“Bailout” on The Daily Caller

A Swedish labor union wants President Obama to save Saab, a Swedish-owned car company. (more)

The Bank of Spain announced that it is looking rescue Bankia SA by taking a controlling share, according to the Wall Street Journal. (more)

Does the Federal Reserve bank really have taxpayers’ interests at heart? The Fed has secretly selected three banks to bid on American International Group, Inc. (AIG) debt securities that were acquired during the 2008 bailout. This move has critics and Wall Street seeing red over the failure to live up to the bank’s promise of transparency, Bloomberg News reports. (more)

The multinational insurance corporation American International Group, Inc. (AIG) made headlines four years ago when their credit rating dropped to AA, resulting in a massive liquidity crisis then resultingin a $182.5 billion bailout from the US government. This past quarter, the company reported $19.8 billion in profits, which would seem like quite a turn around from the recipient of one of the biggest Wall Street bailouts. (more)

WASHINGTON (AP) — Top global finance officials are pledging to work decisively and in a coordinated way to deal with a European debt crisis and other dangers confronting the global economy. (more)

German Chancellor Angela Merkel said Greece is taking the right steps to get its next bailout payment, warning against allowing a Greek default because of the risk of contagion for other euro-area countries. (more)

Talks about how to get private investors to contribute toward a new bailout for Greece widened Monday to include a possible buyback of Greek government bonds — but people at a meeting in Rome discussing the issue said there were no guarantees the ideas wouldn’t lead to a default by the heavily indebted nation. (more)

Hundreds of small banks that received U.S. aid after the financial crisis appear to have found a creative way to repay the funds: obtain money from a different government program. (more)

LONDON — European officials on Thursday sought to calm fears over a possible financial collapse in Greece, saying that short-term aid to Athens was imminent, even as the euro slumped and concern heightened that debt troubles could engulf larger economies such as Spain. (more)

The Democratic National Committee has a game plan and it’s sticking to it: run over Mitt Romney, reverse, and do it again. (more)

Chrysler Group was set on Tuesday to repay $7.5 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that will allow the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA. (more)

A few days ago, Portugal officially requested a $116 billion bailout from the European Union and the International Monetary Fund. This makes Portugal the third European nation to seek such a bailout in the past year (Greece got $157 billion; Ireland $122 billion). What most people don’t realize is that the U.S. is the largest contributor to the IMF. Therefore, U.S. taxpayers are paying for Portugal’s bailout, which — like the earlier bailouts of Greece and Ireland — was caused by too much government spending and borrowing. (more)

LISBON, Portugal (AP) — Portugal asked for a bailout Wednesday to relieve its crushing debt, joining Greece and Ireland by becoming the third eurozone nation to seek outside help amid a bruising financial crisis.  (more)

WASHINGTON (AP) — The Supreme Court decided on Monday not to stop the release of Federal Reserve Board documents identifying financial companies that received Fed loans to survive the financial crisis. (more)

The United States Postal Service has fallen on tough times, struggling to find both revenue and relevance in the digital age. President Obama’s 2012 budget, released Monday, attempts to help it accomplish the first of those, providing it with a total of $4 billion of “temporary financial relief” this year. (more)

Last year, the International Monetary Fund’s (IMF) bailout of Ireland and Greece put U.S. taxpayers on the hook for over $46 billion. It’s time to get ready for the next round of European bailouts in 2011. IMF First Deputy Managing Director John Lipsky says that “we will stand by with our European partners to provide support.” Speculation has been circulating that this will mean an upcoming taxpayer bailout of Portugal and Spain. (more)

After last night’s show of civility across party lines at the State of the Union, Rep. Darrell Issa’s first Oversight Committee hearing on bailouts and the foreclosure crisis started with a bout over procedure. (more)

House Majority Leader Eric Cantor (R-Va.) issued a new threat against a federal bailout for ailing state governments Monday as GOP leaders girded for a confrontation with President Obama over spending. (more)

WASHINGTON (AP) — The House’s major investigative committee will explore financial bailouts and the foreclosure crisis on Jan. 26, in the panel’s initial hearing this year. (more)

Our founders — being federalists, after all — believed in the rights of states and localities to make their own decisions. Today, it seems most Americans trust folks at the local level to know, much better than our federal overlords, what works for their communities. This makes common sense. And without question, it’s what our founders contemplated when they conceived and drafted the Constitution. (more)