The country has been facing credit issues after its financial problems were thrown into sharp relief by the bailout of Bankia, the country's fourth-largest bank.
But the federal government, in a little-noticed ruling last year, decided that companies that received U.S. bailout money under the Troubled Asset Relief Program won't fall under that rule.
China's central bank governor, Zhou Xiaochuan, has praised the takeover as positive, but analysts here say the bailout will bring only short-term relief for China.
Although Mr. Dijsselbloem subsequently backed away from the comments, they had already put an end to the relief rally that followed Monday's bailout agreement.
The actions taken by the Treasury Tuesday fall under the rubric of the Troubled Assets Relief Program that is the centerpiece of the bailout bill Congress passed earlier this month.
And because they can't tap into the Troubled Asset Relief Program--the government's bailout kitty for U.S. banks--they're also not tied down by its restrictions, including executive compensation limits and dividend payments to Uncle Sam.
Perhaps the biggest driver of the Tea Party movement was not the health care debate, but the bailout of Wall Street and the creation of the Troubled Assets Relief Program.
The Troubled Asset Relief Program expires Sunday, meaning the Treasury Secretary can commit no more funds from the bailout legislation Congress passed two years ago.
There was relief that the Greek Parliament passed the painful austerity measures required for Greece to receive additional bailout funds to prevent it from defaulting on its debt (or at least postpone its potential default).
The stimulus bill the president signed into law restricts the use of bank bailout funds (money banks get from the Financial Stability Plan, formerly known as the Troubled Asset Relief Program) to hire skilled foreign workers under the H-1B visa program.
应用推荐