Flushed with cash

Glasser, Laura
December 2008
Long Island Business News (7/1993 to 5/2009);12/26/2008, Vol. 55 Issue 63, p8A
The article reports on the announcement by Flushing Financial Corp. in Long Island, New York that it has received $700 billion bailout in 2008. The bailout plan provides healthy banks with low-interest cash in return for preferred shares. The bank is said to be one of only two institutions participating in the bailout plan in Long Island.


Related Articles

  • Flushing Starts Commercial Bank.  // American Banker;6/19/2007, Vol. 172 Issue 117, p7 

    The article reports on Flushing Financial Corp.'s decision to form a limited purpose commercial bank for the purpose of soliciting deposits from state and local governments. Flushing is the latest thrift company in New York to open a commercial bank in 2007 for the purpose of soliciting state...

  • House members grill bank execs on TARP. Brush, Silla // Hill;2/12/2009, Vol. 16 Issue 17, p14 

    The article reports that the U.S. House Financial Services Committee chairman Barney Frank and other members of the house, including Texas Representative Randy Neugebauer and Massachusetts Representative Michael Capuano, have encouraged banks across the country, which received federal...

  • No more bailouts; break up banks. Budowsky, Brent // Hill;10/28/2009, Vol. 16 Issue 126, p30 

    The article focuses on the bail out issues in the banking sector in the U.S.

  • To Rescue Our Economy, Bail Out the Homeowners. JACKSON, JESSE // Progressive Populist;11/15/2011, Vol. 17 Issue 20, p14 

    In this article the author criticizes the U.S. government for bailing out failing banks while abandoning struggling homeowners, claims that this short-sighted policy will further weaken the nation, and that to address this, aid must be extended to the latter as well.

  • Banks see upswing in the year. Brown, Todd R. // Business Journal Serving Fresno & the Central San Joaquin Valley;12/24/2010, Issue 324274, p8 

    The article discusses the impact of the federal government's Troubled Asset Relief Program (TARP) on the banking industry in the U.S.

  • Fearing regulation, LI banks avoid bailout money. Glasser, Laura // Long Island Business News (7/1993 to 5/2009);12/19/2008, Vol. 55 Issue 62, p7A 

    The article reports that the banks are avoiding the bailout money in Long Island, New York. According to Brad Rock, chief executive of Hauppauge-based Bank of Smithtown, the reason they are undecided is there are large differences of opinion among the U.S. Treasury, bank regulators and Congress...

  • Downturn Had No Effect On Bank Salaries.  // Credit Union Journal;4/4/2011, Vol. 15 Issue 13, p2 

    The article reports that bank bail-outs and the occurrence of economic downturn from 2007-2010 shows no relative impact on the salaries and pay schemes of banks in the U.S., according to "American Banker."

  • It Is Time For Baby Banks. EDABURN, PATRICK // Moderate Voice;10/24/2012, p4 

    The author discusses the significance of setting baby banks through legislation in the U.S. The recent financial crisis cost the U.S. nearly one trillion dollars in bailout fund to help support the banks and other financial institutions. These banks have gotten even bigger and the financial...

  • Wall Street Magicians Make Reform Disappear. HIGHTOWER, JIM // Progressive Populist;10/1/2013, Vol. 19 Issue 17, p3 

    The author likens Wall Street bankers to magicians, pointing out that they turned a gross failure into a multi-trillion-dollar bailout by taxpayers and claimed that they are risk takers who put their money into enterprises that create economic growth in the country.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics