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unusual facts about bailout



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2010 Air Untuk Rakyat rally

The rally organiser, the Air Untuk Rakyat movement and federal opposition Pakatan Rakyat, had called the protest regarding the privatisation of water management in Selangor state which surrounds the capital, Kuala Lumpur and the federal government's bailout of SYABAS, a water distribution firm controlled by associate of the UMNO-led federal government crony Rozali Ismail.

Banque Industrielle de Chine

Philippe Berthelot whose brother André had lost vast sums trading in Chinese bonds was forced to resign from office when it was revealed that he had secretly lobbied for a bailout by sending telegrams on behalf of the President of the Council without his knowledge.

Chartis

As part of the financial crisis of 2007–2008, AIG suffered a liquidity crisis resulting in it being bailed out by the Federal Reserve, and the United States Department of the Treasury receiving warrants to acquire a controlling stake in the company.

Chrysler R platform

Ricardo attempted to seek a bailout from the Federal government to the tune of $7.5 billion, but President Jimmy Carter immediately turned him down.

Demetris Christofias

On July 28, 2011, Cyprus's cabinet tendered its resignation bowing to political and public pressure after a massive munitions blast at Evangelos Florakis Naval Base threatened to force the island into asking for an EU bailout.

Early 1990s recession in Australia

The bank had been a beneficiary of the commercial property boom of the 1980s, but by February 1991 the Bannon Labor Government had to launch a $970,000 bailout due to its bad debts, and the bank's debts soon reached $3 billion.

Next Greek legislative election

On October 14, the European Central Bank (ECB) began saying Greece would need a third bailout.

Philippine American Life and General Insurance Company

Philam Life was part of the American International Group (AIG) until 2008 when the company, along with other AIG subsidiaries, American International Assurance (AIA) and ALICO were placed under the administration of a special purpose vehicle in exchange for a bailout by the Federal Reserve Bank of New York.

Shirley Franklin

Franklin, Philadelphia's Michael Nutter and Phil Gordon of Phoenix lobbied Treasury Secretary Henry Paulson in a joint letter asking for a share of the proposed $700 billion bailout.


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