|
News Releases -
Business & Economy
|
|
|
Written by Sen. Charles Grassley
|
|
Thursday, 31 March 2011 07:07 |
|
Tuesday, March 29, 2011
Grassley Warns of Bailed-out Banks’ Repaying Bail-outs With Government Funds
WASHINGTON – Sen. Chuck Grassley is asking the Treasury secretary for assurances that banks bailed out with government funds will not be allowed to use another government program to pay back their bailouts.
“The reports that banks from New York to Nashville are using federal dollars from the so-called Small Business Lending Fund to increase profits and ‘pay back’ TARP make this look like another TARP-style money shuffle,” Grassley said. “Replacing one form of government subsidy with another wasn’t a repayment when GM did it and it still isn’t. The Treasury Department has an obligation to put the brakes on any tricky bookkeeping that misleads the American taxpayer and subverts what this program was supposed to do.”
Grassley wrote to Treasury Secretary Timothy Geithner, citing media reports and a bank earnings statement to investors that banks in Pennsylvania, Nashville and New York that received money through the $700 billion Troubled Asset Relief Program (TARP) are considering paying back that bailout with money received through the federal Small Business Lending Fund. One bank touted increased “profitability” in converting TARP funds to Small Business Lending Funds in its quarterly earnings report.
Grassley asked Geithner for assurances that a repayment shuffle will not take place. He asked for a description of Treasury’s oversight plans to prevent such a shuffle and for information including a list of banks that have applied for loans under the small business program.
Last year, Grassley exposed the misleading nature of claims from the Treasury Department and General Motors that the company repaid a TARP loan through a business turn-around. In fact, its repayment was via federal money held by the government.
The text of Grassley’s letter to the Treasury secretary is available here. |
|
|
News Releases -
Business & Economy
|
|
|
Written by L. Kitsch
|
|
Monday, 28 March 2011 07:30 |
Davenport, IA – March 24, 2011 – Fresh Coat Fresh Coat of Southeast Iowa today announced the launch of www.freshcoatquadcities.com as an information portal for Quad Cities area home owners and businesses to find information about painting projects. With articles being added almost every day and an online monthly newsletter of painting tips, the website is anticipated to quickly become Iowa’s primary resource for residential and commercial painting projects.
Future plans include educational guides on selecting a painting contractor and professional advice from experts in the field.
The web site will be an invaluable resource for Iowa area homeowners and businesses in finding accessible information to address their painting needs. Information will be efficiently categorized for easy navigation.
The owner of Fresh Coat Fresh Coat of Southeast Iowa stated, “Our main objective is to be the number one painting resource guide for assisting everyone in the Quad Cities area with their painting needs. The depth of knowledge and resources at www.freshcoatquadcities.com is simple, concise and offers every homeowner some information about their home.”
About Fresh Coat Fresh Coat of Southeast Iowa – Painting is a product and service industry and ultimately the success of any painting company is driven by customer satisfaction. At Fresh Coat, we believe in the core values of honesty, integrity, experience, and a commitment to doing what we say we will do. We also believe that these values are the keys to our client’s satisfaction and are the first steps towards developing long-term business relationships. Not only do I care about my clients, I also care about my community and the environment. Our Davenport painters are proud to offer eco-friendly, “Green” paint options. We also support nonprofit organizations and community groups fundraising programs. For more information please visit them at www.freshcoatquadcities.com.
*** |
|
News Releases -
Business & Economy
|
|
|
Written by Alexandra Krasov
|
|
Friday, 18 March 2011 08:56 |
Washington, DC – March 15, 2011 - Today, Congressman Bruce Braley (IA-01) joined a bipartisan effort to keep the government running and voted to support a temporary measure that incorporates cuts from both parties:
“Let me be clear, passing two-week or three-week stopgap measures is no way to run a government,” said Rep. Braley. “But when the choice is a temporary spending measure or a government shutdown that would deny care for our veterans and stop Social Security checks from going out – then I believe it’s my duty to make sure crucial programs all over Iowa and the country are not disrupted by a shutdown.
“It’s long past time that we sit down and have a responsible, adult discussion about the budget – and pass a long term spending plan that gives American families, soldiers and businesses the certainty they deserve.”
### |
|
News Releases -
Business & Economy
|
|
|
Written by Alexandra Krasov
|
|
Thursday, 17 March 2011 07:41 |
Washington, DC – Today, Congressman Bruce Braley (IA-01) issued the following statement in response to the Iowa State House vote to pass a Republican bill that curbs collective bargaining rights for working families in Iowa:
“Today’s action by the Iowa House of Representatives is a blatant attack on our state's middle class. At the very moment that our economy is showing signs of improvement, the Republicans in the Iowa House have thrown a punch to the gut of thousands of Iowa families. This bill is shameful.”
# # # |
|
News Releases -
Business & Economy
|
|
|
Written by Sen. Tom Harkin
|
|
Thursday, 17 March 2011 07:40 |
Passage of House File 525 a huge disappointment for Iowa’s working families
WASHINGTON, D.C. – Senator Tom Harkin (D-IA), Chairman of the Committee on Health, Education, Labor and Pensions (HELP), issued the following statement after the Iowa House of Representatives voted 56 to 39 to pass a measure that restricts the collective bargaining rights of public workers.
"Following Wisconsin’s vote earlier this week, I was hopeful that Iowa’s House Republicans would choose a different path, and not resort to using our public sector workers – our friends and neighbors – as a political scapegoat. Unfortunately, today they voted to strip Iowa’s public servants of meaningful collective bargaining rights. It is a shameful thing to do to those who work so hard for the public good, and it will only undermine the economic recovery of our great state.
“Let’s not forget who we are really talking about. We are talking about the police officers and firefighters that put their lives on the line to keep our families safe. We are talking about the elementary school teachers who make sure our kids know their ABCs. Our public servants deserve respect – especially from our elected officials. They did not cause the recession, and they do not deserve to be treated this way.
“Iowans have a very strong sense of community – they know that in tough times it’s important to support your friends and neighbors and do all you can to lift people up, not tear them down. Working families are facing unprecedented challenges, and it’s time that we all come together to do whatever we can to help rebuild a strong middle class with good jobs, fair wages, and benefits. My hope is that the Iowa Senate defeats this measure.” |
|
|
|
|
<< Start < Prev 141 142 143 144 145 146 147 148 149 150 Next > End >>
|
|
Page 142 of 188 |
