country needs to follow Greece in seeking a second bail-out.

Japan's government is struggling to pass its bail-out of Tokyo Electric Power Company, owner of the doomed Fukushima nuclear plant.

Slovakia's hesitation over expanding the bail-out fund almost gave him "a heart attack" .

This bill does nothing but bail out Wall Street and large corporate America.

One of the biggest problems is pensions, which will dwarf the cost of the recent bank bail-out.

A senior UBS manager acknowledges that his firm could be called upon to help bail out other brokers if something went wrong.

Without a bail-out, the financial system would have remained paralysed, making the subsequent recession much deeper and longer.

Relative to the size of the economy, this is still far less than the cost of the Irish bail-out.

It may paradoxically be easier to help east Europeans than those bound by the euro's no-bail-out rules.

This had led to claims that AIG's rescue was a "backdoor bail-out" of big banks.

A bail-out would either delay inevitable restructuring or (worse) put Congress in charge of it. The bail-out's advocates will try again.

A poll conducted after the bail-out found just 8% wanting him to stay as prime minister (roughly the same as Irish bond yields at the time).

Resistance in the German Bundestag and elsewhere means that even the partial bail-out measures agreed in July are getting bogged down.

After long insisting on going it alone, Portugal announced that it would seek a bail-out from its euro-zone partners.

In all things trust ME but do not use MY plans as an excuse to bail out from your responsibilities.

That would be the bail-out that Mrs Merkel wanted to avoid, but it may never happen.

Unusually, the fund a minority partner in the rescue, which may give it less influence than when it is in sole charge of a bail-out.

As speculators suffer setbacks in one area, they quickly bail out of other, fundamentally unrelated areas to preserve their capital.

The rescue plan has angered many taxpayers, who see it as a bail-out for Wall Street.

But Portugal is a relative tiddler and its application for a bail-out was actually welcomed by the EU authorities.

But Merrill's wobbly balance sheet forced the bank to seek a government bail-out.

Bo Lundgren, the finance minister at the time, says Swedish voters would have rejected the bail-out had it been put to a referendum.

No sooner had these figures emerged than the US Treasury published its own estimate of the costs of its bail-out operations.

Politicians will not ignore their plight, even if the result is a costly bail-out of the imprudent.

Mr Obama highlighted the fact that the banks had already repaid $70bn in bail-out funds at a 17 per cent return to the taxpayer.

Ireland's bail-out last November can be traced to that moment; a debate on imposing losses on bank bondholders still rages.

Anxiety over Greece's bail-out package and the British election's outcome, and two previous days of declines, all made investors skittish.

IfIceland keeps recovering, only one conclusion is possible: You don't need to bail out banks after all.

'It appeared that he was going to continue to bail out the banks, the auto industry, and of course he did. '

One option being considered is to label the bail-out money a move to help restructure the banking sector.

TIME was when a bail-out by the International Monetary Fund was a uniformly horrid experience.

If Germany can only allow Greece to borrow money at market rates, and market rates are killing Greece, how would a bail-out help?

Other eurozone bond markets were stable as they are not perceived to be in danger of having to seek bail-out money.

Already the prolonged irresolution of European leaders about a second Greek bail-out has increased uncertainty for investors and businesses.

AIG is listing AIA in a bid to repay some of the bail-out money it owes the government, having failed to sell its Asian unit to Prudential.

Yields rose on Irish government bonds ahead of talks in Dublin about a possible bail-out of Ireland's debt-laden economy.

This bail-out, announced in February, has restored calm, as shown by the falling cost of insurance against default (see chart).

Conservatives, meanwhile, believe the White House bail-out plan is the road to socialism.

It performed ineptly in the run up to the financial crisis and in refusing to bail out Lehman Brothers.

Likewise in Portugal, which though less severely troubled than Greece nevertheless seems likely to follow Ireland to the bail-out window.

"China cannot be expected to bail out the eurozone unless it opens hurdles to China and other high growth markets, " Jin said.

Stockmarkets in Asia rebounded today as investors welcomed the BoA bail-out, with Japan's Nikkei climbing 2. 6%.

"They are going to have a very quiet bail-out of the weaker institutions. "

For better or worse, the authorities have decided to bail out their financial systems with taxpayer money.

This need not run afoul of the "no bail-out" clause: to agree to borrow jointly is not to assume another country's debt.

An alternative course would be to try to make a "no bail-out" model work.

Instead of gracefully returning an error code to the parent application, I print the error to the screen and bail out of the code.

Lord knows, the Obama Administration is not going to bail out hedge funds, CDOs, private equity firms (Cerberus? ), or Donald Trump.

But is Dubai about to give international banks a lesson in what happens when a government doesn't bail out its big companies as hoped?

The pay of GM and Chrysler executives remains subject to US government restrictions as part of the bail-out conditions.

Arcandor, a German retailing and tourism group, filed for insolvency after Germany's government refused its request for a bail-out.

As easy credit dried up and commodity prices plummeted, over-leveraged oligarchs were forced to turn to the government for bail-out loans.

But if the fear of being sucked into the bail-out is only partly justified, so is the smugness about having retained sterling.

That's when British economist John Maynard Keynes articulated all the ways in which government could and should help bail out an economy.

The pressure to put together a second bail-out package for Greece remains intense.

He didn't say whether it is a good time to bail out of the market, but he isn't exactly in a bullish mood when it comes to stocks.

IN IRELAND a bail-out by the euro zone's rescue fund helped force the government to call (and lose) an early election.

There is nothing inherently wrong with the model, except when government steps in to bail out banks when these bets fail.

The confusion across Europe was amplified by a dispute over whether to expand the size of the eurozone's bail-out fund.

And although CDS spreads are rising, they remain lower than they were before the bail-out of Greece was announced.

There could also be pressure on the government to bail out various parts of the public sector.

And the state would keep buying up the surplus, effectively offering to use its huge dollar reserves to bail out local firms.

But if local governments still need a bail-out after that, they will have to cede some of their budgetary freedoms to Beijing.

Why should taxpayers bail-out millionaire bankers, and what should we force them to give back in return?

Asif Ali Zardari, Pakistan's president, last week travelled to China in large part to seek up to $1. 5bn in help towards a bail-out package.

On a grander scale, there are plans for a $100 billion bail-out fund known as the super-SIV.

The bail-out commits Portugal to cutting the deficit to 3% of GDP by 2013, a year later than previously planned.

This can be meeting the tough conditions of an IMF bail-out or surmounting some other financial crisis.

If the debt's holders suffer losses in a bail-out, triggering a "credit event" , banks that had sold the swaps would face huge payouts.

The debate about whether or not to bail out the Big Three carmakers has been mischaracterised.

Despite German resistance, discussion of topping up the bail-out fund will resume at the March summit.

Talk of a bail-out brought some calm to financial markets, though there is a risk that the lack of detail may trigger fresh paroxysms.

Meanwhile, protesters around the world will take a dim view of distrusted politicians deciding to bail out banks again.

The US government's $700bn bail-out was the price to be paid for past hubris.

Having said all of this, a Detroit bail-out is going to happen anyway, so how can the US get the most from its flawed investment?

Voters and lawmakers in fiscally frugal Germany are loathe to open their wallets to bail out more free-spending peers.

The single currency's architects put their faith in the "no bail-out" clause coupled with a "stability and growth pact" .

Mr Papandreou was instructed to approve the last European bail-out deal or risk losing his loans and being ejected from the euro.

The diversification, along with a bunch of franchisee lawsuits over excessively marked-up food, forced Katz to bail out.

Sometimes girls bail out on their childhoods because it's expected of them or because their communities have nothing else to offer.

For now, the idea of Greece having to seek a bail-out from its euro-area partners or appealing to the IMF for help is just talk.

By pledging to invest in them if needed, he had hoped to calm markets and thus reduce the likelihood of a bail-out.

Those who make it pretend to care deeply about the strict fulfilment of the Maastricht Treaty's "no bail-out" clause.

Greece is unlikely to meet the terms of its bail-out, which requires it to cut its budget deficit to 7. 6% of GDP this year.

Fears rose that Ukraine might refuse to abide by the terms of an IMF bail-out and default on its debt.

Commerzbank suspended the payments this year, following a stern talking-to by Germany's bank regulator and its bank bail-out fund.

And the credibility of the European Central Bank as an inflation fighter has been weakened by its active participation in the bail-out.

How to make sure the latest bail-out marks the beginning of the end of the euro zone's debt crisis.

The bail-out remains unpopular and congressional elections are only two-and-a-half months away.

More lending by the Fed cannot create capital or trust; it is counting on the $700 billion bail-out plan for that.

Irish bond yields scaled new euro-era highs, uncomfortably above their levels when a bail-out package was announced in November.

Maybe the Greek bail-out will provide a blueprint for such a system.

After its bail-out Citigroup, for example, split itself into a "good bank" and a "bad bank" for operational purposes.

Klaus Regling, the chief of the eurozone bail-out fund is in Beijing discussing possible support.

Despite its massive price tag, investors are unconvinced by the bail-out strategy for three separate (and hardly irrational) reasons.

In an unfortunate irony of timing, Portugal's bail-out talks with European and IMF officials began earlier today.

Of course, the reason why a widening sovereign debt crisis is so serious is that there is no one to bail out large governments.

But getting repaid cannot be the main goal of the bail-out.

In spite of the enormous bail out it has failed, and a new system is waiting in the wings to replace it.

But the result was quick and clean, sidestepping legal wrangles over liability and avoiding tapping taxpayers for a bail-out.

Gilles Moec, head of European economic research at Deutsche Bank, says a "technical cabinet" would be better placed to negotiate a bail-out.

That little exchange popped into my mind as I watched US politicians vote on Monday night over the putative $700bn bail-out plan.

Germans may have to bail out Greece or Spain without any power to choose a Greek or Spanish government committed to reform.

Just imagine the politics of a cross-border bail-out that requires a cut in domestic welfare payments.

Nor is the purpose of the bail-out to create a new generation of fuel-efficient cars.

After all, the treaty that created the euro contains a "no bail-out" clause that prohibits one country from assuming the debts of another.

The money will come from the US government's $700bn economic bail-out fund intended to support struggling banks.

Cyprus, a midget within the monetary union, has been pushed to the brink of a bail-out.

London cannot stake its survival as a financial centre on the continued willingness of UK taxpayers to bail out its banks.

The fund has withheld a tranche of an agreed bail-out loan, part-financed by the EU, because of a ballooning budget deficit.

But it also created a political vacuum in which nobody may have enough authority to negotiate a bail-out.

Some suggest that, having exhausted the more transparent bail-out strategy, banks are seeking less transparent help through the tax code.

But a bail-out would be unpopular, and the government does not want to touch this issue until the federal elections in September.