Warm Southern Breeze

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Posts Tagged ‘Barak Obama’

BMW Tapped $3.6 Billion in Federal Reserve Funds During Financial Crisis

Posted by Warm Southern Breeze on Friday, December 3, 2010

BMW Head Quarters in Munich Germany.

BMW Headquarters, Munich, Germany - Image via Wikipedia

Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, secured funds from the U.S. Federal Reserve during the financial crisis to boost liquidity as other sources dried up.

BMW’s largest transaction under the Fed’s Commercial Paper Funding Facility was for $3.62 billion on Jan. 30, 2009, according to data released yesterday. BMW made “intermittent” use of the Fed program for refinancing at a time when other forms of credit were frozen, Mathias Schmidt, a spokesman for the Munich-based automaker, said today.

“We tapped into this program in 2008 and 2009 during the financial crisis …Continue…

Posted in - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

Gulf Of Mexico Oil Disaster Governors Refuse to Activate National Guard

Posted by Warm Southern Breeze on Friday, June 25, 2010

GOMOD – Gulf Of Mexico Oil Disaster

UPDATE: …Continue for some devastating figures…

Posted in - Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

 
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